xp-unique-network

XP.Network partners with Unique Network

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Dismisses notion of blockchain nationstates

XP.Network, the first blockchain agnostic NFT ecosystem, has partnered with Unique Network to offer NFTs without limits.

Currently blockchain ecosystems act like virtual bordered nation states, requiring users wishing to use them to become trapped citizens through wallet section, token choice and rules. There is an arrogance at the heart of many protocols far in excess of function. 

XP.Network enables out of box interoperability for NFTs to cross blockchains. By partnering with Unique Network, both companies can offer the reality of agnostic NFTs linking Ethereum, BSC, Elrond, Polygon, Tron, Algorand, Cardano and many more blockchains.

Nir Blumberger, CEO and Co Founder of XP.Network, sees the lack of interoperability between blockchains as one of the main stumbling blocks – and opportunities in this space.

“We see that many blockchains come with their own unique developer or smart contract language which requires unique resources and developers. It’s a bit like really smart people speaking different languages and not being able to communicate.”

XP.network NFT multi-chain bridge allows to transfer NFTs between 10+ chains, be it Elrond, Ethereum, Unique.Network, Binance Smart Chain. The bridge is accompanied with a JavaScript API library that can be installed with npm or yarn package managers and seamlessly integrated in third party dApps. The library allows to mint NFTs on a blockchain of choice and then transfer the resulting tokens to all the connected networks.

Alex Mitrovich, CEO of Unique Network, welcomes the partnership. “Using XP.Network’s unique approach means we can more quickly secure our vision of unlimited NFTs. People using our network can connect their wallets across a flat ecosystem for all minted entities. This is a game changer.

“Most people don’t care. Most devs don’t care and often work in at least three protocols. Here at Unique we don’t think we are the best, but we do believe we are building something that people want to use.  Welcome to the multichain future.”

The current standards for NFTs, built primarily on the Ethereum network are constrained by an extremely limited feature set, an inherent lack of scalability, and slow network speeds. As more and more people create NFTs (and buy them), it’s essential to improve stability and sustainability on the blockchain so that the future of NFTs is healthy. 

Unique Network, the first NFT chain built for Polkadot and Kusama, is explicitly made to solve the problems by running NFTs on Ethereum. As a fully scalable blockchain for composable NFTs for advanced economies, its technology and infrastructure will provide a sustainable future free of limitations, delays, and the hindrances that plague NFTs today.

Together, the ability to move NFTs across chains will bring depth to the marketplace and enrich communities.

About Unique Network

Unique Network is a foundation for the next generation of NFTs. The NFT chain for Kusama and Polkadot, it offers developers and creators independence from network-wide transaction fees and upgrades. The Unique Network team built Substrapunks, the first NFTs on Polkadot, won Hackusama in 2020, and created Substrate’s pallet for NFTs. Unique Network is launching in summer 2021. 

About XP.Network:

XP.network is an ecosystem centered around a multi-chain bridge for minted NFTs. It tears down the barriers between blockchains, allowing NFTs to flow freely across networks. Connecting dApps, token minters, traders, and owners, XP.network builds the foundations for a single global NFT market. The XP.network bridge solves this issue, making it possible to transfer an NFT from one blockchain to another in seconds at a minimal cost. This means wider exposure for NFT creators, better liquidity for asset holders, and increased transaction flow for the bridged blockchains.