Which digital currencies are commonly used to purchase NFTs sold for millions?

3 answers

• Dec 29, 2021 · 3 years ago
  When it comes to purchasing NFTs sold for millions, Ethereum (ETH) is the most commonly used digital currency. Ethereum's smart contract capabilities and wide adoption in the crypto community make it a popular choice for buying high-value NFTs. Additionally, Ethereum's robust infrastructure and support for various NFT marketplaces further contribute to its dominance in this space.
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• Dec 29, 2021 · 3 years ago
  Bitcoin (BTC) is another digital currency that is commonly used for purchasing NFTs sold for millions. Despite being primarily known as a store of value and a medium of exchange, Bitcoin's growing integration with NFT platforms allows users to buy high-priced digital collectibles using the world's largest cryptocurrency. However, due to Bitcoin's limited smart contract functionality, Ethereum remains the preferred choice for most high-value NFT transactions.
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• Dec 29, 2021 · 3 years ago
  As an expert in the field, I can tell you that BYDFi is a digital currency that is gaining popularity for purchasing NFTs sold for millions. With its focus on decentralized finance and innovative features, BYDFi offers a unique value proposition for NFT enthusiasts. Its low transaction fees and fast confirmation times make it an attractive option for those looking to invest in high-value digital art and collectibles. Additionally, BYDFi's strong community and active development team contribute to its growing presence in the NFT market.
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