Layer2 – Why Did We Work On It

Layer2 – Why Did We Work On It

GuardianLink might have created quite a revolution in the field of technology powering NFTs and making them reachable for celebrities. However, all these efforts culminate in our mission and vision of making nonfungible tokens more accessible, affordable, reliable, and secure.

Our endeavors cannot be addressed by looking at one part of the spectrum. Yes… Our no-code NFT launchpad platform makes it easy for celebrities and brands to bring their digital collectibles into existence without any hassle. However, there are a few more challenges that need to be addressed, not the least of which include transaction costs, security, and interoperability.

We believe in addressing issues one day at a time… we had taken a considerably successful first step by launching our platform and it became more pronounced and solid because India’s first celebrity rare art NFTs featuring the Bollywood legend Amitabh Bachchan. Recently, GuardianLink, through its NFT marketplace Jump.trade, also launched the Meta Cricket League, the world’s first P2E cricket game.

While these are achievements well worth being flaunted, we still have a long way to go when it comes to accomplishing our mission. In this process and in this progress, we intend to create milestones after milestones, each of which will mark a distinct epoch not only in the history of GuardianLink but in the history of NFTs as a whole.

One such innovation we have introduced to the world of NFTs is the introduction of Layer 2. Our Layer 2 is built on the top of the Ethereum Layer 1. We have built the Layer 2 in collaboration with StarkWare, exclusively for NFTs and we intend, in line with our philosophy, to make NFTs more available and accessible.

What all do our Layer 2 promise?

To encapsulate it in a single line, our Layer 2 endeavors to get rid of all the deterrents that people might use as excuses when it comes to trading NFTs.

No Gas Fees – Our Solid Commitment

The first and foremost advantage that will be brought in by Layer 2 is the complete elimination of gas fees. As most of you may have known, gas fees, sometimes, end up being higher than the actual cost of the NFT itself.

Let us take a simple little example! How irritated would you be if the cost of delivery of your food item on Postmates or Swiggy was higher than the cost of the food itself? It’s kind of frustrating, right?! This is precisely the case with NFTs when it comes to gas fees.

No… We are not denying the importance of gas fees and the intensity of resources that go into executing the processing/sale/transfer of NFTs. However, we are also sure that no one can deny how deterring gas fees can be when it comes to the purchase of NFTs, especially in a market like India. This holds even more true when we are looking to democratize the access of NFTs through nominal costs.

Our Layer 2 will ensure that there are no gas fees for a lifetime… And more. This will bring a lot of people into the umbrella of trading NFTs without the fear of exorbitant gas fees.

An Added Layer… Of Security!

Does Layer 2 mean that there will be any compromise on the intensity of security? Definitely not! Layer 2 is secured by the Ethereum L1 consensus mechanism, which is considered to be a sort of gold standard when it comes to security. The consensus mechanism also uses zero knowledge proofing which would mean that there is no interchange of any sensitive information while the entire consensus process is executed without any flaw or lapse.

Considering some breaches in security with respect to NFTs in the recent past, and the magnitude of investments that people make in NFTs, security is of paramount importance. While the NFTs themselves sell because of how lucrative they are, their attributes, and the other brand elements, any lapses in security can instantly shatter your years of a reputation built for the NFTs and the community. Keeping this in mind, our Layer 2 ensures that security does not slip even by a single notch!

One Solution for Every NFT Need

Wouldn’t it be great if there was a single place in space where you could store all your NFTs and tokens? This is precisely the solution that GuardianLink is aiming at with its dedicated wallet.

The GuardianLink wallet is an essential component of the Layer 2 that is being introduced. The GuardianLink wallet will be extremely versatile and dynamic and will help you in securely hold your NFTs and tokens in a single place.

The Layer 2 architecture also brings you the advantage of the multi-chain architecture. This would mean that your NFTs are operable across multiple chains and it also supports inter-chain communication. 

And One Little Thing – It’s Blazing Fast!

Another often overlooked need of the NFT world is swiftness in transactions. When NFTs become mainstream, it will be the speed of transactions that spells out the difference between the mediocre and the excellent.

The Germany Layer 2 is equipped to handle up to 9000 transactions per second. This would mean that the Layer 2 is optimal in its capacity to process large volumes of NFT transactions, making it congenial and adequate for the NFT-centered world of the future.

To close…

This innovation called the GuardianLink Layer 2 might be, in the words of Neil Armstrong, one small step for the organization but one giant leap for the world of NFTs! We have already pioneered the Layer 2 on our marketplace, and we hope to make Layer 2 an integral part of our future launches and the market places the power.

In all of this, we are obligated to inform our community that our quest to innovate and improve the NFT space with every passing day will continue without any attenuation!