Holograph Use Case: Cross-Chain NFT Arbitrage
lostmidas
0x1795
Holograph
0x0485
May 31st, 2022

Holograph unlocks entirely new use cases for NFTs. Let’s explore an example.

Cross-Chain NFT Arbitrage will enable traders to profit from the slight differences in the price of NFTs listed on marketplaces across different chains.

Simply put:

  • Buy NFT at a lower price on Chain A
  • Bridge NFT
  • Sell NFT at a higher price on Chain B
  • Profit the difference

Here’s an example:

  • Buy WonderfulDay Tiger NFT listed at 3 BNB on BSC
  • Bridge NFT to Fantom
  • Sell WonderfulDay Tiger NFT for 2,427 FTM on Fantom
  • Earn 81 FTM in profit

Cross-chain arbitrage will catalyze volume on less liquid chains. Over time, NFT prices will arrive at a true fundamental value, resulting in overall greater market efficiency as prices converge between chains.

Thanks for reading and make sure to keep in touch!

Arweave TX
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