Moonbeans Integrates Composable’s Mural Bridge
Composable Finance’s goal has always been to leverage its robust tech stack to create a plethora of solutions that will advance the mainstream adoption of decentralization and Web3. We have remained true to this goal, and our work in the DeFi scene thus far speaks for itself. The team at Composable Finance recently announced Mural, our new NFT cross-layer transferral solution. In just less than a week, we are pleased to announce that Moonbeans will be integrating Mural into its platform.
Mural — boundless creativity for NFTs
NFTs have transcended the niches of digital art in the decentralized economy. They are “non-fungible” in that they are unique forms of digital assets, with each NFT holding a distinct set of properties.
Although NFT’s have garnered mainstream adoption across various industries ranging from Arts, Sports, Entertainment and even Social media, their use-cases have been under-utilised or are yet to be fully realised due to incompatibility amongst chains. In order to tackle the lack of interoperability in the NFT space, we have introduced Mural, a powerful bridge that directs seamless transferral of NFTs across different chains and layers. Mural leverages Mosaic’s chain and layer agnostic bridging technology, also, prepared to be a part of the underpinning infrastructure of the metaverse.
Mural is our NFT transferral solution, designed to help NFT creators and collectors express themselves beyond current constraints and further explore the burgeoning NFT space.
Moonbeans expands the Dotsama ecosystem
Moonbeans is one of the fastest-growing NFT marketplaces on Moonriver, offering a central platform for digital creators and NFT enthusiasts to create, buy, sell, and trade their NFTs. With this integration, Moonbeans aims to broaden the reach of its market platform, allowing users to move and sell their NFTs on layers other than the Moonriver network, such as Polygon(Matic) and Arbitrum. Furthermore, minting NFTs on Moonriver is significantly cheaper than on ETH for example, meaning that the integration of Mural within Moonbeans will create a much more accessible platform for artists, whilst still giving them the option of selling their NFTs on other chains and layers.
Moonbeans’ incorporation of the Mural bridge allows metaverse and gaming projects built on Moonriver to incorporate other ecosystem NFT collections, thereby expanding collaboration and community interactions beyond Dotsama native projects. Going forward, Moonbeans will also look to integrate with Mosaic — Composable’s asset transferral solution, which will serve as a bridge between Moonriver and other chains, including Arbitrum, Polygon, Fantom, and Avalanche C-chain, providing users another option to bridge their tokens to the Moonriver network.
About Composable Finance
Composable Finance is building the core infrastructure that will play a key role in empowering DeFi to deliver on its undeniable potential, offering an arsenal of tools that allow for the seamless interaction of L1 blockchains and L2 scaling solutions.
