Layer 2 was designed to help scale up applications with several implications. zkTube is among the platforms built on Zero-Knowledge Rollups, one of the best-known implications of Layer 2. The company is operating from Australia with its offices in other countries, such as Dubai. It is expected that Layer 1 will soon bring newer chains that focus on specific areas. However, zkTube believes that transition to Layer 2 is still the best solution for Ethereum expansion. zkTube is the first layer 2 mining network designed by a decentralized prover. The company has stepped into the GameFi world with its metaverse game "MetaTube."
Coinbase has provided predictions about multiple areas of Web3 and crypto-economy for 2022. The number of crypto and Web3 users will increase within the upcoming years. It will give rise to scalability issues. Meanwhile, the emergence of Layer 2 is expected to address these issues efficiently.
DeFi protocols are expected to create separate KYC user pools to embrace decentralized identity and regulation. Many institutions are interested in participating in DeFi as it opens up several opportunities for them by saving costs. Moreover, it also ensures that the institutes are dealing with trusted counterparties.
To deal with DeFi exploits and ensure security for users, the insurance protocols against breaches will emerge in 2022. NFTs are the current sensations, and their craze will continue to increase in the coming years. User-created metaverse will be the social network's future, which will affect the centralized social networks. Realizing this fact, many brands are actively participating in metaverse and NFTs for brand marketing. Celebrities are also jumping into this to promote their personal brand.
2021 has been a significant driver for the metaverse. Many Web2 companies are planning to get into Web3. This number will increase in 2022 and upcoming years. At the same time, some companies are already working on it, such as Facebook. Facebook is working to recast itself as a Web3 company. Other than decentralized metaverse, many companies are also likely to create centralized versions of the metaverse.
Moreover, over time, DAOs will be mature and will gain mainstream attention. DAOs will bring a revolution changing the definition of employment for people. They will no longer have to receive a formal offer letter, and salaries will be paid in tokens. They will also be able to work on multiple DAO projects simultaneously.
The development in DAOs will also make them compete with new challenges, such as running payroll coordination in activities of larger organizations. There will also appear many tools to help DAOs work more efficiently. The interaction between DAOs and Web2 companies will also be figured out.
Scalability on the Ethereum network has been an issue since its number of users massively increased in the past few years. Layer 2 appeared as a series of solutions to scale up applications via its various implications. Zero-Knowledge Rollups are among the most vocal implications, and zkTube is the best Layer 2 protocol powered by ZK-Rollups that provides a scaling solution for Ethereum.
According to predictions of Coinbase, in the coming years, the world will see newer Layer 1 chains. The emerged chains will focus on several use cases such as gaming, social media, etc. The speed and usability of Layer 1 will be proved.
But as it was seen in previous years, Layer 1 got clogged when the number of users increased. Because of this, users had to face several problems such as high gas fees, reduced transaction speed, etc. So ultimately, Layer 2 ZK-Rollups are the best solution.
With this viewpoint, zkTube believes the transition to Layer 2 is still the best solution for Ethereum expansion. zkTube utilizes ZK-Rollups to ensure high speed and low gas fees. ZK-Rollups will attract more investors and users in the coming years, comparatively proving it to be a better choice.
**zkTube started its journey at the end of 2020 and has made significant progress in such a short period. The following are some of the considerable achievements of zkTube.
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After the MetaTube Bounty Program, MetaTube has launched the second phase of activities, the Elf Egg DIY Event. It is a MetaTube KOL Growth Sharing Program with a first-come, first-served approach. Users can design their own Elf-Egg NFT campaign together. They can win valuable Elf Eggs for free. 1,000 Elf- Eggs are reserved for this campaign.
One Elf Egg is equal to 20 $ZKT / 300 USDT. Its value will increase much more when MetaTube is officially launched.
Promote the NFT DIY campaign by participating on PayTube Wallet & MetaTube website and get your spot!
zkTube is moving forward with accurate positioning, working on various critical issues of the Ethereum network. Though the expansion issues are timeless, zkTube is focused on improvement and development. Its ultimate goal is to become the most viable technology to promote blockchain adoption on a large scale.
MetaTube is flourishing fully in the GameFi field, work on Swap products is going on, the official website cloud computing power hosting platform, etc., all activities are moving forward in an orderly manner.
zkTube is unstoppable in utilizing the power of Layer 2 ZK-Rollups and provides an ease to its community!