My Experience with NFT’s (opens in new tab)

(melindawyers.com)

7 pointsjetgirl5y ago6 comments

6 comments

miguelmota5y ago

Website appears down. Here's the archive link:

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

jetgirlOP5y ago

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

rawtxapp5y 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.

A4ET8a8uTh05y 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.

rawtxapp5y 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.

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6 comments

miguelmota5y ago

Website appears down. Here's the archive link:

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

jetgirlOP5y ago

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

rawtxapp5y 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.

A4ET8a8uTh05y ago

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

rawtxapp5y 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.

1 more reply

j / k navigate · click thread line to collapse