Sparkles NFT went live on Flare Network, becoming the first-ever NFT marketplace on Flare.
Sparkles, an open NFT marketplace, was launched in January 2022 on Songbird, a canary network for Flare. A canary network is a working blockchain with a defined token supply intended to be used as a testbed to evaluate the functionality of the associated main net.
Sparkles is responsible for the majority of NFT transactions on Flare’s network, and Flare had delayed more than 90 percent of NFT sales on Songbird. Sparkles have carried out 3.5 million US dollars worth of value in trade.
It is the host to above 3,200 collections and has an average of 176 sales each day.
Earlier to the launch, in 2021 Sparkles became a part of the Crypto Climate Accord and pledged to become net zero by 2030.
Impressively, Sparkles has already met the pledge and holds an environmentally positive status. The status was achieved by collaborating with a major carbon commodity firm, SCB.
Sparkles estimated the platform’s carbon footprint and bought carbon credits. It was done by making use of Toucan’s bridge to withdraw the credits on the chain. The purchase of carbon credits neutralized carbon emissions.
The new move will decentralize the core technology and infrastructure of Sparkles as it will transition into a DAO with the launch of the Sparkles NFT token.
Recently, Sparkles released a comprehensive whitepaper detailing its plans for a completely decentralized NFT protocol that will be in perfect alignment with the core technology of Flare, which is advertised as the goal of connecting everything. The whitepaper also mentioned that the NFT protocol would be run for the community by the community.
As of the latest updates, Sparkles targets to use the native interoperability protocol of Flare. This move is supposed to enable new use cases for NFTs and NFT holders.
The co-founder and CEO of Flare, Hugo Philion said his company was pleased that Sparkles has agreed to continue its NFT platform development on Flare.
He continued that the decision has integrated Flare’s core protocols to champion NFTs, provided opportunities for Songbird and Flare holders to participate in the digital art space, and opened up new opportunities for artists and creators around the world.
Philion added that the company was looking forward to seeing Sparkles become a community-owned platform and push the boundaries of NFT innovation on Flare and support digital artists on their journeys.
The founder of Sparkles said that he and the company were honored to lead the way when it comes to NFTs in the Flare network. He added that Flare would be home to many new artists, brands, games, companies, metaverses, and related. He believes that the Flare network holds a bright future for NFTs.
The CMO of Sparkles, Shane Snary, said that Sparkles was a unique business in the world of Web3. Snary continued that the company aims to go beyond just being a place for users to buy and sell NFTs, to educate and empower artists around the world was a crucial step in making NFTs the go-to standard for artists to adopt.
He further said that Sparkles was now positioned at a place to make it a reality by setting up modules where it would be able to teach artists to use the marketplace. He hopes that it would extend to further universities and schools and that it was only possible with the usage of Flare blockchain.
The State Connector protocol of Flare has already enabled the off-chain information to be used scalably, securely, and trustlessly with the Smart contracts that are embedded in Flare.
On Flare dapps are offered with highly decentralized prices and data series with the usage of the underlying structure of the network. This is maximized by FTSO, Flare Time Series Oracle, and is done without associating with data providers.
Sparkles on joining hands with Flare, which provides an option for the users to directly manage the NFTs that they have in their wallets. sParkles has chosen to integrate its APIs into the most used Flare wallet, Bifrost wallet.
Sparkles would also consider the concern regarding NFT IP Rights (Non-fungible token Intellectual Property rights) of NFT owners in the DOTM collection, (Defenders of the Metaspark collection), which is to be launched soon. As a measure on-chain IP licensing would be attached to the operations.
The metaspark minting would have features such as high-resolution PFP, Picture for Proof, metaverse integration, and metaverse-ready 3D assets in addition to the on-chain IP licensing.
What Is Flare?
Flare is a Layer 1 blockchain based on EVM, Ethereum Virtual Machine.
What Makes Flare Special?
The developers have access to high-integrity data on other chains and the internet. The access is subject to decentralization.
Flare: Features Of Flare Decentralized Access
- Validated new use case
- Validated monetization model
- Single deployment
- Lets apps serve more than one chain.
What Is Flare State Connector Protocol?
Information is incorporated from other blockchains and from the webspace.
Used on Smart contracts on Flare
Flare State Connector Protocol: Features
- Incorporated information is secure
- Incorporated information is scalable
- Incorporated information is trustlessly, that is, there is no need to rely upon a third party’s trust.
What Is FTSO Flare Time Series Oracle?
FTSO functions by not linking with centralized providers to offer highly decentralized data feeds and prices to Flare dapps.