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So I don't claim to understand any of this in detail, I only have some superficial knowledge here. How much of the NFT space works without Ethereum? My understa

So I don't claim to understand any of this in detail, I only have some superficial knowledge here. How much of the NFT space works without Ethereum? My understanding is zero. They're moving away from it is fine, but they haven't yet. I'll believe it when they actually do that. And then we'll see how that idea works in practice. And we'll see if there are any new, interesting problems with proof of stake.

legutierr 5y ago
Solana is a platform that is frequently used to issue NFTs, and people are releasing NFTs on other blockchains as well. There is a significant incentive to move to these other platforms, because Ethereum is so expensive to use. But yes, most NFTs are issued via Ethereum smart contracts. Ethereum is operating a proof-of-stake network right now in production, and is scheduled to end proof-of-work later this year. My sense is that they will likely complete the transition before the close of 2022, or in 2023 at the latest.