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Multi-Chain NFT Solutions Company XP.Network Announces Tezos Integration

Today, XP.network, a company that provides multi-chain support for NFTs, announced an integration with the Tezos blockchain.

With this integration, Tezos will utilize XP.network’s multi-chain bridge into its constantly growing arsenal of features, expanding its reach across the global cross-chain ecosystem.

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This means wider exposure for NFT creators, better liquidity for asset holders, and increased transaction flow for the bridged blockchains. For example, an NFT minted on Tezos can be sent to Ethereum and listed on OpenSea. A move that was not possible – until now.

XP.Network

Today,  XP.network, a company that provides multi-chain support for NFTs, announced an integration with the Tezos blockchain.

With this integration, Tezos will utilize XP.network’s multi-chain bridge into its constantly growing arsenal of features, expanding its reach across the global cross-chain ecosystem.

XP.network has created a multi-chain bridge for NFTs. It tears down the barriers between blockchains, allowing digital assets to flow freely across networks. By doing so, XP.network is building the foundation for a single global NFT market by connecting creators, traders, and owners.

The NFT solution proficient company has set its goal to make digital assets transfers between blockchains easy and accessible. A need proved crucial for this technology to be adopted by a broader range of users.

To achieve that goal, XP.network has created the first multi-chain NFT bridge. A cross-chain solution that enables digital assets to flow freely between chains.

This groundbreaking tool is already being utilized on several NFT platforms and is on its way to turning the entire blockchain ecosystem into the global village it can be.

To use XP.network’s NFT bridge, click here.

Emerging NFT communities on alternative blockchains sometimes shoulder liquidity issues. By being limited to a single chain, promising NFT projects – and NFT holders – may miss out on countless opportunities.

XP.network bridges the gap by making it possible to transfer an NFT between blockchains 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.

For example, an NFT minted on Tezos can be sent to Ethereum and listed on OpenSea. A move that was not possible – until now.

The bridge combines high scalability with superior security. It works by creating wrapped NFTs that preserve the original assets’ metadata without duplicating the assets themselves.

The original NFTs are safely stored in custody and can be restituted to the holder if needed.

Nir Blumberger, CEO of XP.Network commented:

“When we just started our way, XP.network knew that Tezos is a company we want on our side. We believe this ecosystem is the benchmark many blockchains should aspire toward. We are honored and excited to see what the future holds for this partnership.”

XP.network chose to integrate with Tezos because of its industry-leading energy efficiency and constant innovation. As one of the first blockchains to adopt the proof-of-stake consensus method, Tezos has evolved into an increasingly popular alternative to several major POW-based options.

Tezos has created an ecosystem of thriving NFT marketplaces, dApps, tools, and games that offer a wide variety of digital assets with very attractive and affordable fees.

Elie Terdjman, Founder, Tezos Israel added:

“We are very excited about the Tezos integration into XP.network’s bridge. We are very optimistic about their technology, and their diligent development team has ensured that they will be the premier cross-chain bridge.

Tezos Israel had the honor of working with the XP.network team over the past few months in assisting them with this integration. We are looking forward to seeing what’s on the road ahead for Tezos and the XP.network.” 

In 2021, Tezos emerged as the premier blockchain to mint, host, and trade environmentally clean NFTs because of its low energy consumption, fractional gas fees, and institutional-grade security.

Among the brands and organizations working with Tezos are notable brands like The Gap and Ubisoft, NFT platforms like Rarible and OneOf (which boasts artists like Doja Cat, John Legend, Pitbull, and more), and even the Formula 1, Honda, Red Bull, and McLaren racing teams – All of which trust the Tezos platform to build their fan engagement platforms and deliver for their users. 

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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