Mochi.Market launches on Moonriver to Boost its NFT Ecosystem
Mochi.Market proudly announces today an integration with Moonriver, the Ethereum-compatible smart contract platform on Kusama.
As part of this partnership, the Mochi.Market team will port the existing multichain marketplace to the Moonriver platform and will also develop new infrastructures in the future that are exclusive to Moonbeam.
Mochi.Market has a multi-chain vision of the future and sees great potential to reach new users in Polkadot’s interoperable network in a cost-effective way. Mochilabs will cooperate with Moonbeam to build applications:
- Mochi.Market on Moonbeam and Moonriver
- NFT Bridge between BSC and Moonbeam, Moonriver
- NFT Airdrop on Moonbeam and Moonriver
- NFT Lending
Mochi.Market is currently available on Moonriver. The remaining products are expected to be completed and officially put into operation by the end of Q1, 2022.
Mochi.Market will become a support platform for NFT Games on the Moonbeam network, creating an incentivized ecosystem for crypto gamers, developers, and Moonbeam community. Therefore, all users can buy and sell NFT of GameFi ecosystems on Mochi.Market. In addition, the NFT Bridge makes it easier and faster for GameFi partners to transfer their NFTs from Moonriver to Moonbeam. Combining all the above applications with NFT Lending, gamification projects on Moonbeam is predicted to be more explosive than ever when Game Guilds can manage their NFTs in a decentralized manner.
The Mochi.Market team is also working towards fulfilling a grant from the Moonbeam Foundation to support their development and deployment on the Moonbeam and Moonriver network.
About the Moonbeam Network
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently, in active development by PureStake, Moonbeam is expected to reach MainNet by mid-2021.
Mochi.Market is a multichain decentralized exchange ecosystem for non-fungible tokens. MochiLabs, the organization building Mochi.Market, is creating a variety of NFT-based products to bring more value to the NFT sector as a whole. Mochi.Market aims to solve three fundamental problems within the NFT market: lack of liquidity, lack of monetization during the NFT token holding period, and the lack of cross-chain exchangeability between fungible and non-fungible tokens. Through the introduction of Mochi.Market, users will be able to get much more out of their NFT experience.