The post Goblintown Creators Launch ‘Portals’ to Let Holders Move NFTs Across Ethereum Ecosystem appeared on BitcoinEthereumNews.com.

Truth Arts, the company behind the NFT collections Goblintown and Secret Society, is launching a feature that it believes will help shape a multi-chain future for tokenized assets. The team has unveiled “Portals,” a platform that allows users to bridge their Goblintown or Illuminati NFTs from Ethereum to one of several supported blockchains. Effective immediately, holders of those NFTs can bridge their assets to Arbitrum, Base, Blast, Optimism, and Polygon—all Ethereum scaling networks—and of course, back to Ethereum as well. Solana support will be coming soon through a collaboration with LayerZero Labs. “The team at Truth Arts foresees a future where NFT interoperability across chains is standard practice,” co-founder and CEO Alex Taub exclusively told Decrypt. “Just as movies and TV shows adapt to new formats—VHS to DVD to streaming—NFTs must evolve beyond single-chain constraints to thrive.”  Comparing this future to the evolution of media distribution, he emphasized what he sees as the absurdity of limiting an IP to a single channel—particularly as more and more chains spring up and gain traction throughout the ecosystem. “This adaptability is crucial for the longevity of digital assets, mirroring how Disney and other iconic brands have remained relevant through changing distribution methods,” he added. Rather than offering a temporary solution by periodically moving NFTs to the trending chain of the moment, Truth Arts has developed what it sees as a lasting fix with its Portals platform. This platform provides holders flexibility, enabling them to transfer their NFTs to any desired chain as they wish. How does it work?  By visiting portals.trutharts.com, users can connect their wallets, view their Truth assets, and select the NFTs they wish to move. From there, they can then choose their preferred blockchain, pay any necessary gas fees, and then complete the transfer. The website also features a tracking…

---

Filed under: News - @ June 25, 2024 10:28 am