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A comment on Metakovan, the mystery Beeple art buyer, and his NFT/DeFi scheme. Parent comment

Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by bodhi_mind on Sunday March 14, 2021 @03:28PM (#26458104)
Minting and selling can actually cost the price of a meal at a restaurant depending on ethereum fuel prices. The nft marketplaces are making a killing even if your art doesn’t sell. In that sense, there is potential harm to artists who get caught up in this.
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Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by CryptoPunk on Monday March 15, 2021 @05:32AM (#26463987)
You're right as of right now. ImmutableX is an upcoming Ethereum-based zkRollup that will allow 9,000 transactions to be processed per second, thus completely doing away with the problem of gas fees:

https://www.immutable.com/

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Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by dgellow on Sunday March 14, 2021 @03:58PM (#26458419)
That’s right, though that’s quite limited. And you can use other blockchains than Ethereum, Tezos (a proof of stake blockchain with smart contracts) has NFTs platforms too and doesn’t have the high gas fee issue.
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Re:Metakovan, the mystery Beeple art buyer, and his NFT/DeFi... by DennisP on Sunday March 14, 2021 @03:56PM (#26458396)
That will change as NFT marketplaces migrate to rollups.
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