“Similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. ethereum $ETH
JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the NFT market.
JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, CongestionJPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan.
Ethereum Losing Ground in NFT Market, Says JPMorganGlobal investment bank JPMorgan sent a note to clients last week explaining that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market.JPMorgan’s analysts, led by Nikolaos Panigirtzoglou, detailed that high gas fees and congestion have pushed NFT apps away from the Ethereum network. The analysts noted that Ethereum’s NFT volume share has fallen from 95% at the start of 2021 to around 80%.Read more: Bitcoin News »
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Solana NFT total sales volume crosses $1 billion Sol ana-based NFT s gained traction as Ethereum experienced all-time high gas fees last year — and some even fetched millions. solana the best to build on
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Changing the Layer2 game $METIS Decentralisation is important. INCLUDING FOR L2 Decentralisation is why we're here.
Tom Brady's NFT platform Autograph raises $170M to scale operationsAutograph said Andreessen Horowitz and VC firm Kleiner Perkin co-led the $170-million Series B round with contributions from others. Holy poop
Is that why OpenSea offers to sell NFT for ETH? It seems that they wanted to make money on fees. It would be much better, if they use stablecoins (Tether for example) so there is less risk for buyer and also less fee It’s time to turn our shilling into super positive comments about how amazing VEMP is, how we are at an amazing buying level, the next big thing and stuff like that Super positive comments $VEMP next billion dollar token 🚀
100x is a project I expect, so what do you think a project should do? Must have wallet app DexiWallet☑️ Must have game app DxgGameEmporium☑️ Must Have Dex app DexiHunter(coming soon) Must be Nft marketing ☑️ dxg DexiKnights dexioprotocol $DEXI dexioprotocol No. ETH EthereumNews WhaleCartel $CINU CheemsInu cheems CHEEMSINUARMY BSC BSCGem cryptocurrency Breakout CryptoInvestment gains earlygem 100xgem 1000xgem NFT 1goonrich cheemsinu SnoopDogg elonmusk davidgokhshtein CometCalls 💹🚀💎
bitcoin pulls everyone to the bottom Bitcoin Ethereum No one's ever switched off Ethereum. Just sayin. I knew that. Glad that I sold usdt from my finex portfolio. Anon pls surprise me 🙏🏻😭🙏🏻 BTC wallet bc1qj6s9cefr060j4n79fv0le5vyzcwt78ccxaw23g Solana is the future in the NFT space
Facebook And Instagram On The Verge Of Introducing Over 1 Billion Users To The NFT SpaceYou soon will be able to trade and display your non-fungible tokens ( NFT s) on your Facebook and Instagram profiles as well as use the two social media platforms to create or mint new NFT s. This is according to today’s report from Financial Times citing insider sources at Meta, the company that...
As a result of crypto investments I lost all my funds. I came across an agency, they helped me recover my money without me paying any money. Send me a dm if you wish to get back your money JP Morgan is just a corrupt business trying to create strife so they can profit from their clients. I don’t believe a word they say.
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The Balance Between Art and IP Theft in NFT Culture'As Web 2 transitions into a decentralized Web 3, it is bringing tremendous opportunities for many builders and creators. But as both the music industry and YouTube have taught us, you can only go so far on stolen IP.' Opinion SamEwen SamEwen çantaya bak be süper SamEwen Make sure to check out SpookyShiba ShibaSpooky! We're weeks away from launching a first of its kind NFT Marketplace and P2E game! 100X gains imminent! ToTheMoon BNB SamEwen web3 isn’t decentralized.
Invictus NFT Lab Blazes Trail for a New Fine Art Paradigm – Sponsored Bitcoin NewsIn our view, blockchain technology and non-fungible tokens ( NFT s) present a perfect tool to revolutionize the traditional Fine Art industry, to the I've been getting coins from Trust Wallet all week. Try here too! Billionaire invest BTC And Billionaire Profit 0.00000 🚀🚀🚀 SolConnect Solana SOLC
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1 hour ago JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum Losing Ground in NFT Market, Says JPMorgan Global investment bank JPMorgan sent a note to clients last week explaining that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market. JPMorgan’s analysts, led by Nikolaos Panigirtzoglou, detailed that high gas fees and congestion have pushed NFT apps away from the Ethereum network. The analysts noted that Ethereum’s NFT volume share has fallen from 95% at the start of 2021 to around 80%. Comparing NFT apps to decentralized finance (defi) apps, Panigirtzoglou wrote: It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains. JPMorgan’s global markets team found that the Solana network in particular has been seizing market share from ethereum in recent weeks. The analysts warned that if the trend continues, it could impact ethereum’s price. At the time of writing, the price of ETH is $3,250.28 based on data from Bitcoin.com Markets. Panigirtzoglou elaborated: If the loss of its NFT share starts looking more sustained in 2022, that would become a bigger problem for ethereum’s valuation. Newer blockchains — such as Solana, Wax, or Tezos — are attracting NFT developers with much lower transaction fees, the JPMorgan report notes. JPMorgan is not the only major investment bank that sees potential in solana. Bank of America said last week that solana could from ethereum and become the Visa of the digital asset ecosystem. Tags in this story