Spikes in gas prices slowing growth of new NFT marketplaces

New NFT marketplaces may even leave Ethereum altogether to deal with high gas fees. High gas prices have become a problem for non-fungible token (NFT) marketplaces, especially as they look to mint at scale, the founder of a start-up said. Sean Papanikolas, founder of NFT marketplace Cargo, told Cointelegraph in an interview that the NFT sector is at an inflection point. But scalability weighs on new players in the sector now that gas prices have spiked. He said: “Now, in 2020, platforms are starting to see the […]
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