Venly is delighted to announce the launch of our second integration with Hedera, further expanding our options for our end-users of the platform. 

NFTs originating on Hedera, the most used, sustainable, enterprise grade public network for the decentralized economy, can now be bought and sold through the Venly Market. In addition, items sold on the Venly Market can amass royalties of up to 10% while purchases are rewarded with VENS (internal token) which in turn can lead to a USDC reward based on leaderboard ranking.

For improved ease of use, Venly has redesigned the profile section, streamlining access for users to follow up on their listings, purchases and bids. Moreover, improved status icons ensure that users are able to access this information with greater ease and efficiency. 

Christian Hasker, CMO of Swirlds Labs, the team behind the Hedera network, said: “As the Hedera community continues to grow, we are delighted to see projects like Venly help further reduce the barriers to entry for more users and developers to experience the benefits of Web3. As Venly's latest integration offers APIs for developers to build on Hedera as well as access to NFTs from Hedera via the Venly Market, this update will contribute to the growing reach and visibility of our ecosystem as a whole.”

These newly-launched features will help enhance user visibility, enabling users to clearly monitor their transaction history in USDC and VENS, while also offering a complete overview of all notifications for a seamless platform user experience. Users will now be able to deposit and withdraw USDC on the market with Ethereum, Avalanche, Hedera, or Polygon/MATIC, to ensure efficient access to funds.

Davy Van Roy, Co-Founder and CTO of Venly noted: “Hedera is a unique DLT solution different from Ethereum and other L1 solutions. As a network, it is incredibly fast and efficient. With our integration and partnership, any developer can use Venly APIs to start building and leveraging the core strengths of Hedera.”

This latest integration has also prioritised several design bug fixes, encompassing a consistently secure, simple, and stable user experience, which remains paramount to both Venly and Hedera. 

Venly’s stance in the blockchain space is overwhelmingly defined by a desire to make blockchain technology accessible for all. As such, this latest integration serves to remove roadblocks when it comes to user adoption, whilst also propelling developer project growth, and increasing our NFTs offering.