Announced live at ETH Denver, the upcoming NFT Passports also feature cross-chain support.
On Friday, blockchain platform Harmony — whose mainnet runs on the
Ethereum network, claiming to have two-second transaction finality and
fees 1,000 times lower than Ethereum — announced the launch of its Bored
Ape Yacht Club Passport. The Passport enables users to import proof of
their apes into DeFi Kingdoms, a play-to-earn game built on the Harmony
blockchain with over 120,000 monthly active users. During its initial
stages, Ape holders will be able to validate and display their assets in
the game across multiple blockchains when they connect their MetaMask
wallet to DeFi Kingdoms.
The infancy of cross-chain technology means that funds could be at risk when bridging across chains, as the biggest decentralized finance hack thus far this
year showed. However, as stated by its developers, Harmony’s Passport
does not move assets; instead, it proves asset ownership across multiple
blockchains, guaranteeing their authenticity throughout. Its
cross-chain bridge, Horizon, currently supports interoperability between
Harmony, Ethereum, BNB Chain and three other blockchains.
Leo Chen, a team member at Harmony, explained:
“We
wanted to give all NFT holders more utility and options to display
their NFTs and participate in the Metaverse. Bored Ape Yacht Club
holders are the first choices. The cross-chain identity creates a secure
and easy way to do so without putting their assets at risk.”
In a similar gesture, last month, Twitter kicked off its nonfungible token campaign,
allowing its paid subscribers to show off their NFT possessions as
profile pictures. However, the technical functionalities of the feature
are in the testing phase, with only Ethereum-based NFTs eligible and no
support for cross-chain functionalities.
source link : https://cointelegraph.com/news/harmony-launches-bored-ape-yacht-club-nft-passport
