My Experience with NFT’s

My Experience with NFT’s(melindawyers.com)

7 points by jetgirl 5 years ago | 6 comments

miguelmota 5 years ago |

Website appears down. Here's the archive link:

https://web.archive.org/web/20210321232118/https://melindawy...

jetgirl 5 years ago | |

Yep I just rebooted it, too many hits at once, if it goes down again I'll upgrade the server lol

rawtxapp 5 years ago |

Unfortunately, current high gas prices make anything less than large defi transactions not worth it. Just transferring some ERC20 tokens cost like 15-20$, etc.

EIP 1559 was supposed to make it more predictable, but with the eth2 speed-up to counter miners, I'm not sure if it's still on the table.

Once the gas fees are solved, I suspect the adoption for defi/NFTs/etc on eth will go through the roof.

A4ET8a8uTh0 5 years ago | |

My impression was that current unusually high interesting in NFT caused gas prices to spike. When I was playing with it for work reasons ( compliance ), it was around $50 for attempting to put my creations up for a bid ( I just checked today, gas fee is $103 ).

I find the whole thing fascinating, but, as I may have mentioned before, I see it as a very elaborate MLM type scam.

rawtxapp 5 years ago | | |

Majority of gas price spike comes from uniswap. Opensea which like one of the biggest nft marketplace is only responsible for 2% of the gas fees.

You can see the gas guzzlers at https://etherscan.io/gastracker.