• 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

DHS Investigates Bitmain Over Security Concerns

chest

The US Department of Homeland Security is investigating Bitmain over concerns regarding remote access to its machines.

user avatarGustavo Mendoza

China's Bitcoin Mining Activity Increases Amid Ban

chest

China's Bitcoin mining activity has increased slightly, leading to discussions about relaxing the mining ban, despite skepticism from experts.

user avatarMaria Fernandez

Bitcoin Difficulty Adjustment Set to Increase

chest

The Bitcoin network is preparing for a difficulty adjustment at block 927,360, which will raise the target from 149 trillion to nearly 150 trillion.

user avatarRajesh Kumar

Ethereum Approaches Critical Resistance Zone

chest

Ethereum is approaching a significant resistance level between 3,200 and 3,250, which could influence market direction.

user avatarMiguel Rodriguez

Treasury Sector Faces Challenges Amidst Premium Collapse

chest

The treasury sector is facing significant challenges due to the collapse of premiums for public Bitcoin treasury firms, which have dropped from 200%-700% above Bitcoin's value to just 4% as of late 2025.

user avatarLuis Flores

Emergence of FEELSGUY as a New Meme Coin Contender

chest

The community-driven token FEELSGUY is gaining attention as a potential successor to WOJAK, leveraging its authentic narrative and cultural roots.

user avatarMaria Gutierrez

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.