Union Build: What’s It And Why It Might Be A Big Thing In NFTs?

The once-booming non-fungible token market is down by nearly all trackable metrics. In sectors from art to gaming, trading sales volume and floor price values for NFTs have plunged by about 90%. In the past several weeks, the trading sales volume has fallen below the $20 million mark. In this article, we shall explore the Union Build protocol and how it can be a game-changer in the global NFT market.

What Is Union Build?

Union is a modular interoperability protocol that facilitates the exchange of digital assets and messages between blockchains and decentralized applications. The Union Build leverages two key innovations. The protocol Features consensus verification, where validators on one network can verify that consensus was achieved among validators on another blockchain before accepting a transfer.

Union Build (1)_optimized

The Union Build protocol is fitted with secure zero-knowledge cryptography, which reduces the computing power and gas required to facilitate a transfer. This means fast and cost-effective connection between protocols across any execution environment with zero trusted actors. In terms of NFT bridging, this protocol maintains metadata integrity while transferring NFTs across chains.

Union Build ensures blockchain state transitions through cryptographic proofs, reducing latency and security risks. It also enhances the Inter-Blockchain Communication protocol by making it compatible with multiple ecosystems, including Ethereum, Solana, and Cosmos, without requiring trusted relayers. This protocol is also designed to remove bottlenecks stemming from fragmented blockchain networks.

How Can Union Build Help The NFT Market?

It’s worth noting that the non-fungible token collections weren’t meant to be chained to a single ecosystem. Today, unfortunately, every NFT marketplace is fragmented, its liquidity is isolated, and cross-chain movement is impossible for wrapped digital assets and synthetic copies. Let’s imagine if the largest NFT marketplaces, like Magic Eden, OpenSea, and Blur, stopped rivaling and started building on Union’s Build trustless interoperability.

If OpenSea, the largest non-fungible token marketplace, can integrate the Union Build protocol, the would be more cross-chain transfers, unified listings, and absolute ownership across all chains. Moreover, there would be no more bridging and no more wrapped NFTs. If Blur, the fastest-growing NFT trading platform, integrates with Union, there would be cross-chain liquidity aggregation and seamless order book across all ecosystems.

Lastly, if Magic Eden, the marketplace giant for Solana-based non-fungible token collections, happens to fuse Union Build, collectors can trade Ethereum, Solana, and Cosmos NFTs without leaving the platform, all verifiable, all trustless. This untapped potential and capability in protocols like Union can reverse the current negative growth in the NFT market.

Related NFT News:

  • Immortal Rising II Sets To Launch Its Immortal Statue NFTs This Week
  • Candy Digital Sets To Launch A New NFT Collection Next Week
  • Good Vibes Club NFT Series Top In Daily NFT Sales On OpenSea

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