If you’ve ever minted and sold an NFT, then you know there’s complexity to the process. Imagine doing that 10 million times. Sponsored content by wax_io:
, plans to celebrate the opening of its 10 millionth cloud wallet by dropping 10 million non-fungible tokens.
If you’ve ever minted and sold an NFT, then you know there’s complexity to the process. Now imagine doing that 1x107 times. WAX had to figure out how to do that before the platform crossed this milestone. And considering it’s the global number one blockchain site by daily transactions, and number two blockchain site by daily users second only to Binance, that moment was coming up fast.“Arguably, the real flex here is the 10 million NFTs we’ll be dropping when we hit the milestone.
The trick, then, isn’t the ability to distribute NFTs – it’s the ability to distribute digital assets regardless of form. Wax was built to process tens and even hundreds of millions of transactions per day. It already exceeds 15 million per day in real-world operation, so a 10 million-unit drop might push the system near its limits for a short period but it won't break it.
And that’s before NFTs even enter the picture. Creating an NFT, as with any transaction on Ethereum, is both cost-intensive and bad for the environment. Let’s not forget that, whatever Vitalik Buterin’s utopian plans might have been, his brainchild still runs on a proof-of-work protocol, so minting 10 million NFTs right now would cost $331,200,000 – much of that going into coal-fired energy. Another slice of that pie goes to preventing or mitigating the effects of spammers on the network.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lindsay Lohan offering ‘experiential NFTs’ on SuperfandomHollywood star Lindsay Lohan is one of the entertainers offering 'experiential NFTs' that give fans the opportunity to meet and hang out with them. The Superfandom platform is due to launch the NFTs in the next two weeks.
Leer más »
Facebook Wants to Make It Easy for Your Grandparents to Get Into NFTs: ReportBut there's no word on when we might be seeing the apes in the Facebook marketplace.
Leer más »
Facebook and Instagram to Allow Users to Create and Sell NFTs: ReportFacebook and Instagram are reportedly the next giants that aim to hop on the NFT bandwagon.
Leer más »
Facebook and Instagram are reportedly exploring plans to make, showcase, and sell NFTsMeta smells money in the NFT craze
Leer más »
Nifty News: AMC investors get tokens, Naomi Osaka NFTs, Guy Oseary to represent World of WomenAMC dropped an NFT and a WAX wallet to all of its shareholders, the 2022 Puppy Bowl has an NFT sale going on now to benefit animal charities, and Naomi Osaka is launching a new collection by her sister.
Leer más »
Exploding Kittens releases 3D-printable NFTs for new tabletop gameExploding Kittens follows other game companies releasing digital collectibles, such as the Japanese video game developer behind Castlevania.
Leer más »