Harmony Introduces Bored Ape Yacht Club NFT Passport
Announced on Friday, blockchain platform Harmony launches its Bored Ape Yacht Club NFT Passport.
The Bored Ape Yacht Club Passport was unveiled on Friday by blockchain platform Harmony, whose mainnet relies on the Ethereum network and claims to have two-second transaction finality and fees 1,000 times cheaper than Ethereum. The Passport allows users to import proof of their apes into DeFi Kingdoms, a play-to-earn game with over 120,000 monthly active users built on the Harmony blockchain. When Ape holders connect their MetaMask wallet to DeFi Kingdoms in the early phases, they will be able to validate and show their assets in the game across various blockchains.
Because cross-chain technology is still in its development, funds may be at risk when bridging between chains, as the greatest decentralized attack of the year demonstrated. Harmony's Passport, on the other hand, does not shift assets; rather, it confirms asset ownership across different blockchains, ensuring their legitimacy throughout. Horizon, the company's cross-chain bridge, currently supports Harmony, Ethereum, BNB Chain, and three more blockchains.
Leo Chen, Harmony's team member states,
“We wanted to give all NFT holders more utility and options to display their NFTs and participate in the Metaverse. Bored Ape Yacht Club holders are the first choices. The cross-chain identity creates a secure and easy way to do so without putting their assets at risk.”
In a similar move, Twitter launched its non-fungible token campaign last month, allowing its premium subscribers to display their NFTs as profile images. However, the feature's technical capabilities are still being tested, with only Ethereum-based NFTs eligible and no cross-chain functionality.