🌉LayerZero

LayerZero is an omnichain interoperability protocol that allows dApps to build across multiple blockchains in a trustless, efficient manner. LayerZero connects dApps across chains using on-chain Ultra Light Nodes, which achieve the security of a light node with the cost-effectiveness of a middle-chain. Using the protocol, developers can turn their dapps into omnichain decentralized applications using a single, simple interface. LayerZero’s advanced OFT and ONFT technology solution allows LuckyBid to take advantage of omnichain functionality while avoiding the potential security risks that come with wrapped tokens.

LayerZero ONFT Technology

Innovative Omnichain NFTs, or ONFTs, can be deployed across multiple chains simultaneously to enable cross-chain NFT utility for NFT collectors and enthusiasts.

LuckyBid will utilize LayerZero ONFT tech to transfer the purchased bluechip floor NFTs from L1 (Ethereum) to L2 (Arbitrum) and then select a draw winner and instantly transfer the NFT to the winner's wallet.