What types of Nft can i sell?
NFTs are stored on a blockchain through a process called minting where the digital certificate is created — once minted, an NFT can’t be altered. When choosing a blockchain, keep in mind compatibility with crypto wallets and marketplaces, security, and gas fees.
Gas fees are what a blockchain charges you to perform transactions on it, and these are usually the most noticeable and consequential difference for the NFT beginner.
Different blockchains validate transactions in different ways (Proof-of-Work, Proof-of-History, and Proof-of-Stake), which affect gas fees, processing speeds, security, and even the environment differently — minting NFTs is energy intensive.
Ethereum
Ethereum is the most commonly used blockchain for NFT art, and is compatible with every major NFT marketplace. Ethereum uses Proof-of-Stake to confirm transactions, which is the most secure. The main drawback of Ethereum is the high gas fees for each transaction.
Solana
Solana uses Proof-of-History and Proof-of-Work to validate transactions, which are less secure than Proof-of-Stake but can process transactions faster. Solana is compatible with most marketplaces and gas fees are lower than Ethereum’s.
Flow
Flow operates via the Proof-of-Stake model and supports everything Web3 has to offer, including NFTs. Flow is more user-friendly and cheaper to use than Ethereum. Blockchain validation needs computing power to do its work, which consumes energy. Flow has a more eco-friendly, efficient workload distribution.
What types of digital assets can I sell as NFTs?
NFTs are stored on a blockchain through a process called minting where the digital certificate is created — once minted, an NFT can’t be altered. When choosing a blockchain, keep in mind compatibility with crypto wallets and marketplaces, security, and gas fees.
Gas fees are what a blockchain charges you to perform transactions on it, and these are usually the most noticeable and consequential difference for the NFT beginner.
Different blockchains validate transactions in different ways (Proof-of-Work, Proof-of-History, and Proof-of-Stake), which affect gas fees, processing speeds, security, and even the environment differently — minting NFTs is energy intensive.
Ethereum
Ethereum is the most commonly used blockchain for NFT art, and is compatible with every major NFT marketplace. Ethereum uses Proof-of-Stake to confirm transactions, which is the most secure. The main drawback of Ethereum is the high gas fees for each transaction.
Solana
Solana uses Proof-of-History and Proof-of-Work to validate transactions, which are less secure than Proof-of-Stake but can process transactions faster. Solana is compatible with most marketplaces and gas fees are lower than Ethereum’s.
Flow
Flow operates via the Proof-of-Stake model and supports everything Web3 has to offer, including NFTs. Flow is more user-friendly and cheaper to use than Ethereum. Blockchain validation needs computing power to do its work, which consumes energy. Flow has a more eco-friendly, efficient workload distribution.