NFT News Daily Today TheBitTimes.com

Vechain has announces the successful grant application of specialist NFT cross-chain bridge builders, XP.NETWORK . XP.NETWORK’s NFT bridge has officially gone live on mainnet. With the NFT bridge built by XP.NETWORK, the VeChainThor community can now take their talents to new communities, attract new projects to the network and show the world the versatility and power of VeChainThor. For NFT projects and users looking to make use of XP.NETWORK’s bridging service, we’ve included their official documentation below to guide you through the process. VNFTs Unchained With XP.NETWORK’s bridge now live, we hope the VeChain Community will make great use and maximize the potential of their projects among the wider NFT space. We thank XP.NETWORK for their hard work in helping us build VeChainThor’s first cross- chain NFT solution About XP.NETWORK XP.NETWORK is creating the solutions to turn the growing NFT market into an accessible and easy-to-use place. One of our most notable tools is the X...

Following the detection of a substantial token movement from Multichain’s bridging networks to an undisclosed address, the platform has temporarily suspended its services. On-chain investigators had previously speculated about a potential multimillion-dollar exploit as they observed cryptocurrency being withdrawn from Multichain‘s multi-party computation network. The reason remains unknown On Thursday, Multichain took to Twitter to announce that they are conducting an investigation into the incident and expressed uncertainty about the cause. They advised all users to cease utilizing Multichain services and revoke any contract approvals associated with the platform.  Formerly known as Anyswap, Multichain enables users to transfer their cryptocurrency assets across different blockchain networks. The team further stated that all bridge transactions will remain suspended on their respective chains, without providing a specific timeline for the resumption of services. The ...