ZkSync 2.0 Integration in the NFT Platform: A Detailed Guide on Layer-2 Solution in Ethereum-Based Web3 Platforms | by Henrywilliam | December 2022

The precursor to blockchain networks has reached a level and they have introduced a new solution with higher credibility. The recent release of web3 distribution is zksync 2.0. The Ethereum blockchain has enormous potential to provide an impressive platform. The examples in the web3 ecosystem will include decentralized finance (DeFi), decentralized applications (DApps), non-fungable tokens (NFT) and many more.

Ethereum’s Layer-2 solution

The critical issue of having a platform with a significant proof-of-work (PoW) the consensus mechanism is that the scalability it provides comes with higher gas taxes. This is due to the increased congestion in the platform, with all the transactions piling up every second, which need to be verified. Coming back to the launch of Ethereum’s layer-2 scaling solution, they offer greater scalability without giving up security and decentralization.

To understand zksync 2.0, you first need to know what zksync Rollups are. Simply put, they are also the scaling technology that offers multiple solutions that can verify the total number of transactions in the mainnet. And as for the name zksync Rollups, they stand for Zero knowledge, and the rollups are of the implemented smart contract.

These zero-knowledge proofs work with high-security protocols, which aim to provide authentic transactions performed on the platform. The highlight of zksync Rollups is that they are confidential with all the platform’s underlying data. The rollups mechanism is an entirely separate part of the transaction verification that is done on the off-chain, with all the NFTs set on the on-chain solid smart contract. Additionally, once these huge transactions are verified off-chain, they are merged back into a single transaction on the blockchain. The following are the three interrelated benefits offered by the zero-knowledge scaling solution.

• A synchronizable connection between crypto wallets and the web3 platform.
• Easier investments directly from your crypto wallet and transfer funds with one zksync account to another.

They were developed by MatterLabs on Ethereum, the original blockchain. With the successful development of the zero-knowledge Rollup, off-chain transaction capture can now happen at lower gas costs.

This special addition to your NFT platform will be essential in increasing your market presence. They are created to provide the platform with improved scalability, first-class security, increased throughput, a reduction in gas costs and their intended functionality.

The customer will benefit from a number of transaction processing optimizations thanks to the inclusion of zkSync 2.0 in NFT platforms and other NFT apps. because the traffic in the main chain will be reduced by this protocol. In addition, they provide Rollups, which can be executed automatically using Ethereum Virtual Machine (EVM) compatible platforms in the web3 environment.

Solid elements for a reliable zkSync 2.0 based NFT platform

• Decentralized transactions in bulk with zksync 2.0 is created and verified on-chain using the zero-knowledge rollup mechanism.
• Transaction blocks in this network are mainly the registered transactions, which are grouped together. That is, grouping them into one will lead to the creation of Ethereum L1 blocks called batches.
• Layer-2 System contracts with this solution means that the user has exclusive access to a more secure trading model. This means that users are guaranteed only one payment to the platform, and avoid mistakes at all costs
• Predefined logic execution of the accounts in the platforms integrated with zksync 2.0 allows the transaction process in a single protocol, without relying on external devices to perform the transactions.
• Ergs, is the energy/gas of the zkSync 2.0 solution that is created during the change of level 1 network. But thanks zkEVM compatibilitythe gas cost can be minimized.
• Interoperability makes code execution to execute seamlessly between the two solutions, using their censorship-resistant priority queues.

Benefits of an NFT platform with zkSync 2.0 integration

• High-end security protocols in the NFT stakes allow the user to achieve superior security using zksync 2.0, regardless of its basic borrowing from the Ethereum network.
• An increased throughput in the NFT platforms means that the transactions can be removed from the main Ethereum ecosystem, which gives the NFT projects an increased transaction speed.
• Robustly built Ethereum Virtual Machine-based Smart Contracts use EVM-compatible, permissionless smart contracts that enable transactions without data loss.
• Various Web3 application programming interfaces can be developed using the layer 2 zksync solution, completely independent of intermediaries, i.e. decentralized.
• Increased scalability is ensured throughout its shelf life in the market, as the transaction verification in the platform is done in batches.
• Less gas fee due to the greater scale of the NFT and crypto processing of the transactions in batches in Ethereum.

The layer-2 zero knowledge Rollups technique can greatly improve the scaling solutions used in NFT applications. The following interoperable and composable pieces can function at their highest potential on the platform, thanks to the inclusion of programmability in the development. Their ultimate goal is to offer,

• Layer 1 security and support for the Solidity smart contract program is provided by Zk EVM, the engine that accelerates EVM-compatible zk Rollups.
• As an off-chain data entry solution, Zk Porter doubles the scalability compared to Layer 1 Rollups.

Enabling more than 100,000 transactions per second, ZkSync 2.0 Rollup technology unifies the ETH2 data sharing. Until the end of 2022, it is also predicted by market studies that ETH2 data sharing will be exponential without compromising its core component, decentralization.

DApps possible with the highly scalable zkSync 2.0

• Curve, one of the first known Automated Market Makers (AMMs) to use zkSync 2.0, takes far less Total Value Locked (TVL) than some other blockchains.
• ZigZag Decentralized Exchange (DEX), is a blockchain-based non-custodial order book that runs on zkSync digests. Their zero knowledge proof technology, the investors of this ZigZag project help the users to exchange tokens, discover direct trading without gas fees etc. Simply put, they can also be seen as the connecting link of both zk and Ethereum.
• The Taker protocol, a DApp on zkSync digest integrated with the decentralized autonomous organization (DAO), has a liquidity architecture. They offer superior frameworks for cryptocurrency tokens, digital assets and synthetic assets. In addition, it is also possible for users to develop their crypto lending and borrowing platform using the latest layer 2 solutions.

Final thoughts!

The entire blog has explained the best of what’s new with the web3 ecosystem and the layer two roll-up solution. ZkSync 2.0, is an impressive solution to scale up businesses with its fast transaction and credibility. However, the hardcore applications are yet to be implemented in the market.

Although it is impossible to take a certainty at this early stage, it is constantly showing cases of improvement of the crypto ecosystem, with the importance of the Ethereum blockchain. With integration of zkSync 2.0 into the NFT platform, the future of the cryptosphere looks promising, efficient, cheaper and, most importantly, highly scalable for all the value of the network. Do you want to develop your dApp with high scalability and less energy consumption? Have an alliance with the Layer-2 zkSync solution for your advanced and customized platform or dApp.