【Shape】L2 chain that backs 80% of sequencing commissions to creators / Participates in Optimism Superchain / Chain does not necessarily have to be first place / @Shape_L2
Mainnet release scheduled for 9/30.
Good morning.
Mitsui from web3 researcher.
Today we researched "Shape".
⚫️What is Shape?
✨Scheduled for 9/30 mainnet release
💬 chain doesn't have to be first placeIt doesn't have to be.
⚫️What is Shape?
Shape is an Ethereum L2 dedicated to creators and artists.Image is L2's Zora Network, which supports creators to create and sell their art as NFTs.
Technically, it was built utilizing OP Stack and participates in Optimism Superchain.
The most important feature of the system is called "Gasback," which includes a mechanism to distribute sequencing fees to creators.
L2 gas fees are collected by the L2 management team as sequencing fees and then paid to Ethereum, which is L1, for writing to Ethereum.
Of the other 20%, 15% goes to the Optimism Collective as a return for participating in Optimism Superchain, and 5% to the Shape Foundation.
This system allows any creator to build and express a new culture on the on-chain, and to receive a return on their investment.In order to use Gasback, you will need to obtain a special NFT.
I found a calculator.For example, if 10,000 NFT mints are performed at the current typical L2 gas cost, approximately "$51" worth of gas will be backed up.
Some may feel that this amount of money is not very big money, but "Shape" also mentions this point.Especially, a one-of-a-kind NFT is hardly a gasbag you can get.
However, after understanding this, he commented that it is important to send the message that when minted, the revenue share will be obtained, that it is not 0 but 1, and that a culture of decentralized rather than centralized networks for such creators will gradually be formed.It will take time.
That it will take time, but that it will eventually spread as unstoppable.
✨Scheduled for 9/30 mainnet release
Shape is currently running a test net, with the main net to be released on 9/30.Note that there are no plans to issue its own tokens, and the cost of gas will be ETH.
The main net launch campaign will be called Shape Rotation.This is an initiative in which more than 40 prominent NFT collectors will launch a $250,000 collection rush on Shape NFT, with the Shape team donating an additional $250,000 for every purchase.
Prior to the mainnet release, the company also announced partnerships with a number of projects.
For example, Highlight, an NFT creator and collector platform, will provide full Shape NFTindexing and marketplace support, and also integratesTransient Labsa custom NFT smart contract platform.We also partner with Alchemy for development kits, Safe for wallet infrastructure, and USDC.
💬The chain does not necessarily have to be first
Finally, a consideration.
It was a very interesting project, both in its positioning and its structure.
Shape" is a chain project by Deca, a team that runs an art gallery and art NFT sales and curation platform.
So it is not an up-chain, but it is a new chain by a team that originally had influence and product in the art domain.That is why prominent collectors and creators are also paying attention.
So what are the possibilities for Art x NFT?Let's look at Zora Network, which is aiming very close and could be a competitor.
Although there are waves, the number of users and transactions seems to be gradually increasing.
Looking at the most recent revenue, July is growing rapidly at $54.67k and August and September are falling, probably due to market conditions.
Frankly, it is very difficult to run a chain with this much revenue.Not to mention, "Shape" has no plans to issue its own tokens.(at least no mention of it at this time, and gas payments are ETH)
So, I personally expect that while the chain exists, it is positioned as one foundation to build an ecosystem and culture for creators without spending that much on operations.
Personally, I think this is the best part of Optimism Superchain.Since Optimism provides the technical updates, grant mechanism, and development kit for the chain, Superchain participants can sort of manage the chain on their behalf.
You will have to share the sequencing fee, but conversely, it is considered inexpensive to have access to the entire Superchain ecosystem for that reason alone.
And since we don't issue our own tokens, we don't have to do any activities for token holders or maintain a community.Of course, there will be certain activities to boost the chain, but in the extreme, only marketing activities will be enough to boost the chain.Moreover, the more NFTs are minted, the more commissions will be received from secondary distribution, although they will be inexpensive, so it can be said to be a stock-type business.
However, I think there should be more ways to prepare chains as an added value to one's own ecosystem and target customers, with a focus on reducing running costs as much as possible, as in the case of Shape this time.I think it would be a good idea to have more of these chains as an added value to the company's ecosystem and target customers.
Especially for a company with a platform in Web2, using the chain in this way seems quite compatible.There will be no new stakeholders because they will not issue their own tokens, and if they make it with Superchain, interoperability can be guaranteed and they will not lag behind technology trends.
Chains are often thought to be all about ecosystems and the need to compete with others, but this research made us feel that there is actually a way of being a chain that is not a zero-sum game.
This is the research for "Shape"!
🔗Reference/image credit: HP / X / DOC
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
About us
🇯🇵🇺🇸🇰🇷🇨🇳🇪🇸 The English version of the web3 newsletter, which is available in 5 languages. Based on the concept of ``Learn more about web3 in 5 minutes a day,'' we deliver research articles five times a week, including explanations of popular web3 trends, project explanations, and introductions to the latest news.
Author
mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
Contact
The author is a web3 researcher based in Japan. If you have a project that is interested in expanding to Japan, please contact the following:
Telegram：@mitsui0x
*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.