Unique Network, a non-fungible token chain for Polkadot, and NFT protocol RMRK announced today that they are partnering on expanding the functionalities of NFTs across blockchains.
Fast Facts:
- Their first collaboration — a merging of the Substrate-based Chelobricks NFT collection with the Kusama-based Kanaria NFT collection — features the first cross-chain NFTs with composable functionality and evolving traits, according to a statement. Holders of Chelobrick NFTs who buy a Kanaria egg NFT will have NFTs that will be able to interact with each other, be upgraded and be governed by decentralized autonomous organizations.
- “This partnership demonstrates the power of composable, forever-liquid, multi-resource NFTs which don’t just stay in your wallet until the next NFT hype makes them popular, but grow their liquidity and utility well into the future,” said RMRK founder Bruno Skvorc in a statement. “They do this by being expandable with new looks, and new applications for NFT projects that hadn’t existed when they were originally minted … We are successfully demonstrating the first cross-project NFT integration, an item set shareable and usable by two unrelated NFT collections.”
- “While NFTs may look like a standalone wave that has seen eye-popping trades, the growth comes on the back of a rapid rise in overall blockchain space and use cases,” Alexander Mitrovich, Unique Network’s CEO, told Forkast.News. “We are not very concerned about the current dip in NFT trades as we are believers of the web 3.0 evolution. And if you look at what’s needed for web 3.0 to be successful, NFTs are one of the core building blocks because unique asset classes are yet to be tokenized, we’re only in the beginning phases.”
- Mitrovich added that he had been seeing “deep interest” in Korea and Vietnam thanks to their large crypto and gaming communities. “We are also working with gaming and media developers across the Asian region on interesting projects,” he said. “Asia will continue to remain an important region for us.”