In a recent announcement, Bolt confirmed it has minted 2.5 million tokens using LightLink Network for various Web3 gaming endeavors.

Web3 plugin Bolt Bolt reported that it has minted 2.5 million tokens utilizing the innovative Layer 2 blockchain technology from LightLink, collaborating with leading Web3 projects such as TallyUP and Grapes. This service allows decentralized applications to mint tokens effortlessly and without cost for users, thanks to the customizable metadata feature.

“Minting 2.5 million NFTs Roy Hui, co-founder and CEO of LightLink, stated that the rapid token minting capabilities they demonstrated merely weeks after launch highlight that blockchain can effectively handle millions of transactions seamlessly with minimal fees.

The introduction of Bolt by LightLink aims to facilitate projects within the ecosystem to utilize Layer 2 gasless transactions, enabling developers to swiftly generate tokens aligned with in-game metrics. By leveraging LightLink's Layer 2 blockchain and their Enterprise Mode, Bolt simplifies the token creation process, making it cost-effective for users and keeping expenses low for developers with predictable, fixed-cost gas fees.

“For many projects in blockchain, large-scale token minting can be incredibly expensive, which is where Bolt fits in perfectly for any Web3 gaming initiative seeking to utilize on-chain capabilities,” noted Roy Hui. “The remarkable effort from our developers on Bolt has brought to life a better Web3 gaming experience we’ve always aspired to create, and we believe projects like these could not thrive anywhere else.”

Bolt’s approach to token generation is notably user-friendly, relying on simple API calls for minting. Hui mentions that this method supports tailored metadata, ensuring critical data can be stored on the blockchain while slashing costs compared to traditional NFT minting practices on Layer 1 networks.

These elements play a crucial role in enhancing both accessibility and widespread adoption. web3 gaming By simplifying the token minting process and reducing financial barriers for both developers and users, he emphasized the significant impact on the gaming landscape.

LightLink’s Enterprise Mode Makes Web3 Gaming Economical

As per the announcement, the estimated costs for minting tokens on a large scale for Web3 games suggest that creating 1 million NFTs could lead to gas fees as high as $225 million on traditional platforms. Ethereum In contrast, the same minting procedure could cost around $20 million on various Layer 2 solutions, and as much as $450,000 on LightLink without enabling the Enterprise Mode.

Moreover, with the Enterprise Mode active and leveraging Bolt, Web3 initiatives can bring down minting costs to just $5,000 per million NFTs—a mere fraction of the expense when compared to other platforms. Additionally, Bolt has removed the necessity for users to possess ETH or other assets for token minting, transforming the user engagement experience.

“With LightLink’s Enterprise Mode supporting gasless transactions alongside Bolt, players don’t even need to be aware of which blockchain is in use while playing Web3 titles. In conventional gaming scenarios, players previously had to invest heavily in NFTs just to begin their gaming journey. LightLink empowers us to design games where players are free to start earning without needing a wallet,” Roy Hui shared with Metaverse Post. Web3 games Please be aware that the information presented here is not intended as legal, investment, financial, or professional advice. It’s always essential to invest only what you can afford to lose, and seek independent financial advice if you have uncertainties. For more information, consult the relevant terms and conditions, as well as the help and support resources provided by the issuer or advertiser. MetaversePost is committed to delivering accurate and impartial reporting, but market conditions may change without notice.