{"id":46171,"date":"2023-03-02T18:13:58","date_gmt":"2023-03-02T22:13:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=46171"},"modified":"2023-03-02T18:14:01","modified_gmt":"2023-03-02T22:14:01","slug":"flare-acquires-nft-platform-for-interoperability-protocols","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/flare-acquires-nft-platform-for-interoperability-protocols\/","title":{"rendered":"Flare Acquires NFT Platform For Interoperability Protocols"},"content":{"rendered":"\n

Two essential protocols for Flare, which will support decentralized interoperability applications<\/a>, have gone live.<\/p>\n\n\n\n

\"Flare
Flare Acquires NFT Platform For Interoperability Protocols<\/figcaption><\/figure>\n\n\n\n

After launching two key protocols for decentralized interoperability apps, Flare, the layer-1 Ethereum Virtual Machine <\/a>(EVM) blockchain, went online on January 10. <\/p>\n\n\n\n

The blockchain network enables programmers to make interoperable applications for various blockchain ecosystems and online platforms. On March 2, less than a month later, Flare accepted Sparkles, a non-fungible token (NFT) platform, to its layer 1 oracle network.<\/p>\n\n\n\n

The statement states that the Sparkles NFT platform's main objective is to focus on the compatibility of native Flare protocols in order to expand the use cases for NFT utility.<\/p>\n\n\n\n

The NFT platform intends to address further pressing problems in the area, such as IP rights, by tying on-chain IP licensing to upcoming collections. After becoming a DAO, Sparkles intends to decentralize both its infrastructure and core technologies.<\/p>\n\n\n\n

Sparkles has handled 90% of NFT sales since its launch on Songbird, Flare's canary network, in January 2022, accounting for $3.5 million in revenue. Presently, it houses 3,200+ collections.<\/p>\n\n\n\n

Moreover, Sparkles pledged to achieve net-zero by 2023 when it signed the Crypto Climate Agreement\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in 2021. The platform claims that through retiring carbon credits through the Toucan bridge, it has attained an environmentally favorable position.<\/p>\n\n\n\n

In 2023, interoperability will be a major theme in the decentralized sector. The capacity to scale and onboard more users is one of the main goals of many businesses and communities in the area. <\/p>\n\n\n\n

In order to establish safer options for the installation of interoperable solutions, new tools including trustless bridges have been introduced. The Web3 Domain association recently gained 51 new members, and as a result, it announced interoperability as one of its primary areas of concentration for the coming year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two essential protocols for Flare, which will support decentralized interoperability applications, have gone live. After launching two key protocols for decentralized interoperability apps, Flare, the layer-1 Ethereum Virtual Machine (EVM) blockchain, went online on January 10. The blockchain network enables programmers to make interoperable applications for various blockchain ecosystems and online platforms. On March 2, […]<\/p>\n","protected":false},"author":43,"featured_media":46173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-46171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/03\/croc_1677789008132.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=46171"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/46173"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=46171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=46171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=46171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}