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Loopring founder Daniel Wang gave a speech “Counterfactual Wallet & NFTs on Loopring” at EDCON 2021
Summary: On August 29th, Loopring founder Daniel Wang was invited to participate at EDCON 2021 and gave a speech entitled “Counterfactual Wallet & NFTs on Loopring”. The speech proposed a new layer-2 counterfactual wallet that allows users to use the layer-2 smart wallet for free with a "use first, deploy later" method. Daniel also proposed a ...
On August 29th, Loopring founder Daniel Wang was invited to participate at EDCON 2021 and gave a speech entitled “Counterfactual Wallet & NFTs on Loopring”.
The speech proposed a new layer-2 counterfactual wallet that allows users to use the layer-2 smart wallet for free with a "use first, deploy later" method. Daniel also proposed a cross-chain and cross-layer composite solution for the Loopring Smart Wallet. Currently, Arbitrum has been integrated and Loopring plans to cooperate with Binance Chain or Optimism in the next phase as well. Daniel then went on to briefly describe Loopring's support for NFTs. NFTs powered by Loopring have the unique advantage of low fees, with their transaction fees becoming at least 400 times cheaper than Opensea. Finally, Daniel stated that Loopring has no plans to enter the NFT trading market themselves, but rather will work closely with partners to develop the NFT trading market. More progress on this will be launched in Q4.
Tags: EDCON,Loopring
Link: Loopring founder Daniel Wang gave a speech “Counterfactual Wallet & NFTs on Loopring” at EDCON 2021 [Copy]
