NFT Exchange with an Excellent Cross-Chain Bridge — Teleporting your NFTs is no Longer a Difficult Task

Non-Fungible Tokens, the modern-day concept whose potential is gradually being acknowledged by people all across the globe, is undoubtedly a boon for the planet. The emerging ecosystem at an exponential rate has made NFTs a natively disruptive technology for the creators and artists worldwide as they refashion the prevailing financial status quo and transform the way of recognizing the fabulous masterpieces of the creators.

Blockchain is an impressive technology that powers non-fungible tokens. As the number of networks supporting NFT grows, they seem to largely cut off from each other, resembling islands with their indigenous communities. Each network has its own features and standards to operate. The audience as a whole researches the privileges of the network and makes their decision in preferring the network.

So you may wonder, it’s all good and what is the problem with this? Well, let me explain.

Cross-Chain Bridge and its Necessity:

Let us consider purchasing an NFT from the Ethereum mainnet. As the days pass, you wish to bring it to the Binance Smart Chain. Is that even possible?

Here’s where the cross-chain bridge comes into the picture.

It is a bridge that connects two different networks and permits the transfer of tokens/data between them. Even though the networks have their own protocols, the bridge bestows a compatible solution to communicate securely on both sides. To make it even simple, similar to a bridge in our real world, a blockchain bridge establishes a connection between two distinct places and makes it feasible for the resources and traffic to pass by.

We can hear the question wandering over your head — Why do you want to move it to the other chain?

Well, the imperative reason for this teleportation is to ensure scalability and connectivity.

Usually, when a Bitcoin is to be transferred to the Ethereum network, it will be wrapped and bridged to the network, which makes the newly minted BTC available to any of the DeFi protocols. Instead of this wrapping process, cross-chain bridges offer interoperability between the prominent blockchain networks. And, guess what? This enhances the mass adoption of cryptocurrencies in the sphere.

Cross-chain NFT Teleport:

The concept of teleporting between the network is now applicable to even non-fungible tokens. Impressive, isn’t it?

Here’s what it provides.

• Move your NFTs to your desired blockchain networks.
• Make the NFTs accessible to all the marketplaces with the cross-chain portal.
• Facilitate cross-chain auctions and sales.
• Establish direct NFT swaps between users.
• The royalties will be intact with the NFTs even if the network is changed.
• Sell your NFTs on all the marketplaces featuring prominent blockchain networks.

How does it work?

Consider, you have an NFT in your Metamask wallet, which is of the Ethereum network. On a wish to teleport it to some other network, say, Binance Smart Chain, here’s how it works.

• Connect the wallet to our NFT exchange platform
• Choose the current network of your NFT.
• Fund your wallet and ensure it can handle transactions along with gas fees.
• The successful connection of the wallet will enable you to see all your NFTs available in the chosen network.
• Choose the NFT you wish to teleport.
• Prefer the destination network, say BSC.
• Grant the permission and approve the transaction in the MetaMask wallet.
• Once the transaction is completed, give the confirmation to teleport in the platform.
• Now, switch the MetaMask network to the Binance Smart Chain.
• Now the platform shows the same NFT in the BSC network.
• Here’s the last step!
• The transaction will remain incomplete until and otherwise, you claim the NFT.
• So claim the transferred NFT to complete the teleportation.

That’s it. You are done!

The NFT is transferred from the Ethereum network to the Binance Smart Chain network instantly without any complex procedures. And, all you have to thank is the new innovation in the NFT Exchange platform.

“Indeed the best cross-chain bridge for NFTs!”