Home Blockchain NFTs Are Coming to the DigitalBits Blockchain

NFTs Are Coming to the DigitalBits Blockchain

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Grand Cayman, Cayman Islands , April 13, 2021 (GLOBE NEWSWIRE) — The XDB Foundation, one of many main contributors to the DigitalBits blockchain, introduced as we speak the addition of Litemint, a expertise firm connecting crypto fanatics, collectors and avid gamers to distinctive experiences, to the DigitalBits ecosystem. Litemint is among the many preliminary organizations supporting the addition of NFT performance to the DigitalBits blockchain.

Litemint, a platform constructed on Stellar since its inception, lately unveiled its NFT and Collectibles market. Litemint introduces on-chain collectibles and NFTs to the web gaming expertise, affording gamers the advantages of blockchain expertise corresponding to true asset possession and seamless switch and tradeability which can be missing inside as we speak’s main on-line gaming environments. The combination of the DigitalBits community, which started in 2017 as a fork of Stellar, prompts quite a few potential synergies.

“With its distinctive closeness to the mainstream, gaming business and core compatibility with the Stellar expertise, DigitalBits is an ideal match for our NFT and collectibles platform,” acknowledged Frederic Rezeau, founder and CEO of Litemint. “I’m assured that collectively, offered our potential to execute on the open-source Stellar expertise, we are able to leverage distinctive enterprise alternatives with a seamless integration of DigitalBits and their consumer-oriented market.”

Sure different organizations are additionally seeking to combine the DigitalBits blockchain to help their respective NFT initiatives. The community’s potential to help excessive transaction throughput at scale offers a major benefit over Ethereum, the present market chief for the creation of NFTs, the place community congestion has led to lengthy wait instances and exorbitant fuel charges. NFTs have lengthy been tied to esports and gaming, nevertheless they’ve but to change into mainstream given such friction. The combination of the DigitalBits community with platforms corresponding to Litemint will assist to streamline the issuance, switch and commerce of NFTs, whereas additionally supporting decrease charges, enabling NFTs to change into extra extensively adopted.

“I’m very excited to see the upcoming integration of the DigitalBits Community into Litemint’s NFT and collectibles market,” mentioned Michael Gord, Managing Director of the XDB Basis. “NFTs have the power so as to add a completely new layer to the consumer expertise, permitting for distinctive activations that may be applied throughout quite a few totally different industries. I sit up for seeing the continued innovation that continues to emerge from this new asset class as an increasing number of folks start to make use of NFTs.”

About Litemint

Litemint is a tech firm that breaks limitations and creates progressive merchandise to attach crypto fanatics, collectors and avid gamers to distinctive experiences. By leveraging the Stellar blockchain, Litemint enhances the consumer expertise with asset possession (NFT and collectibles) and decentralized micro-transactions executed on the Stellar DEX. Litemint has acquired Stellarport in January 2020, the interplay between crypto customers and avid gamers creates big alternatives with tradable property and brings unmatched dynamism to each platforms. Connecting the dots, Litemint is presently releasing a bespoke NFT and collectibles market.

About DigitalBits

The DigitalBits Challenge is an open-source challenge that developed the DigitalBits blockchain protocol and a safe, low-cost world transaction community, and instruments. This blockchain protocol and community layer help varied use instances together with client digital property, corresponding to non-fungible tokens (NFTs) and branded cryptocurrencies together with branded stablecoins.

About XDB Basis

The XDB Basis is a non-profit group targeted on aiding DigitalBits and associated applied sciences. The XDB Basis’s core aims embody: supporting the innovation and adoption of the DigitalBits blockchain and using cryptocurrency in enhancing the buyer expertise and company social duty initiatives, shaping industrial requirements and requests for technical growth, rising the DigitalBits group by way of the inclusion of numerous areas; offering accountability and sustainability practices; and facilitating partnerships and ecosystem growth.

Media Contact

Robert Penington

Robert@thronepr.com

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