Emerald

The Superchain is a thriving ecosystem: growing user base, substantially lower transaction fees, and genuine vision for a better tomorrow - higher together.

Want to join in on the fun?

Checkout the article introducing Based Bridge👇

https://paragraph.xyz/@emerald/based-bridge

so essentially L1 NFT will be locked in a contract while its clone will be on L2. When bridged back, L2 NFT will be locked in a contract and the original L1 NFT released from the locked contract

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well apparently it takes 7 days so completely useless for now. Hopefully will be instant/couple of minutes in the future

What would be the need to bring it back to Ethereum so quickly?

The Superchain should provide most, if not all, of the required features for a growing NFT collection. Specifically buying and selling with lower gas fees.

Arbitrage, culture (blockchain norms) and NFTs on Ethereum Network still lead so far (Ordinals catching up though). 7 days wait time just closes is a big red flag. What if the contract gets hacked/exploited during this

if a contract gets hacks you're kinda screwed either way lol

whether it's a 7 day waiting period or instant, it probably won't make too much of a difference that point.

agree with the first part lol. waiting time matters, esp in crypto. absolutely zero advantage to have your assets locked up in a contract and take risk without any yield/rewards. in a world of instant finality, 7 days wait is infinity

But that’s what required to bridge to L2? You’re essentially locking up the token for a week on L1 but get instant access of the asset on the L2.

not disputing that at all. I am just there is zero advantage in keeping your asset (NFT in this case), locked up in a contract for one week

I mean there is plenty of advantages moving to an L2: lower trading fees, new incentives from multiple protocols and ultimately not having your NFT locked up forever when the L1 becomes to expensive for everyday transactions.