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Cosmos Hub Launches Interchain NFTs for testing: Verifying ICS-721 application in Multiple IBC Compatibility Chains

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It is reported that Cosmos Hub\’s fourth public incentive testing network, Interchain NFTs, is open for registration, and the bonus pool is 20000 ATOMs (about 2…

Cosmos Hub Launches Interchain NFTs for testing: Verifying ICS-721 application in Multiple IBC Compatibility Chains

It is reported that Cosmos Hub’s fourth public incentive testing network, Interchain NFTs, is open for registration, and the bonus pool is 20000 ATOMs (about 270000 US dollars). This test aims to verify the application of ICS-721, which is divided into two stages. The first stage has opened the test network, and the second stage will include a hacker marathon. The verifier and developer plan to test Interchain NFTs in multiple IBC compatibility chains, including IRISnet, Stargaze, Juno, OmniFlix and Uptick. （cryptoslate）

Cosmos Hub’s fourth open incentive test network, Interchain NFTs, is open for registration

Interpretation of the news:


Cosmos Hub has announced its fourth public incentive testing network – Interchain NFTs for testing the application of ICS-721. The announcement reveals that the test network has opened for registration, and the bonus pool is a whopping 20,000 ATOMs, equivalent to approximately 270,000 USD.

The project is divided into two stages, and the first phase has already begun. During this stage, developers and verifiers will test Interchain NFTs in multiple IBC (Inter-Blockchain Communication) compatibility chains. The chains that they plan to test include IRISnet, Stargaze, Juno, OmniFlix, and Uptick. The second stage of the project is set to include a hacker marathon that will test the network’s security and vulnerability with the help of expert hackers.

Interchain NFTs is essentially an interface that allows for the transfer of non-fungible tokens (NFTs) between different blockchains. NFTs differ from other blockchain tokens because they represent unique digital assets that are not interchangeable. With this project, Cosmos Hub aims to test the seamless transfer of NFTs between different blockchains that are compatible with each other.

The use of non-fungible tokens is on the rise across the blockchain community. They are commonly used in the gaming industry, where players trade unique in-game items, and are also gaining popularity in art and music scene to certify the ownership of original digital pieces.

Cosmos Hub is one of the leading blockchain projects. It is considered the internet of blockchains, connecting different chains together and facilitating easy transfer of assets. By launching Interchain NFTs, Cosmos is demonstrating its commitment to furthering the interoperability of blockchain networks.

In conclusion, Cosmos Hub’s Interchain NFTs project is a significant milestone for the blockchain community. It will enable the seamless transfer of NFTs between multiple blockchain networks, thereby furthering the interoperability of the blockchain ecosystem. With the inclusion of a hacker marathon, the project aims to test and verify the network’s security, a crucial element for the smooth functioning of any blockchain network.

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