Benefits

The benefits of the above-discussed use case are listed below:

  1. Decentralized Architecture: Reliance on a central authority for asset transfer across the blockchain networks poses potential risks related to censorship and control. L1X provides a completely decentralized architecture.

  2. Increased User Base: Publishing an advertisement in the marketplace on the Ethereum blockchain network increases the user base as Ethereum has a robust ecosystem of many NFT marketplaces.

  3. Greater Liquidity: The availability of active traders and a well-developed ecosystem allows Ethereum to provide greater liquidity for NFTs.

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