Plasm Network & Shiden Network Partner With

The NFT circuit quickly garners global exposure with names like Stake Technologies and joining hands. Stake Technologies, one of the names behind Shiden Network and Plasm Network, is now entering a partnership with the biggest Japanese NFT content creator.

How did the Partnership Occur?

Despite the market being filled with numerous blockchain networks, names like Kusama and Polkadot stand out. The reason behind their uniqueness is simple; they focus on interoperability, which is the future of blockchain.

Both networks can only support NFTs and smart contracts with the help of a parachain that supports the tools. Parachain can be defined as a blockchain network that connects to multiple networks and manages different procedures.

Shiden Network/Plasm Network or simply Plasm supports several VMs, and EVM is one of them. By integrating Plasm, can enter the Polkadot community economically. On the other hand, seems a reasonable choice for Stakes technologies due to the prevalence NFTs garner in Japan. The nation is the hub for anime and gaming culture, making NFTs an unprecedented phenomenon.

Joining, an esteemed company with a proven history in the NFT circuit, Stakes Technologies can quickly enhance its proceedings. The NFT creator has joined hands with multiple games and IP companies, while their NFT games have placed first in transaction volume and DAU.

Offering Rewards

Plasm contains a native mechanism named dApps rewards that shares 50% of the block rewards with dApps developers. It allows users to co-create content that can benefit both parties.

The reward system made chooses Plasm. Now dApps nominators can stake SDN or PLM in’s smart contracts. This will allow both parties to earn block rewards, making it a viable choice for every user.

Sustainability is a Key Factor

Plasm and has worked on multiple projects to address environmental concerns regarding blockchain use. is attempting to reduce the use of proof-of-work mechanisms to score sustainability in the NFT sector. 

The recently-formed partnership is a testament to the commitment. Polkadot and Plasm use the NPoS (Nominated-Proof-of-Stake) method to operate the network instead of using electricity to protect the network. The approach uses significantly less energy than Bitcoin or Ethereum.

What About the Future? aims to deploy numerous NFT-based content on Plasm. Using the cross-chain bridges and scaling services offered by Plasm, will improve its UX, global reach, and multi-chain adoption. After Shiden Network gets a hold of the Kusama Parachain slot, gaming projects running on MCH+ by can use Shiden Network.

Stakes Technologies and joining hands open the Pandora box of opportunities for NFT users globally. By using Plasm, can easily enter the Polkadot community economically. Similarly, Plasm can enhance its NFT proceedings using’s experience and knowledge.

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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