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- Slash Fintech Limited has launched the beta version of their interoperability protocol, Slash Vaults, which adds wallet functionality to Non-Fungible Tokens (NFTs).
- Users can deposit various tokens into their NFT wallets, and also withdraw them. A time-lock feature is also available.
- Slash Vaults is currently available on Ethereum’s testnet, Goerli, with plans for a public release and compatibility with Polygon in Q3 2023.
Slash Fintech Limited has launched the beta version of Slash Vaults, an interoperability protocol that allows NFTs to function as wallets. Users can deposit and withdraw tokens, and a time-lock feature is also available. The protocol is currently available on Ethereum’s testnet, Goerli, with a public release and Polygon compatibility planned for Q3 2023.
Slash Vaults: Revolutionizing NFT Functionality
Slash Fintech Limited, the company behind the cryptocurrency payment solution, Slash Payment, has introduced a new protocol that adds wallet functionality to NFTs. This innovative solution, known as Slash Vaults, allows users to manage assets such as stablecoins using their NFTs as access keys.
Features of Slash Vaults
Users of Slash Vaults can deposit various tokens into their NFT wallets and withdraw them as needed. The protocol also includes a time-lock feature, which allows users to lock their tokens until a specified date. This feature can be used to design incentives for token holders. Furthermore, NFT projects can conduct airdrop campaigns targeting user’s NFT wallets set up in Slash Vaults. Users who receive airdrops can withdraw the tokens they received through their NFT.
Availability and Future Plans
Currently, Slash Vaults is available on Ethereum’s testnet, Goerli. However, the company has plans for a public release and compatibility with Polygon in the third quarter of 2023. Users can deposit native tokens from various blockchains and four types of stablecoins into Slash Vaults. The deposited tokens are stored on Slash Vaults, and only NFT holders can withdraw them.
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Conclusion
Slash Vaults aims to integrate new concepts and utilities into NFTs, which were primarily used for ownership and trading. As an innovative solution exploring the interoperability of blockchain technology, it is positioned as the second main business in Slash. With its unique features and future plans, Slash Vaults is set to revolutionize the way users interact with their NFTs and manage their digital assets.
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