In a world where there’s several solid blockchains available, what makes Ethereum the king and one-stop-shop for NFT collections like the Book of Gates? It’s not free of criticism on several fronts, but no one can deny its popularity.
Despite the competition, Ethereum remains the most popular NFTblockchain. It’s highly decentralized, requires no intermediaries to procure the critical legal/financial information needed, and is widely recognized by many of the most popular NFT marketplaces. And with the recent Merge, it has taken steps to curtail some of the criticisms of its proof-of-work model. Now operating as the proof-of-stake format, it has dropped its wasteful energy expenditure, and maintains a profile as one of the safest blockchains to use.
Minting NFTs like the Book of Gates
This makes it an understandably popular and versatile blockchain, as well as one easily adapted for a variety of marketplaces, for collections like the Book of Gates to choose. For popular collections like this one, powered up with a unique art style as well as web3 gaming versatility, it allows for a full expression of the decentralization and security investors are looking for, adding additional trust to the mix.
So if you’re looking for a super-hot NFT collection (like the Book of Gates) to invest in, Ethereum still remains the blockchain of choice to power it.