• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Unique Network launches NFT XCM testing for developers

user avatar

by Giorgi Kostiuk

a year ago

  1. What is NFT XCM?
  2. Technical details of the project
  3. Significance and future of NFT XCM


    4. Unique Network has announced the launch of the first developer environment for NFT XCM transfers, starting with two major networks for developers and parachains in the Polkadot ecosystem.

    What is NFT XCM?

    NFT XCM is an innovative initiative developed by Unique Network to simplify the transfer of NFTs between parachains. This technology expands accessibility and unlocks new possibilities for creators, developers, and users.

    This milestone represents not just technical progress but the unification of an ecosystem. NFTs are no longer confined to one parachain; we’re building a future where they can flow freely across multiple chains.Alexander Mitrovich, CEO of Unique Network

    Technical details of the project

    NFT XCM uses Polkadot’s Cross-Chain Messaging format to transfer data between consensus systems. Interested developers and parachains can register for testing. The project also includes the Think Tank initiative to foster collaboration and innovation in the Cross-Chain NFTs within the Polkadot ecosystem.

    Significance and future of NFT XCM

    The launch of XCM v3 in May 2022 provided cross-chain interoperability for fungible tokens (FTs). NFT XCM represents a significant breakthrough, enabling users to seamlessly transfer digital assets between Polkadot parachains, making NFTs more accessible and versatile.

    Unique Network continues to work on simplifying and expanding NFT ecosystem capabilities within Polkadot, fostering organizational bridges and aligning leadership across various NFT blockchains.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

South Korea Moves Forward with Security Token Offerings Regulation

chest

The National Assembly of South Korea has passed amendments to the Capital Markets Act and the Electronic Securities Act to regulate security token offerings.

user avatarMaria Gutierrez

Chainlink Price Stabilizes Above 13, Building Momentum Towards 15

chest

Chainlink's price has stabilized above 13 following a recent retracement, with traders closely watching the 15 level as a potential target.

user avatarDavid Robinson

Contrasting Views on Emotional Detachment in Crypto Investing

chest

A user presents a contrasting view on emotional detachment in crypto investing, emphasizing the importance of reducing emotional exposure for long-term success.

user avatarZainab Kamara

Bird Clarifies His Position as a Builder on the XRPL

chest

Bird clarifies his position as a builder on the XRPL, emphasizing that his exhaustion is due to sustained effort in developing a large-scale project rather than market observation.

user avatarAndrew Smith

Crypto Commentator Expresses Exhaustion of XRP Holders

chest

Crypto commentator Bird expresses the exhaustion of long-term XRP holders due to prolonged price stagnation.

user avatarJacob Williams

Elon Musk Withdraws Support for OpenAI ICO Amid Regulatory Concerns

chest

Elon Musk quickly withdrew his support for the OpenAI ICO proposal due to regulatory scrutiny and personal priorities.

user avatarAyman Ben Youssef

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.