NFTs Are Coming to the DigitalBits Blockchain

Litemint to assist add NFTs to the DigitalBits Blockchain

NFTs Are Coming to the DigitalBits Blockchain

Litemint to assist add NFTs to the DigitalBits Blockchain

Grand Cayman, Cayman Islands , April 13, 2021 (GLOBE NEWSWIRE) — The XDB Foundation, one of many main contributors to the DigitalBits blockchain, introduced as we speak the addition of Litemint, a expertise firm connecting crypto fanatics, collectors and players to distinctive experiences, to the DigitalBits ecosystem. Litemint is among the many preliminary organizations supporting the addition of NFT performance to the DigitalBits blockchain.

Litemint, a platform constructed on Stellar since its inception, just lately unveiled its NFT and Collectibles market. Litemint introduces on-chain collectibles and NFTs to the net gaming expertise, affording gamers the advantages of blockchain expertise corresponding to true asset possession and seamless switch and tradeability which are missing inside as we speak’s main on-line gaming environments. The combination of the DigitalBits community, which started in 2017 as a fork of Stellar, prompts quite a few potential synergies.

“With its distinctive closeness to the mainstream, gaming business and core compatibility with the Stellar expertise, DigitalBits is an ideal match for our NFT and collectibles platform,” said Frederic Rezeau, founder and CEO of Litemint. “I’m assured that collectively, offered our potential to execute on the open-source Stellar expertise, we will leverage distinctive enterprise alternatives with a seamless integration of DigitalBits and their consumer-oriented market.”

Sure different organizations are additionally trying to combine the DigitalBits blockchain to assist their respective NFT initiatives. The community’s potential to assist excessive transaction throughput at scale supplies a big benefit over Ethereum, the present market chief for the creation of NFTs, the place community congestion has led to lengthy wait occasions and exorbitant gasoline charges. NFTs have lengthy been tied to esports and gaming, nevertheless they’ve but to change into mainstream given such friction. The combination of the DigitalBits community with platforms corresponding to Litemint will assist to streamline the issuance, switch and commerce of NFTs, whereas additionally supporting decrease charges, enabling NFTs to change into extra extensively adopted.

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“I’m very excited to see the upcoming integration of the DigitalBits Community into Litemint’s NFT and collectibles market,” stated Michael Gord, Managing Director of the XDB Basis. “NFTs have the power so as to add a completely new layer to the person expertise, permitting for distinctive activations that may be carried out throughout quite a few totally different industries. I sit up for seeing the continued innovation that continues to emerge from this new asset class as an increasing number of individuals start to make use of NFTs.”

About Litemint

Litemint is a tech firm that breaks obstacles and creates modern merchandise to attach crypto fanatics, collectors and players to distinctive experiences. By leveraging the Stellar blockchain, Litemint enhances the person expertise with asset possession (NFT and collectibles) and decentralized micro-transactions executed on the Stellar DEX. Litemint has acquired Stellarport in January 2020, the interplay between crypto customers and players creates big alternatives with tradable belongings and brings unmatched dynamism to each platforms. Connecting the dots, Litemint is presently releasing a bespoke NFT and collectibles market.

About DigitalBits

The DigitalBits Venture is an open-source challenge that developed the DigitalBits blockchain protocol and a safe, low-cost world transaction community, and instruments. This blockchain protocol and community layer assist varied use instances together with shopper digital belongings, corresponding to non-fungible tokens (NFTs) and branded cryptocurrencies together with branded stablecoins.

About XDB Basis

The XDB Basis is a non-profit group centered on helping DigitalBits and associated applied sciences. The XDB Basis’s core goals embody: supporting the innovation and adoption of the DigitalBits blockchain and using cryptocurrency in enhancing the patron expertise and company social accountability initiatives, shaping industrial requirements and requests for technical enlargement, rising the DigitalBits group via the inclusion of various areas; offering accountability and sustainability practices; and facilitating partnerships and ecosystem growth.

Media Contact

Robert Penington

Robert@thronepr.com

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