• Zilliqa (ZIL) to have its own NFT marketplace

  • Switcheo Network, a second layer interoperability platform, shared details of the launch of a marketplace for non-forgeable tokens (NFTs) on ZilSwap.

    The excitement for NFT outpaced that of Ether (ETH) and Switcheo launched the marketplace on Zilliqa (ZIL).

    According to an official announcement shared on Switcheo Network’s blog, the versatile platform for minting, storing and trading uncounterfeitable tokens will launch on Zilliqa (ZIL).

    In partnership with ZilSwap, a Zilliqa-based decentralized financial hub, Switcheo Labs, will release a “more inclusive and accessible NFT ecosystem.”

    The upcoming marketplace will be interoperable with Ether (ETH) thanks to the new cross-chain bridge offered by the Switcheo network. As a result, existing Ethereum-based NFT initiatives will be able to migrate to Zilliqa.

    The Switcheo Network team is confident that this release will be an important milestone in the development of the digital collectibles space and Zilliqa (ZIL).

    As a platform fully capable of capturing a large portion of the NFT space, the new marketplace will help further strengthen ZilSwap’s position as the premier platform on Zilliqa.

    A limited series of NFTs is being launched to mark this milestone, and more details about the upcoming release will be revealed soon.

    To celebrate this release, a limited edition NFT collection of Bears will be released on September 15, 2021. In addition to the market launch, this release will mark the one year anniversary of ZilSwap.

    Trading on Zilliqa (ZIL) was stuck on August 30 due to unexpected issues with the main network upgrade.The Zilliqa (ZIL) team has released a recovery plan and claims that all losses will be compensated.

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