LiteVerse, the company that promises to be the first to develop an exclusive marketplace for NFTs created on the Litecoin blockchain using the Ordinals protocol and secured using Litecoin OmniLite to mint NFTs with low transaction fees.
Previously on NFTexpress I have told the news that several developers created a clone of the Ordinals protocol for the Litecoin blockchain (Ordinals gained popularity for allowing NFTs to be uploaded to the blockchain in Bitcoin).
Yesterday, LiteVerse officially announced via its social networks that it is working on its new project, which is a marketplace for non-fungible tokens in Litecoin. As a result, there will be a new ecosystem available for NFTs collectors and investors, as, it will be possible to get a support for NFT Ordinals.
However, in the announcement made by the company on TwitterHowever, in the announcement made by the company on Twitter, it was not effectively detailed from when it will be possible to interact with the platform or when the tokens will be available on it. For the moment, if you access the official website you can view collections of NFTs in Litecoin, which are divided into categories such as: art, gifs, memes, music, photography, tickets and utilities.
In the message shared on the social network Twitter, it was not detailed from when these tokens will be available on the platform. For the time being, other Litecoin NFT collections divided into categories such as art, gifs, memes, music, photography, tickets and utilities can be seen on the platform.
In order to be able to interact with the NFT platform in LiteVerseIn order to interact with the NFT platform on LiteVerse, you will have to create an account on the website and, obviously, have a wallet compatible with this type of assets on the Litecoin blockchain. In addition, purchases and sales of NFTs are made through Litecoin’s native currency, which has its abbreviation as LTC.
Last February 23rd in NFTexpress I have made an article explaining how several developers incentivized by a prize in LTC (which became more than $2000 dollars) managed to get the non fungible tokens of the Ordinals protocol to reach the Litecoin network, after these assets became very popular in the Bitcoin blockchain.
If you want to know all about Ordinals Protocol, how they came to the Litecoin network, NFT collections created so far in Bitcoin, how to create your NFT on Bitcoin, which wallets exist for Ordinals NFT, and much more, you can read the articles we made in NFTexpress, which are the following:
Ordinals protocol allows NFTs to be incorporated into Bitcoin network
Taproot Wizards: the new NFT collection on the Bitcoin network
DeGods brings its collection of 535 NFTs to the Bitcoin network, want to meet it?
NFTs Ordinals hit the Litecoin network: a new innovation in the world of cryptocurrencies
TwelveFold: Bitcoin’s generative collection of unique pieces on blockchain
Early Litecoin registrations or NFTs can only be seen through a full node of the blockchain using Ordinals code. Now, with the new creation of the LiteVerse marketplacemarketplace, they can be viewed in the same way as the NFTs of the most popular networks in the NFT ecosystem such as Ethereum or Polygon.
On the other hand, it is worth mentioning that LiteVerse already existed before the Ordinals protocol was adopted, but it did not include collections of this new phenomenon in the NFT world. Also, it is worth noting that the native NFTs of Bitcoin and Litecoin through this new protocol are different from the other non-fungible tokens in networks such as Ethereum, since their information is stored directly in the blockchain itself and not in an external server.
Finally, the director of Litecoin Foundation, Alan Austinhad commented last year that NFTs were an industry attracting attention in both Litecoin and Bitcoin. He further added that not only was the attention from investors, but also developers, artists, and creators were interested and working to bring them to these blockchains, as, it expands the awareness, popularity, and adoption of NFTs, cryptoassets, and blockchain technology.
NFTexpress wishes to make it clear that all opinions and financial information contained in this website are for informational and educational purposes only and should not be construed as investment recommendations. It is important for readers to understand that all investments involve certain risks and should conduct their own research before making any financial decisions. NFTexpress is committed to providing accurate and up-to-date information, but is not responsible for the financial decisions made by users.
Written by Rodrigo Catalan (TW: @RodrigoCatalanB) for NFT Express.