LRC lets people mint an NFT for JUST $2.50, over 100X CHEAPER than on Opensea.

Loopring Layer 2 can now mint NFT’s for just 100 gwei, or $2.50. This is extremely cheap compared to what creators would have to pay on ETH L1 (~$300).

This removes a massive barrier to entry and is a huge step in the right direction for crypto to get more mainstream adaption. Most artists don’t have alot of capital so it’s important to keep minting as cheap as possible so we can get more people into the cryptoverse.

You could previouisly get similar costs by using sidechains, but LRC manages to keep these low prices while SIMULTANEOUSLY maintaining Layer 1 security.