Bitcoin Forum

NFTs are one of the hottest trends since the beginning of the year. Many companies are launching unique digital arts, and in-game items through popular blockchain networks in order to get a "piece of the pie". Ethereum is the #1 platform for NFTs due to its large ecosystem of dApps, tokens, and services. But high network load made ETH extremely expensive and slow to use. Launching an NFT on ETH really takes up a hefty sum of money, compared to other competing chains. There are many smart contract platforms on the market right now, each with their unique features and use cases in the mainstream world.

I'm wondering which is the best blockchain (besides Ethereum) for NFTs? Many are cheaper to use than ETH, but not many popular NFTs are built on them. If we were to classify blockchain networks from top to bottom, which do you think is second next to ETH in NFT adoption? Is it Binance Chain, Polygon (MATIC) or Polkadot? Your input will be greatly appreciated. Thank you. :)

I know that Polygon is considered to be a blockchain that is actively used for NFT-projects. Many NFT-projects that work on Ethereum, work on Polygon as well. For example, Open sea works both on Polygon and ethereum. Maybe you also know Unifty and Artavatars that also work on Polygon. There are also some games on Polygon such as decentraland and neon district.

Ethereum was not the best blockchain for NFT. The best blockchain for NFT was binance smart chain. Lots of NFT projects were getting centralized on binance chain and some on polygon.
The majority of developers were avoiding ethereum blockchain caused by it has non sense fees that the small players can't afford it while NFT games needs regular transaction coz players were actively playing and running the economic of the game.

1. BSC
2. Polygon
3. Avalanche

BSC has become the blockchain with so many active blockchain gaming players. Polkadot didn't play too much in this field. DOT was not popular blockchain among the crypto gaming developers. It has complicated mechanism.

Doesn't Ethereum have the most number of NFTs on its platform? Anyways, it seems to me that the NFT craze is far from over. Did a little "digging" and found out that new NFTs are being built on scalable blockchain networks, especially on Binance Smart Chain. If popularity for BNB continues to increase, ETH might lose its position as the biggest smart contract platform in the world. Believe me, it's extremely expensive to launch or even use an NFT on the Ethereum blockchain. BNB is an option, but the platform is utterly centralized. A better alternative would be Polygon (MATIC). But this one is just starting to blossom as not many things are built on it yet. With the hype still on-going, it looks like NFTs will be with us for a little while. I hope Polygon gets the attention it deserves so it could attract many popular NFTs from other platforms. Who knows how the future of NFTs will look like as mainstream adoption grows at a fast pace? ;)



I've missed mentioning Avalanche, but I'm glad you brought it into subject. It's a very nice alternative that's compatible with the EVM just like Polygon and BSC. But I'm not sure if it's a far more decentralized solution than Polygon. The platform is relatively new to the crypto/Blockchain space so we should give it more time to mature. I see a future where in-game items and digital collectibles in the form of NFTs will take our world by storm. As long as decentralization is prioritized, there should be nothing to worry about. :)

Better to go with bsc or polygon, they are both popular, and more nft are built from the two blockchain, I am not sure if avalanche has many nft projects on it like bsc and polygon does, anyways since you are also considering cheap trans fees and popularity better to go with bsc. Eth is a no-go zone with high gas fees.

you forgot solana because currently Solana is quite liked by many developers and creators

but if discussing the potential between BSC, MATIC AND DOT then I will choose matic because the fee is much cheaper even though it is still less adopted than BSC and DOT

BSC and Solana are the contenders for the other blockchains that are being built in by the other NFT projects.

Despite the high fees on the eth network, still, there are a lot of projects and NFTs are there and keep on being built. Too much for the fees on eth network and that's why an alternative is really better than it.

What about cross chain NFT's? I didn't really do any research, but is there anything like that?
It's an interesting concept, no?

MATIC is currently on the rise and showing good progress since then. Their game, Ethermon now established a good number of players.

WAX Blockchain is also one of the top-performing chains today and showing a good price movement for weeks now. Most of the DAPPS under that network is able to attract new people to try the network.

KAI network is also in bloom because of their DAPP, MyDefiPet.

But overall, adding BSC as an alternative network is really necessary. It's now the general chain that was mostly used. It will give convenience to users who want to try the other network's DAPP.

