ZKBox Free NFT Minting, Trading & Trading
ZKBox, a layer 2 NFT protocol based on ZK-Rollups backed by L2 Labs, launched its white paper and official website today, promising free real-time NFT minting, trading, deposit, and withdrawal services.
The layer 2 protocol advertises three important features on its official website: no gas costs, excellent efficiency, and ultra-security. To begin, ZKBox users can mint, trade, and transfer NFTs using the Layer 2 network without paying any Gas fees. ZKBox can also be used to send and receive NFTs between the Ethereum Layer 1 and Layer 2 networks in a matter of seconds. ZKBox allows users to preserve their private keys and uses ZK-Rollups, a layer 2 scaling technique, to assure Ethereum layer 1 and layer 2 state consistency with zero-knowledge proofs, ensuring Ethereum’s security.
“While eliminating block confirmation time, ZKBox can process up to thousands of transactions per second theoretically,” according to the White Paper. ZKBox’s Layer2 NFT protocol based on ZK-Rollup technology allows influencers, artists, celebrities, well-known brands, producers, and regular people to generate, transfer, and trade NFTs over the Layer2 network. ZKBox supports NFT transactions between Layer 1 and Layer 2 networks, as well as the ERC-721 standards, which are necessary for establishing a framework for NFT transactions and enhancing asset liquidity.