'8 Best Blockchains that Support NFTs' blockchain tatum_io
Non-fungible tokens are the hottest digital investments out there today. NFTs are cryptogenic assets and are only tradable in cryptocurrencies. They’re only available in a blockchain, hence, they’ve only been available in the past few years. Our list of blockchains that support NFT tokens will give you a head start on which is worth your NFT venture. Let’s dive in right away to find out which is the best blockchains to trade on.
Non-fungible tokens are the hottest digital investments out there today. And people keep investing as the market grows. Of course, NFTs are cryptogenic assets and are only tradable in cryptocurrencies. Hence, they’re only available in a blockchain. Many more blockchain technologies keep supporting 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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