Express

Nifty Gateway to Cut Ethereum Gas Fees by 70% on NFT Transactions

Amy Liu

Summary: The recently-expanded NFT marketplace will launch a hybrid, semi-custodial model that it claims can drastically cut Ethereum gas fees by up to 70% on NFT transactions. “Gas fees have become a really challenging issue for all Ethereum-based projects at this time,” the co-founders Duncan said. “If you're spending $200 on an NFT and the gas ...

The recently-expanded NFT marketplace will launch a hybrid, semi-custodial model that it claims can drastically cut Ethereum gas fees by up to 70% on NFT transactions.

“Gas fees have become a really challenging issue for all Ethereum-based projects at this time,” the co-founders Duncan said. “If you're spending $200 on an NFT and the gas fee to purchase that NFT is $100, a lot of times you'll just choose to not make that purchase.”

By Amy Liu

Last Update:

Tags: ,,,
Link: Nifty Gateway to Cut Ethereum Gas Fees by 70% on NFT Transactions   [Copy]
Next:

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 2 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 5 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 9 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 11 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 13 days ago

    • You need to login to comment.