With Juungle, Bitcoin Cash (BCH) tries to jump on the NFT hype bandwagon

By: Bharggavi Ssayee

March 31, 2021 3:08 AM

In search of the unique token - The madness of non-fungible tokens (NFT) has been in full swing for several weeks, to the point that some are devoting real fortunes to it. No doubt to ride this beautiful wave of enthusiasm, an exchange platform project from NFT has just been launched on the Bitcoin Cash blockchain: Juungle.

When the Bitcoin clone starts cloning Ethereum NFTs

The first non-fungible tokens that were so successful as to make an impression are certainly the CryptoKitties in 2017, which at the time succeeded in creating one of the first transaction bottlenecks in the Ethereum network.

This March, the Bitcoin Cash (BCH) blockchain is trying to embark on the adventure, with NFT's buy / sell platform called Juungle.

Although the Bitcoin.com media explains to us, in a publication, that the marketplace is still in the Alpha phase of development, NFTs can already be sold and bought there, against BCH therefore.

These first NFT-BCHs are based on the Simple Ledger Protocol (SLP). We still feel that the site is still under construction. And for now, the offer is still relatively thin, since there are only about ten different NFT collections.

We are therefore still a long way from the plethora of unique digital images offered by a site, like OpenSea, on Ethereum, for example.

It must be said that the smart contracts present on the ETH network greatly facilitate the development of NFTs and their exchanges, even if other blockchains are also trying their hand, with varying degrees of success. But after all, tastes and colors are indisputable, especially in art.