Switcheo Network, a platform for second-layer interoperability, announces the introduction of the ZilSwap marketplace for non-fungible tokens (NFTs).
The enthusiasm surrounding NFT has outgrown Ethereum (ETH), and Switcheo has launched a marketplace on Zilliqa (ZIL) According to the official statement on the Switcheo Network’s blog the multi-purpose platform for minting, storing, and trading non-fungible tokens are poised to launch on Zilliqa (ZIL).
Switcheo Labs will create a “more inclusive and accessible NFT environment” in collaboration with ZilSwap, a Zilliqa-based decentralized finance hub.
Due to a revolutionary cross-chain bridge powered by the Switcheo Network, the next marketplace will be interoperable with Ethereum (ETH). As a result, existing ethereum-based distributed ledger technology (DLT) efforts will be able to move to Zilliqa.
The Switcheo Network team is confident that this launch will serve as a watershed moment for both the digital collectibles field and the development of Zilliqa (ZIL):
As a platform well-positioned to grab a sizable share of the NFT industry, the new marketplace will further solidify ZilSwap’s position as the leading platform on Zilliqa. A limited-edition NFT collection has been launched to honor the occasion.
Additional information about the impending release will be revealed shortly. On Sept. 15, 2021, The Bear Market special NFT collection will be launched to commemorate the occasion. Apart from the marketplace’s launch, this release will mark ZilSwap’s one-year anniversary.
On Aug. 30, Zilliqa’s (ZIL) transactions became stalled due to unanticipated complications with the mainnet upgrade. The Zilliqa (ZIL) recovery plan was released, claiming that all losses will be repaid.
Also Read: Oil Producers And Bitcoin Miners Convene In Texas
Wallets