In the past week, Polkadot's NFT ecosystem has experienced significant growth in both transaction volume and partnership relations.
Polkadot recorded a sudden increase in revenue and fees on May 12th. However, this trend may not be sustainable as the graph quickly declined in the following days.
Polkadot has recently been posting its weekly summary on Twitter, highlighting the most notable developments within its ecosystem that have the potential to reshape the landscape.
According to Polkadot's latest tweet, Moonbeam, a Polkadot parachain, has announced the integration of XCM with Equilibrium. This will bring Multichain assets into a balanced state. It will also provide support for cross-chain assets from outside the Polkadot ecosystem.
Furthermore, applications on SubsocialChain can now be used without the need for wallets, tokens, or continuous confirmation.
In addition to the aforementioned updates, several integrations have taken place within the NFT ecosystem of the blockchain.
For instance, Astar Network has announced a collaboration with JR Kyushu, the largest railway network in Japan. With this new partnership, NFTs on Astar Network will provide souvenirs and "driver's license" certificates to 330 million railway passengers annually.
Santiment's chart also indicates a similar growth trend. According to the data, the number of NFT transactions and the USD trading volume on Polkadot have significantly increased in the past week, which seems optimistic.
