Smart contract deployment generates NFT claims
Over one million addresses have successfully deployed smart contracts on the second layer of Scroll. This achievement opens the opportunity to claim a free Non-Fungible Token (NFT) from that address.
Claims are now open for more than 1,100,000 eligible addresses to create unique pieces of scroll history and culture,” the project announced.
The response was swift and significant. Within hours of claiming going live, 110,000 addresses have already claimed their NFTs. These NFTs are categorized into three classes: Quintic, Quartic, and Cubic. Quintic classes reserved for smart contracts deployed before November 9 are particularly rare, but other classes are more common.
Eligibility for this NFT claim will depend on whether the smart contract was deployed on the scroll second layer before December 9th.
An interesting approach was observed in Zombo, a smart contract as a service. This service allows users to ‘mint’ with the click of a button, without having to write or publish any code. However, this method was of limited use, selecting only 2,000 addresses. This means that the majority of participants chose to publish their smart contracts manually, reaching the impressive figure of 1 million in just two months.
The address is not the same as the individual.
It is important to note that an address in this context is not necessarily the same as an individual. Even taking into account the conservative ratio of one address representing 10 individuals, this still means that approximately 100,000 people are engaging in this activity.
Scroll’s platform has demonstrated byte-by-byte compatibility with the Ethereum EVM despite its novel and small scale, with only 14,000 Ethereum (eth) locked up. Launched last October, growth and adoption are of interest.
Uncertain Purpose of Scroll NFTs
The intended use of these NFTs remains vague. The Quintic NFT currently holds a value of around 0.05 eth ($120), but there is speculation that it could be used as a basis for future token airdrops.
Comparisons with other layer 2 (L2) networks such as Starknet and zkSync are inevitable. Both have revealed plans to launch tokens, leading to expectations that Scroll could follow a similar path.
Minting these NFTs incurs a modest cost of around 30 cents, but when you add in the additional cost for layer 1 (L1) data, the total cost comes to around $2. This cost is much lower than the $50 normally required on the mainnet.
Slow adoption, but full potential
The adoption of this second layer has been gradual, as evidenced by the amount of ETH deposited. However, its economics and ease of use, including direct compatibility with the mainnet, show its potential.
The competitive landscape of L2 networks is noteworthy, with various platforms such as zkSync and Linea participating in intense farming activities. Others, like Arbitrum, are developing ecosystems that uniquely contribute to the evolving space.
The deployment of one million contracts in just two months, mainly for jpeg acquisition, highlights the influential nature of the token model in the blockchain domain.
While the Scroll Project’s initiatives have marked a significant milestone, the true impact and long-term viability of such efforts in the rapidly evolving blockchain landscape are yet to be seen, requiring cautious optimism.