Shape L2 Blockchain Launches with 80% Fees Return, Partners with Transient Labs

Sep 30, 2024, 06:31 PM

Shape, a new blockchain platform focused on creators, officially launched today. The platform, known as Shape L2, aims to redefine onchain creativity by offering a unique economic model called Gasback, where 80% of sequencer fees are returned to contract deployers. Shape L2 is designed to be a permissionless chain, allowing anyone to mint and collect digital art. The launch has been met with enthusiasm from the creator community, with notable artists such as DeeKay Motion and Harvey Rayner participating. Transient Labs is a key partner, enabling users to deploy contracts and mint NFTs directly through its platform. The launch day saw a flurry of activity, with numerous artists minting their works, including pieces by Jarvinart, BoredJosei, and others. Some notable mints include 'Coffee Break' by Jarvinart at 0.1 ETH, 'Polish Blockchain' at 0.04 ETH, 'Hawaiian Dream' at 0.025 ETH, and 'Behind The Scene' by BoredJosei at 0.01 ETH. Additionally, creators can earn up to 5k for collecting their own work. Shape's innovative approach is expected to attract a wide range of creators and collectors, offering new opportunities for digital culture and mixed-media storytelling.