Home DeFi & NFT Post Ethereum Launch 0x Deploys NFT Swap Standard on Polygon and Beyond

Post Ethereum Launch 0x Deploys NFT Swap Standard on Polygon and Beyond

Post Ethereum Launch, 0x Deploys NFT Swap Standard on Polygon and Beyond
  • About OX Exchange
  • Ox protocol – Blockchain
  •  NFT Works on Blockchain
  •  OX Financial system

OX Exchange

OX is an electronic brokering exchange from North America energy markets with more than 65 years of experience in energy sector. It provides real time access to the North American Crude Oil, Natural Gas and NGL markets. It provides sophisticated trading needs and security.

Ox protocol – Blockchain

NFT trading is called as SwapNFT. It’s a decentralised exchange where one can n trade with another users. It will enable developers to build NFT based (Defi) Apps, marketplaces, and to unlock opportunities in the sector across multiple blockchain like polygon, celo, avalanche, smartchain and fantom. Ox protocol v4 represents the mission of powering the tokenized world where values can flow easily.

Polygon

Polygon is used in a framework for building interconnected Ethereum-compatible blockchain networks. Polygon aims to serve as a multichain platform for resolving challenges in speed, costs, and clogged networks in a cost-efficient manner.

Sandeep Nailwal Co-Founder of Polygon said “0x Protocol v4 will unleash a wealth of possibilities for developers, users, and creators alike. We’re keen to see more NFT products on Polygon leverage the open standard and unlock the full potential of the NFT market”.

Fantom

Fantom is a network of blockchains where transactions are finalized in a second and cost a fraction of a cent. It is mainly used in payments, digital identity, and medical records.

Fantom CEO, Michael Kong said “Its mission to enable the free flow of assets aligns very closely with that of Fantom, and we could not be more thrilled to work alongside their outstanding team to drive the decentralized space forward”.

NFT Works on Blockchain

  1. A public ledger that records transactions.
  2. Individual tokens with valuable information is stored.
  3. It used to hold a value set by the market and demand, it can be bought and sold.
  4. Data would verify and validate the ownership and will transfer the tokens.

OX Financial system

The implementation of the NFT Swap Standard on the Ethereum mainnet was preceded by a community vote from ZRX, 0x’s governance token, holders. The team has explained about the advantages of grouping creator-focused and gas-efficient features and providing Web3 participants with a multi-chain experience. It will allow them to invest less time on learning and how to use different blockchains , like creating different wallets, or inventing more funds in traction fees.

The NFT Swap Standard is as much as 54% more gas efficient than alternatives, with the capacity to yield instant royalties for content creators, non-custodial on and off-chain NFT listing, and many other features.

The current  ranking of ox  is #133, with a live market cap of $421,051,663 USD. It has a circulating supply of 847,496,055 ZRX coins and a max. supply of 1,000,000,000 ZRX coins. By the end of 2025 the prediction of OX would be nearly $26.00

Conclusion

Investing with technologies like Ox, is a good investment, because they have a product, and they will penetrate the market, and it would solve or strive to solve a problem by inventing and re-inventing rather than just a token.

 

 

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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