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.
?Shout out to NFT OGs & newbies: ZKSpace will soon open up a 2-weeks NFT liquidity mining & transaction mining pools— ZKSpace (Previously ZKSwap) (@ZKSpaceOfficial) January 26, 2022
?Millions of ZKS reserved
?Follow twitter & stay tuned #NFTCommunity #NFTProject #Layer2 #ZKS https://t.co/FBHEVFAq9b
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.
As covered by U.Today previously, ZKSea recently scored a long-term strategic partnership with shu uemura, a Japanese luxury brand.