April 18, 2022 — Astar is thrilled to announce that the $NFTY token can now be bridged over to Astar via the Celer bridge. This is a critical milestone for both Astar and NFTY Labs, the company behind the NFTY token. NFT Labs was accepted into the Astar Builders Program in August 2021, and with this development, is now officially integrated into Astar. This means that NFTY holders can now securely bridge their ETH-based $NFTY tokens to Astar.
The new secure bridge leverages Celer’s cBridge recent integration with Astar Network, an innovative Web3 assets link that offers a fast, low-cost, cross-chain bridging experience between Astar Network and several other Layers 1 and 2 protocols.
Astar is proud to be partnered with NFTY Labs on this integration and this latest development demonstrates NFTY Labs’ unwavering commitment to further decentralizing the $NFTY token. By making $NFTY token available on Astar, it is reaching more DeFi and NFT protocols, making it easy for their communities to interact and benefit from the utilities the NFTY token provides to its holders.
About NFTY
NFTY is a cross-chain Web3 authentication layer used for subscription services, loyalty incentives, and access management. NFTY provides verifiable ownership for digital assets, and $NFTY holders benefit as owners of the ecosystem currency that makes NFTs and other digital assets useful by automating their use as provable keys to access metaverse gated content, experiences, communities, and much more.
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About Astar
Astar Network is the #1 TVL Smart Contract Hub for WASM + EVM on Polkadot. Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM — and offers the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable, and interoperable blockchain.
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$NFTY Token Can Now Be Used On Astar! was originally published in Astar Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
