Cardano plans for Cardano-Ethereum NFTs bridge

Cardano IOHK moved one step closer towards the expansion of the Cardano network to integrate with the Ethereum network to allow NFTs collectibles transactions.

On 21 October, Cardano announced its partnership with Bondly. Bondly will help to expand the Cardano based NFTs blockchain network to connect with the Ethereum NFTs supported network. 

Bondly is a blockchain-based e-commerce platform. This firm is popularly known for its creation of blockchain tools to enhance the safety of NFTs collectibles & Crypto assets. And also in recent history, Bondly contributed to the development of increasing the efficiency of NFTs based blockchain transactions. 

Now, Bondly will work with the Cardano developer team to develop a cross-chain platform that will allow easy transaction of NFTs collectibles from Ethereum to the Cardano network. 

According to the announcement, this partnership of Cardano will allow NFTs creators to not only transfer their digital artwork & piecework in between the network but also it will give energy-efficient transactions. There are huge expectations that the rollout of the Cardano-Ethereum NFTs bridge network rollout will start in the early phase of 2022. 

Cardano creator Mr Charles Hoskinson stated 

“We built Cardano with energy efficiency in mind, which is why this partnership with Bondly is so crucial, as it will allow NFT creators access to a leading solution for token creation which doesn’t compromise on environmental credentials.”

Erc-20 converter tool

This is not the first time when the Cardano developer team planned to work for the cross-chain transaction-based development work. 

Earlier this, the Input-Output Hong Kong Global team successfully developed the ERC-20 converter tool to allow the Ethereum network-based ERC-20 tokens transactions in between the Cardano and Ethereum network easily. Read the full report about the ERC-20 converter here.

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