NFTEarth announces fully functional cross-chain bridging and new features in 2024
NFTEarth announces fully functional cross-chain bridging and new features in 2024
NFTEarth community announces that the Omnichain NFTE token cross-chain bridging will be fully functional again for all 6 chains. They have found a solution for transitioning from Arbitrum xNFTE positions to a live staking contract on Base. The ability to lock LP tokens and get veNFTE will be enabled shortly. They plan to do another airdrop and build a stable base of liquidity on one chain before expanding. They aim to create a mirror-like L2 rollup chain on the OP Stack for trading L1 NFTs at L2 prices.
Epoch closing, liquidity mining campaign starting with SushiSwap and Angle Protocol
The Epoch is closing in under 2 hours, allowing those who have staked since last Epoch to claim rewards. A liquidity mining campaign will also begin in collaboration with SushiSwap and Angle Protocol, using SushiSwapV3 pools. The goal is to provide high APRs for yield farming NFTE tokens and offer liquidity options. The NFTEarth DAO aims to stabilize NFTE prices by building up 4 pairs on SushiSwapV2 pools. The community will reassess the campaign after 1 week.
NFTΞarth Community Update
The NFTΞarth community has reached a potential working prototype for an L2 NFT chain using LayerZero contracts. Ledger suffered a security exploit, highlighting the importance of wallet security. Arbitrum, the chain on which xNFTE was deployed, experienced an outage. The community is considering unlocking xNFTE holders' assets on Arbitrum due to user concerns.