Genesis Shards Goes Live on Multi-Chain NFT Shop of NFTrade
Today, NFTrade, in association with Genesis Shards, launched a new feature called ‘NFT Shops’, which enables projects and creators to assemble their collectible NFTs in one place so that users can swap, sell, browse, and buy these. This is irrespective of the NFTs being on multiple local blockchains. This has been done to provide value additions to the end-users and the project development cohorts. Currently, NFTs are distributed and separated from one another without any correlation to their properties. NFT Shops can be considered similar to Shopify, where different NFTs are aggregated in a digital store regardless of their individual properties.
Verifying digital assets is an important element in NFTs. The Genesis Shards NFT Shop makes this possible by storing and transacting cryptocurrencies and pre-IDO tokens within NFTs, thus creating a new means for these properties. Unreal Finance, CoinBurp, and Mozik are the projects for which Genesis Shards have launched NFTs. As a result, users can swap, sell, or buy these NFTs assimilating various local tokens. Now an NFT from a particular project can be brought directly into one location with NFT Shops which simplifies the involvement of traders with these fast blossoming properties.
Polkadot powers the decentralized ecosystem of Genesis Shards, which has changed the nature of NFTs as DeFi options. With this, pre-IDO tokens have interchain liquidity in a permissionless surrounding. Genesis Shards has created a new market for previously illiquid tokens by shifting time-bound fungible tokens into NFTs. One of the first blockchain-agnostic and cross-chain NFT platforms is NFTrade. Hosting the entire NFT lifecycle together and being an assimilator for all NFT marketplaces, NFTrade allows anyone interested in these assets to farm, swap, sell, buy, create, and control NFTs across various blockchains. One can use NFTrade to get access to the entire range of their NFT and unlock the entire value of the NFT market.