About Madja NFT and his NFT currency collections

Madja NFT is an NFT and content creator based in Indonesia who has been working with crypto since 2016. He specializes in virtual currency design: most of Madja’s collections represent coins that could be used by various metaverses and companies.

Indeed, if in the near future major corporations and online platforms switch to digital assets, and if we start doing part of our shopping in the metaverse, such currencies will need to have designs of their own. Real-world coins have various images on the obverse and reverse – and metaverse currencies should be no different.

As stressed by Madja himself on Instagram, Amazon is already considering creating its own digital currency, and Tesla famously experimented with accepting DOGE. In computer games, characters routinely collect and use virtual coins, and those are always carefully designed.

Madja’s art combines these two ideas: they are NFTs that visually represent imaginary digital currencies: for example, Etherblocks Metaverse, AI General Diamonds, Bicasso Cash, etc. Apart from NFT art proper, Madja also creates content for Instagram and TikTok.

All of Madja’s creations are issued on Polygon as ERC-1155 – a more advanced NFT standard that ERC-721. ERC-1155 makes it possible to issue both true non-fungible, semi-fungible, and fungible tokens, which is far more suitable for “virtual currency” collections. Also, with ERC-1155 you can transfer any number of NFTs or SFTs in one transaction. The cost of deployment is lower, too.

For example, some of Madja’s OpenSea listings feature 100,000 tokens of the same type – something that wouldn’t be possible with ERC-721.

Going cross-chain: should independent artists try it?

It’s not easy for an NFT creator who doesn’t have VC investors behind them to compete with generative AI art projects. Promoting one’s work is especially hard, because marketing costs money – and there is no guarantee that a collection will sell out. Besides, such independent creations usually don’t have the advantage of additional utility such as staking for token rewards, being used in a game, etc.

Bridging to another chain can be a very interesting alternative way to increase one’s audience and income. The secret to success can be branching out to smaller chains, where liquidity may be lower, but community engagement is higher.

Most independent artists issue NFTs on Polygon or Ethereum, but there you have to compete with thousands of other projects. By contrast, a network like Avalanche, VeChain, MultiverseX, or TON has far less competition – and NFT users are more receptive to new artists and projects. Even if the selling price of each NFT will be lower (and it’s likely to be), you can sell more without spending anything on paid marketing.

Many creators don’t consider the bridging option because they think the costs would be prohibitively high. However, thanks to XP.NETWORK’s batch-bridging algorithm, you can transfer a lot of NFTs in one bundle and save over 50% in gas fees. Further, if you bridge between two low-fee chains, such as Polygon and MultiversX or Avalanche, for example, the fees will be negligible.

Bridging Madja NFT art from Polygon to BSC and Avalanche

For us at XP.NETWORK, collaborating with Madja was a very interesting project, as ERC-1155 collections are still not that common. Our powerful NFT bridge supports this standard, of course, and we wish more projects used it – however, most still stick to the tried-and-true ERC-721.

Madja made the decision to target BNB Chain (formerly known as BSC) and Avalanche first. These are solid choices, as both chains have relatively big NFT communities and liquidity. Plus, the actual bridging process is easy, since, like Polygon, these are EVM chains. An NFT smart contract usually doesn’t require changes when bridging between two EVM blockchains – that’s why we’ve even implemented automated whitelisting and deployment for a few of them in our V.3.0 bridge version.

For now, we’ve transferred some NFTs from the following collections:

• From Polygon to Avalanche: Etherblocks, Etherblocks Artist, ElonMusk Little Artist

• From Polygon to BNB Chain: Marketplace Community Cash, Elon Brothers, Elon Brothers Gold, Elon Brothers Artist.

For each of these, XP.NETWORK Explorer tool shows the origin and destination chains, sender and recipient wallet, transaction hash, destination hash, and the total transaction fee in the currency of the origin chain (around $0.5 in MATIC in this case).

The next part of the experiment will be for Madja to sell these bridged NFTs on Avalanche and BSC – be it on OpenSea or on other marketpalces focused on these chains. We will let you know how it goes.

If you are an NFT artist looking to gain new followers, you should definitely consider bridging. It can be even more interesting to choose a non-EVM ecosystem with a lively NFT scene as destination – such as MultiversX or Solana, for example.