- Using zk rollups, the business intends to lower NFT gas prices to zero.
- Even if NFTs are minted on a Layer 2 blockchain, they will be protected.
GuardianLink, a non-fungible token (NFT) player, has announced a partnership with Israeli blockchain firm StarkWare to launch a zero-gas-fee Layer 2 for NFTs, which will use Zero-Knowledge Rollup (zk rollup). This Layer 2 blockchain solution accomplishes computations and storage off-chain while funds are kept in a smart contract.
Gas Cost- Huge Concern
Gas costs have been a difficulty for NFT fans who often generate these blockchain-based coins on the Ethereum or Solana networks, according to a report by GuardianLink. People that use blockchains to mint NFTs must pay transaction costs known as gas fees. However, using zk rollups, the business intends to lower NFT gas prices to zero.
For high-frequency trading and NFT gaming, the zk rollups may lower the gas charge on GuardianLink to zero, improve transaction speed, and allow efficient scalability. Even if NFTs are minted on a Layer 2 blockchain, Ethereum will protect them just as if they were on a Layer 1 blockchain.
Arjun Reddy, co-founder, and CTO of GuardianLink said:
“Our R&D team has been diligently working on providing technological supremacy for our NFT community, as well zero gas fees Layer 2 and interoperability with top blockchains. This Military Grade Secure product will empower the users to mint on Jump.trade with zero gas fees and support any number of trades throughout its lifetime, thereby encouraging greater participation for markets like India.”
In the eyes of GuardianLink, this is a game-changer for the NFT business, and their partnership with StarkWare will be the first of its kind in Asia. Jump.trade, the company’s gaming NFT marketplace, will host GuardianLink’s cricket-specific NFTs and digital collectibles. In addition, the Layer 2 solution is compatible with all major blockchains, including Ripple, Solana, Polygon, and Avalanche, as a result of the firm’s agreement with StarkWare.
Source: https://thenewscrypto.com/guardianlink-enters-partnership-with-blockchain-firm-starkware/