In the next couple years, I believe NFTs will become an everyday commodity. There are already experiments for using NFTs as tickets for Paris 2024 Olympics/Paralympics and UEFA Champions League. However, transaction costs, confirmation time, and on-chain storage are all limiting factors for mass adoption. Solution: Layer 2 (L2)“Layer 2 (L2) is a collective term to describe a specific set of Ethereum scaling solutions. A layer 2 is separate blockchain that extends Ethereum and inherits the sec...

In the next couple years, I believe NFTs will become an everyday commodity. There are already experiments for using NFTs as tickets for Paris 2024 Olympics/Paralympics and UEFA Champions League. However, transaction costs, confirmation time, and on-chain storage are all limiting factors for mass adoption. Solution: Layer 2 (L2)“Layer 2 (L2) is a collective term to describe a specific set of Ethereum scaling solutions. A layer 2 is separate blockchain that extends Ethereum and inherits the sec...