Hey all, you can find below our proposal 165 for an NFT bridge between Algorand and the various EVM based networks. Looking forward to hear your feedback, comments, and questions. xGov 165: Proposal to build NFT Bridge between Algorand and EVM based networks Edit: Abstract Messina.one intends to…

I assume you’ve read our proposal and went through what we believe are the benefits to the community. But in case not. Why would individual people bridge their stand alone NFTs? I don’t see that either unless they simply prefer to hold an asset on a chain of their choice. That’s possible of course.…

tbf there is not a lot in that proposal besides the classic “if you wanna test out algorand maybe bridge some assets over” :smiley: Dont see how individual users will use it. It has to be the creator who wants to go multichain and has an easy way to do so via your bridge. Holder benefits are tied t…

I mean, sometimes that’s all it takes. Plenty of tokens going the same route. We submitted this proposal because there was an ask and interest from the community in building it for Algorand after we had announced the bridge for Polygon and Cronos. We see value in the bridge for NFT projects and crea…

For example, if someone bridges a BAYC to algorand. You can then list it on algorand nft marketplace. Would there be any data for buyers to see? like would they know the ranking, purchase history etc? Could be a problem for nft marketplace to handle fake cross-chain NFTs imo.

Hi, what are the open source deliverables here? Thanks!

Thanks, what do you mean by a build? Does it include any analysis/design documents and/or security audit contracts or is it just some of the software source code?

Good questions! The meta data is copied along to the new NFT on the new chain, in this scenario Algorand - so that would bring along anything that’s in the metadata, like accessory info, rarity data, ranking and so on. Purchase history is usually not recorded on the meta data. But our minting proces…

Indeed. Design documents, audit records, source code, and so on - it would all be made open source throughout the building process.

Thank you, thats very cool! Just to be clear, when someone mints an ARC19 updateable metadata NFT on Algorand, and then bridges the NFT over to Eth. One can edit the metadata on algorand chain, and effectively update the traits showing up on Eth as well. The proof of authenticity can keep up with up…

xGov 165: Proposal to build NFT Bridge between Algorand and EVM based networks

Governance Discussions xGov Proposals Pilot

FoundryKev January 24, 2024, 9:39am 16

Hi! The entire build would be open source apart from the UI.

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xGov 165: Proposal to build NFT Bridge between Algorand and EVM based networks

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