22 Sep 2021 · 4 min read

Discover The Innovative Blockchain Platforms Lowering NFT’s Barriers For Newcomers

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Non-fungible tokens (NFTs) represent the latest trend to take the internet and the world by storm. These easily exchangeable and individually unique digital assets stored on specific blockchains have emerged as one of the most prominent sectors of the flourishing blockchain and cryptocurrency ecosystems.

With the flexibility to transform almost everything into an NFT, be it art, music, videos, GIFs, sports memorabilia, or anything else collectible, more and more artists, celebrities, influencers, and sports are entering the NFT space.

However, creating an NFT and listing it for auction on the available marketplaces may seem overwhelming for the majority of the creators, given that identifying the suitable blockchain, setting up the digital wallet, and navigating other related technicalities demand a considerable understanding of underlying blockchain technology.

Excessive Minting Of NFTs Have Clogged The Ethereum Network

The majority of the NFT activity takes place on the Ethereum network. To get started, an interested user would need to first register for a Web3-enabled wallet like Metamask. Following this, the artist will need to add ETH, the native token of the Ethereum network, to pay the associated gas fees. To add ETH to the wallet, an artist must first purchase it from a fiat-to-crypto exchange like Coinbase or Binance and then transfer it to the Web3-enabled wallet.

By design, NFTs on Ethereum follow open-source standards, meaning the creator of the NFT holds it in their digital wallet and are free to use any compatible tools and list their NFTs on whichever platform they desire. For instance, if an artist mints their NFT on Mintbase, they can list it on OpenSea or any other digital auction marketplace built on Ethereum.

All of the above may sound relatively straightforward, but there is undoubtedly a learning curve needed to master decentralized technology, which leaves thousands of artists seeking alternatives. Moreover, the influx of thousands of new digital art pieces and surge in transaction volumes on the Ethereum network has led to network congestion and a massive rise in gas costs.

Overcoming The Obstacles Connected With Minting NFTs

Together, the technical requirements, the plethora of decentralized marketplaces, and the rising gas costs have made it exceedingly difficult for the bulk of artists to begin minting their own NFTs. As a result, several promising blockchain networks, designed to serve as all-inclusive, easy-to-use, and cost-efficient platforms, have emerged within a short period, each aimed at lowering the technicalities involved with ‘minting’ NFTs.

Unifty is one such promising platform that has emerged as a fully decentralized zero-code NFT solution for creators, offering every tool and feature needed to enable creators to enter the quickly expanding marketplace. Founded in 2020 by Markus Boop, Unifty aims to remove existing barriers within the NFT ecosystem by addressing the shortage of tools to manage and organize NFTs while maintaining complete decentralization and cost-effective pricing.

Earlier, artists used centralized services to mint NFTs, either by coding them independently or outsourcing to developers, leading to stratified costs. With Unifty, artists can follow a no-code approach to mint NFTs without ever needing to write a line of code. Furthermore, Unifty follows a software-as-a-service business model, enabling it to offer services on-demand at affordable prices.

Unlike other platforms, Unifty charges a one-time deployment fee for its tools and services, including access to NFT Farms, NFT marketplaces, and many other under-development features. As a platform, Unifty caters to both artists and consumers while offering an easy-to-use user interface, thus empowering thousands of artists to quickly and easily mint and sell their own NFTs.

Another promising project that aims to solve several inherent problems of existing blockchain technology for NFTs is Ardor. As a multichain platform launched on the mainnet in 2018, Ardor offers a unique parent-child architecture via its child-chain Ignis and 100% PPoS-based Nxt technology.

Compared to other prominent platforms that support NFTs via smart contracts from third-party developers, Ardor offers several embedded features designed from the ground up to support NFT tokens and assets. These features include built-in transaction type abstraction paired with APIs and a reference implementation user interface (UI).

As a result, NFT-specific tasks like registration, trading, storing, and transfer features are all provided by the underlying blockchain and not via third-party add-ons, thereby improving the overall security and costs associated with minting NFTs.

idexo is another innovative solution circumventing the constraints of existing legacy chains that support NFT minting by facilitating the integration of NFTs and NFT marketplaces into any dApp or game. Realizing that using multiple blockchain wallets can be daunting and inconvenient, idexo rolled out a simplified and straightforward user-friendly solution via its API.

With idexo’s API, anyone can mint an NFT on one or more compatible chains like Avalanche, Binance Smart Chain, Ethereum, and Polygon using just a few lines of code and API keys, streamlining the experience for both developers and users.

In addition, idexo’s NFT API does the heavy lifting on the technical side to ensure a simplified economic experience, especially for artists and businesses who want to leverage the growing Play-to-Earn (P2E) gaming market.

As NFT ecosystem growth accelerates, platforms like Unifty, Idexo, and Ardor are gradually cementing themselves as scalable, straightforward, and cost-efficient NFT-minting alternatives, empowering artists from all walks of life to partake in the new economy.