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ZKSea Marketplace Allows Users to Earn Rewards on NFTs, Here's How

Thu, 01/27/2022 - 09:40
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Vladislav Sopov
Novel L2-based marketplace for NFTs, ZKSea, introduces yet another passive income opportunity for its clients
ZKSea Marketplace Allows Users to Earn Rewards on NFTs, Here's How
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ZKSea, a marketplace for non-fungible tokens that leverages second-layer scalability solution zk-proofs, adds two novel instruments to its toolkit. Both are designed to allow NFT buyers and sellers to earn periodic rewards.

ZKSea introduces rewards for both buyers and sellers of NFTs

According to the official announcement shared by the team of ZKSea, two novel instruments will be introduced within its NFT mining program before February. Proof-of-Liquidity Mining and Proof-of-Transaction Mining are now live for all NFT enthusiasts on ZKSea.

To be eligible for one of the rewards programs, users should either mint, buy or sell NFTs on the ZKSea platform. 

Proof-of-Liquidity Mining is designed to stimulate buyers on the platforms by rewarding their liquidity injections. The rewards can be claimed after minting and listing NFTs on ZKSea. The exact sum of rewards will be calculated based on the proportion of daily listed quantities to the entire network.

Once the minting transaction is authorized, users can claim up to 120% of transaction fees in ZKS equivalent. The event will go live for 14 days, with a total of 1.68 million ZKS allocated to the Proof-of-Liquidity Mining program.

To launch this program in a user-friendly way, the ZKSea team launches the NFT Proof-of-Liquidity Mining Card. This Card will demonstrate to its owners all crucial metrics of ZKSea’s NFT ecosystem: mining rewards, net number of NFTs minted, total sales volume.

ZKSea supercharges NFT segment with zk-proofs

The Proof-of-Transaction Mining program will work differently: NFT buyers will receive 200% rebates on transactional fees and additional bonus for each NFT purchased. An additional bonus will be set at 20 USDT in ZKS equivalent. In total, 100,000 ZKS will be distributed between participants in the Proof-of-Transaction Mining program.

The program will be open for 14 days, so that 1.4 million ZKS are allocated to motivate participants in the program.

ZKSea is a resource-efficient marketplace for non-fungible tokens. A second-layer scalability solution for the Ethereum (ETH) network, zk-proofs, is integrated by ZKSea as its technical basis.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)