• 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

EU Considers Broader Sanctions on Crypto Transactions Linked to Russia

chest

The European Union is exploring strict sanctions on all crypto transactions related to Russia to limit sanctions evasion.

user avatarMaya Lundqvist

Russia to Restrict Access to Foreign Crypto Exchanges

chest

Russia is preparing to block access to foreign crypto exchanges by summer 2026 as part of a new regulatory framework.

user avatarTomas Novak

Institutional Investors Show Caution as Bitcoin ETF Flows Turn Negative

chest

Institutional positioning in Bitcoin ETFs is shifting, with notable net outflows and reduced exposure from major investors.

user avatarKaterina Papadopoulou

Ripple CEO Predicts Quick Passage of CLARITY Act

chest

Ripple CEO Brad Garlinghouse predicts that the CLARITY Act could pass quickly once disputes over stablecoin rewards are resolved.

user avatarLeo van der Veen

Senator Moreno Optimistic About Crypto Market Structure Bill

chest

Senator Bernie Moreno expresses optimism about the passage of the CLARITY Act, aiming for it to be signed into law by President Trump by April, despite concerns and potential political challenges.

user avatarLi Weicheng

Technical Indicators Show Potential for Recovery in Stellar XLM

chest

Technical indicators for Stellar XLM are showing signs of potential recovery, despite recent bearish trends.

user avatarTenzin Dorje

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.