xGov proposal 158 seeks 170,000 ALGO for a one-way X-NFT bridge from Cardano to Algorand
The X-NFT team submitted xGov proposal 158, requesting 170,000 ALGO to build a one-way bridge from Cardano to Algorand. The bridge would work by issuing X-NFT tokens on Cardano, which users burn to mint a native X-NFT token on Algorand.
The project is intended to draw Cardano users into the Algorand DeFi and NFT ecosystems through this burn-and-mint mechanism.
Sources that covered it
More stories
CompX Labs proposes CoinTracker+ for personalized Algorand asset tracking
CompX Labs has submitted an xGov proposal for CoinTracker+, a feature designed to provide personalized dashboards for up to 10 Algorand Standard Assets (ASAs). The tool tracks user holdings, average buy prices, and profit and loss for selected assets. It also provides network analytics, such as volume and price movement, and identifies potential staking or farming opportunities.
Thurstober Digital Studios proposes xGov-112 tool enhancements and site redesign
Thurstober Digital Studios has proposed several enhancements for xGov-112, including NFD vault support and ARC-36 non-rarity filters for asset minting. The proposal also introduces tools to manage asset addresses, a transaction history downloader, and a redesign of the Thurstober website.
xGov proposal 165: Messina.one bids to build an NFT bridge between Algorand and six EVM networks
Messina.one has submitted proposal xGov 165 to build a bridge for non-fungible tokens (NFTs) between Algorand and several Ethereum Virtual Machine (EVM) networks, including Ethereum, Polygon, Base, Optimism, Arbitrum, and Avalanche. The proposal includes a new NFT standard designed to ensure the exclusivity of a single unique NFT during the transfer process. The project is estimated to take 10 to 12 weeks to complete with a required amount of 300,000 ALGO.