NFT Martketplace Sparkles Launches on Flare Layer 1 Blockchain
Sparkles, an NFT marketplace, announced that it is the initial NFT platform to operate on Flare’s new Layer 1 (L1) oracle network. Sparkles intend to focus on the interoperability of in-house Flare protocols to expand the number of NFT utility cases. Furthermore, Sparkles is discussing the problem of NFT IP rights for NFT proprietors by linking on-chain IP licensing to their forthcoming DOTM series.
Sparkle is a platform for non-fungible tokens that manages more than 90% of non-fungible token transactions on Songbird and is the only non-fungible token marketplace in the sector to attain an ecologically friendly status.
Huge Philion, CEO and Co-Founder of Flare, is quite enthusiastic about the collaboration: “We are very impressed Sparkles has agreed to keep developing their NFT platform on Flare, incorporating our core guidelines to champion NFTs as well as offer opportunities for SGB and FLR owners to partake in the digital arts center.”
Flare’s State Connector: A covenant that facilitates off-chain data to be utilized safely, scalably, and without trust in smart contracts. Oracle of Flare Time Series (FTSO): Without depending on centralized data sources, it delivers highly decentralized values and sequence data to dapps on Flare via the network architecture.