Leverage the power of Analog GMP to integrate diverse NFT marketplaces, allowing users to list and bid on NFTs hosted across different chains.
About
Unlock the Possibilities
Today, users that want to participate in NFT auctions must have funds on the chain where the NFT marketplace is deployed. This approach excludes many users who would like to participate in the auction but don’t have funds on that particular blockchain. For example, a marketplace such as OpenSea deployed only on Ethereum and BNB will naturally exclude users on other chains due to complex bridging operations and transaction costs.
Analog GMP can help you expand the NFT marketplace beyond EVM-based chains and reach a broader user base. With this functionality, you can now implement a cross-chain NFT marketplace that can take bids across chains other than those that initially minted the NFT. A cross-chain NFT marketplace can help reduce the costs associated with participating in an NFT auction and ultimately eliminate barriers to entry.
USE CASES
Our Use Cases
Unleash your creativity without limits with Analog. Build and deploy your DApp once, and use it everywhere - from Ethereum to Polkadot and beyond.
DEFI
Cross-chain DEX
Use Analog GMP to build an out-of-the-box cross-chain DEX capable of facilitating quick token swaps across various chains, providing users with seamless access to a diverse range of tokens.
Use Analog GMP to build a cross-chain lending protocol, enabling your users to securely deposit collateral (e.g., ETH) on one chain and borrow another token (e.g., USDC) on another blockchain.
Use Analog GMP to build cross-chain yield aggregation protocols that enable investors to optimize returns on their assets while eliminating the costs and hassles of daily trading.
NFTs are increasingly demonstrating their applicability in representing IP rights, such as patents, copyrights, and trademarks. With cross-domain NFTs, NFT holders can efficiently and transparently transfer IP rights and licenses across various blockchains without being restricted to a single blockchain.
NFTs
Art and collectibles
Cross-chain NFTs can allow artists and collectors to tap into distant user bases by transcending the restrictions of their specific blockchain networks. For example, you could create an NFT that is transferrable between different marketplaces, allowing them access to a broader user base and increased liquidity.