• 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

Tether Leads $1 Billion Investment Round in Neura Robotics

chest

Tether is reportedly leading a $1 billion investment round in Neura Robotics, a German AI robotics firm, highlighting the intersection of cryptocurrency and AI robotics.

user avatarTando Nkube

Decred Posts Largest Gain While SOON Records Steepest Decline

chest

In the past 24 hours, Decred (DCR) posted the largest gain among major cryptocurrencies, surging by 31.19%. Conversely, SOON (SOON) recorded the steepest decline, dropping by 8.85%.

user avatarKofi Adjeman

Ethereum Price Stability Amid Heavy Selling

chest

Ethereum price remained around $3,200 despite significant selling from Binance and BlackRock, indicating strong buyer interest.

user avatarNguyen Van Long

Coinbase and BVNK End $2 Billion Stablecoin Acquisition Talks

chest

Coinbase and BVNK mutually end discussions over a $2 billion acquisition during due diligence.

user avatarSatoshi Nakamura

SoFi Technologies Becomes First Nationally Chartered Bank to Launch Crypto Trading

chest

SoFi Technologies becomes the first nationally chartered bank to launch crypto trading services, offering options for Bitcoin, Ether, and other tokens.

user avatarJesper Sørensen

XRP's Valuation Rises Amid Exchange-Traded Fund Speculation

chest

XRP's valuation has increased by 66% due to speculation around exchange-traded funds and legal uncertainties.

user avatarLucas Weissmann

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.