July 18, 2022

XP.Network is now building on SKALE

Marcos Sanchez

Head of Communications

With roughly 28.6 million wallets trading NFTs in 2021 and between 15,000 and 50,000 NFT sales per week, accessibility, liquidity, and asset locomotion is at a premium. Despite a bear market, hundreds of thousands of NFT traders, collectors, and gamers are looking for a way to bridge NFTs from chain to chain. However, access to the infrastructure that allows cross chain bridging in a cost effective, user optimized, and secure manner is lacking. That is why we are thrilled to announce that XP.Network is building on SKALE!

XP.Network, a powerful NFT bridge infrastructure, connects over 16 EVM and non-EVM compatible chains, allowing users to bridge their NFTs in seconds. XP.Network offers a widget that is available in 5-10 minutes, and its sleek design allows users to transfer NFTs in 1-2 minutes. Within hours, 3rd party dApps can fully access the bridge thanks to the JS library.

Unlike XP.Network, most NFT bridge infrustructures do not offer bridge access from both UI and code. Additionally, many NFT bridges are susceptible to hacks. This is where XP.Network’s superior security measures give users peace of mind while maintaining scalability, efficiency and an optimized user experience.

This key technology will allow users to bridge NFTs between SKALE Network, Ethereum mainnet and 15 other chains. In addition to the 16 chains available, XP.Network is in the process of building on 6 more chains.

“From the first zoom meeting we fell in love with SKALE’s friendly and professional team. Whenever we experienced a problem we felt the caring arm of the team members from the US & Portugal. SKALE is a growing network of blockchains with solid chances of conquering the top positions of the chain rating. We’re excited to take part in SKALE's ecosystem growth at these early stages and grow together hand in hand,” said Dima Brook, CTO XP.Network.

For more information on XP.Network

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About SKALE

SKALE is an Ethereum native multi-chain network composed of an unlimited number of secure, decentralized, high-performance blockchains for bringing NFTs, DeFi, and Web3 to billions of users. SKALE’s highly configurable platform was built to support an ever-expanding set of Dapp-specific chains that run without centralized dependencies. Plus, SKALE’s unique pooled security system and containerized node architecture enable developers to deliver a high-speed, seamless user experience without gas fees or latency.

SKALE’s open-source platform provides quick consensus with fast block times and instant finality and includes EVM compatibility, on-chain NFT file storage, rollup contract execution, zero-cost minting, and gasless transactions, and machine learning smart contract functionality. The SKALE Network is an open source project with many contributors including SKALE Labs, Inc. headquartered in San Francisco, CA.

The SKALE Network’s supporters include Arrington Capital, Blockchange, ConsenSys Labs, Hashed, HashKey, Floodgate, Multicoin Capital, Recruit Holdings, Signia VP, and Winklevoss Capital. The SKALE Network is supported by many of the top validators in the world including 01NODE, Ankr, Anonstake, Audit One, Blockdaemon, Blockware, Chainflow, Chainode, Chorus One, Cypher Core, Dokia Capital, Figment Networks, FreshSkale, Hashed x DELIGHT, Hashquark, Staked, Stakin, Stake With Us, WolfEdge Capital, as well as Staking Facilities. SKALE Network utilised the $SKL token which is listed on 40 exchanges/DEXs globally, including Binance, Coinbase, FTX, Gemini, Huobi, OKEx and more.