Flare Now Has Its First-Ever NFT Platform: Introducing Sparkles

Tue, 04/06/2021 - 12:28
Vladislav Sopov
Sparkles will be the first NFT-focused project on Flare. Why did Sparkles choose it over Ethereum (ETH)?
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More and more products are announcing their interest in building on much-anticipated blockchain Flare. Once it launches, it will have staking pools, decentralized financial protocols and more. Now, the Sparkles teamfocused on releasing non-fungible tokenshas joined the league of Flare-based projects.

Sparkles launched to bring NFTs to Flare

According to an official announcement shared on Medium, the Sparkles team is going to deliver a technical framework for minting non-fungible tokens on Flare.

Image via Twitter

The project was founded on March 7, 2021. Today, it revealed its logo, other symbols and roadmap and announced a new stage of team member hiring.

The next milestone for Sparkles will be releasing the full-stack marketplace for non-fungible tokens. Flare enthusiasts will be allowed to buy, sell and mint NFTs without leaving the blockchain.

Once the marketplace is live, the project will start its migration to decentralization. Starting from the involvement of the Sparkles community in making meaningful decisions, the project will evolve into a decentralized autonomous organization, or DAO.

Challenging Ethereum (ETH) supremacy

In its introductory publication, the Sparkles team explained why it chose Flare (FLR) as the technological basis of their product.
Today, the majority of NFTs are released on Ethereum (ETH) blockchain. Meanwhile, the Sparkles team admits that Ethereum (ETH) fees are too high, so developers must seek alternative solutions.

Also, Ethereum's proof of work (PoW) consensus based on miners' computational powers leaves a massive carbon footprint.

Ethereum Might Be Next F-Asset on Flare: Community

That is why Sparkles decided to build on Flare with its Federated Byzantine Agreement (FBA) consensus. Also, NFT enthusiasts are interested in letting their projects resonate with an audience of millions, with XRP, Dogecoin (DOGE) and Litecoin (LTC) integrated by Flare as F-assets.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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