What is Frame?

Introduction

Frame is a platform altering the landscape of Non-Fungible Tokens (NFTs) on Ethereum. It is meant for everyone, from artists and producers to investors and tech enthusiasts. Frame is taking part in the blockchain revolution and driving it forward, providing an exciting environment for innovators, investors, and people simply curious about the technology. What is Frame?

Source: Frame Website

Frame is a cutting-edge platform created for non-fungible tokens (NFTs) and digital assets. Frame runs on the Ethereum blockchain and uses the Arbitrum Nitro stack. This technology improves the platform’s efficiency by lowering transaction fees and faster block times than standard blockchain systems. One of Frame’s notable features is the Palette Protocol, which was explicitly designed for designers. It permits the construction of NFT marketplaces where creators can enforce royalties, ensuring ongoing compensation for their efforts.

Frame is dedicated to providing superior security, performance, and community interaction, resulting in a holistic ecosystem for NFT fans and developers. Its adaptable infrastructure supports many users and projects while ensuring high security and operating efficiency.

History of Frame, Origins and Key Persons

Frame, an Ethereum rollup, is a significant development in blockchain technology. Rollups are a layer 2 scaling method that aims to improve the efficiency of the Ethereum network. Frame stands out as an optimistic rollup, relying on fraud proofs to preserve transaction integrity and leveraging the Arbitrum Nitro stack to boost performance. This method enables Frame to provide faster and more cost-effective transactions than typical Ethereum mainnet operations while fully compatible with Ethereum’s EVM. Optimistic rollups, which have a default assumption of transaction validity, are critical in Frame’s architecture for striking a compromise between speed and security.

Frame recently closed a fundraising round sponsored by Electric Capital. Other noteworthy investors include Ray Chan of 9gag, Luca Netz, and 0xMaki, formerly of Sushiswap. In conjunction with this financial milestone, Frame launched an airdrop of its native FRAME token for the NFT community, focusing on individuals who remained active traders during the recent bad market.

How Does Frame Work?

Frame works as an optimistic rollup on the Ethereum blockchain, using the Arbitrum Nitro stack to improve transaction efficiency. The heart of its operation is to move transaction computation to a secondary blockchain (the rollup), which processes transactions faster than the Ethereum mainnet. This technique compresses and bundles transaction data, which is returned to Ethereum. Rollups like Frame provide cheaper and faster transactions thanks to their efficient processing approach.

Optimistic rollups, such as Frame, use “fraud proofs” to validate transactions, particularly withdrawals. They work on the assumption that all transactions are valid unless proven differently. This system requires a dispute window (about seven days) for transactions involving communication from Layer 2 (Frame) to Layer 1 (Ethereum) to allow for the filing of any fraud evidence.

Arbitrum’s Nitro stack assures EVM compatibility, allowing Ethereum mainnet contracts to be deployed on Frame without modification. This solution offers features such as a complete optimistic roll-up system, a sequencer, token bridges, and fraud proofs, allowing for smooth integration with the Ethereum ecosystem.

Key Features of Frame

Source: FRAME documentation

Frame’s revolutionary integration of the Palette Protocol creates a one-of-a-kind and advanced platform for NFTs on the Ethereum blockchain. The key features include:

Palette Protocol

Palette Protocol is central to Frame’s innovation because it transforms compensation for NFT artists. It is more than just a tool for enforcing royalties; it represents a paradigm shift in the digital art industry. Palette ensures that creators receive a fair portion of each resale by implementing royalty systems directly into the network in an automated and transparent manner. This feature empowers creators and encourages more artists to join the NFT community.

Asset Security

Asset security is critical in today’s digital age. Frame addresses this worry front on, utilizing complex security mechanisms and levels of protection. Frame creates a fortress-like environment for digital assets by incorporating cutting-edge technology and constantly upgrading security features. This ensures that users’ money and creations are safe from vulnerabilities.

Frame Creator’s Fund

The Creator’s Fund at Frame is a unique project demonstrating the company’s dedication to the community. It’s more than just a fund; it’s a statement of commitment to the creative environment within Frame. By reinvesting Layer 2 gas fees in the community, Frame promotes a supportive atmosphere for creators, allowing them to thrive and innovate.

