SHOW ALL

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

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.

SHARE:
Latest NFT News, Trendings and Tutorials, right in your inbox, every Monday

IMPORTANT DISCLAIMER: All content provided here in our website, hyperlinked sites, social media accounts and other platforms are for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *