Cross-chain Technology in the NFT Marketplace Cross-chain technology is a new technology that can transfer value and information between various blockchain networks. Sole-X was developed based on Kakao’s blockchain network Klaytn via Orbit Chain. This cross-chain platform supports interoperability between various blockchains such as Ethereum, Klaytn, etc. This means that…

Non-fungible tokens, often NFTs, have gained widespread popularity as digital proof of ownership. Initially, they were mainly used for digital collectibles like digital art and virtual pets. However, over the past few years, they’ve become more mainstream, partly because of wild price fluctuations and early adopters making big profits. As…

Blockchain Layer Considering transparency, stability, security, and scalability, TriumphX will be built on the Polkadot network as a parachain. Polkadot enables interoperability and scalability by allowing specialized blockchains to communicate with each other in a secure, trust-free environment. Through the parallelized model of Polkadot, TriumphX will be built as a parachain that…

OpenSea users have reportedly been targeted with a widespread email phishing campaign, including a fake developer API risk alert and a fake NFT offer. Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack and have received emails containing…

In the weeks leading up to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales. While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue. On Nov. 6, data published by blockchain analytics firm…

Cross-chain Technology in the NFT Marketplace Cross-chain technology is a new technology that can transfer value and information between various blockchain networks. Sole-X was developed based on Kakao’s blockchain network Klaytn via Orbit Chain. This cross-chain platform supports interoperability between various blockchains such as Ethereum, Klaytn, etc. This means that traders can trade in the market…

In recent years, Non-Fungible Tokens (NFTs) have taken the world by storm, captivating artists, investors, and collectors alike. NFTs, which represent ownership of unique digital assets, have been praised for their potential to revolutionize art, gaming, and digital ownership. However, in 2023, the NFT market experienced a significant crash that…

After months of falling sales, the NFT market grew substantially in October, per data from DappRadar — even if it’s still far from the peak. Crypto’s JPEG market is showing signs of life — despite mass layoffs at prominent marketplace OpenSea on Friday — as NFT trading volume grew by $99 million in October compared to the month before, according to a report released by crypto data firm DappRadar. “The yearlong downward trend in NFT…

Utility of token As a currency for P2P transaction on the decentralised exchange(trading of items) 2. To pay for transaction fees (discounted fees using TRIX) 3. Staking by game companies to enter into the TriumphX ecosystem for a share of profits made from the transactions occurring on TriumphX marketplace 4…