The crypto market may have not been on the bull run of a lifetime that everyone was expecting but one very interesting blockchain innovation has stood out, NFT’s.
These non-fungible tokens have grown wildly in value especially for tokens with purpose, NFT’s that unlock access to in game items, secret videos or exclusive features in an application.
The best (most valuable) have been ERC721 NFT’s that run on Ethereum
Ethereum has done extremely well this year but demand has driven the price of Ethereum transactions through the roof.
In fact it now costs roughly 18x more to send Ethereum than it does Bitcoin!
MATIC has become a great alternative NFT platform but seems to be struggling to attract the masses.
BNB is also a very good alternative with some good BNB NFT marketplaces now starting to arise.
But. It seems to be a relatively new coin Solana that most NFT enthusiasts appear to be heading towards as the main competitor to Ethereum ERC721 contracts.
And Polkadot could also be about to take some serious market share away from Ethereum when it comes to NFT’s.
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One thing is for sure, the people making serious gains in this 2021 crypto bull run are not doing it with mining, masternodes, ICO’s or even staking, the are doing it with NFT’s.
