XP.Network joins the Tezos ecosystem as an enterprise baker
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XP.Networkcreator of the NFT cross-chain platform that supports more chains than any other NFT protocol, has officially announced plans to expand its involvement in the Tezos ecosystem as a corporate baker. XP.Network will now validate transactions and add them to the Tezos blockchain.
XP.Network created the first multi-chain NFT bridge
XP.Network has created a multi-chain bridge for NFTs. It breaks down barriers between blockchains, allowing digital assets to flow freely across networks. In doing so, XP.Network lays the foundation for a unified global NFT marketplace, connecting creators, merchants and owners.
Emerging NFT communities on alternative blockchains sometimes face liquidity issues. By being limited to a single chain, promising NFT projects – and NFT holders – can miss out on countless opportunities. XP.Network bridges the gap by allowing an NFT to be transferred between blockchains in seconds at minimal cost. This means greater exposure for NFT creators, better liquidity for asset holders, and increased transaction flow for bridged blockchains. For example, an NFT minted on Tezos can be sent to Ethereum and listed on OpenSea. A move that was not possible…until now. Since February, XP.Network has successfully linked Tezos NFTs to blockchains like Ethereum, Polygon, Avalanche, Elrond, Fantom, Binance Smart Chain and many more.
Nir Blumberger, CEO of XP.Network, said:
“When we just started our journey, XP.Network knew that Tezos is a blockchain we want on our side. We believe this ecosystem is the benchmark that many blockchains should aspire to. We are excited to see what the future holds for this partnership.
Tezos is a layer 1 blockchain protocol offering on-chain governance, self-scaling, secure smart contract development, low transaction fees, and an eco-friendly validation system known as Liquid Proof- of-Stake. Tezos has had 8 seamless network upgrades in the past four years by allowing each bakery (validator) to vote on protocols. Tezos has a thriving NFT ecosystem with hundreds of thousands of NFTs minted and over 51 million contract calls made. Reliable energy efficiency, hitting an NFT on Tezos is as much energy as less than 7 seconds of an LED while on Ethereum it would cost the monthly electricity of an American household.
XP.Network chose to become a Tezos enterprise baker to get more involved in the ecosystem. Tezos is industry leading, energy efficient and constantly innovating. As one of the first blockchains to adopt the proof-of-stake consensus method, Tezos has become an increasingly popular alternative to several major POW-based options. Tezos has cultivated an ecosystem of thriving NFT marketplaces, dApps, tools and games that offer a wide variety of digital assets with very attractive and affordable fees. It is for these reasons that XP.Network is proud to become a corporate baker.
Elie Terdjman, founder of Tezos Israel, said:
“XP.Network is an exciting cross-chain NFT platform and we are delighted to welcome them to the Tezos baking community. They will be a strong pillar and tool for the Tezos ecosystem and we know that their dedication, enthusiasm and their skills will drive the future growth of the Tezos and XP.Network ecosystem.
The NFT solutions proficient company has set itself the goal of making transfers of digital assets between blockchains easy and accessible. There was a critical need for this technology to be adopted by a wider range of users. To achieve this goal, XP.Network created the first multi-chain NFT bridge. A cross-chain solution that allows digital assets to flow freely between chains. This revolutionary tool is already in use on several NFT platforms and is poised to transform the entire blockchain ecosystem into the global village it can be. To use the XP.Network NFT Bridge, click here.
Tezos is smart money, redefining what it means to hold and trade value in a digitally connected world. A self-scaling, energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly embraces tomorrow’s innovations without network disruption today.
Tezos Israel is a Tel Aviv-based blockchain innovation lab focused on onboarding, education, and developing practical use cases for Tezos and the broader Israeli tech ecosystem.
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