NFT trading Layer2 platform Frame.xyz, created by ERC-721 author @0xCygaar, announced the completion of a new round of financing and opened the query for airdrop to users who have traded NFTs on the Ethereum mainnet in the past two years.
(Foreword:
NFT trading platform NFT Trader suffered a large-scale hack! Hacker: I am a good person, transfer 10% ETH to me to redeem!)
(Background:
Bitcoin NFT Summer! Ordinals project BitcoinShrooms traded for $450,000, valued at 5 times)
Focused on creating a Layer2 platform for NFT trading, Frame.xyz announced today on X that it has successfully completed a new round of financing. Although the specific amount has not been disclosed, it can be seen that several heavyweight investors, including Electric Capital, 9gag founder Ray Chan, renowned entrepreneur Luca Netz, and former CEO of Sushiswap 0x Maki, have participated.
Created by ERC721 author
It is understood that Frame was created by the author of the NFT standard ERC-721, @0xCygaar. One of the highlights of the project is its close integration with Ethereum and its innovative application of Arbitrum Nitrostack. The combination of these technologies not only allows Frame to provide lower transaction fees and faster block times but also maintains equivalence and compatibility with the Ethereum Virtual Machine (EVM).
On the other hand, Frame’s Palette protocol, as another core feature, demonstrates support and protection for the rights and interests of creators. This protocol provides a permissionless platform at the client level, allowing users to freely create markets, providing creators with a more open and free market environment. In addition, Frame has also launched a creator fund, which supports creators and participants in the ecosystem by utilizing Gas fees from the Layer2 network, ensuring that creators can receive the rewards they deserve through royalties.
If you have traded NFTs, you will receive an airdrop
Frame launched its testnet in November this year and plans to launch its mainnet and native token $FRAME on January 31, 2024. According to the official website, anyone who has traded NFTs on the ETH network in the past two years has the opportunity to receive an airdrop of $FRAME. According to the official process, as long as you connect your wallet with your Twitter account and share Frame posts on Twitter for protocol verification, you can view the amount of $FRAME tokens available for claiming. However, currently, recipients can only view the balance and will need to wait for future opening to claim to their wallets.
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0xCygaar
Frame.xyz
layer2
NFT