Interoperability is a critical feature for NFTs, as it enables seamless transfer of tokens between different blockchain networks. As the NFT market continues to expand, interoperability has become increasingly important in ensuring that artists and collectors have access to a wide range of buyers and sellers, regardless of the blockchain network they use.
XDSea recognizes the importance of interoperability and supports multi-chain and cross-chain functionality. This means that users can create, buy, and sell NFTs across different blockchain networks, including Ethereum, Binance Smart Chain, and Polygon, among others. This makes it easier for artists and collectors to reach a larger audience and expand their reach beyond a single blockchain network.
The benefits of interoperability go beyond simply expanding the market for NFTs. It also allows for the development of more complex NFT-based applications, such as cross-chain gaming and DeFi applications. For example, an NFT-based gaming application could allow players to use their NFTs across multiple games, regardless of the blockchain network they are using. Similarly, an NFT-based DeFi application could allow users to leverage their NFTs as collateral across different blockchain networks.
Keeping multi-chain and cross-chain functionality on the roadmap, XDSea is currently interoperable. Also making it easy for users to transfer their NFTs between different blockchain networks. This is done through the use of NFT bridges, which allow users to seamlessly transfer their NFTs between different EVM-marketplaces without the need to burn and start from scratch in a new community .
Overall, interoperability is a critical feature for NFTs, and XDSea's support for multi-chain and cross-chain functionality is a key factor in its success as an NFT marketplace. This will be implemented in 2023 on XDSea.