MultiversX Tracker is Live!

The inspiration for the new Metis NFT Bridge comes from Ethereum founder Vitalik Buterin

Etherum Reddit

More / Etherum Reddit 226 Views

Do you have any information regarding the Metis NFT bridge, guys? As a major fan of Vitalik Buterin, I was overjoyed to hear that he had an effect on this new project, and I saw today that this news was released as well as the project itself, so, this is something fresh new we've got.

What I've found out is that in September 2021 Buterin first mentioned "Wrapped NFTs", which enable users to mint NFTs on one chain, then shift them to another for better prices/fees, arbitrage possibilities, or even collateral in some situations, without sacrificing any single attribute.

This is what I've found on their site "Buterin’s initial post inspired further exploration by Metis Integration Manager Pavel Sinelnikov, who expanded on the idea of NFT Bridge functionality in a follow-up ETHResearch post (with further expansion in this Metis Medium post)."

Whenever I bought an NFT on Ethereum, I've spent tons of money on fees and that was so annoying, sometimes there were like hundreds of dollars spent. And this Metis Andromeda network is providing cheaper solutions, minting an NFT currently costs about $1, at the end of March, it will cost just cents. I can get from that that both NFT buyers and NFT sellers end up benefiting by doing business on Andromeda.

The conclusion to all of this is that Buterin once again did a great job, NFT enthusiasts now will be able to bridge NFTs back and forth between Ethereum Layer 1 and the Metis Andromeda network. I think this is pretty cool, don't you think?

submitted by /u/SoilDizzy4849
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments