XP.Network Multi-chain NFT Bridge solves the problem by allowing NFTs to be transferred from one blockchain to another in seconds at minimal cost. This means wider accessibility for NFT creators, better liquidity for asset holders and increased transaction flow for bridged blockchains. For example, an NFT, minted on Avalanche, can be sent to Ethereum and listed on OpenSea, which has not been possible until now.
About XP.Network Multi-chain NFT Bridge
The cross chain bridge is a key element of the XP.NETWORK ecosystem. It consists of two key elements: smart contracts and relay validators. This allows users to send NFTs minted on one chain to any other connected chain. For example, an NFT, minted on Solana, could be sent to Ethereum for listing on OpenSea, or a BSC-based market like OpenBiSea, or Snowflake on Avalanche, and so on. The XP.Network Multi-chain NFT Bridge is unique in many ways, not to mention that it connects more blockchains than any other NFT bridge.
Short list of benefits:
| 1. | Cheap transactions even when transferring NFTs to or from Ethereum. |
| 2. | Additional royalties, another smart contract logic and passing the name of the NFT collection to the target chain. |
| 3. | Support for more than 10 NFT standards. |
| 4. | Explorer for tracking cross-chain NFT transactions that were previously only available for blockchains. |
| 5. | An intuitive JavaScript library that allows you to integrate the bridge into any multiplayer game, marketplace, metaverse or DEFI project in a matter of hours. |
| 6. | A widget that can be customized and added to the user interface in minutes with zero coding. |
Select the origin chain where the NFTs are located from the list of supported networks and the destination chain where the user wants to send the NFTs. The XP.NETWORK bridge allows users to pay gas fees on both chains (send and destination) in their own original chain tokens. This is not only convenient, but sometimes the only possible way, since some ledgers do not support the tokens of others.
XPNET token
$XPNET - the native token of XP.network. It helps to pay transaction fees, stake and to encourage further development of XP.network.
XPNET token holders can stake the token for 3, 6, 9 or 12 months and earn APY of 45%, 75%, 100% or 125%, respectively. What makes the XP.network staking program unique in the decentralized landscape is the addition of chain-agnostic NFTs.