Plasm Network Announces Strategic Partnership with Bondly
Those who attended Plasm’s recent NFT and Interoperable Bridges discussion will have heard Bondly CEO Brandon release a little teaser of an extended partnership between our two leading projects, and we’re excited to announce that the rumors are true!
Bondly will be using Plasm Network to further expand into the Polkadot ecosystem with their upcoming NFT launchpad, the NFT trading platform BondSwap and the upcoming BondProtect. Plasm will also be launching a very special NFT on the Bondly launchpad soon! Stay tuned for more details.
What’s next?
For milestone 1, Bondly will first add the contract on Dusty (testnet), doing a complete stress test to be ready for the second milestone. The Plasm team aims to become one of the first parachains on Kusama with Shiden Network, and this will be milestone 2 in launching Bondly’s services in the Polkadot ecosystem. After the launch on Kusama, Polkadot will be next once Plasm becomes a Parachain on Polkadot.
Bondly strongly supports Plasm’s fair launch policy. The Plasm team will offer Bondly the best infrastructure and support in the Polkadot ecosystem.
“We are very excited to expand our strategic partnership with Bondly,” said Maarten Henskens, Lead Ecosystem Growth at Plasm Network “NFTs have opened new revenue streams and ways of selling to artists and creators. Bondly will have a lead role in creating this bridge! NFTs involve complicated transactions and executions of smart contracts in the minting, bidding, selling, and transferring process, reflected in high gas fees from simple transactions. Deploying Bondly in the Plasm ecosystem will reduce those fees tremendously.”
“Expanding our partnership with Plasm Network is a significant step in our growth and progression into the Polkadot ecosystem,” said Brandon, CEO, Bondly. “Our integration on the Plasm Network will allow us to bring new levels of functionality and service for our community and platforms, including BondProtect and our upcoming NFT launchpad.”
Let’s have a closer look at Bondly’s products.
Bondly’s NFT Launchpad
What is the NFT LaunchPad?
The NFT LaunchPad, powered by BondSwap, serves as a proven model for Bondly’s partners to gain traction, grow revenue, and secure a foothold in the NFT space. Once the initial onboarding is completed, the NFT LaunchPad allows partner projects to use Bondly’s infrastructure and networks as a foundation for other verticals such as music, collectibles, game royalty NFTs, and more.
Example launches on the NFT Launchpad:
NFTswap
Bondly’s NFT Swap platform is a trustless OTC trade (Over The Counter) process featured on BondSwap.
With NFT Swap, users are able to list their NFTs for sale or trade directly to another user.
NFT Swap allows you to trade:
- NFT(s) for NFT(s)
- NFT(s) for Crypto
- And even NFT(s) for ‘NFT(s) + Crypto’ !
Users are able to browse a library of listed NFT assets that are up for sale, trade, etc. Buyers are also able to engage in trades that have been predetermined by those selling their NFT assets. Try it now at https://bswap.app/swap.
BondProtect
BondProtect is a decentralized escrow and buyer protection for customers of crypto-friendly marketplaces. BondProtect will have a similar user experience to Zapper.Fi that will pull vendor on-chain activity and history into one place across Ethereum and Polkadot so that users can see their status and history.
With BondProtect you can:
- Give more trust to your buyers that you will provide the purchased asset in a timely fashion.
- As a buyer, you can request sellers to use this method, so you have more trust.
- Sell an asset via OTC that you do not have yet (e.g., waiting for vesting) by staking collateral in the Bondly network.
- Set up recurring payments from individuals to vendors that can deduct from your account every month, similar to a Netflix subscription completely crypto enabled.
About Bondly
Bondly is an interoperable, transparent, and portable swap protocol designed to revolutionize traditional escrow methods that empower the next generation of NFT creators. Bondly’s vision is to use arts, games, anime, music and brands based NFTs to bridge non-crypto audiences to join the crypto world while providing decentralized finance.
About Plasm
Plasm Network is a multi-chain dApps hub on Polkadot that supports Ethereum and layer 2 solutions like ZK Rollups. Plasm aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines like EVM and WASM.
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