• 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

9 months 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.

Other news

Crypto Market in Q3: XRP, Avalanche, and MAGACOIN FINANCE Analysis

chest

Overview of the crypto market in Q3: analysis of XRP, Avalanche, and MAGACOIN FINANCE.

user avatarGiorgi Kostiuk

Integration of Solana into 1inch Wallet: New DeFi Opportunities

chest

1inch Wallet adds Solana support, improving token management and expanding DeFi opportunities.

user avatarGiorgi Kostiuk

XRP Rally Expected Between August and September 2025

chest

Analysts indicate that XRP's price will remain stable until full integration of Ripple technologies occurs.

user avatarGiorgi Kostiuk

Apple in Talks with Anthropic and OpenAI to Modernize Siri

chest

Apple may replace its AI models with third-party solutions, exploring partnerships with Anthropic and OpenAI to enhance Siri.

user avatarGiorgi Kostiuk

XRP: Price Prediction Amid Uncertainty and Rising Active Addresses

chest

XRP's price is at a pivotal level for significant changes. Increased retail trader activity and whale uncertainty amplify volatility.

user avatarGiorgi Kostiuk

Saylor and Lummis Demand End to Double Taxation on Bitcoin Miners

chest

Saylor and Lummis urge the elimination of double taxation for Bitcoin miners, potentially boosting US competitiveness in the crypto industry.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.