One of the most asked questions in the NFT space is which NFT blockchains are the best, and Cardano is one of the most likely platforms to be compared to Ethereum
Making sense of the NFT Space
When it comes to the NFT space, the Ethereum blockchain is the most highly sought-after. Still, it’s also one of the most problematic. Many competing NFT blockchains are created to solve specific problems associated with this blockchain, such as high gas fees and delays in transactions. Today, we’ll pit Cardano NFTs against Ethereum NFTs and see which prevails; enjoy.
Cardano NFTs (CNFTs): More than meets the Eyes
Cardano (ADA) is a cryptocurrency, and every ADA is the same; naturally, if you trade one ADA for another, you’ll get equal value, and that makes it fungible. One of the most exciting features of the Cardano NFT ecosystem is its growth, thanks to its blockchain advantages over its competitors.
Most CNFTs work because Cardano NFT projects are being sold directly from websites; you can connect your ADA wallet to such websites, which allows the sale and buying of NFTs using ADA. For a buyer, after sending the required ADA to the seller’s wallet, they’ll create (mint) your NFT and send it to you.
Game developers tend to favor Cardano NFTs because they are minted on the Cardano ledger and treated like any other token on the blockchain, making them easier for developers to embed them into decentralized applications.
Ethereum NFTs: Big and Bold
Ethereum has two token standards, the critically acclaimed ERC20 for fungible tokens and the ERC721 for Non-fungible tokens. Although ERC20 is more famous, we’ll be paying more attention to ERC721 during this piece because it’s more relevant to the topic.
Ethereum NFTs are created through smart contracts, and many of the famous and astonishing NFT projects call the Ethereum blockchain their home. When we consider all the problems people complain about regarding Ethereum blockchain tokens, we might expect it to decline steadily, but that doesn’t seem to be the case – at least not yet.
Whenever you hear the phrase smart contracts, you’re most likely communicating about an Ethereum-based project. The technology behind Ethereum NFTs is far from perfect, but there’s a reason why this platform is the go-to for most major NFT projects – it delivers what it’s optimized to perfection.
Ethereum Alternatives: There’s room for competition
We hear a lot of complaints about Ethereum networks being clogged or gas prices being exorbitant, but most people seem to ignore the obvious. Ethereum networks are clogged because demand is overwhelming, and gas fees are unbelievable because users keep bidding as much as is necessary to process their transactions.
It’s a great thing that there’s a considerable amount of competition and variety in the world of NFTs now users can rely on alternative blockchains like Solana and Cardano to get things done, and with lower fees and a cheaper minting process, alternative blockchains are successfully attracting their ideal customers daily.
