Access the $7.5 Billion NFT Ecosystem
**XP.NETWORK Expands Hedera NFT Interoperability Across 30+ Blockchains**
The XP.NETWORK platform recently achieved a major milestone by expanding the interoperability of Hedera’s NFTs across more than 30 blockchains. This strategic move aims to enhance cross-chain collaboration and provide access to a global marketplace for NFTs, including prominent platforms like Ethereum, Polygon, and Solana.
**Global Interoperability**
XP.NETWORK’s latest feat involves facilitating the trade and transfer of Hedera NFTs on more than 30 blockchains, effectively connecting the Hedera ecosystem to a global cross-chain marketplace valued at $7.71 billion. This integration opens up new opportunities for projects and collectors by improving interoperability, exposure, liquidity, and scalability.
**Interoperability for the Future**
One of the key benefits of this collaboration is the ability to trade and transfer Hedera NFTs across various blockchains integrated by XP.NETWORK. This advancement allows projects and collectors to access a global marketplace, enabling the inclusion of Hedera-built projects on renowned platforms like OpenSea, a leader in global NFT trading.
**Cross-Chain Collaborations**
In addition to enabling the trade and transfer of Hedera NFTs, the integration allows Hedera platforms to interact with NFT collections on other chains such as Bored Apes Yacht Club and Crypto Punks. This fosters exchanges within the Hedera ecosystem and strengthens collaboration between projects, leading to increased exposure and visibility.
**Improved Liquidity and Exposure**
The expansion of Hedera’s native NFTs to more than 30 chains provides increased capital potential and demand, benefiting creators, collectors, and projects within the Hedera ecosystem. This increased liquidity offers opportunities for projects based on Hedera NFTs to scale their success to other protocols.
**Scaling in Both Directions**
Furthermore, projects based on NFTs on Hedera can now expand their success to other protocols, while dApps from other networks can offer services on Hedera, creating a unique bi-directional scalability system. This opens up new avenues for growth and collaboration within the NFT space.
**Bridge Operation**
The process of using the bridge involves each collection locking into a contract deployed on the native chain to retain outbound NFTs. When sent to another foreign chain or back to the originating native chain, the encapsulated NFTs are burned and re-signed on the new destination chain.
**Benefits for Hedera NFT Collectors**
As a result of this integration, the Hedera community now represents a new marketplace for non-native NFT projects, allowing them to explore new users and use cases for their products. It also provides an opportunity for mainstream projects to find a place within the Hedera ecosystem.
The integration of XP.NETWORK has opened new doors for the Hedera ecosystem, allowing projects and collectors to connect more broadly and explore opportunities in a global marketplace of NFTs. This development marks a significant milestone in Hedera’s evolution as a leading force in the cryptocurrency and NFT space.
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