The NFTs sector is projected to be a billion-dollar ecosystem. $69 million for a Beeple collection? That’s right. It’s only getting started. As this expands, Ethereum will get strained and Gas will inevitably rise. Gas is presently prohibitive. A single transfer costs around $20. And this means it would offset one at least $20 to move $5 in Ethereum. It’s pretty painful!
I really like all the innovation that was forced to occur in order to, essentially, keep ETH alive. It's caused SO MANY other ecosystems to develop that are able to stand up on their own at this point. As I have said before, someone had to take the risk and just go for it (ETH) and everyone else gets to reap the benefits of watching from afar and correcting mistakes for their own projects. "Good things happen slowly, great things happen all at once". From some movie. I don't remember which, but it's very very very true in this world of crypto and NFT's.
WAX is the way to go friends, don't pay another gas fee.
Well
Personally I don’t like gas fees, so I’m glad people is doing something to change the high rates we have to deal with NFTs
The Beeple sale is actually one of the main reasons I started considering NFTs at all.
Eth gas fees are really annoying
I know many artists who are holding their production on hold
However, on the one hand, these high gas prices led to the strengthening of alternatives.
this is a positive development for the nft market
As the competitiveness increases, both artists and collectors will benefit.
It owes its wax growth that we are currently a fan of and that we cannot imagine the NFT market without, to these high gas fees.
I really like all the innovation that was forced to occur in order to, essentially, keep ETH alive. It's caused SO MANY other ecosystems to develop that are able to stand up on their own at this point. As I have said before, someone had to take the risk and just go for it (ETH) and everyone else gets to reap the benefits of watching from afar and correcting mistakes for their own projects. "Good things happen slowly, great things happen all at once". From some movie. I don't remember which, but it's very very very true in this world of crypto and NFT's.
It´s interesting to see what´s being done to solve the gas price issues in the Ethereum blockchain.
I personally like options like WAX better.