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How to select the Blockchain for my NFT project

Indice

Introducción

In previous posts we talked about how to budget for an NFT project, and how to associate value to your nfts, we also talked about what a roadmap for the project is and what it is for.

In this post we will focus on another of the fundamental points for a project to be successful, and it is the choice of the blockchain where to mint digital assets.

There are several blockchain options and each one has its strengths and weaknesses.

There are several blockchain options and each one has its strengths and weaknesses.

Ethereum:

Ethereum is the mother of smart contracts, it is the best known and most used today for this type of project.

In favor:

– Number of users, prestige, reliability, variety of marketplaces, many wallets already have it incorporated, which means fewer configurations and steps for the user.

Against:

– Cost of transactions (both minting and sales in secondary markets), speed, is one of the slowest.

Polygon:

Polygon is a second layer of Ethereum that is being developed as a new blockchain on its own.

In favor:

– Cost of transactions, average speed.

Against:

– Limitations in the marketplaces, today you have to configure it in the wallets to access which for new users implies one more step.

“Hay varias opciones de blockchain y cada una con tiene sus fortalezas y debilidades”

Solana

Solana is a blockchain with a lot of support and promises to be one of the big ones in the coming years.

In favor:

– Speed, ease in the user interface, possibility of buying crypto directly from the wallet with your credit card

Against:

– There is still not much variety of marketplaces or smart contracts available

Terra:

Terra is the fastest growing blockchain in recent times and is now developing its NFT markets

In favor:

– Cost of transactions, speed

– Ease of use and access to its ecosystem

Against:

– There is not much variety of marketplaces or smart contracts available

In addition to these four options, there are many other blockchains that could be suitable for mining your NFTs, such as Binance Smart Chain, TRON, EOS, among others. When choosing the right blockchain for your NFT project, it is important to consider your own needs and preferences, as well as those of your audience and the marketplaces where you plan to sell your NFTs. Some other factors to consider may include the cost of transactions, the speed of the blockchain, the ease of use, and the availability of smart contracts and marketplaces. By evaluating all of these options, you will be able to make an informed decision and ensure that you are using the right blockchain for your needs.

Conclusion

In conclusion, there are several blockchain options available for mining your NFTs, each with their own strengths and weaknesses. When choosing the right one for your project, it is important to take into account your needs and preferences, as well as those of your audience and the marketplaces where you plan to sell your NFTs. By evaluating factors such as the cost of transactions, speed, ease of use, and the availability of smart contracts and marketplaces, you will be able to make an informed decision and ensure that you are using the right blockchain for your needs.

On the other hand, the CMS usually suppose a higher initial cost since for the inexperienced user they require the help of a professional, but said cost is amortized in less than a year. The only cost that it will have to carry is about 5 euros per month for the hosting where the web is hosted. Web that is now its own, that the client can download, can move to the hosting or domain that they want and when they want.

From NFT Smart Design we can advise you to create your project in different blockchains. Click here and register to get in touch and together we can see how we can help you.

Disclaimer: The content of this web page is provided for general information only and should not be taken as investment advice. All content on the site, including, but not limited to: forum comments by the author or other users, articles and graphics, advice, and anything else found on this site, should not be construed as a recommendation to buy or sell. any financial asset or to participate in any trading activity or investment strategy. The author may or may not hold positions with any companies or advertisers that appear or are discussed on the site. Any action you take as a result of information, analysis, or advice on this site is your sole responsibility. Consult your financial advisor before making any investment decision.

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