Terra (LUNA), a blockchain network, has recently announced a development for its non-fungible token (NFT) projects. In collaboration with Ark Protocol, Terra is set to introduce interchain NFTs to the Cosmos ecosystem. This move aims to expand the reach and versatility of NFTs created on the Terra network.

Chris Amani, CEO of Terra, emphasized the importance of this advancement. He noted that Terra’s NFT projects would now have the opportunity to display their collections across multiple blockchain networks. The integration with Ark Protocol is a technical enhancement and a step towards greater visibility and accessibility for Terra’s NFT creators.

Station v3 Extension Rolls Out

In related news, Terra has launched Station v3 Extension, an update for its web application Station. This upgrade marks the beginning of a broader rollout for Station v3. The new version is now available for download in Chrome Web and Microsoft Edge stores. This development is a part of Terra’s ongoing efforts to improve user experience and functionality. The release of Station v3’s dashboard and mobile applications is expected in the coming weeks.

Terra’s Price Stabilizes Amid Developments

Despite these advancements, Terra’s market performance has been modest. After a decline in December 2023, the price of LUNA showed a slight increase of 2.46% in the last 24 hours, reaching $0.6835 at the time of reporting. This stabilization in price reflects the cautious optimism in the market following Terra’s efforts to rebuild its ecosystem after the challenges faced in May 2022.

Read Also: Elon Musk’s X Drops NFT Features in New Platform Vision

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Filed under: News - @ January 1, 1970 12:00 am