GhostMarket has added support for Neo The development team has deployed all ten of its smart contracts on Neo X and now users can buy, sell and trade NFTs on GhostMarket.
The GhostMarket NFT platform supports two NFT standards on the EVM-compatible sidechain, Neo X. ERC-721, created in 2017, is the main NFT standard on the Ethereum blockchain. It provides guidelines for building unique tokens that represent digital assets across industries (i.e. gaming, art, and collectibles).
The second standard, ERC-1155, allows a developer to create and transfer both fungible and non-fungible tokens in a single transfer. ERC-1155 differs from 721 in that it offers the ability to store multiple items in a contract, which increases cost-effectiveness and versatility, as individual token contracts do not need to be “approved” separately. For example, an ERC-1155 contract can include multiple items for a user’s game character, such as swords, shields, and in-game currency.
In addition to the NFT standards, GhostMarket has also deployed its EVM-based fungible token, trading, royalties, incentives, staking, vesting, LP, proxy, and wrapper contracts on Neo X.
Next steps
Looking ahead, the GhostMarket team plans to build a tool that will allow Neo X users to create NFTs directly on the platform, which they can then buy, sell, and trade.
Neo The incentive rewards apply to all chains on the GhostMarket platform that users have used to mint or trade NFTs. The GM Rewards are distributed among each chain in proportion to the user’s activity in that chain and can be collected in the Rewards section of the platform.
Finally, GhostMarket plans to host many events to celebrate the launch of Neo Interested participants can follow GhostMarket’s social media accounts to stay informed about upcoming events.
The full announcement can be found via the link below:
https://medium.com/ghostmarket/ghostmarket-integrates-blockchain-8-neo-x-f148d4217b75
