XP Network Collaboration with Fantom Network
XP Network collaboration with Fantom Network. With XP.NETWORK, you can safely and cheaply bridge NFTs between any two supported networks: Ethereum, BSC, Polygon, Elrond, Aurora, Tron, Avalanche, Velas, Gnosis, and many others. For example, you can mint a collectible on a low-cost chain like Fantom and send it to Ethereum to list it on OpenSea. This is particularly valuable for independent artists who want to mint their works on their own and then sell them, rather than depend on OpenSea’s ‘lazy mint’ algorithm. And now announcing XP Network collaboration with Fantom Network.
Out of the most popular NFT projects on Fantom, at least two have branched over from other chains: BitUmans and Pumpkittens. As more Ethereum-based projects discover the potential of Fantom, they will be able to benefit from the XP.network bridge to bring their assets over — as Drifters have just done, using our Ethereum-Elrond link.
By the way, XP.NETWORK is the only NFT bridge that links EVM-based chains with several non-EVM networks, such as Elrond and Tezos.
Fantom: the spookiest chain
In the rankings of the largest blockchains by DeFi TVL, Fantom occupies the 7th place with $4.15 billion — just below Tron but above Polygon.
There are good reasons why it’s so popular:
- Fantom’s time to finality (the time needed to completely confirm a transaction) is below 1 second. This is lower than on Solana, BSC, and other major networks.
- The average transaction fee is around $0.01. This is less than on BSC and Avalanche — and many times less than on Ethereum, obviously. When it comes to minting NFTs especially, the difference in fees between Ethereum and Fantom is dramatic.
- A huge ecosystem. You can find everything on Fantom — trading platforms, yield farming, and staking, autocompounders, games, and, of course, NFTs.
XP Network
XP.network is a platform to experiment with and deploy NFT DApps on different chains including Facebook’s Diem, Polkadot, Ethereum, and more.
Fantom
Fantom is a network of blockchains that provides ledger services to businesses and applications. Fantom is powered by Lachesis, an advanced DAG-based aBFT consensus algorithm. Blockchains built on Fantom are fast, secure, and highly scalable.
These features allow organizations, businesses, and individuals to develop decentralized applications that can be used in the real world, across a wide range of industries.
