![]() To avoid the slow execution and soaring gas fee that plagues NFT programs on Ethereum, Dapper Labs launches its layer-1 blockchain-Flow. As the game’s play-to-earn business model sparked public interest in NFT programs and reshaped the mainstream’s perception of the potential of digital assets with CryptoKitties being sold for over $12 million, the lack of throughput on Ethereum for the NFT game led to network congestion, and consequently to rocketing gas fee. This inadequacy in scalability was exposed when the NFT pioneer Dapper Labs brought CryptoKitties-one of the earliest and most popular NFT games-to Ethereum in 2017. Although Ethereum can confirm transactions more efficiently than the Bitcoin blockchain, the spike in the smart contracts Dapps built upon has become the primary cause of Ethereum network congestion.ĭespite its crucial role in blockchain history, the throughput of Ethereum became inadequate for the high volume of transactions made in Dapps. However, the boom in Ethereum Dapps leads to a rapid increase in on-chain transactions. As the pioneer in the functional form of smart contracts which Dapp providers can code on, the Ethereum blockchain achieved what the Bitcoin blockchain fail to provide and successfully catalyzed Web3, a decentralized internet in emergence. Launched in July 2015, Ethereum started to gain traction among decentralized application (Dapp) developers and thrived to become the largest and the most robust blockchain. Learn why the hottest NFT programs are migrating from Ethereum to Flow NFT marketplace and how to display your NFT collections on Flow using Blocto! NFT programs’ migration to Flow NFT MarketplaceĮvery iteration of the blockchain aspires to exceed its predecessor. Flow NFT Marketplace: NBA Top Shot NFT Collection and the Power of Blocto
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