Wednesday, May 5, 2021

Non-Fungible Token (NFT) Is Coming To IOTA; Omoku Opens New Opportunity for Fiat IOTA Purchases

As the craze around non-fungible tokens (NFTs) continues, every crypto project has been managing to seize a means to join the bandwagon. In this regard, IOTA, a distributed ledger platform, is also striving not to lag behind.

According to an announcement on 16th April 2021, an NFT marketplace is on the cusp of launching on the IOTA pollen network. Going by the report, work is ongoing to make the first version of the NFT marketplace on IOTA a reality.

Read Also: Nft-maker. io, the Easiest Way to Mint Non-Fungible Token (NFT) on Cardano, Launched

The first test version will go live soon. The report added that IOTA community members will also be able to mint and purchase IOTA NFTs on the upcoming test version.

NFT Marketplace tweeted, “We are currently building the IOTA NFT Marketplace MVP on the pollen network. We work on getting this first version done almost every night. You (the community) will have the opportunity to mint and buy IOTA NFTs on this first test version. More Soon!”

Read Also: Kelp GUI Beta v1.0.0-rc2 and Kelp CLI Are Now Live on Stellar Mainnet with Major Changes

Omoku Opens New Opportunity for Fiat IOTA Purchases

According to a recent announcement, the software development team Omoku is about to make the process of interaction between fiat payment systems and post-Chrysalis IOTA easy. This implies that IOTA’s reusable addresses can now be stored in one’s Omoku account to buy IOTA seamlessly.

Omoku shared the new development as follows:

“The Chrysalis update and the reusable addresses fully align IOTA with other cryptocurrencies in our buying process. IOTA addresses can now be permanently stored in your account and used for the purchase of MIOTA (from 0.9% total fee) – if desired also for recurring orders.

“We will release a major upgrade on our platform on 28.04. Our new API that is being integrated in different kind of applications and use cases will be part of it. Not only OMOKU but the whole IOTA ecosystem can benefit from that development. Thank you for being a part of OMOKU.

Read Also: Ethereum Layer 2 Scaling Solution, Optimism, Postpones Its Public Mainnet Launch

“Besides, next to further UX improvements and more tutorials for beginners, we are also still working on instant SEPA payments. Our goal is that IOTA and other cryptocurrencies can be bought instantly by bank transfer anytime from anywhere. The ETA for that feature is Q2 2021.”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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