NFTrade, a nonfungible token exchange, now allows cross-chain Ethereum, Polygon, Avalanche, and BNB Chain purchases.
Collectors can now make purchases on one network while making payments on a different one thanks to a new feature on the nonfungible token marketplace NFTrade.
According to a May 23rd statement, the capability was developed through an interface with the cross-chain communications protocol Rarimo.
![NFT marketplace enables cross-chain purchases on multiple networks image 174](https://i0.wp.com/nosisnews.com/wp-content/uploads/2023/05/image-174.png?resize=636%2C844&ssl=1)
![NFT marketplace enables cross-chain purchases on multiple networks image 174](https://i0.wp.com/nosisnews.com/wp-content/uploads/2023/05/image-174.png?resize=636%2C844&ssl=1)
Seamless Cross-Chain Transactions
Cross-chain transactions between Ethereum, Polygon, Avalanche, and BNB Chain are made possible via NFTrade. Users can purchase goods on one network with tokens from another network, and the protocol will handle the token swap seamlessly to complete the transaction.
Users benefit from a secure and trustworthy experience thanks to the decentralized nature of the procedure, which ensures that the developer does not have possession of the purchaser’s assets.
Using NFTrade, buyers can easily release the relevant NFT to the buyer while paying sellers with the desired tokens on the receiving chain. Through this effective and decentralized approach, cross-chain transactions can be completed without any hassle, and the process’ security and integrity are guaranteed.
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Lasha Antadze, the founder of Rarimo service provider Rarify Labs, said the new feature was just one of many steps toward solving user-experience issues in Web3:
“The ability to seamlessly transfer digital assets and identities across chains is vital to the success of Web3. NFT checkouts are an essential part of this, but they are also just the start.”