Komodo’s KMD Token Surges on Interoperability Expansion and NFT Plans

Komodo's KMD Token

Komodo has surged 54%  to $0.687 after integrating support for 13 blockchain networks and announcing the deployment of non-fungible token collectibles.

The upcoming launch of Cyber Komodos, an NFT project on Komodo, is boosting activities in the network.

Cyber Komodos is a collection of 777 rare Komodos NFTs expected to debut on the Tokel protocol on March 15.

AtomicDEX, a decentralized exchange that supports protocols sharing a source code with bitcoin and EVM-compatible blockchains, is another aspect of the KMD price rally.

The DEX is planning to incorporate Cosmos, Polkadot, and Digibite in the future. The decentralized exchange executes trades via atomic swaps to enhance security. 

Blockchain interoperability continues to take center stage in the sector despite security challenges, including the $321 million Wormhole hack.

Komodo is an open-source, multi-chain protocol featuring an AtomicDEX wallet and a non-custodial decentralized exchange.

Source: Cointelegraph

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