Momento is a Decentralized Finance firm that works on NFTs and other blockchain products. In a recent announcement, Momento revealed that the firm would partner with Moontography, another firm specializing in crypto-based products and services. This new partnership is aimed to reduce the issues related to cross-chain features. Along with this, the partnership aims to promote atomic swaps.
Atomic swaps are automatic exchange contracts that enable different users to exchange tokens across distinct blockchains. These swaps form an important part of crypto payments. Therefore, when it comes to the fundamentals of this partnership, the goal is to enhance cross-chain token usage.
Momento and Moontography are ready with their new projects
Momento takes one step further into the NFT industry, allow the users to stake their cryptocurrency-based tokens and earn from them. Momento is known for offering two types of non-fungible tokens. The first type is the tokens wherein memorable moments of human history are depicted. The second type depicts the notable moments of the crypto industry.
On the other hand, Moontography specializes in cross-chain transfers and atomic contracts. The partnership of Momento and Moontography will remove issues related to the illiquidity of assets along with providing easy cross-chain transfers.
What does the DeFi firm seek to achieve?
The $MOMENTO token operates on the Ethereum chain and BSC chain at the same time, making it a cross-chain token. Therefore, through the partnership, Momento seeks to improve its NFT staking process and smoothen the process of transfers of these assets. Hence, any user of the Momento platform can easily earn, transfer, as well as stake their asset.
Users can use the simple token swapping feature or the Atomic Swap to easily swap tokens between MATIC, ETH, Binance Smart Chain, and many more. Moontography and Momento seek to improve their cross-chain interoperability and to remove any discrepancies in the staking process.
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