NFT EveningNFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • NFT News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
      • Columns
    • NFT Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT EveningNFT Evening
    Top NFT Projects

    Home » NFT News » Collectibles » What are Gh0stly Gh0sts? Everything About The First Omnichain NFT

    What are Gh0stly Gh0sts? Everything About The First Omnichain NFT

    By Reethu RaviApril 6, 2022Updated:November 24, 20223 Mins Read

    Stealthily launched this week, Gh0stly Gh0sts is the first-ever truly omnichain NFT collection. The collection includes a total of 7,710 NFTs and was free to mint on all Layer Zero compatible blockchains. This includes Ethereum, Binance, Avalanche, Polygon, Arbitrum, Fantom, and Optimism.

    Gh0stly Gh0sts NFT
    The collection dropped a few days back.

    But first, let’s break down what omnichain and Layer Zero mean.

    What are Omnichain and Layer Zero?

    Recently, a Canada-based firm, LayerZero Labs, developed an omnichain interoperability protocol LayerZero. Basically, the protocol allows dApps to efficiently build across multiple blockchains. Currently, the protocol supports all projects that are compatible with the Ethereum Virtual Machine (EVM). However, in the future, it will support non-EVM chains like Terra, Cosmos, Hub, and others. 

    The launch of the LayerZero protocol has got everyone excited as it allows NFTs to go omnichain. Indeed, there has been a growing interest in omnichain NFTs in recent months due to the capabilities it offers. For instance, a project can have traits that change according to the chain it is on, some utilities when it’s only on a particular chain, and so on.

    Gh0stly Gh0sts explained how omnichain NFTs work through the example of an NFT collector named Ligma. Let’s assume Ligma minted his NFT on Avalanche, maybe to save some gas fees.

    “He later decides he wants to use his Gh0st as his PFP on Twitter (which currently only supports Ethereum Mainnet verification),” the project elaborated. “So he uses the Layer Zero-enabled `traverseChain` function on Avalanche, with the destination chain set to Ethereum. The result of this traversal is the official Ethereum Gh0stly Gh0sts NFT. Ligma’s NFT can now be verified by Mainnet as an asset of the Gh0stly Gh0sts Ethereum contract.”

    Gh0stly Gh0sts on opensea
    The collection’s sales are picking up on OpenSea.

    How Gh0stly Gh0sts works

    Gh0stly Gh0sts is a CC0 (creative commons zero—meaning, no rights reserved) NFT collection. It is the first NFT collection to launch on the LayerZero protocol. The project’s aim is to “pave the path of community-owned, chain-agnostic assets”. 

    The NFTs are distributed as below:

    • ETH – 3,084
    • BSC – 1,388
    • AVAX – 1,387
    • ARB – 617
    • POLY – 616
    • FTM – 385
    • OPT – 233

    The background of each NFT reflects the mint chain. But, its border will change to reflect the current chain the NFT is on. Like several other NFT projects, Gh0stly Gh0sts can be integrated into future blockchain games and applications. 

    However, the project has a major advantage. As it’s an omnichain collection, the future integration won’t depend on a particular blockchain. To explain, take the example of an Ethereum-based NFT project. In the future, it can only be integrated into an Ethereum-based game/application, and not ones based on any other blockchain. 

    Already, the Gh0stly Gh0sts NFT collection is sold out on all chains and is picking up traction. It is one of the top 10 projects based on the last 7-day transaction volume on OpenSea. While the most trading activity is happening on Ethereum, all the other LayerZero-compatible blockchains too have witnessed transactions. 

    As Gh0stly Gh0sts noted, “Omnichain NFTs are the future”. And those who truly understand omnichain’s possibilities, are going gaga over the project. As the first-ever omnichain NFT, the collection’s value is only going to rise and may even become a blue-chip collection.

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Previous ArticleAdidas Originals x Ready Player Me Launch Unique Avatar Creation Platform
    Next Article Over 90% Of Activity On LooksRare NFT Platform May Be “Wash Sales”
    Reethu Ravi
    • Twitter
    • LinkedIn

    Reethu Ravi is a journalist currently based in the UK, covering environment, sustainability, tech and innovation. When not found between the pages of a book, she can be seen catching up on the latest developments in the tech world. A naval architect-turned-journalist, she loves bringing stories of change and innovation to the limelight.

    More great NFT Evening content:

    Smart Contracts on Bitcoin? Here’s All You Need to Know

    June 7, 2023

    From Comic, Alt-Right Symbol, to Meme NFT, to Viral Coin – the Pepe Journey

    May 22, 2023

    15+ Luxury Fashion Brands Into NFTs in 2023

    April 2, 2023

    Bored & Hungry: The Restaurant Merging Hospitality with NFTs

    February 28, 2023

    DigiDaigaku Genesis: The Anime NFT Project On The Rise

    February 27, 2023

    Checks by Jack Butcher: How One Piece of Art Became a Movement

    January 20, 2023

    A Kid Called Beast NFT: Everything You Need To Know

    January 18, 2023
    fuckrender çàs kids with nftevening banner

    FVCKRENDER PFP NFTs: 90s Kids Explained

    January 18, 2023

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Interviews
    • Metaverse
    • Music
    • NFT Guides
    • NFT Marketplaces and Tools
    • NFT News
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version