Ethereum alternatives: Five blockchain platforms that support NFTs

Are you tired of expensive NFT fees on the Ethereum blockchain? Try one of these alternatives! While NFTs have been around since the mid-2010s, their popularity skyrocketed after Beeple's Everydays NFT collection sold for a record $69.3 million in February 2021.

Since then, NFTs have caught on, sold on multiple markets and supported by a variety of blockchain platforms. Here are some of the most popular blockchain platforms that support NFTs.

Zilliqa   Launched in 2017, Zilliqa is the first shard-based public blockchain. Zilliqa is designed to improve scalability, meaning that transaction speed is not affected by network growth.

Early blockchain platforms like Bitcoin and Ethereum are notorious for their slow transactions. Zilliqa community members who own gZIL governance tokens also have the opportunity to shape the direction the blockchain takes by submitting and voting on proposals. Besides supporting NFTs, Zilliqa has several projects across the NFT space, including its partnership with music platform NFT Token || Traxx.

Even more exciting, Zilliqa is actively investing in the creator economy through its $10 million Creator Fund, which supports innovation in the NFT and Metaverse space. Flow Flow is a staking-based blockchain specifically designed to support NFTs and other consumer applications.

The developers at Dapper Labs, who are behind one of the first NFT-based games, CryptoKitties, created Flow when CryptoKitties transactions overwhelmed the Ethereum network in 2017. Flow's unique multi-node architecture addresses scalability issues ensuring low-cost and fast transactions. The FLOW token is used for transactions, betting, and voting management.

Flow's purpose-built design targeting consumer applications has attracted high-profile companies to partner with the Flow network to sell their digital assets. Some of these companies include the UFC and the NBA, and CNN even jumped on board to sell “memorable moments” from its network.

Tezos  

Tezos is an open source proof of shard blockchain that was released in 2018. Tezos encourages engagement and collaboration with its users with the goal of continuous innovation and long-term upgradability. Tezos emphasizes its improvements to Ethereum, most notably its environmental friendliness, as it uses 2 million times less electricity than Ethereum and less than 1 XTZ to mint an NFT.

Although less well-known, Tezos is still making its mark in the NFT world with recently announced partnerships such as NFT music platform OneOf, NFT platform Rarible, and world-leading gaming studio Ubisoft launching its first NFT project on Tezos. Solana Solana is a blockchain that claims to be the fastest in the world.

One of the most attractive features of Solana is its ability to scale, ensuring that it will always be fast while ensuring that no transaction fee on the network exceeds $0.01. Solana's goal is to become the blockchain of choice for crypto applications, and this goal has made it popular in the NFT world. New NFT projects are frequently launched on Solana, in addition to partnerships with notable companies like Opera Browser.

Cardano Cardano is an open source blockchain based blockchain. Behind Cardano is an impressive team, founded by the co-founder of Ethereum, that focuses on the importance of regulatory compliance and scalability.

It also claims to be the most environmentally sustainable blockchain. Cardano's ability to scale and low transaction fees make it an attractive option for NFT users. There are a number of notable NFT marketplaces built on the Cardano blockchain, including Verlux and CNFT.

NFTs: What is the best blockchain? With so many different blockchain platforms supporting NFTs, choosing one can be difficult. Fortunately, there are many different blockchains with a variety of attractive features to choose from.

Whether you want to interact with a green blockchain or low transaction fees are your priority, there are now many platforms with these features that support NFTs. Source