But more people are minting L2 NFTs.
Here’s an article we recently wrote that goes on a deep-dive about Layer 2s. But essentially, Layer 2 solutions are technologies designed to scale the blockchain's transaction capacity while maintaining security. They operate on top of the main blockchain (Layer 1) and offer faster and cheaper transactions.
L2 solutions work by taking transactions off Layer 1 and processing them separately. The finalized transactions are then posted back onto the main blockchain. It's like taking a detour around heavy traffic — efficient and time-saving!
Several platforms have emerged that support L2 NFTs. Notable examples include Immutable X, Polygon, and zkSync.
Each platform has its own unique features but shares the common goal of making NFT transactions faster and more affordable.
Because L1 gas prices are too high.
Now, let's dive into the meat of the matter — L2 NFTs. L2 NFTs are Non-Fungible Tokens that are transacted on Layer 2 solutions.
They offer the same unique digital ownership as traditional NFTs but with the added benefits of Layer 2's speed and cost efficiency.
With L2 NFTs, creators can enjoy low transaction costs and high scalability.
This means creators can create and sell more NFTs without worrying about hefty gas fees or slow transaction times. It's a win-win situation for both creators and collectors!
While Layer 2 solutions are designed to improve scalability, there are still limits to how much they can handle. As NFTs continue to explode in popularity, these solutions must continuously evolve to keep up with demand.
While L2 solutions generally maintain the security of the main blockchain, there are still potential vulnerabilities. As these technologies are relatively new, they need to be thoroughly tested and vetted to ensure their security.
The full collection consists of 11,100 creatures, and a has sold total of $5.6M, with the highest transaction valued at $22,600.
The full collection consists of 11,100 creatures, and a has sold total of $5.6M, with the highest transaction valued at $22,600.
Immortal Game's all-time trading volume is $505.5K, with one asset fetching $14,300 alone.
The collection has sold over $18M worth of assets, with the highest sale coming in at just over $30,000.
The Sandbox is a community-driven platform where creators can monetize voxel assets and gaming experiences on the blockchain.
y00ts is a generative art project of 15,000 NFTs.
Pluto is a world of fun, interactive experiences that cut across art, gaming & fashion.
Planted in this collection, you’ll find all the Lens Protocol Profile NFTs that have been claimed so far.
Treasure is the decentralized video game console connecting games and communities together through imagination, $MAGIC, and NFTs.
Legions are characters dedicated to exploring and expanding the Treasure ecosystem through Bridgeworld.
Arbitrum is an Optimistic Rollup built to scale Ethereum by @OffchainLabs.
Government Toucans are an exclusive set of Arbitrum NFTs released by Shell Protocol.
The world of L2 NFTs is still in its early stages, but the potential is undeniable. With continued innovation and technological advancement, the future of L2 NFTs is bright.
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