Frame Layer-2 for NFT Airdrop Announcement

Frame layer-2 for NFT airdrop announcement

According to an announcement posted on December 19, Frame, a layer-2 platform dedicated to NFTs, announced an airdrop plan for the user community in early 2024.

Specifically, when the project’s mainnet is deployed on January 31, 2024. FRAME tokens will be distributed for free to users who have participated in NFT trading on the Ethereum network in the last 2 years. At the time of launch, FRAME will only have management functions and will temporarily not be able to trade until there is a new update from the project. Users can now check their interactions with the airdrop through connecting the wallet to the layer-2 website.

This is just the initial distribution of $FRAME.

As users build, trade, and transact on Frame Mainnet (launching on January 31st), we'll be distributing more to the community and everyone who helps make Frame great.

The official token will be launched alongside Frame Mainnet. pic.twitter.com/LZsko96bXg

— Frame (@frame_xyz) December 19, 2023

Frame also announced that this is not the only token airdrop, but there will be other allocations based on the development stages and announcement of this new layer-2 feature.

Additionally, Frame held a funding round with an undisclosed amount of capital, with participation from Electric Capital and several prominent figures in the NFT community.

Earlier this year, we talked to the team at @ElectricCapital, who understood our vision of a network created and owned by creators and collectors.

They've previously backed key crypto teams that have defined the industry.

We're glad to have them as partners for this journey! pic.twitter.com/j8s54ByX5n

— Frame (@frame_xyz) December 19, 2023

Frame is a layer-2 solution built on Ethereum. The platform uses the same optimistic rollups technology as Arbitrum and Optimism and is compatible with EVM to easily link with smart contracts operating on Ethereum.

https://www.frame.xyz/

The project’s development team believes that having a specialized layer-2 for NFTs is necessary to meet the demand and potential that this field can develop in the future. The team also said this implementation will bring value and benefits to both NFT creators and investors. Frame is committed to supporting transactions with low fees and faster processing times than the Ethereum mainnet, as well as supporting specialized NFT functions.

Frame also protects the intellectual property of NFTs through the Palette Protocol, a liquidity protocol for NFTs.

Related: Instructions for Joining the Frame Layer2 Testnet

A portion of the transaction fees on Frame will be contributed to the Frame Creator’s Fund. This is a support fund for NFT creators and projects developed on this layer-2.

Several famous NFT investors in the community shared about Frame’s airdrop event to “show off” their success in NFT trading.

$300,000 in royalties is wild considering my total deposit into NFTs was $3000 two years ago lmao https://t.co/a2gOdgcN5K pic.twitter.com/WUQp25Qeee

— Cirrus (@CirrusNFT) December 19, 2023