As far as a “decentralized L1 blockchain
Posted: Sun Jan 19, 2025 8:37 am
As far as a “decentralized L1 blockchain”, Solana fails. However, people are not investing in NFTs for their immutability characteristics. Nobody plans to memorize their Bored Ape seed phrase to cross the border in war time, or trade NFTs for funding humanitarian aid in dictatorship regimes. People are buying and selling NFTs to make money online.
In turn, many people see Solana NFTs as a great way to get faster buy armenia cell phone number list cheaper NFT transactions that Ethereum, and the Solana token as a great way to invest in cryptocurrency to stay ahead of the curve and buy a coin that will moon in the future.
Why Invest in an NFT Project on the Solana Blockchain?
Perhaps the best reason people choose to invest in NFTs on the Solana blockchain is that they believe in the project’s long-term potential. NFTs, regardless of the blockchain their contract is hosted on, are essentially the same.
The difference in value is often due to one chain having a larger fanbase and level of notoriety. If you believe in a bright potential for this blockchain, you might see Solana NFTs being worth buying. Here are some additional reasons to consider Solana NFTs:
Lower Transaction Fees & More Transactions Per Second
Solana is capable of 65,000 transactions per second, which makes the transaction fees a reported average of $0.00025 per transaction. Not bad, considering people often pay $100s per transaction on Ethereum!
In turn, many people see Solana NFTs as a great way to get faster buy armenia cell phone number list cheaper NFT transactions that Ethereum, and the Solana token as a great way to invest in cryptocurrency to stay ahead of the curve and buy a coin that will moon in the future.
Why Invest in an NFT Project on the Solana Blockchain?
Perhaps the best reason people choose to invest in NFTs on the Solana blockchain is that they believe in the project’s long-term potential. NFTs, regardless of the blockchain their contract is hosted on, are essentially the same.
The difference in value is often due to one chain having a larger fanbase and level of notoriety. If you believe in a bright potential for this blockchain, you might see Solana NFTs being worth buying. Here are some additional reasons to consider Solana NFTs:
Lower Transaction Fees & More Transactions Per Second
Solana is capable of 65,000 transactions per second, which makes the transaction fees a reported average of $0.00025 per transaction. Not bad, considering people often pay $100s per transaction on Ethereum!