Layer 2 NFTs refer to non-fungible tokens created and managed on Layer 2 scaling solutions built on top of a primary blockchain, like Ethereum. Layer 2 solutions aim to address the issues of high transaction fees and slow processing times that can occur on the main chain.These Layer 2 platforms use various techniques, such as state channels or rollups, to enable faster and cheaper transactions. By moving NFT transactions off the main chain, users can buy, sell, and transfer NFTs more efficiently. Layer 2 NFTs maintain the unique properties of traditional NFTs, which means they are still verifiable and scarce. However, they offer a more accessible option for creators and collectors who want to avoid the congestion and costs associated with the main network.Overall, Layer 2 NFTs broaden the accessibility and usability of NFTs, making it easier for more people to engage with them without facing high barriers like expensive gas fees.

UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the