Terra (LUNA) Announces Major NFT Project Integration

Kelvin Munene Murithi
January 11, 2024
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Terra Luna Classic Votes On LUNC Payout Proposal

Terra (LUNA), a blockchain network, has recently announced a development for its non-fungible token (NFT) projects. In collaboration with Ark Protocol, Terra is set to introduce interchain NFTs to the Cosmos ecosystem. This move aims to expand the reach and versatility of NFTs created on the Terra network.

Chris Amani, CEO of Terra, emphasized the importance of this advancement. He noted that Terra’s NFT projects would now have the opportunity to display their collections across multiple blockchain networks. The integration with Ark Protocol is a technical enhancement and a step towards greater visibility and accessibility for Terra’s NFT creators.

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Station v3 Extension Rolls Out

In related news, Terra has launched Station v3 Extension, an update for its web application Station. This upgrade marks the beginning of a broader rollout for Station v3. The new version is now available for download in Chrome Web and Microsoft Edge stores. This development is a part of Terra’s ongoing efforts to improve user experience and functionality. The release of Station v3’s dashboard and mobile applications is expected in the coming weeks.

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Terra’s Price Stabilizes Amid Developments

Despite these advancements, Terra’s market performance has been modest. After a decline in December 2023, the price of LUNA showed a slight increase of 2.46% in the last 24 hours, reaching $0.6835 at the time of reporting. This stabilization in price reflects the cautious optimism in the market following Terra’s efforts to rebuild its ecosystem after the challenges faced in May 2022.

Read Also: Elon Musk’s X Drops NFT Features in New Platform Vision

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.