Rarible has launched a new minting method making the collector responsible for the gas fees. “It is the buyer who pays the gas fees when purchasing the item. Until then, their NFT appears on the market like any other NFT, and the data is being securely stored in IPFS”

On the one hand, it lessens the investment burden on creators, but on the other, it reduces transaction traffic, benefiting the environment. Rarible states, “as it reduces the number of unnecessary transactions on Ethereum related to NFTs that are not purchased.”

That’s good news for creators, but, at the same time, a great responsibility to achieve the best possible quality in each work, as there is no doubt that the market will be filled with digital garbage (with due respect). We cannot forget that collectors will pay more.

Opinions, dear collectors?

For clarity, RARI is the native governance token of the NFT marketplace Rarible, designed to reward active platform users with a voice on the platform’s future. As we are growing in numbers and expanding our presence on the market, we decided to take a shift towards a becoming a fully Decentralized Autonomous Organization. RARI has been created to give Rarible community the power to influence decisions and incentivize active participation.

NFT stands for non-fungible tokens like ERC-721 (a smart contract standard) tokens which are hosted on Ethereum’s own blockchain. NFTs are unique digital items such as collectibles or artworks or game items. As an artist, by tokenizing your work you both ensure that it is unique and brand it as your work. The actual ownership is blockchain-managed.

Community response:  Seems logical to me, minting costs are unsustainable for small artists.

The solution for NFTs lies outside of Ethereum The gas situation will not be fixed anytime soon This is not a problem in PoS chains like Algorand.

I’ve been here for just more than a month, but got caught by the incredible amount of emotions provoked by the NFT world.

Algorand was built as a sustainable blockchain from the beginning.  It is certainly the promised land for NFTs.

And will not be a problem on the XRPL, Songbird Network, and Flare Network. There will be platforms rolled out within those networks to where minting and transacting of NFT’S will be basically free compared to anything with ETH. Algorand is a very good one as well.

So everyone here is simply ignoring the fact that Beacon Altair is merging with Ethereum mainnet in Q1 of 2022, which will make it PoS.