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NFT Bridges

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by COINS NEWS 48 Views

Recently they are a few projects that start their test platform with the promise of bridging NFTs between chains.

Even some of the them already facilitated this mechanism

I am not an expert in NFTs, but I can't think of any benefit to bridge a NFT from a chain to another that it may even not have a marketplace to trade that collection.

Another thing that may cause problems, is the fact that bridges have control over bridged tokens. In this case, are those NFTs just a wrapped NFT? If that is true, wouldn't it invalidate the whole idea behind a NFT? Which is being unique?

ERC-20 tokens are fungible tokens, which means they are not unique and can be traded in any chain. That is not applicable to NFTs

What is your thoughts on this? Do we really need NFT bridges? And what are the benefits?

submitted by /u/cryptodesigngroup
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