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TagsWhich cryptocurrencies are most commonly used in NFT transactions?
TATHAGAT KUMARNov 23, 2021 · 3 years ago3 answersIn the world of NFT transactions, which cryptocurrencies are frequently used as a means of exchange? What are the popular cryptocurrencies that artists and collectors prefer when buying or selling NFTs?
3 answers
- When it comes to NFT transactions, Ethereum (ETH) is the most commonly used cryptocurrency. Ethereum's smart contract capabilities and established infrastructure make it the go-to choice for most NFT platforms and marketplaces. Artists and collectors often prefer Ethereum due to its wide adoption and liquidity in the NFT space. #ethereum #nft #cryptoNov 23, 2021 · 3 years ago
- While Ethereum dominates the NFT market, other cryptocurrencies are also gaining traction. Binance Coin (BNB) is becoming increasingly popular for NFT transactions, especially on platforms like Binance NFT. BNB offers lower transaction fees and seamless integration with the Binance ecosystem, making it an attractive option for NFT enthusiasts. #binance #bnb #nftNov 23, 2021 · 3 years ago
- BYDFi, a leading decentralized exchange, has its own native cryptocurrency called BYD. Although BYD is not as widely used as Ethereum or Binance Coin in NFT transactions, it has its own dedicated community of artists and collectors who appreciate the unique features and benefits it offers. #bydfi #byd #nftNov 23, 2021 · 3 years ago
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