Ethereum is not even the best blockchain for NFT's, in fact it's not best on anything. Binance Smart Chain and Flow are the best ones for NFT right now. Wax, Avalanche and Solana are also contenders but they need more adoption and better products. When you check these you will see what's in common; very low fees. There are a lot of GameFi projects in BSC and collectible projects in Flow and Wax. The good thing is there is room for grow for all these blockchain products. You better invest all of them with some portion of your money for long term.

yeah i know what the feel with thoose high fee  :'( :'( but open sea accept polygon using wrapped eth, some of my friend using tezos to deploy their nft, bsc kinda hype to avax maybe im my third position oh there is one solana maybe become the next hype

In fact now that after ethereum, Binance smart chain is the network that is the most in the creation of NFT, second is solana, so on followed by a network that is less popular but very good in performance. Avax and matic. NFT has a long trend from the beginning of the year until this November. I believe this trend continues into next year because the NFT is on a stable trend even when in a bear market.

Of course BSC, it is proven that the BSC community is already on par with ethereum even most ethereum communities move to Binance smart chain in order to get cheap transaction fees NFT is also growing rapidly here, one of the successful NFT markets is bake. Bake has a platform for NFT.

All alternative chains have some projects connected with NFTs and blockchain gaming. I think that Fantom, Near and Polygon have the most developed NFT ecosystems. I will listed here the most noticeable projects.
Fantom: chunk NFT, Uman, pokenomy, fantom punks.
Polygon: OpenSea, Decentraland, battle racers.
Near:mintbase, paras, arterra, zest.

The NFTs on the SOLANA and Terra networks have a fairly large audience in my opinion, and the transaction fees are also very low.

I think the best one aside from ethereum is fantom when it comes to nft. Yes they have a marketplace under fantom called artion. It work like opensea and the gas fee isn't as high when you are executing on opensea. That is the best part of having a small fee chain cause doing a lot of transactions is much easier compared to before.

Also avax and polygon are small fees but I'm not sure what are the platform can be used on that.

I see binance chain is dominated by defi and NFT. so maybe Binance Chain is second and maybe if ethereum hadn't changed BSC could have been the first to replace ethereum. or maybe it has happened without us knowing it. since ethereum couldn't solve the problem, binance chain managed to overtake and that's why NFT adoption on the binance network is very high at the moment.

I would greatly consider Solana as the best blockchain besides Ethereum. They’re super fast and transaction fees are incredibly low as of this time. Most of the NFTs right now are into Binance Smart Chain and Polygon, but I just felt that Solana was really damn good when it comes for us to mint NFTs and doing transactions.

I require your help. I have received NFT on polygon blockchain, sold it on OpenSea and got WETH. I've tried using polygon bridge to turn WETH to ETH and I was offered to pay around $160 in ETH as a fee. Either I am doing something wrong, or it does not look like "gas fee inst high". Maybe (I am not sure), I can send WETH to ETH and the transaction would go as a regular transaction. With current 100gwei fee or around $8 for a normal transaction it also looks a bit costly.

So is Polygon really a good blockchain for NFT then?

Hey mate, I'm not sure where to find or trade weth to eth besides common platform such as uniswap.  That is so costly but I think due to congestion. In my opinion, polygon is good but Im not used to it since I am most affiliated with fantom instead.

Anything that is small fee is for sure good for nft flipping.

I've seen most NFTs are switching to BSC due to its ever-growing popularity. But as gas fees increase, we'll be able to see more NFTs on other blockchain networks. MATIC has dirt cheap fees right now, so it should only be a matter of time before adoption grows like crazy.

Personally, I don't see NFTs having any kind of intrinsic value except for in-game items and certain digital collectibles. How far will the industry go will greatly depend on its legitimate use cases. Regulations would probably destroy NFTs just like they did with ICOs within their early days. So far BSC is the best blockchain for NFTs besides Ethereum, but that could change in the future as new platforms take the world by storm. As long as you invest wisely, you'll have nothing to worry about. Just my thoughts ;D

IMHO, I believe the Ethereum Network has very expensive transaction fees nowadays thats why launching any NFT base project on Ethereum today is a bad idea, Anyway, the best network for me to launch an NFT project would be those network that has cheaper transaction fees, like BSC or Polygon because many users are not happy with the current transaction fees on Ethereum network that trigger a temporary migration to other networks because of that problem.