XP.Network Multi-chain NFT Bridge - a team of dedicated blockchain enthusiasts, working to unify the NFT ecosystem, using various network protocols, programming languages and smart contracts, and token standards.
Description of XP.Network Multi-chain NFT Bridge
XP.NETWORK - an ecosystem, centered around a multi-chain bridge for minted NFTs. It breaks down barriers between blockchains, allowing NFTs to move freely across networks. By bringing together dApps, token developers, traders and holders, XP.NETWORK is building the foundations for a single global NFT marketplace.
The innovative technology has several advantages:
| 1. | Supports a wide range of EVM and non-EVM protocols simultaneously. |
| 2. | The intuitive application interface provides a pleasant user experience. |
| 3. | Developed cross-chain NFT listing tools. |
XP.NETWORK solves the problem by allowing NFTs to be transferred from one blockchain to another in seconds at minimal cost. This means wider openness for NFT creators, better liquidity for asset holders and increased transaction flow for merged blockchains. For example, an NFT, minted on Avalanche, can be sent to Ethereum and listed on OpenSea – something that has not been possible until now.
It works by creating wrapped NFTs that preserve the metadata of the original assets without duplicating the assets themselves. Original NFTs are securely stored and can be returned to the owner if necessary.
Using of XPNET
XPNET is being used in the staking program, which is an industry, first centered around chain-agnostic NFTs. Each bettor can enter an NFT which serves as an access key to betting rewards. One can choose to either hold the NFT until the end of the staking period and claim the reward, or sell it, at which point the buyer becomes eligible for the XPNET rewards while the original owner is still able to withdraw the staked XPNET.
The NFT owner can always check how many XPNET tokens have already been credited and withdrawn, and estimate the residual value. NFTs can be sent, stored and traded on any of the blockchains, supported by the bridge.