DEIP-Aurora partnership to advance NFT technology and Web3 adoption
The next level for NFT tech brings fractionalization and time-related NFTs to EVM, plus rapid deployment via Web3 constructor, Casimir.
Aurora and DEIPs partnership will bring upgraded NFT standards specifically developed for the creator economy to Aurora’s Ethereum Virtual Machine chain, with integration to Casimir: a Web3 modular constructor in DEIP’s ecosystem. The partnership will boost efforts for a multichain infrastructure for tokenized intellectual assets and bring about a new standard for cross-chain transactions.
One of the main issues that blockchain platforms are trying to resolve is information silos. But the technology employed in many of the blockchains out there is incompatible with other chains, causing vendor lock-in: ironically, an information silo. Use of virtual machines with Ethereum (EVMs) has been the way to combat cross-chain incompatibility and link up with the most popular blockchain platform.
While DEIP has been creating its technology with compatibility in mind, having such a strong partner such as Aurora to introduce the new NFT technology opens a pathway that will facilitate faster adoption. In addition to all the features of current NFTs, DEIP’s NFT 2.0 technology offers fractionalized NFTs (F-NFTs), NFTs which can be destroyed/activated at a specific time period, in addition to other features to be announced soon.
The partnership between DEIP and Aurora to integrate NFT 2.0 is boosted by the companies agreeing to integrate with Casimir: a modular Web3 constructor in DEIP’s ecosystem. Use of the constructor will increase delivery time by simplifying development. Casimir allows you to create Web3 products which implement NFT 2.0 technology to tokenize intellectual property; bundling and fractionalizing their ownership and governance.
Integration will allow people who are building Web3 products with Casimir immediate access to end users on the Aurora chain. Moreover, the partnership and integration of Aurora will bring more liquidity for the assets created within DEIP protocol by creators.
“ We are excited to partner with Aurora and to start expanding our protocol to EVM-specific chains. The future is multi-chain and expansion of a decentralized creator economy will start from integration of DEIP and Aurora on top of the default interoperability we have with NEAR and Octopus Network,” said Alex Shkor, CEO of DEIP.
“We are excited to partner with DEIP to bring the NFT 2.0 standard to EVMs and proud to be the first EVM to have this standard. Cross-chain NFT transfers are critical for the infrastructure, and we believe this partnership will add great value for creators and the ecosystem in general,” added Alex Shevchenko, CEO of Aurora.
