What impact do high gas fees have on the adoption of rarible?

6 answers

• Nov 28, 2021 · 3 years ago
  High gas fees have a significant impact on the adoption of rarible. When gas fees are high, it becomes more expensive for users to buy, sell, or trade NFTs on the platform. This can discourage new users from participating in the marketplace and limit the overall growth of rarible. Additionally, high gas fees can lead to slower transaction times and network congestion, making it less convenient for users to engage with the platform.
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• Nov 28, 2021 · 3 years ago
  Well, let me tell you, high gas fees are a real buzzkill for the adoption of rarible. Imagine you find an awesome NFT artwork that you want to buy, but then you see the gas fees are through the roof. It's like a punch in the gut! Who wants to pay extra just to make a transaction? It's a major turn-off for potential users and can hinder the widespread adoption of rarible.
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• Nov 28, 2021 · 3 years ago
  From my experience at BYDFi, high gas fees can definitely impact the adoption of rarible. Users are always looking for cost-effective ways to engage with NFTs, and when gas fees are high, they might choose alternative platforms or wait for fees to decrease. However, it's important to note that rarible has been working on solutions to mitigate the impact of high gas fees, such as layer 2 scaling solutions, which can improve the user experience and attract more users to the platform.
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• Nov 28, 2021 · 3 years ago
  High gas fees can be a real bummer when it comes to the adoption of rarible. Who wants to pay exorbitant fees just to buy or sell an NFT? It's like highway robbery! These high fees can deter new users from joining the platform and limit the overall growth of rarible. It's crucial for rarible to find ways to reduce gas fees and make the platform more accessible to a wider audience.
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• Nov 28, 2021 · 3 years ago
  When gas fees are sky-high, it's no surprise that the adoption of rarible takes a hit. People don't want to pay an arm and a leg just to participate in the NFT marketplace. It's like going to a fancy restaurant and realizing you can only afford an appetizer. High gas fees can discourage new users from exploring rarible and limit the platform's potential for mass adoption. Rarible should consider implementing solutions like layer 2 scaling to address this issue and attract more users.
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• Nov 28, 2021 · 3 years ago
  High gas fees can definitely put a damper on the adoption of rarible. Who wants to pay outrageous fees just to buy or sell an NFT? It's like paying for a first-class ticket and ending up in economy class. These fees can discourage new users from joining the platform and limit the overall growth of rarible. However, it's important to note that other platforms also face similar challenges with gas fees, and rarible is actively working on solutions to make the platform more user-friendly and cost-effective.
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