- SuperFarm Partners With Immutable X to Deliver Low-Cost NFT Minting + Trading
While SuperFarm has started life on Ethereum, the current gas crisis is clear to see. From day one, SuperFarm’s mission has been to support cross-chain trading NFT minting and trading, while remaining anchored to the Ethereum ecosystem, around which the bulk of all DeFi and NFT activity revolves.
To facilitate this goal, SuperFarm is partnering with Immutable X to deliver low-cost NFT minting and trading using zk-rollups. This technology enables near zero-cost transactions, and is highly scalable, supporting up to 9,000 TPS. For NFT fans, who have been priced out of interacting on the Ethereum, this is great news: it means you can enjoy the low-fee environment of a layer two, coupled with the robust security offered by Ethereum.
SuperFarm loves Ethereum. Like many of you, its ecosystem is where we learned to trade and tokenize. It’s where we fell in love with crypto and discovered the many possibilities afforded by blockchain technology. Digital collectibles; virtual land; on-chain token swaps; yield farming. You name it, Ethereum is where it all began, and it’s where most of the groundbreaking ideas that are transforming the crypto industry still originate.
Nevertheless, we’re only too aware of Ethereum’s limitations, and that its ability to process more transactions at lower cost is probably still years away. 1000 gwei at peak times? Ain’t nobody got gas for that.
We’ve no intention of waiting years for a fix, which is why we’ve chosen Immutable X.
Immutable X’s tech is an ideal solution for SuperFarm on account of its ability to support the ERC-standards used for NFTs. In addition, Immutable X enables:
- Zero gas costs
No custodial risk
Up to 9,000 transactions per second
Supports ERC-20 and ERC-721
Same security as Ethereum
With Immutable X providing the scalable infrastructure, SuperFarm users will be able to mint and trade NFTs without needing to worry about gas prices. No more checking if there’s enough ETH in your wallet to complete a transaction and no more being priced out of the market. We’ve no desire to create an NFT ecosystem that’s only affordable to whales, which is why we’ve made the decision to move off-chain to Immutable X’s zk-based layer two.
The SUPER token will remain on the Ethereum, as will the NFTS released on the platform. We will supplement this, however, with the ability to interact with SuperFarm on Immutable X’s layer two, where transactions are virtually free and you can trade, swap, and mint NFTs to your heart’s content.
Immutable X is on course to deploy its zk-rollup solution in Q1 and SuperFarm will be one of the first projects to utilize it, introducing Ethereum NFTs — without the fees.
Please note that this does not change SuperFarm’s core mission to be cross-chain and exist on many blockchains. This is a path to near-term scalability for Ethereum NFT infrastructure.
- Date of publication:
- Tue, 02/23/2021 - 14:27
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