The NFT market has grown rapidly with a trading volume of around $2.6 billion within the first half of 2021, according to DappRadar.
However, very little is done for facilitating the mass adoption of NFTs. Out of the existing platforms, only a few cater to the internet-generic platforms (Twitter, TikTok, Reddit, etc).
ZKBox aims to create a highly functional Layer2 ‘NFT World’ with the distribution and creation of high-quality NFTs.
It is backed by a research and production team that had previously developed DEX, smart contracts, and the NFT social network.
The platform is introduced by L2 Lab Foundation and will provide influencers, artists, celebrities, brands, users, and intellectual properties to create, trade, and transfer NFTs on their platform.
Establishing NFT transactions framework
ZKBox will open-source its APIs for all of its projects and enable a one-click purchase of NFTs on their platform. The mobile version of the platform will also set down the threshold for users to enter.
The platform will support ERC-721 standards which are essential in order to establish a framework for NFT transactions and improving asset liquidity.
ZKBox seeks out projects with strong foundations and brings out well-known intellectual property to the platform while also partnering with famous influencers, artists, and celebrities.
ZKBox is the first platform that has been incubated by L2 Foundation. It focuses on Layer2 innovative projects and strategizing with other departments of projects in the ZK Ecosystem such as ZKSwap, L2 cash, ZKBox, and more.
The L2 Labs Foundation is leveraging the strength of the Layer2 ecosystem by investing in the incubation of startups and thereby accelerating the growth of promising projects.
For more information on ZKBox, please check out their website.
Disclaimer: This is a paid post and should not be treated as news/advice.