• 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

Potential Christmas Rally for Bitcoin Illustrated by Analyst

chest

Crypto analyst RBswingtrader illustrates a potential Christmas rally for Bitcoin, targeting the 108,519 region if the price recovers from its current lows.

user avatarZainab Kamara

Pepe PEPE Continues to Dominate Meme Culture

chest

Pepe PEPE has solidified its status as a leading meme coin, leveraging viral momentum and broad community visibility.

user avatarSon Min-ho

BC Card Launches Stablecoin Payment Pilot for Foreigners

chest

BC Card has launched a pilot program allowing stablecoin payments at local merchants for foreigners, integrating overseas wallets into the domestic payment system.

user avatarAyman Ben Youssef

Bitcoin Mining Adjustments Amid Market Pressures

chest

Bitcoin miners are underclocking their machines to conserve energy amid current market pressures, as revealed by Ethan Vera, COO of Luxor Technology.

user avatarKofi Adjeman

Ways to Engage in the Hamster Kombat Daily Cipher.

chest

Players can easily participate in the Hamster Kombat Daily Cipher through Telegram by decoding Morse code for rewards.

user avatarNguyen Van Long

Hamster Kombat Daily Cipher Becomes Popular with Players.

chest

The Hamster Kombat Daily Cipher has become a popular event in the play-to-earn gaming sector, attracting thousands of players daily.

user avatarSatoshi Nakamura

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.