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>right now everything suffers from high gas prices but it looks like that might be solved over the next 12 months High gas prices are solved, its just no one r
by throwaway_isms 5y ago
>right now everything suffers from high gas prices but it looks like that might be solved over the next 12 months
High gas prices are solved, its just no one really seems to understand or care about the technology.
Just as example, it might cost somewhere between $50-$80 in gas to use OpenSea's "free" NFT minting smart contract. But instead you can already use an L2 solution like Polygon(Matic). I minted 1,000,000 NFTs on Polygon(Matic) just to experiment and the total gas for all 1,000,000 NFTs was less the $0.01 (I think it was $0.00018xxx) and this has the double benefit of buyers normally having to pay the same $50-80 gas fees for an NFT on Ethereum Mainnet to only pay fractions of a cent. OpenSea even has a Polygon(Matic) Beta Marketplace, but funny story maybe after 1hour after my 1,000,000 NFTs were minted I listed them for sale and OpenSea took down the Beta for maintenance for a few hours and when it went back up they removed my NFT and listing entirely from the Marketplace lol.
Enjin is another interesting platform, which I'll begin to experiment with as well because it has built in staking and burning features, but until they adopt a side chain I think it will suffer from the same high gas fees.
Point is the actual tech is there, but it really seems all about the money not the tech, and that's why people are paying high gas fees.