High Performance

The incorporation of the Arbitrum Nitro stack is a game changer for Frame. This improves transaction speeds and significantly lowers prices, making the platform more accessible. The EVM equivalence ensures that developers may effortlessly convert their projects to Frame, benefiting from its improved performance while maintaining compatibility.

Innovation Hub

Frame is more than just a platform; it’s a catalyst for invention. It’s an environment where boundaries are challenged, and new ideas emerge. Frame serves as a canvas for the future generation of digital art and applications, from innovative NFT initiatives to ground-breaking standards.

Speed and Security

Frame distinguishes itself by striking a balance between speed and security. Offering fast transaction times while maintaining security is a balancing act made possible by Frame’s advanced design. This guarantees a seamless, efficient, and secure experience for all users.

Scalability

Frame’s architecture is intended to grow. Whether you’re a lone artist or a major corporation, the platform can scale to match your requirements. This scalability is critical in an ever-changing digital ecosystem, ensuring that Frame remains a viable and powerful platform as the NFT market grows.

Simplified Royalties

The Palette Protocol transforms royalty management. It streamlines the problematic process, allowing producers to set and enforce royalty terms. This user-friendly solution simplifies the financial aspects of NFTs, making them more accessible to all developers.

Network-wide Liquidity

Network-wide Frame takes a holistic approach to liquidity. Avoiding fragmentation ensures a more stable and efficient market. This benefits artists and collectors by providing better prices and a more efficient experience.

On-chain Data

Access to extensive on-chain data is critical for developers. Frame offers this data, allowing for the easy construction of new protocols and applications. This feature is a gold mine for innovators, providing the insights and tools required to push the limits of what is feasible in the NFT arena.

Governance

Through the utilization of its $FRAME token, the platform is providing users with the ability to administer the network as well as the revolutionary Frame Creator Fund. In preparation for the imminent launch of its mainnet, Frame is planning to offer token transfers, which will signal a significant milestone in the evolution of its roadmap.

Community-Centric Approach

Frame is fundamentally a community-driven project. It is a tribute to collaborative creativity built by specialists who have helped build the blockchain ecosystem. This open-source strategy ensures that Frame is constantly changing and influenced by the community it serves.

Is Frame a Good Investment?

When considering Frame as an investment, it is critical to assess its capabilities and possibilities in the rapidly evolving NFT and blockchain landscapes. Frame’s unique interaction with the Ethereum blockchain via the Arbitrum Nitro stack, emphasis on improving transaction efficiency, and novel Palette Protocol make it appealing as an investment.

Frame’s usage of the Arbitrum Nitro stack for cheaper fees and shorter block times distinguishes it as a high-performance platform, making it appealing to investors seeking efficient blockchain solutions. As NFTs become more popular, Frame’s concentration on this market, particularly its support for creators through mandated royalties, shows room for expansion. As with any investment in the crypto and blockchain arena, comprehensive research is required, as are considerations for market volatility and dangers.

How Can You Own Frame?

Going through a centralized cryptocurrency exchange is one approach to acquiring FRAME. The first step is to create a Gate.io account and complete the KYC process. Once you have deposited money into your account, follow the instructions to purchase FRAME on the spot or futures market.

News on Frame

Innovation and Adoption of FRAME

FRAME has garnered attention in the NFT world as a significant Layer 2 solution on Ethereum, designed explicitly for NFT transactions. Its integration with Ethereum, using the Arbitrum Nitrostack, has set it apart by offering lower fees, faster block times, and maintaining EVM equivalence. The Palette Protocol, a key feature of FRAME, revolutionizes royalties for creators, reinforcing its position as a major player in supporting NFT creators and collectors. The Frame Network stands out for its innovation hub, high-performance capabilities, and community focus, positioning it as a pivotal platform in the digital asset space​​.

Frame’s governance framework revamped

Source: Frame Twitter

A new change to Frame’s governance framework demonstrates that Bobu token holders can now effortlessly engage in governance decisions directly within the platform. This update ensures that Bobu coins maintain their governance powers, allowing holders to vote on

Frame-related decisions without having to return to the Ethereum Mainnet. This integration dramatically simplifies governance, making it more accessible and efficient for token holders.

The Mainnet is coming: