• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Decentraland collaborates with Axelar for cross-chain NFT trading

Decentraland collaborates with Axelar for cross-chain NFT trading

user avatar

by Max Nevskyi

2 years ago


Decentraland, a popular trading platform in the Metaverse realm designed for content creators, players, and participants, has implemented a significant update through Squid - an innovative cross-chain liquidity mechanism operating on the Axelar blockchain. This update greatly simplifies the process of acquiring NFTs on the platform, making it more accessible and user-friendly.

With Squid, Decentraland now offers its users the ability to purchase any NFTs available on the market using the Polygon and Ethereum blockchains. This expands the platform's capabilities, making it more attractive to a wider range of users.

The key role of Squid is to facilitate the NFT purchasing process on Decentraland. Users can perform cross-network token transactions when buying NFTs, meaning that when using a cryptocurrency other than Decentraland's primary currency, MANA, Squid automatically redirects the transaction through the supported Polygon and Ethereum blockchains.

This update contributes to the growth and development of Decentraland, increasing its appeal and accessibility to the active Metaverse community. Thus, Decentraland strengthens its position as a leading platform in the world of digital assets and virtual reality, offering broader opportunities for trading and interaction within its ecosystem.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Anonymous whale deposits 4,500 ETH to Binance with $4.32 million loss

chest

An anonymous whale deposited 4,500 ETH to Binance, resulting in a $4.32 million loss, according to analyst Ai Yi.

user avatarGiorgi Kostiuk

Bitcoin Breaks Records Again: The Influence of ETFs and Politicians

chest

Bitcoin reached a new record thanks to institutional investments and political decisions, boosting confidence in cryptocurrencies.

user avatarGiorgi Kostiuk

Circle and HiFi Bridge Partnership: New Opportunities for B2B Payments with USDC

chest

Circle teams up with HiFi Bridge to introduce B2B payment solutions using USDC to Brazil and Hong Kong.

user avatarGiorgi Kostiuk

Musalem on Stablecoins: The Need for Regulation and Their Significance

chest

The Federal Reserve sees stablecoins as an important element of payment systems. Musalem emphasizes the need for regulation in this area.

user avatarGiorgi Kostiuk

GMX Faces $42 Million Cyber Attack

chest

GMX has been hit by a significant exploit, resulting in a theft of $42 million, leading to a 25% drop in token value.

user avatarGiorgi Kostiuk

BNB Chain: 32nd Quarterly Token Burn Completed

chest

BNB Chain has conducted its 32nd quarterly token burn, reducing supply by 1.6 million BNB as part of its deflationary strategy.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.