Today was launched on the proposal of the Game of NFT testnet, aimed at testing Interchain NFT. The first phase of the tests will start tentatively in February and the second phase in March and will include a hackathon. Interchain Foundation, IRISnet, Gravity Bridge, Stargaze, Ark Protocol and many other projects from the community will take part in the test.

What is Interchain NFT and why is this technology important to the NFT market?

Despite the fact that in recent months the interest in NFT compared to the bull market has greatly diminished, it is already clear to everyone that this market will not go anywhere and we need to continue to develop it. Analysts estimate that the NFT market will grow to $122 billion by 2028.

However, one of the main limitations of NFTs is that they are tied to a single blockchain. Interchain NFT comes to solve this problem.

Benefits for users

At the moment, NFTs are isolated in one particular network, which severely limits users. Interchain NFTs allow you to release NFTs on network A, then send them to network B to sell, but they retain ownership of that NFT.

By doing so, you can take advantage of features of network B that are not available on network A. This could be staking, lending, and even futures.

Benefits for developers

NFTs are usually released on a particular network. This limits the number of users the collection can reach.

Interchain NFT opens up the possibility to extend the user base to other networks through IBC. Developers can take advantage of other networks to develop their project. For example, Stargaze can run its NFTs on Saga, which will aim to develop GameFi and the meta universe into Space. By doing so, Stargaze will participate in these categories and increase interest in its blockchain.

Conclusion

With just one such innovation, the market can grow to huge volumes and catch up with Ethereum. For that, projects need to pay a lot of attention to marketing their products. NFT and marketing are two inseparable things.

Today was launched on the proposal of the Game of NFT testnet, aimed at testing Interchain NFT. The first phase of the tests will start tentatively in February and the second phase in March and will include a hackathon. Interchain Foundation, IRISnet, Gravity Bridge, Stargaze, Ark Protocol and many other projects from the community will take part in the test.

What is Interchain NFT and why is this technology important to the NFT market?

Despite the fact that in recent months the interest in NFT compared to the bull market has greatly diminished, it is already clear to everyone that this market will not go anywhere and we need to continue to develop it. Analysts estimate that the NFT market will grow to $122 billion by 2028.

However, one of the main limitations of NFTs is that they are tied to a single blockchain. Interchain NFT comes to solve this problem.

Benefits for users

At the moment, NFTs are isolated in one particular network, which severely limits users. Interchain NFTs allow you to release NFTs on network A, then send them to network B to sell, but they retain ownership of that NFT.

By doing so, you can take advantage of features of network B that are not available on network A. This could be staking, lending, and even futures.

Benefits for developers

NFTs are usually released on a particular network. This limits the number of users the collection can reach.

Interchain NFT opens up the possibility to extend the user base to other networks through IBC. Developers can take advantage of other networks to develop their project. For example, Stargaze can run its NFTs on Saga, which will aim to develop GameFi and the meta universe into Space. By doing so, Stargaze will participate in these categories and increase interest in its blockchain.

Conclusion

With just one such innovation, the market can grow to huge volumes and catch up with Ethereum. For that, projects need to pay a lot of attention to marketing their products. NFT and marketing are two inseparable things.