NFT marketplace Sparkles goes live on the Flare Network
NFT marketplace Sparkles has gone live on the Flare Network, a decentralized blockchain system that uses its own consensus protocol.
The move makes Sparkles, which handles over 90% of NFT sales on Songbird, the first NFT platform on the new Tier 1 oracle network. Sparkles plans to leverage Flare’s native interoperability protocols to enable new use cases for NFTs and their holders. The APIs are integrated into the Bifrost Wallet, the most used wallet on Flare, and the D’Cent wallet, allowing users to manage their NFTs directly in the wallet.
The Flare Network is a sophisticated blockchain technology that aims to increase the functionality of the Ethereum Virtual Machine (EVM). The project mainly wants to bring DeFi functions to other protocols such as Ripple and Litecoin.
In addition, the Flare Token adds value to both the network and the currency, providing functionality related to protocol management, security and data via an on-chain oracle.
Flare’s State Connector protocols allow information, both from other blockchains and the internet, to be used securely, scalable and trustless with EVM-based smart contracts on Flare chains. In this case, it has been used to prove that a transaction has been confirmed on a non-Flare chain while confirming that the correct payment reference was included.
Hugo Philion, Flare CEO & Co-Founder comments: “We are very pleased that Sparkles has agreed to continue NFT platform development on Flare, integrating our core protocols to advance NFTs and enabling SGB and FLR holders to participate in the digital art space. We look forward to seeing Sparkles become a community-owned platform, pushing the boundaries of NFT innovation on Flare and supporting digital artists on their journeys.”
Sparkles was the first NFT marketplace in the blockchain space to sign the Crypto Carbon Accord, pledging to become carbon neutral by 2030. But within a year, the platform had not only achieved carbon neutrality, but is now the first climate-positive entity on the Songbird network.
On the operational side, Sparkles is addressing the issue of NFT intellectual property rights (IP) for NFT owners in their upcoming DOTM collection, by attaching IP licensing to the chain. While there is a rich set of features planned in the roadmap, including in-app minting, bidding and auctions, the platform offers songbird chain users a safe place to buy and sell NFTs.
Shane Snary, CMO of Sparkles, added: “Sparkles is a unique business in the web3 world. We aim to go beyond just being a place for users to buy and sell NFTs, to educate and empower artists across the entire world is critical to making NFTs the standard for artists to adopt.Using the Flare blockchain, Sparkles is positioned to make this a reality by setting up modules where we can teach artists how to use our marketplace and hope to expand it further to universities/schools around the world.”
Mohamed Kanoun, Sparkle’s founder said, “Sparkles is honored to be the leader when it comes to NFTs at Flare. We believe Flare will be home to many new artists, brands, companies, games, metaverses and much more. The future is bright for NFT -is on the Flare Network.”
