Details about Zilliqa's DeFi ecosystem ZilSwap, which will host "the OpenSea of Zilliqa."
Switcheo Network, a second-layer interoperability platform, has announced the launch of ZilSwap's non-fungible token (NFT) marketplace.
Switcheo opens Zilliqa marketplace as NFT euphoria outgrows Ethereum (ETH) (ZIL). The multi-purpose platform for minting, storage, and trading of non-fungible tokens is scheduled to launch on Zilliqa, according to an official announcement (https://blog.switcheo.network/creating-the-opensea-of-zilliqa/) released on the Switcheo Network's blog (ZIL).
Switcheo Labs is releasing a "more inclusive and accessible NFT environment" in collaboration with ZilSwap, a Zilliqa-based decentralized finance hub.
Because of a revolutionary cross-chain bridge powered by the Switcheo Network, the next marketplace will be compatible with Ethereum (ETH). Existing Ethereum-based NFT projects will be able to transition to Zilliqa as a result.
The Switcheo Network team is confident that this launch will be a watershed moment for both the digital collectibles industry and the progress of Zilliqa (ZIL):
The new marketplace will help to further solidify ZilSwap's position as the leading platform on Zilliqa, as it is well-positioned to capture a major piece of the NFT space.
To mark the occasion, a limited-edition NFT collection was launched.
Soon, more information about the planned release will be made available.
The Bear Market limited NFT collection will debut on September 15, 2021, to commemorate the launch. This release will also commemorate ZilSwap's first anniversary, in addition to the marketplace's inception.
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