Name of Project / DAO / Company
XP.NETWORK
Application type
NFT Multichain Bridge
Proposal overview
- The first of the kind NFT multi-chain bridge connecting a wide range of EVM to a number of Non-EVM chains. At the moment of writing, the bridge allows transferring NFTs to and from the mainnets of:
- Ethereum
- Binance Smart Chain
- Avalanche
- Polygon
- Algorand (The only NFT Bridge)
- Fantom
- Tron (The only NFT Bridge)
- Elrond (The only NFT Bridge)
- Tezos (The only NFT Bridge)
- Velas (The only NFT Bridge)
- xDai (The only NFT Bridge)
- Fuse (The only NFT Bridge)
For many of the integrated chains, ours is the only NFT bridge they have. And the number of integrated chains keeps growing. We’re planning to integrate with the Polkadot, Cosmos, EOS ecosystems, as well as Cardano and Solana networks this year.
The bridge will open the new markets to the NFT community on Harmony and will open Harmony to a wide range of other ecosystems. The bridge we’re building is the new Silk Road of the NFT world. The communities will enrich each other with new ideas and technologies. Cross-chain games, metaverses, and marketplaces will become possible. Cross-chain battles or peaceful events will become a reality, including the Harmony community to the big family of highly developed ecosystems.
We expect at least a million users per month sending and receiving NFTs between chains. And we believe the Harmony community needs a connection to a transport corridor like this.
Team
Proposal ask
$35,000
Justification
Milestone 1 | Total | ||
---|---|---|---|
Estimated Duration | 3 weeks | 3 weeks | |
Full-time equivalent (FTE) | 28 | 28 | |
Cost | $ 35,000 | $ 35,000 |
Compared to all the bridging solutions described above, XP.network has a number of important advantages:
- The first bridge designed exclusively for NFTs, tackling every aspect of asset transition and compatibility across multiple protocols;
- A much wider range of supported blockchains: any chain can be connected to the bridge;
- Linking EVM to a range of non-EVM chains with fundamentally different tech stacks, such as Elrond, Solana, Cardano, Algorand, etc.
- A simple and seamless UI for minting, transfering, and exploring NFTs;
- Attractively low transaction fees, payable in the currency of the origin blockchain (ETH, BNB, SOL etc.);
- Highly scalable: the capacity of the bridge is limited only by the TPS of the bridged chains;
- Possibility to mint NFTs on multiple chains from an easy-to-use UI;
- Superior security and reliability: a multilayer security system capable of preventing all common types of attacks, with no single points of failure;
- A more versatile technological stack, and provide the same level of security and reliability;
- Possibility to integrate the bridge with any NFT dApp, allowing users to trade and exchange NFTs the way they are used to, while the bridge operates behind the scenes.
- Possibility of transferring NFTs in Batches
- Possibility of transferring NFT smart contract logic
- Option of choosing the smart contract to mint wrapped NFTs with on the target chain
Metrics for success
Number | Deliverable | Specification |
---|---|---|
0a. | License | Apache 2.0 / MIT / Unlicense |
0b. | Documentation | We will provide both inline documentation of the code and a basic tutorial that can interact with the deployed smart contracts and backend service. |
0c. | Testing Guide | The code will have proper unit-test coverage 85% to ensure functionality and robustness. In the guide, we will describe how to run these tests |
1 | Smart Contracts | We will develop smart contracts that will: 1. Support ERC-721 2. Support ERC-1155 3. Freeze/Unfreeze Native NFTs 4. Mint/Burn wrapped NFTs 5. Pay the TX fees on the target chain in native tokens 6. Send / Receive NFTs in batches |
2 | Validators | Adding the logic to the validators |
3 | Backend | Integration of Harmony in the: 1. NFT Index 2. TX Fee Estimator 3. Crypto-currency converter |
4 | Frontend | Integration of Harmony in the: 1. User Interface 2. Wallets (Metamask, TrustWallet, WalletConnect) |
External links
Project link: https://bridge.xp.network/
whitepaper: XP.NETWORK Whitepaper | Welcome to the XP.NETWORK Docs