Bridge Mutual is excited to announce our latest partnership with Bondly Finance, one of the leading players in the digital asset e-commerce space focusing on escrow, interoperability, and non-fungible tokens. Bondly is an ambitious project creating many new product offerings for users, such as a decentralized, peer-to-peer exchange, a payment platform, a decentralized escrow service, and more. With Bondly, these offerings will be available to complete cross-chain operations, meaning users will not be limited to interacting and using just one blockchain platform.
Creating Bridge Mutual NFTs
An NFT, or non-fungible token is a cryptographic asset that is completely unique and cannot be interchanged with other similar tokens. Unlike cryptocurrencies such as BTC or ETH where tokens are uniform and can be regularly interchanged, the uniqueness of each NFT does not allow for fungible exchange. The ideas behind non-fungible tokens are still relatively new in the blockchain space, and many users that are aware of their existence think of NFTs as digital art or collectibles, but NFTs have the potential to be much more and serve many purposes.
Bondly is set to become a crucial partner for us at Bridge Mutual. Not only will Bondly Finance assist with the issuance and technical design of complex NFTs, but also those who hold Bridge Mutual NFTs will be able to securely sell and resell the NFTs through Bondly. We are looking forward to leading innovation within the DeFi space with Bondly Finance, and becoming more secure together.
As our partner, Bondly will aid Bridge Mutual in creating exciting, high-quality non-fungible tokens. Later this week, users will be able to purchase two limited edition Bondly Collectible NFT cards that provide the utility within Bondly’s trading card game and DeFi platform, and also provide perks within the Bridge platform along with a free airdrop BMI tokens to whichever address is holding the NFT.
“At this time, Bridge Mutual has planned 3 different types of NFTs that will be used within our system. We’re very excited to announce the first type of NFT we will have, which is the most simple in function and form: a collaborative artwork NFT with Bondly that will airdrop BMI tokens to the holder of the NFT over time, as well as provide other utility in the Bondly trading card ecosystem.” — Mike Miglio, CEO and Co-Founder of Bridge Mutual
To get your hands on the first Bridge Mutual NFTs, users will have to pick them up at BSwap.app, Bondly’s marketplace. The NFTs will be able to be bought with stablecoins, but some will exclusively require you to purchase them in $BONDLY. Users will then be able sell (or buy, if they missed out) the NFTs on Opensea.io
Bondly is an interoperable, transparent, and portable swap protocol designed to revolutionize traditional escrow methods and make everyone into their own digital marketplace. Our family of trust-enabling DeFi products is designed to be a part of everyday buying and selling activities, giving peace of mind for swap or online purchases. Our product BondProtect is a DeFi enabled eCommerce gateway specializing in integrating into your favorite online marketplaces very simply and easily with no integration fees, just staking tokens.
About Bridge Mutual
Bridge Mutual is a decentralized, discretionary p2p/p2b insurance platform that provides coverage for stablecoins, centralized exchanges, and smart contracts. Its platform allows users to provide insurance coverage, decide on insurance payouts, as well as get compensated for taking part in the ecosystem. Having vastly oversubscribed in its private sale, Bridge Mutual’s token, $BMI, is primed to have an explosive TGE on January 30th, 2021.