Decentralized NFT marketplace Sparkles has launched on the Flare network, following a successful debut on Songbird, Flare’s test network.
The platform handles over 90% of all NFT sales on Songbird, making it the first NFT marketplace to launch on Flare’s Layer 1 network. By launching on Flare network, Sparkle is able to take advantage of Flare’s interoperability features and protocols, opening up new use cases for NFT holders and digital assets. Flare acts as a decentralized oracle, providing developers with trustless access to data from external sources and other blockchains.
Sparkles benefits from this decentralized oracle, as it sources secure, scalable, and trustless data from the State Connector and relays it to DApps on its platform. The platform currently has over 3,200 creators and collections, averaging nearly 200 NFT sales every day, and has translated to $3.5 million in value traded since launch.
According to Hugo Philion, the CEO & Co-founder of Flare, the integration of Flare’s core protocols by Sparkles would champion NFTs and offer opportunities for SGB and FLR holders to engage in the digital art space. Meanwhile, Sparkles Founder, Mohamed Kanoun, expressed optimism that Flare would become the base for several artists, brands, companies, games, metaverses, and other new ventures, believing that the future of NFTs on the Flare Network is bright.