ABU DHABI, United Arab Emirates, April 08, 2022 (GLOBE NEWSWIRE) — Empire Token announced earlier this week the launch of the Empire NFT Marketplace on Solana. The integration allows users to use the marketplace to mint and trade NFTs on the Solana network.
Empire NFT Marketplace’s integration with Solana underscores Empire’s commitment to delivering products and delivering solutions that benefit all decentralized finance (DeFi) users. Solana is a blockchain network that supports SOL cryptocurrency in addition to decentralized applications (dApps) such as smart contracts. As a cryptocurrency, Solana is known for its fast transaction speeds and low transaction processing costs. As an open-source blockchain platform, Solana is used by developers of non-fungible tokens (NFTs) and dApps.
Solana is designed to ensure that network usage costs are always less than a penny per transaction, with new blocks confirmed more than twice per second. Solana’s use of the proof-of-history mining protocol is what keeps the blockchain network running so fast. According to Solana, it can process hundreds or thousands of transactions per second at an average price of $0.00025 per transaction.
Projects like Serum, Mangomarkets and Phantom are among the multi-billion dollar market capitalization projects that Solana is currently operating. Solana, as a blockchain protocol designed to be scalable and durable through proof-of-stake, has already had tremendous success with NFTs. The open source project was created by a team of engineers from Google, Amazon, Facebook and Microsoft. Solana’s stated goal is to “build the fastest blockchain in the world”, and it has already seen incredible success with the volume of NFT transactions globally.
Meanwhile, Empire is a groundbreaking project with the goal of bridging the gap between crypto and the real world. The project aims to integrate powerful use cases into the token, which will add value to the entire DeFi and blockchain ecosystem.
Empire aims to develop an environment that includes all the applications needed to enter the DeFi world while maintaining the decentralization factor. Empire Token is a deflationary token that can be used in any Empire Ecosystem application. To achieve this, the project develops and deploys dApps and promotes the circulation of Empire tokens throughout its ecosystem. The goal is to provide a user-friendly interface with intuitive navigation for traders and holders.
Empire Founder and CEO, Abdullah Ghandour, affectionately known as Dulla, believes that integrating the Solana market is a giant step for Empire.
“The integration on the Solana network is an important step for Empire. We are excited to bring our community closer together and allow them to share their assets in a decentralized way and, at the same time, with a wider range of options.
He further adds, “This advancement in our NFT marketplace is timely as DeFiGram.io will also benefit in many ways from integration with the Solana network.”
On March 24, 2022, Dulla showcased Empire’s core use case, DeFiGram.io, at the World Blockchain Summit in Dubai. The CEO said that all of Empire’s utilities, including the NFT Marketplace, will be integrated into the upcoming platform.
DeFiGram.io is an all-in-one application whose goal is to bring all DeFi users under one roof by meeting their needs in one place. The beta version of the application should be released in two months and the full version by the end of the year.
Empire NFT Marketplace first launched on the BNB channel in October, followed by its Ethereum integration in November. Empire plans to expand the market further by supporting more channels in the near future.
Company: Empire Token
Email: [email protected]
SOURCE: Empire Token
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