'8 Best Blockchains that Support NFTs' blockchain tatum_io
It supports proof of stake protocol.Conclusion: Invest In a Profitable Blockchain
The need to add more value to the crypto world has brought about technologies like NFTs, Decentraland, and many others. Unfortunately, cryptocurrencies are volatile and keep fluctuating regardless of the blockchain. Although experts might know the trend and invest in promising ones, it’s often futuristic gambling for beginners. Generally, a blockchain’s gas fee might increase with high concurrent transactions. And a lot more determines whether you should use a blockchain for NFTs.
But whether or not you’re new to NFTs, our list of blockchains that support NFTs will give you a head start on which is worth your NFT venture. Let’s dive in right away.Ethereum is the earliest blockchain that supports NFTs. Launched in 2015, Ethereum only falls in value behind Bitcoin, the largest blockchain. And it has a market cap of $312 billion. Indeed, we’ve seen many NFTs, like Beeple, Cryptopunk, and more, sell on Eth, reaping millions of dollars for their creators.
Further, it has a wide adoption among NFT traders. And it’s currently the biggest blockchain where people exchange NFTs and other cryptogenic assets. Although Ethereum is reputable, you might find its high gas fee unwelcoming — -this typically happens when more people transact at a time. Indeed, this has forced many NFT creators to opt for alternatives.
Nonetheless, many marketplaces feature NFTs for sales in Eth. Ultimately, as Ethereum has gained ground in the crypto exchange market, its value looks promising for the most part.
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