{"id":7519,"date":"2023-05-24T15:05:15","date_gmt":"2023-05-24T15:05:15","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/24\/nfts-without-boundaries-nftrade-now-allows-cross-chain-purchases-on-ethereum-polygon-avalanche-and-bnb-chain\/"},"modified":"2023-05-24T15:05:15","modified_gmt":"2023-05-24T15:05:15","slug":"nfts-without-boundaries-nftrade-now-allows-cross-chain-purchases-on-ethereum-polygon-avalanche-and-bnb-chain","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/05\/24\/nfts-without-boundaries-nftrade-now-allows-cross-chain-purchases-on-ethereum-polygon-avalanche-and-bnb-chain\/","title":{"rendered":"NFTs Without Boundaries: NFTrade Now Allows Cross-Chain Purchases on Ethereum, Polygon, Avalanche, and BNB Chain"},"content":{"rendered":"<p><\/p>\n<div>\n<p>NFTrade introduces an innovative feature that allows cross-chain purchases on Ethereum, Polygon, Avalanche, and BNB Chain. Here\u2019s everything you need to know.<\/p>\n<figure id=\"attachment_104868\" aria-describedby=\"caption-attachment-104868\" style=\"width: 1920px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-104868 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_.png\" alt=\"Still from NFTrade \" width=\"1920\" height=\"1080\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_.png 1200w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_-300x169.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_-1024x576.png 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_-768x432.png 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_-100x56.png 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_-150x84.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_-450x253.png 450w\" sizes=\"(max-width: 1920px) 100vw, 1920px\"\/><\/noscript><figcaption id=\"caption-attachment-104868\" class=\"wp-caption-text\">NFTrade Allows Cross-chain Purchases<\/figcaption><\/figure>\n<h2><span id=\"NFTrade_Enables_Cross-chain_Purchases_on_Multiple_Networks\">NFTrade Enables Cross-chain Purchases on Multiple Networks<\/span><\/h2>\n<p>In an announcement on May 23rd, NFTrade revealed its joining with the messaging protocol <a href=\"https:\/\/www.rarimo.com\/\" target=\"_blank\" rel=\"noopener\">Rarimo<\/a>. This collaboration enables people to buy items on one network while making payments on another. Furthermore, this breaks down walls between different blockchain networks and expands the possibilities for <a href=\"https:\/\/nftevening.com\/nft-non-fungible-token-guide\/?swcfpc=1\" target=\"_blank\" rel=\"noopener\">NFT<\/a> transactions.<\/p>\n<p>How does it work? Well, let\u2019s say you want to buy an item on Avalanche. With NFTrade\u2019s new feature, you can pay using any currency from Ethereum, Polygon, or BNB Chain. In addition, the protocol automatically facilitates the token swap between the buyer\u2019s network and the seller\u2019s desired network, making sure that the transaction is easy. Crucially, NFTrade points out that this process is decentralized, meaning the developer never takes custody of the buyer\u2019s funds.<\/p>\n<p>To further enhance the process, NFTrade has joined with Circle\u2019s Cross-Chain Transfer Protocol (CCTP). As a result, buyers who use USD Coin can burn their tokens on one chain and have them re-minted on another chain, adding another layer of flexibility to the buying experience.<\/p>\n<p>NFTrade\u2019s cross-chain purchases are just the beginning. Significantly, NFTrade plans to expand the feature to include Immutable X, Skale, Palm, and Moonbeam in the future, making its reach across various ecosystems larger.<\/p>\n<p>Lasha Antadze, the founder of Rarify Labs, a service provider for Rarimo, discussed the importance of this feature in improving user experience in the Web3 space. He points out that the easy transfer of digital assets and identities across chains is crucial for the success of Web3, and NFTrade\u2019s cross-chain checkouts mark a significant step toward reaching this goal.<\/p>\n<h2><span id=\"The_Competition_Intensifies\">The Competition Intensifies<\/span><\/h2>\n<p>As competition heats up among NFT marketplaces, NFTrade\u2019s introduction of cross-chain purchases adds another layer of innovation to attract users. With other platforms making strides in reducing fees and offering lending options, the NFT industry continues to evolve. This promises exciting developments and greater access for buyers and enthusiasts alike.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/nfts-without-boundaries-nftrade-now-allows-cross-chain-purchases-on-ethereum-polygon-avalanche-and-bnb-chain\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NFTrade introduces an innovative feature that allows cross-chain purchases on Ethereum, Polygon, Avalanche, and BNB Chain. Here\u2019s everything you need to know. NFTrade Allows Cross-chain Purchases NFTrade Enables Cross-chain Purchases on Multiple Networks In an announcement on May 23rd, NFTrade revealed its joining with the messaging protocol Rarimo. This collaboration enables people to buy items [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/05\/nfts_without_boundaries_nftrade_now_allows_cross-chain_purchases_on_ethereum__polygon__avalanche__and_bnb_chain__1_.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/7519"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=7519"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/7519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/7520"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=7519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=7519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=7519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}