Loopring announced the latest in NFT technology with their new red packet NFT delivering system that will allow traders using Loopring wallets to send and receive NFTs for as little as $0.50, a significant difference in price compared to Ethereum gas prices that can reach as high as $20-$40 per transaction when traffic on the blockchain is active. 

The NFTs are stored in a new delivering system called red packets, named after traditional Chinese gifts usually received during Lunar New Year. The red packets also house additional features to make NFT gift-giving and airdrops more exciting such as blind reveals and QR code scanning.