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Web3 and its communities sure make all the above easier to setup and get working.
by rgbjoy 5y ago
Web3 and its communities sure make all the above easier to setup and get working.
- PaulHoule 5y agoI don't know if it is easy but it is certainly expensive (I see people paying $200 to create an NFT.)
- mfjordvald 5y agoMost NFTs are still made on the Ethereum mainnet which has huge gas fees indeed. There are alternative protocols which make it cheaper but it's a pain (and expensive) to move over to those protocols. There are some projects working on reducing this though, for example zkSync is doing some really interesting work on a layer2 solution that feels like you're staying on the Ethereum mainnet but the fees are highly reduced thanks to the zkRollup algorithm. I saw my friend mint an NFT for $1.40 the other day just to showcase the work zkSync has been doing, at this cost it'd be super interesting for real world uses beyond just art provenance.