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NFTΞarth Documentation
Welcome to the official NFTEarth documentation portal! NFTEarth is a decentralized autonomous organization focused on driving the the adoption of the Layer2 Ethereum ecosystem for NFTs.
With the Ethereum merge complete, nearly all Ethereum thought leaders agree that layer2 protocols are key to the future of the Ethereum ecosystem. But, adoption has been slow, and the speed of L2 adoption needs to be accelerated. We see the lack of token incentives in many of the L2 projects as a hurdle to them gaining traction. While some projects at the time had successfully launched their own tokens to incentivize adoption (such as Metis and Boba), others (such as Arbitrum) had not. NFTEarth was born to promote L2 adoption.
NFTEarth is expanding the Ethereum L2 NFT ecosystem and boosting L2 ecosystem projects. The DAO is using its treasury to invest and partner with high-impact L2 protocols and ecosystem plays, serving as a diversified treasury for DAO members looking to gain exposure to the L2 ecosystem growth.
The increasing number of applications and users on Ethereum are responsible for increasing the load on the network. The capacity of the Ethereum network is limited. Therefore, the cost of using the network increases prominently with more and more users competing with each other for adding transactions to the Ethereum network. So, Ethereum layer2 scaling solutions are considered vital instruments for addressing the problems with network performance. Many solutions for Ethereum scaling are undergoing research, testing, and implementation with different approaches for achieving scalability.The primary objectives of scalability for the Ethereum network refer to improvement in transaction speed alongside transaction throughputs. At the same time, the scaling solutions should not compromise the security or decentralization of the Ethereum network. Ethereum also experiences the concerns of unreasonable gas prices and slower transactions on the layer 1 blockchain. As of now, Ethereum has two distinct options in the form of sharding and layer 2 solutions for addressing the problems of scalability, high transaction fees, and delays in transaction settlement.
Last modified 1mo ago