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Harmony provides the Bored Ape Yacht Club NFT Passport

Harmony provides the Bored Ape Yacht Club NFT Passport

The Bored Ape Yacht Club Passport was created by blockchain platform Harmony, whose platform is compatible with the Ethereum Virtual Machine and promises to have transaction finality of two seconds and a cost 1,000 times that of Ethereum. The Passport enables players to import proof of their identification into DeFi Kingdoms, a play-to-earn game powered by the Harmony blockchain with over 120,000 monthly active users. When Ape holders connect their MetaMask wallet to DeFi Kingdoms during the early stages, they will be able to validate and display their game assets across several blockchains.

Due to the fact that cross-chain technology is still in its infancy, money may be at risk when it crosses chains, as the year’s largest decentralized financial assault proved. On the other side, Harmony’s Passport does not transfer assets; rather, it verifies asset ownership across many blockchains, assuring its legality throughout. At the moment, Horizon, the company’s cross-chain bridge, supports Harmony, Ethereum, BNB Chain, and three further blockchains.

Leo Chen, a team member at Harmony, stated: “We wanted to give all NFT holders more utility and options to display their NFTs and participate in the Metaverse. Bored Ape Yacht Club holders are the first choices. The cross-chain identity creates a secure and easy way to do so without putting their assets at risk.”

Twitter began a similar promotion last month, allowing premium users to show their nonfungible tokens as profile photos. However, the feature’s technical capabilities are still being evaluated, since it is currently only compatible with Ethereum-based NFTs and does not provide cross-chain functioning.

About Nicolle

She is an Indian Freelance writer. She loves thinking, learning, and writing about all things Web3.

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