Licensed virtual currency provider Wert has partnered with blockchain firm Concordium as part of plans to “simplify” NFT trading processes via a module that can be integrated into web or module apps.

The companies said that the partnership aims to simply the process around buying and selling NFTs.

Via the Wert platform, users will be able to transfer funds immediately to the NFT marketplace, add utility token purchases or request that Wert query a smart contract before the transaction.

The new module will also allow anyone to sell cryptocurrencies on Wert’s website. Concordium said that the move builds on the ‘Concordium project’, an ecosystem designed to balance privacy and accountability through the proof-of-stake blockchain with a a self-sovereign ID framework.

The module will be customisable and will be available in mid-late 2023 through an interface requiring no deposits or commissions.

Commenting on the news Holger Fischer, blockchain solutions analyst at Concordium, said: "Wert.io is a great catalyst for lowering the barrier for use cases and projects to gain user-adoption, both for DeFi and dApps. And a service like this is a great addition to the Concordium ecosystem as a fiat-on-ramp that can interact with smart contracts.”

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