NFT Bridge is now integrated into Cloud Wallet! | of WAX io | WAX.io | April 2023
We are happy to announce the integration of NFT Bridge into Cloud Wallet! This innovative feature will unlock a new world of possibilities for the WAX NFT community, bridging the gap between the WAX Blockchain and Ethereum/BSC networks. No longer will your NFTs be limited to one network. Enjoy free and instant transactions on WAX and benefit from massive liquidity on Ethereum. The future is multichain.
- Collection owners must activate their collection for transfer in Cloud Wallet and must prove that they are the collection owner. All WAX collections are eligible for transfer regardless of whether they were originally created with Cloud Wallet or other WAX blockchain wallets such as Anchor.
- Pool owners will need a destination chain address that they control that has no existing smart contracts distributed to it.
Activation will generate and deploy an ERC721 smart contract representing that collection on the destination chain using the collection owners ETH/BSC address provided. The collection owner address will be the owner of the ERC721 smart contract deployed and you will have to pay for the gas fees associated with the ERC721 smart contract implementation process.
- Collection owners will have full control over the tool for their bridge collection, but cannot upgrade or modify the smart contract once it has been deployed. They can choose which marketplaces to list and set up their collection once the transfer is activated and the gas charges are paid.
If there are multiple WAX Blockchain collections that collection owners wish to activate for transfer, each will require a separate destination chain address.
Without further ado, let’s walk you through one step-by-step guide on using NFT Bridge in Cloud Wallet, complete with screenshots to ensure a seamless experience.
To begin, go to MyCloudWallet.com and click on the “NFT Bridge” tab. If your WAX collection was set up through an Anchor wallet, select the “Anchor” option and connect to the Anchor wallet to begin. (You must start the bridge transaction with the same wallet that owns the collection)
In the “NFT Bridge” tab, select “Collection Setup” to begin bridging your collection to Ethereum or BSC.
Select the collection you want to bridge to Ethereum or BSC, then click “SEND.” Make sure you have connected to the correct Ethereum/BSC wallet. Cloud Wallet will ask you to approve the transaction.
After the transaction is approved, click “Claim”. Your wax collection will be mapped on ETH/BSC ERC721 smart contract. To complete the transfer, you must sign the transaction on the ETH/BSC side and pay the gas fees associated with the ERC721 smart contract implementation.
After signing the ETH/BSC transaction, the pool will take some time to initialize. Please be patient; greatness takes time!
Once the collection is initialized, you can see your collection address. Congratulations, you have mapped your WAX NFT collection between networks!
We are confident that integrating NFT Bridge into Cloud Wallet will revolutionize the NFT landscape, enabling collectors to enjoy unprecedented freedom and flexibility in managing their digital assets. Don’t wait any longer; try it today and experience the future of NFTs!
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