What you need to use Zora Network
👛 A wallet — You can use a resource like Chainlist to easily add Zora Network to your wallet, e.g., MetaMask; for reference, the Chain ID is 7777777
🪙 Starter ETH — Like you need ETH for gas on Ethereum, you need ETH to pay for transactions on Zora Network; if you have ETH on Ethereum, you can then bridge some over to use on Zora Network
How to bridge to Zora Network
If you'd like to bridge ETH to Zora Network, a basic starting point is the native Zora Bridge. Simply input the amount of ETH that you want to deposit, confirm the transaction with your wallet, and then wait for your funds to arrive on the Zora Network.
Due to the nature of optimistic-style rollups, it will take ~7 days for withdrawals (not deposits) to process via this native Zora Bridge. If you'd like quicker withdrawals, you can consider using 3rd-party "fast" bridges, although not many have added support for Zora Network yet. Keep an eye on projects like Bungee, which may do so in time.
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Zora Network is a Layer 2 (L2) scaling solution built on Ethereum, designed to make NFT interactions more efficient and cost-effective.
Developed by the Zora team, the network aims to alleviate the transactional burden on Ethereum by handling NFT transactions offchain, which are then bundled and posted back to the Ethereum blockchain as proofs.
All in all, Zora Network offers a gas-friendly L2 integrated with Zora's creator tools and has the potential to become a dominant scaling solution for NFTs in the years ahead.
How Zora Network works
Zora Network leverages the OP Stack technology, which is the backbone of Optimism's Superchain vision, the aim of which is to create a network of many optimistic rollup chains.
That said, Zora Network is the first NFT-centric L2 to deploy using OP Stack, and the specialized tech allows Zora to offer rapid, cost-efficient transactions specifically tailored for NFTs. Transactions are confirmed in seconds, and minting an NFT can cost less than $0.50.
Nice
LONDON—The yen slipped on Tuesday after its biggest daily rise since mid-July the day before as comments from Japan's top central banker on a possible end to its negative interest rate policy reverberated throughout markets.
The dollar, meanwhile, regained lost ground after clocking its biggest daily fall since July 13, while the pound slipped after mixed labor market data.
Bank of Japan (BOJ) Governor Kazuo Ueda told a newspaper interview over the weekend the bank could get enough data by year-end to determine whether it can end negative rates, remarks that on Monday saw the yen clock its largest daily gain against the dollar since July 12.
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The Japanese currency was last 0.1 percent lower at 146.71 per dollar, after scaling a one-week top of 145.91 in the previous session.
"Ueda's comments were a little more balanced than you would have thought from the market reaction," said Adam Cole, chief currency strategist at RBC Capital Markets.
"Japan is still a long way from meeting the criterion of sustainable 2 percent
CRYPTOCURRENCY NEWS
Cryptocurrency resembles currency operating independently without the need, for banks. As the landscape of money continuously evolves it is crucial for all individuals involved to remain vigilant. Staying informed about cryptocurrency prices, regulatory developments, technological advancements and corporate adoption becomes paramount. This knowledge empowers people to make informed investment decisions.
In summary staying updated with the news is vital, for anyone engaged in this domain. By keeping of developments individuals can make informed choices regarding their cryptocurrency investments.
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