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NFT Minting On Loopring Layer-2 Is Now Live

Twitter icon  •  Published 2 वर्ष पहले  •  Hassan Maishera

The Loopring team announced in a tweet over the weekend that NFT minting on its Layer-2 is now live.

The Loopring team announced in a tweet over the weekend that NFT minting on its Layer-2 is now live. Users can mint ERC-1155 NFTs on the Ethereum network via Loopring’s Layer-2 protocol. 

Layer 2 refers to a secondary framework or protocol that is built on top of an existing blockchain system. The main goal of these protocols is to solve the transaction speed and scaling difficulties that are being faced by the major cryptocurrency networks.

Loopring aims to build an open protocol for scalable, non-custodial, orderbook-based exchanges on Ethereum by leveraging zero-knowledge proofs. LRC, Loopring’s native token, is down by more than 2% so far today and is trading at $0.7512 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.