GuardianLink, an NFT marketplace, has partnered with StarkWare, a blockchain company headquartered in Israel, has confirmed the launch of a layer 2 zero gas fee for NFTs or non-fungible tokens, which will operate at using Zero-Knowledge Rollup (zk rollup), a layer-2 blockchain solution that performs off-chain computations and storage while funds are held in a smart contract.
GuardianLink strikes deal with StarkWare
According to a report As shared by GuardianLink, gas fees have been a significant issue for NFT enthusiasts who constantly mint these blockchain-based tokens on the Ethereum or Solana network. Gas fees are the transaction fees that people mounting NFTs on blockchains have to pay. The company plans to use zk rollups to reduce gas fees to zero in the NFT market.
Additionally, zk rollups can reduce gas fees to zero on GuardianLink, improve trading speed, and enable efficient scaling for high-frequency trading and NFT Gaming. It is also crucial to note that despite being minted on the layer 2 blockchain, NFTs will be secured by the Ethereum network as if they were minted on the layer 1 blockchain.
GuardianLink believes this is game-changing technology for the NFT industry, and its deal with StarkWare will be a first for the Asian market.
Exclusive Cricket NFTs
GuardianLink will publish its exclusive cricket NFTs and digital cricket collectibles via Jump.trade, a fully operated NFT games marketplace operated by the company. As per its deal with StarkWare, the company will use its technology for the base layer of the Layer 2 solution, making it interoperable with all major blockchains including Ripple, Solana, Polygon, and Avalanche, etc.
Arjun Reddy, co-founder and CTO of GuardianLink, commented on this development:
“Our R&D team has worked diligently to deliver technology supremacy to our NFT community, along with Layer 2 with no gas charges and interoperability with top blockchains. This Military Grade Secure product will allow users to strike on Jump.trade without gas charges and support unlimited transactions over its lifetime, encouraging greater participation for marketplaces like the India.