Polkacipher partners Hinata to bring the low-cost, cross-chain bridge to the NFT market
We are incredibly excited to be partnering with Hinata DAO to bring low-cost, private and secure NFT transactions to its members. The Polkacipher NFTzie will be used to allow members of the Hinata DAO to trade other NFTs or WAIFU NFT’s (Hinata’s most popular NFTs). Using the Polkacipher privacy-focused bridge solutions, members can trade Hinata’s Metaverse compatible NFT rewards on any chain and secondary markets. We are determined to bring low charges to NFT transactions and to achieve this, Polkacipher is partnering with Hinata. One of the key attractions of this partnership is that the bridge will enable low-cost transactions on Opensea for Hinata members for as low as 2.5% on transactions.
Hinata is building a marketplace for NFTs with a semblance to a launchpad that enables creators with $HINATA to interact with the Foundation’s Waifu NFTss in the market (they are almost sold out). With our collaboration and partnership, Hinata Foundation can support ETH, Polygon, Binance Smart Chain, Huobi Chain, Solana, OKEx, Arbitrum, Avalanche, Fantom, and other chains that we are integrating in the coming weeks. The aim is to impact how NFT enthusiasts perform their transfers and transactions. Currently, Opensea supports only ETH, Polygon, and Klaytn chains. On the other hand, Rarible supports ETH, Polygon, and AAVE. Many other marketplaces provide support for one or two chains like ETH- Polygon, Polygon-HECO, ETH-SOL, or Polygon-SOL. Polkacipher’s partnership with Hinata aims to revolutionize the status quo.
Our alliance with Hinata will create an opportunity for bridging options using our cross-chain NFTzie bridge solution, unlocking more markets for NFT holders as it brings more liquidity options. With a more liquid NFT market, NFT artists, collectors, and enthusiasts can enjoy a higher profit margin, more especially members of Hinata DAO. Added to the NFTzie bridging solution, Hinata DAO members have the opportunity to try out other unique features of verifying the legitimacy of each NFT/collection they are buying. Hinata DAO members also get to enjoy the privacy-focused bridged transactions; Polkacipher has to offer and its recently synced EVM chains that bring users interoperability and compatibility.
Hinata DAO has been established to support quality content creators and incubate a platform suited for the future of collectibles, metaverse tokenization, and blockchain gaming.
Hinata is meant to be a platform by the community, for the community, and owned by the community. 10% of the Hinata ($HiNATA) token supply is available to $WAIF token holders who participate in the migration process to WAIFv2.
Hinata will operate as a decentralized autonomous organization (DAO) that uses marketplace fees for buying back $HiNATA tokens, with the rest going towards operations and maintenance. Running as a DAO means Hinata’s users will have control over how the platform operates in the future, making Hinata a hub for those serious about guiding the direction of the anime NFT community as it grows.
PolkaCipher is a privacy-preserving oracle network on the Polkadot Blockchain focused on bringing the use case of private NFTs to off-chain businesses and being a bridge for seamless integration to on-chain Defi apps.
PolkaCipher’s unique offerings help push the use-case of the NFTs in real-world scenarios while still being connected to a cross-chain network that is fair and accurate. PolkaCipher intends to achieve business goals by helping users transact privately and securely using NFTs as a mode of access to different decentralized apps (Dapps) and real-world business rewards.