brings on-chain NFT withdrawals to other supported marketplaces by

  • The new facility allows users to swiftly move their NFT across marketplaces supported by
  • also plans to bring multichain support featuring self custody of digital collectibles.

Digital collectibles, aka non-fungible tokens (NFTs), minted on shall now be available for on-chain withdrawals at Users will be easily able to transfer their NFTs to other marketplaces or wallets supported by This also includes transfers between the DeFi Wallet as well as Chain Desktop Wallet.

The development comes just four months after the launch of’s NFT platform. Since March, the platform has been hosting NFTs representing outstanding pieces of original content from A-list creators.  It includes content from popular personalities like Snoop Dog, Boss Logic, Lega Serie A, KCamp, CLOUD, and others. Commenting on this latest development, Kris Marszalek, co-founder and CEO of said:

Opening on-chain withdrawals is important to collectors, we’re happy this feature is live. We’re looking forward to releasing multichain support in the future, opening up further self-custody and display options to collectors.

Supporting NFTs on the Ethereum Network

Last month, the platform announced that its non-custodial DeFi Wallet shall be supporting the ERC721 and ERC1155 NFTs on the Ethereum network. The DeFi wallet allows users to manage, view, send and share their NFTs along with their DeFi tokens.

Users can also manage and glance at their entire NFT collection in one place by checking out their dedicated ‘NFTs’ page in the DeFi wallet. The ‘NFTs’ page consists of two sections – ‘Spotlight’ and ‘Collection’. Users can view specific NFTs by moving them to the ‘Spotlight’ section at the top of the page. Besides, they can view additional details, share, send and spotlight NFTs just by tapping the digital collectible.

To receive the NFT, users just need to copy the wallet address from the ‘NFTs’ page. The wallet address to receive NFTs will be the same as the users’ Ethereum address. To send the NFT, users only need to tap on the digital collectible, click ‘send’ and enter the recipient’s wallet address when prompted. forms important partnerships

The app has witnessed strong growth since it went live in 2016. Today, it serves more than 10 million customers worldwide. To expand its footprint in the crypto industry, has formed important partnerships with different players.

Back in April 2021, TIME Magazine joined hands with to facilitate crypto payments. With 2.3 million subscribed readers, TIME provides the facility to offer digital subscriptions payments in cryptocurrencies. Recently, also announced its partnership with UFC for a ‘fight kit’. The partnership allows to put its branding on UFC kits worn by its athletes.

Read More: TIME Magazine partners with to offer cryptocurrency payments

About Author

Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.

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