In recent times, we hardly come across blockchain projects that are all-round self-reliant, be it nft projects, exchanges/swaps, defi, or other tech projects in the space. Projects in the cryptosphere largely rely on one another for full realization of their potentials, and LaticeX is no exception here.
As part of its continuous ecosystem development efforts, LatticeX foundation has just struck partnership deal with xnft protocol. It is pertinent to make a broad intro of the two projects for better clarity before we delve into details of the partnership.
LatticeX foundation, as we probably know, is a blockchain project with a vision to build a decentralized computation interoperability network, offering privacy and protection for individuals’ data through its complex computing algorithm. To arrive at its goals, the foundation offers financial support and researches for high quality and viable blockchain projects. LatticeX is currently the official promoter of the financial public chain, Alaya, as well as the privacy preserving AI network, PlatON.
XNFT protocol, on the other hand, is a comprehensive nft ecosystem committed to the advancement of the nft industry. It aims to bring in-depth innovation to the nft industry by building top-notch infrastructures and innovative functions for nfts across different blockchain networks.
Xnft is an automated nft trading protocol cofounded by a team of professionals from different blockchain fields with functions to support nft auction, high transaction speed, etc. Xnft has as its core innovation the ‘public blind box’ which describes an in-build algorithm that helps determine the fair price of nfts so nft owners, creators, and collectors will not have to price them manually.
Through the partnership with LatticeX foundation, Xnft will be integrating its product matrics, the blind box, into PlatON network, which is LatticeX’s privacy preserving protocol. Xnft protocol will bring in its nft infrastructure to PlatON such as its oracle price prediction machine, nftpart on-chain encryption art gallery, Digicenter digital collectibles wallet, etc These would be a big boost to PlatON network nfts as these infrastructures would give more value to the nfts.
A good thing with this partnerhsip is that it is a two-way collaboration that will be of mutual benefit to both Xnft protocol and PlatON network. While Xnft will integrate its infrastructure in PlatON to boost its nfts, PlatON network on its part will lend its services also to Xnft protocol as aptly captured below:
“PlatON’s privacy-preserving computation technology will benefit xNFT Protocol by empowering cryptographic art value, realizing digital identification of traditional art, and facilitating asset digitization, to jointly promote the technological development of NFT and Metaverse.” Source
It’s a fact the nft industry is fast evolving into concepts we could never before imagine. While it might be safe to say that nfts are still in their cradle and yet be explored to their full potentials, partnerships between blockchain projects are great catalysts to this evolution and advancement of the nft industry. They help nft projects come up with newer and more advanced infrastructures / functionalities to unlock their full potentials and by extension, the potentials of blockchain technology.
We eagerly await the full implementation of the LatticeX and Xnft partnership and hope it brings a wholesome feel to PlatOn nfts.
All the best.