1/ The Interchain’s #NFT capabilities open up whole new opportunities for #IBC developers and users.
Let's see what’s possible with Interchain NFTs👇
2/
Interchain NFTs were developed by Bianjie, long-term contributors to the @Cosmos and @IrisNetwork ecosystems.
#NFT transfers leverage the Cosmos SDK NFT module (x/nft), a native module that allows users to conduct NFT-related queries and build NFT applications.
3/ The newly released Interchain NFT Standard (ICS-721) is an application-layer protocol allowing NFT interoperability between IBC-enabled chains. Cosmos SDK chains and @CosmWasm chains are both supported.
4/ ICS-721 is compatible with existing standards including the ERC721 standard, and has several powerful functions including ownership tracking and batch operation.
5/ Through ICS-721, ownership of Interchain NFTs can be preserved without reminting, and no additional permissioning is needed.
6/ Interchain NFT interoperability gives NFT developers more freedom, while encouraging competition between chains and developers to attract users and capital to their dApps, marketplace, and services.
7/ #Interchain NFTs provide more compatibility and flexibility so that #IBC users can seamlessly transfer their assets from Chain A to Chain B.
#Interoperable#NFT marketplaces unlock new opportunities for growing the Interchain ecosystem.
8/ #NFT creators or developers can now experiment with cross-chain NFT collections and communities, or NFTs that update from one-chain to another.
9/ With Interchain NFTs, developers can build with and explore:
- Development of tools for app-to-app connections for new NFT services.
- New applications to integrate NFTs with Metaverse/GameFi areas.
10/ The #IBCGang is already hyped about connecting chains to reach more users, more dApps, more new collections and more arts.
Users are already breaking ground. Here is the first Interchain NFT transfer from @irisnetwork to @stargazezone👇
Inter Blockchain Communication (IBC) entered the world with the Stargate upgrade in April 2021. 18 months since then, IBC has rapidly evolved in terms of usage, adoption & new features. Let’s dive into some of the underlying metrics to showcase this impressive 18 month journey!🧵
1/ When IBC launched in Q2 2021, there were initially 8 interconnected chains. Today the Interchain has grown Quarter-over-Quarter (QoQ) to 49 chains!👇
2/ With limited data on Daily Active Addresses/Users (DAU) - defined as the number of addresses associated with a chain that has initiated at least one outgoing IBC transfer on a given day - we see that the number peaked in March of this year at 1.3 million DAU.
3/ Every blockchain caters to one or more specialized use cases. If these use cases cannot be leveraged across multiple blockchains, it severely handicaps their utility.
IBC solves the problem of blockchains existing as silos with limited interaction.
1/ Funded by the Interchain Foundation, PANIC by @SimplyStaking is an open-source monitoring and alerting solution for blockchain infrastructure operators - monitoring your setup and sending multi-channel alerts.
Let's explore the solution and its benefits 🧵
2/ PANIC’s main objective is to provide node operators with insights on the state of their nodes, whilst quickly flagging issues that could degrade their node availability.
We welcome @delphi_digital’s decision to join the Interchain!
2/ The team at Delphi Labs want to continue focusing on building and innovating on DeFi applications, with a belief that ‘the world will be increasingly multi-chain, and DeFi applications should architect themselves such that they can deploy natively on multiple chains”
3/ In their thorough search for a new platform to host their innovations, the Delphi Labs team evaluated the Interchain against Ethereum and Ethereum Rollups, Avalanche, Solana, Polkadot, Near and Celestia.