Zora, a leading NFT minting platform, has launched its own layer-2 network to reduce transaction costs and enhance the overall user experience. The new network, called Zora Network, is built on the Optimism layer-2 scaling network and is supported by over 35 platforms, including Sound, Rainbow, and Thirdweb.
Zora Network is designed to address the high gas fees that have been a major obstacle to the adoption of NFTs. With Zora Network, minting costs are reduced by a staggering 25 times compared to the Ethereum network. This makes it much more affordable for creators and collectors to mint and trade NFTs.
In addition to reducing transaction costs, Zora Network also offers a number of other benefits, including:
- Faster transactions
- Increased scalability
- Improved user experience
- Enhanced security
Zora Network is a major step forward for the NFT space. By reducing transaction costs and improving the overall user experience, Zora Network makes it easier for creators and collectors to participate in the NFT economy.
About Zora
Zora was founded in 2020 by three former Coinbase employees. The company’s mission is to “create a more open and equitable future for art and media.” Zora Network is a key part of this mission, as it makes it possible for creators and collectors to interact with each other in a more efficient and cost-effective way.
Future Plans
Zora plans to continue to develop Zora Network and make it even more user-friendly. The company also plans to launch a DAO (Decentralized Autonomous Organization) that will allow Zora users to have a say in the future of the platform.
Zora is a leading NFT minting platform that is committed to making NFTs more accessible and affordable. With the launch of Zora Network, the company has taken a major step towards achieving its mission.
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