Biconomy , a multichain relayer network building infrastructure to simplify the web3.0 experience, announced it has integrated with Showtime, the user-owned NFT social network, to remove the major hurdle for buyers and creators, by enabling gasless transactions and bringing free minting to the NFT ecosystem.
Showtime is a next-generation social network, where every piece of content is a NFT. Their web app allows creators and collectors to discover and showcase their digital art and collectibles. In May this year, Showtime raised $7.6M from Paradigm, 3LAU, Naval and others.
At peak transaction times, minting an NFT can be extremely costly, recently reaching fees as high as 3 ETH. This is unsustainable for users minting thousands of NFTs at once.
To create a more seamless minting and buying process, Showtime has integrated Biconomy’s Gasless module to remove a major hurdle for creators. Users are now able to mint art and collectibles for free, even in large quantities (up to 10,000 editions). Beyond minting, gas fees are waived for transferring and burning NFTs, as well as claiming NFT drops.
“NFTs represent the content layer of the internet,” said Alex Masmej, Co-founder & CEO at Showtime. “It’s a digital property that will be at the core of every community and company in the future. Biconomy helps bring a web2 familiarity to this NFT experience on Showtime!”
“Showtime is one of the major projects out there making NFTs and crypto art mainstream,” said Ahmed Al-Balaghi, Co-founder & CEO at Biconomy. “We are thrilled to help them accelerate their mission and bring NFTs to the masses.”
Biconomy’s infrastructure will allow Showtime users to bypass the process of collect native tokens, setting gas fees, and paying that fee. Users will now interact with Showtime on their wallet without having to switch their RPC network settings manually, while ensuring that no transaction or NFT minting fails, even in highly congested situations.