Zilliqa (ZIL) to Launch Its Own NFT Exchange

NFT Enthusiasm Surpasses Ethereum (ETH), Zilliqa (ZIL) Plans To Launch Its NFT Exchange

According to an official statement on the Switcheo Network's blog, the multi-purpose platform for minting, storing, and trading non-fungible tokens (NFT) exchanges will be introduced on Zilliqa (ZIL).

Switcheo Labs will produce a "more inclusive and accessible NFT environment" in collaboration with ZilSwap, a Zilliqa-based decentralized financial hub.

Because of a new cross-chain bridge powered by the Switcheo Network, the future marketplace will be compatible with Ethereum (ETH). Existing Ethereum-based NFT efforts will be able to move to Zilliqa as a result.

The Switcheo Network team is certain that this launch will be a watershed moment for both the digital collectibles industry and the Zilliqa (ZIL) project:

"As a platform well-positioned to grab a substantial piece of the NFT sector, the new marketplace will amplify ZilSwap's position as the leading platform on Zilliqa."

To Celebrate The Occasion, A Limited-edition NFT Collection Was Set Up

More information about the planned release will be made available shortly.

The Bear Market limited NFT collection will be released on September 15, 2021, to commemorate the debut. This version will also mark the first anniversary of ZilSwap, in addition to the marketplace's debut.

As previously reported, Zilliqa (ZIL) transactions were delayed on August 30 owing to unanticipated problems with the mainnet upgrade. 

The Zilliqa (ZIL) team announced the recovery plan, claiming that all damages will be restored.

The Upcoming PolyNetwork Bridge Support From Zilliqa Is Exciting

The Poly Network platform, which supports Zilliqa as well as many other blockchains, is a decentralized trade across different chains. 

Zilliqa's major emphasis is the bridge between ZIL and ETH, as the latter is the largest blockchain.

Zilliqa was originally an ERC-20 token, and users who missed the initial switch to the mainnet will be able to swap again due to PolyNetwork. 

ZIL will be linked to other blockchains such as Binance Smart Chain, Neo, and others.

The bridge will increase liquidity in Zilliqa and provide more avenues for investors to acquire digital assets.