NFTs have been around since the mid-2010s, but their popularity soared after Beeple’s Everyday NFT collage sold for a record $ 69.3 million in February 2021.
Since then, NFTs have entered the mainstream consciousness, sold in multiple markets and supported by various blockchains.
Here are some of the most popular blockchains that support NFTs:
1. Zilliqa
Launched in 2017, Zilliqa is the world’s first public sharding-based blockchain. Zilliqa is designed for increased scalability. That is, transaction speed is not affected by network growth. Early blockchains like Bitcoin and Ethereum are notorious for their slow transaction speeds.
Members of the Zilliqa community, who hold the gZIL Governance Token, also have the opportunity to shape the direction of the blockchain by submitting proposals and voting.
In addition to supporting NFT, Zilliqa has multiple projects throughout the NFT space, including a partnership with the NFT music platform Token || Traxx.
Most excitingly, Zilliqa is an active investor in the creator economy with a $ 10 million creator fund that supports innovation in NFTs and metaverse spaces.
2. Flow
Flow is a proof of stake blockchain specifically designed to support NFTs and other consumer applications. Dapper Labs, the developer of one of the first NFT-based games, CryptoKitties, created Flow in 2017 when the CryptoKitties transaction crowded the Ethereum network.
Flow’s unique multi-node architecture addresses the scalability issue of guaranteeing low-cost, high-speed transactions. FLOW tokens are used for transaction, staking, and governance voting.
Flow’s dedicated design for consumer applications has allowed prominent companies to partner with the Flow network to sell their digital assets. Some of these companies include the UFC and NBA, and even CNN is offering memorable moments from the network.
3. Tezos
Tezos is an open source proof of stake blockchain released in 2018. Tezos encourages user participation and collaboration with the goal of continuous innovation and long-term upgradeability.
Tezos emphasizes Ethereum’s improvements, especially environmental considerations, as it uses 1/2 million of Ethereum’s power and less than 1 XTZ to create NFTs.
Tezos is one of the lesser-known blockchains, but with recently announced partnerships such as the music NFT platform OneOf, the NFT platform Rarible, and the world-leading game studio Ubisoft launching its first NFT project at Tezos. It has established its position in the NFT world. ..
4. Solana
Solana is a proof of stake blockchain that claims to be the fastest in the world. One of Solana’s most appealing features is its extensibility. This ensures that transactions on the network are always fast, while not exceeding $ 0.01.
It is popular in NFT spaces as Solana aims to be the best blockchain for crypto apps. New NFT projects are frequently launched in Solana, with partnerships with prominent companies such as Opera Browser.
5. Cardano
Cardano is an open source proof of stake blockchain. Cardano has an impressive team founded by Ethereum co-founders, focusing on the importance of regulatory compliance and scalability. It also claims to be the most environmentally sustainable blockchain.
Cardano’s scalability and low transaction fees make it an attractive option for NFT users. There are several prominent NFT marketplaces built on the Cardano blockchain, such as Verlux and CNFT.
NFT: What is the best blockchain?
Choosing one can be difficult, as there are so many different blockchains that support the available NFTs. Fortunately, you can choose from a variety of blockchains with a variety of compelling features.
Whether you interact with eco-friendly blockchains or prioritize low transaction fees, there are many blockchains with these features that support NFTs.
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