NFT Assets Enter the Multi-chain Era, XCarnival Launches the Cross-chain Plan
We’ve seen the massive growth and wide expansion of the blockchain in 2021, the NFT market has also experienced its largest growth ever so far so good, even the TVL exceeded $23 billion.October 2021 saw the birth of XCarnival, which was successfully launched on the BinanceChain Network.
XCarnival is an infrastructural protocol for metaverse assets, which includes 2 functions such as NFT asset & collateral lending and also the XIGO’s platform GameFi asset distribution.XCarnival had a cooperative relationship with GamFi projects such as RACA, Dracoo, Baby and Bino in 2021, we helped them issue NFTs successfully and empower their Gamefi ecosystem.
In 2022, the core points of XCarnival :
1. Cross-chain
2. Complete the ecological function upgrade of core NFT asset mortgage & lending
3. Establish the leading position as the top of the Metaverse asset infrastructure protocol
According to the words of core contributor — Leo: XCarnival is currently creating a new function of the ecosystem — POOL to C which is for the Ethereum cross-chain plan.
As we all know, NFT asset liquidity is the core pain point of the industry, the liquidity solution is the KA (Killer Application) of the entire industry. A mature NFT asset solution needs to solve the NFT asset pricing and settlement (clearing) problems at the same time. In the current XCarnival system, P2P is an existing solution, which means that two people could interact directly with each other without the third-party .The background data shows that the XCarnival platform has provided a total of nearly $20 million of mortgage lending liquidity for NFT asset authorized by platform, and the total number of pledges exceeds 11,000. When XCarnival cross to Ethereum, the scale of NFT asset-backed lending assets under its management will lead to a spurt of growth.
We are also concerned about the performance and data of some competing products in the industry for this new NFT liquidity solution, which is also the most important component of the Metaverse infrastructure protocol. Among them, Abracadabra.money founder @danielesesta’s latest tweet is particularly
eye-catching. Daniel mentioned the idea of providing mortgage lending for the $44 billion NFT industry. At the same time, he gave P2P solutions and two mechanisms to solve the lending problems.
In terms of the realization path, XCarnival’s aim is the same as Daniel’s thought!!!
The difference is that XCarnival has achieved the first step and will give the further price NFTs, mortgage loans and prevent liquidation through the POOL to C (combined with DAO management) model. The strategy and product logic have been improved and upgraded.
The cross-chain of the XCarnival platform will be completed in the first quarter of 2022. Leo disclosed that it is the real mainnet launch of XCarnival to cross to Ethereum and XCarnival also could supply the liquidity solution for NFT/Metaverse assets .
Multi-chain NFT data by 22 JAN 2022
Ethereum: $15.57B
Solana: $0.109B
ImmutableX: $0.0847B
BSC: $0.043B
The date of XCarnival on BSC chain :
Pledged NFT: 17077
Mint USDxc : 19479060.18
XCV holding address: 13,125
Genesis Mystery NFT APR: 3534% (highest)
Social followers: 200,000
About XCarnival
XCarnival is a lending aggregator that provides easy-to-use financial products. Users can put their NFTs on XBroker as a pledge to borrow money from other lenders. Additionally, users can simultaneously borrow money from Megabox with their altcoins, such as Cake, Dodo, Bifi, and many more. XCarnival believes that “everything is collateral”, and works towards unlocking more liquidity for the metaverse space through its innovative practices.
To learn more about XCarnival, visit xcarnival.fi,follow @XCarnival_Lab on Twitter. To understand the full vision of the XCarnival, read the XCarnival litepaper.
