What is Arbitrum?
Arbitrum is a Layer 2 scaling solution for Ethereum. It is designed to address the scalability limitations and high transaction fees of the Ethereum network by providing an off-chain execution environment for smart contracts. Arbitrum aims to significantly increase the throughput of Ethereum while maintaining compatibility and security with the Layer 1 blockchain.
Arbitrum functions as an optimistic rollup, which is a type of Layer 2 solution. It operates by bundling multiple transactions together and processing them off-chain. These transactions are then verified and validated by a small group of validators, who periodically submit a proof to Ethereum mainnet, ensuring the integrity and security of the transactions.
By moving transactions off-chain, Arbitrum significantly reduces the cost and increases the scalability of Ethereum. It enables faster and cheaper transactions, making it more feasible for various applications, including decentralized finance, NFTs, and gaming, to operate at scale.
Why use Arbitrum?
Deploying an NFT collection on Arbitrum L2 offers several compelling advantages. Arbitrum L2 provides enhanced scalability and performance compared to the Ethereum mainnet.
By leveraging optimistic rollups, it processes transactions off-chain, resulting in faster confirmation times and reduced gas fees. This scalability is crucial for NFT collections that involve high transaction volumes or require quick and seamless user interactions.
Deploying a collection on Arbitrum
With tools like Highlight, minting your own NFTs on Arbitrum is simple and affordable.
To deploy to Arbitrum on Highlight, simply select Arbitrum in the drop down menu on the create collection flow.
Minting NFTs on Arbitrum
To collect NFTs on Arbitrum, make sure your Ethereum wallet, such as MetaMask, is connected to the Arbitrum network. You can switch to Arbitrum by selecting the Arbitrum network in your wallet's settings.
To purchase NFTs on the Arbitrum network, you will need to have ARB in your wallet. You can purchase ARB directly or bridge Ether (ETH) in your wallet ARB.