The VeChain team announced via a blog post on Tuesday that XP.NETWORK’s NFT cross-chain bridge is now live on its blockchain. XP.NETWORK is creating the solutions to turn the growing NFT market into an accessible and easy-to-use place. Thanks to this latest development, NFT builders on the VeChain network can take their projects to other blockchains, including Ethereum, Cardano, Solana, and more.
VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities. VET is down by more than 7% so far today and is currently trading at $0.02300.