Flare gets NFT platform to increase use cases for interoperability protocols

Flare, the layer-1 Ethereum Virtual Machine (EVM) blockchain, went unrecorded connected Jan. 10 aft it launched 2 halfway protocols for decentralized interoperability applications. The blockchain web allows developers to make applications that are interoperable betwixt assorted blockchain ecosystems and net platforms.

Less than 1 period later, connected March 2, Flare welcomed the nonfungible token (NFT) level Sparkles connected its furniture 1 oracle network.

According to the announcement a superior extremity of the Sparkles NFT level is to hone successful connected the interoperability of autochthonal Flare protocols to summation usage cases for NFT utility.

The NFT level has plans to people different large issues successful the abstraction specified arsenic intellectual spot (IP) rights via attaching on-chain IP licensing to aboriginal collections. Sparkles besides has plans of decentralizing its halfway exertion and infrastructure aft it transitions into a DAO.

Since its motorboat connected Songbird, the canary web for Flare, successful Jan. 2022, Sparkles has handled 90% of NFT sales, which accounts for $3.5 cardinal successful sales. It presently hosts implicit 3,200 collections.

Related: New oracle strategy to assistance DApps retrieve millions mislaid to MEV

Additionally, successful 2021 Sparkles joined the Crypto Climate Accord with a pledge to go net-zero by 2023. The level reports to person achieved an environmentally affirmative presumption via c credits, which it retired on-chain via the Toucan bridge. 

Interoperability is a large taxable for the decentralized space going guardant successful 2023. It is 1 of the large focuses of galore companies and communities successful the abstraction to assistance with scalability and onboarding much users. New tools similar trustless bridges person been implemented successful bid to make safer options for the implementation of interoperable solutions. 

The Web3 Domain confederation precocious expanded with an summation of 51 caller members, aft which it named interoperability arsenic 1 of its main focuses for the year.