Launch of NFT by Switcheo Labs and Zilliqa Creates Push in Industry

Working as a powerful software development platform devoted to creating decentralized and blockchain projects, Switcheo Labs has proudly announced the launch of a new dedicated NFT marketspace on ZilSwap, the DeFi cluster curated by Zilliqa. 

Zilliqa is the first public blockchain network that facilitates sharding on its mainnet while delivering high standards of safety, security, and transparency to individual traders and firms. The NFT marketplace will be a lucrative treat for all NFT fans, collectors, and artists operating on the Zilliqa hub. 

The craze for Non-fungible Tokens (NFTs) has grown significantly in recent years as firms from different domains have started stepping into the industry. Renowned firms, personalities, and brands are showing keen interest in the NFT sphere to reap the benefits of its growing popularity. Interestingly, a major share of the current NFT sector is largely dependent on Ethereum, making other firms struggle for sustenance. The expert Zilliqa team sensed this scarcity in the market and decided to come up with a revolutionary NFT marketspace. 

To celebrate this partnership, Switcheo Labs and Zilliqa will unveil a commemorative NFT collection called ‘The Bear Market.’ The launch depicts the long-term bonding of the collaboration between teams. The NFTs shall be available for the public on September 15, 2021. Zilliqa runs its ecosystem on the native token called ZIL. Those willing to invest in crypto can look for ZIL price prediction on reliable crypto news platforms. 

For the unversed, ZilSwap holds a majority share of DEX customers within the cluster. The partnership between ZilSwap and Switcheo Labs will help them to strengthen their hold in the market space. This will help Zilliqa to capture a wider class of users to sustain as a dominating power in the NFT cluster. In the coming time, Zilliqa and Switcheo Labs will introduce a cross-chain link that will enable NFTs on Ethereum to be connected over to Zilliqa and vice versa. The teams will work together to make the NFT space more welcoming for new economies and investors.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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