I dont use the tradional OpenSea Eth minting, I use the Polygon blockchain. Which is on Eth but works differently. There is talks of 30 gwei fees now due to spam attacks, something that could happen with Wax, but they have a different whitelisting and not a verify blue tick system like OpenSea. Im not sure if this fee will be charged on creation or selling. Either way, IF I actually make enough art to tokenize, I'll be minting on various platforms.
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My bad figured it was on polygon but you never know, WAX & ETH will be doing a smart contract system similar to polygon in the near future.
https://wax-io.medium.com/psa-ethereum-virtual-machine-and-eth-bridge-coming-to-wax-plus-100-million-wax-fund-for-defi-9920192f0070?source=user_profile---------10----------------------------
I agree WAX has some security flaws & the Whitelisting sucks people get shot down for the stupidest shit for white listings.
I heard something about that bridging. I like the idea.
Yeah I need to make sure to mention no gas fees. Gotta stay on my marketing game better lol
Its crazy. I remember when smart contracts werent even a usable thing yet (plenty of talk and tries) and we knew what it would be able to do. Fuck took forever...in terms of the internet. IRL, it was pretty quick in the big picture.
Yeah now Nefty Blocks took the WAX smart contract game to whole new levels now there are multi NFT colection Burn Blend use cases for WAX NFTs. & NFT market liquidity mining. Merge ETH with all this & it may literally break the internet.
https://neftyblocks.com/whitepaper
Every chain with smart contracts will have NFTs and have all these options plus in a year or two. If the earlier NFTs were Bitcoin, this stage is altcoins dropping, next stage will hopefully be like the later 2010s but that means a bubble, but after the bubble comes a more stable environment with even more adoption. Thats if I compare it to bitcoin and the altcoin market history, and it could be totally different with NFTs.
I long suspected the NFT is a Consumer market (subjective), where as most Crypto is a financial market (investors). People try to get rich with both but only NFTs get purchased strictly due to their appeal to the buyer in question.
As NFTs tend to be subjective, with Bias of the consumer being a major factor the NFT market isn't rational like the crypto market.
To me the closest comparison is collectables or entertainment with a fandom not share holders driving value
NFTs will be about bills, deeds, and less cool stuff then what we are seeing now. Still plenty of music or other media but I think when NFTs, and whatever brands will label their "phone bill" or trendy "luxury home deed" NFT, there will a much broader focus. Like the blockchain work in medical history databases.
Right I can dig it it give consumers agency regardless of the field the NFT is utilized for instance DLC for games previously the game company had a monopoly Now players have agency. Yes tokenizing everything is the logical end point but getting there will take a gradual climb.
P.S did you see the Marijuana Vouchers for a dispensaries weed made into ETH NFTs.