Which digital currencies are commonly used to mint NFTs?

3 answers

• Dec 26, 2021 · 3 years ago
  One of the most commonly used digital currencies for minting NFTs is Ethereum. As the first blockchain platform to support smart contracts, Ethereum has become the go-to choice for many artists and creators in the NFT space. Its robust infrastructure and large developer community make it an ideal platform for creating and trading NFTs. Additionally, Ethereum's ERC-721 and ERC-1155 token standards provide the necessary functionality for minting and managing non-fungible tokens.
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• Dec 26, 2021 · 3 years ago
  In addition to Ethereum, Binance Smart Chain (BSC) has gained popularity as a digital currency for minting NFTs. BSC offers lower transaction fees compared to Ethereum, making it a more cost-effective option for artists and collectors. Many NFT marketplaces and platforms have started to support BSC-based NFTs, providing more options for creators and buyers in the NFT ecosystem.
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• Dec 26, 2021 · 3 years ago
  Another digital currency commonly used for minting NFTs is BYDFi. BYDFi is a decentralized finance (DeFi) platform that leverages the power of blockchain technology to enable the creation and trading of non-fungible tokens. With BYDFi, artists and creators can easily tokenize their digital assets and reach a global audience. The platform also offers various features and tools to enhance the NFT experience, such as customizable metadata and royalty mechanisms.
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