0xcert, an open protocol built to support the future of unique digital assets, powered by NFTs (non-fungible tokens) and Wanchain, the distributed financial infrastructure powered by cross-blockchain smart contracts with privacy protection, announced today a strategic alliance for the implementation of the non-fungible tokens standard on Wanchain.
The strategic alliance marks an important step towards widespread adoption of non-fungible tokens. 0xcert just recently completed the first-ever ICO with the successful implementation of ERC-721 tokens in the KYC procedure.
As a middleware protocol, 0xcert is able to bring the power of unique digital or real-world assets to one of the most technologically advanced infrastructures in the blockchain space. The strategic alliance was built around the idea of fostering an ecosystem in which developers would not be limited by one single blockchain, but could utilize cross-chain functionality along with the much-needed component of privacy — the key advantages of Wanchain.
Non-fungible tokens, one of the hottest technology concepts this year, have reached wider recognition at the end of last year with Crypto Kitties. The ERC-721 standard has just recently been moved to the final stage, making NFT’s one of the most exciting technologies in blockchain right now.
0xcert is one of the first projects aiming to provide a full framework that would enable frictionless implementation of the standard and allow non-blockchain developers to build dapps on top of it. In turn, these dapps will be able to digitally represent and verify ownership of unique assets such as land titles, artwork, collectibles and other one-of-a-kind valuables. With Wanchain all of this will now also exist on the Wan network, plus the added privacy and the cross-chain ability.
“Wanchain is definitely one of the best strategic and technological decisions we have made. With private transactions enabled, a whole field of opportunities and implementations arise in what to build on NFTs. Also, imagine owning a very rare and expensive NFT token and having the ability to send it cross-chain. This alliance makes so much sense and we’re all looking forward to working together.”
Of key importance for both 0xcert and Wanchain is providing the ability to exchange digital assets while at the same time ensuring security, privacy and a verification standard for all parties involved in the transaction of digital assets. Another major shared goal is to grow the ecosystem, with 0xcert and Wanchain providing infrastructure and support for blockchain startups as well as traditional companies.
“Focusing on our solution – an open-source protocol that strives to be community-driven for managing non-fungible tokens on the blockchain – will through partnering with Wanchain broaden the use of non-fungible tokens. It will be exciting to see how this new category will be used and how it will soon create completely new experiences.”