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.

Applications which transfer value for lesser fee is in high demand.  So, Why Algorand? There is no concept of gas fees on Algorand. The minimum fee for a transaction is only 1,000 microAlgos or .001 Algos.

Not all blockchains are equal and not all of them provide the same kind of benefit.  Right from the beginning, Algorand has been built as a sustainable blockchain. Algorand according to many is the promised land for NFTs. There is an incredible amount of emotions that get triggered by NFTs. Platforms that make it possible for minting and transacting NFTs basically for free will be the top need.

For instance, in Rarible, “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.”

While it becomes important to bring down digital garbage, these kinds of transactions reduce the investment burden on creators.  Therefore, reduces transaction traffic by bringing down the numbers of unnecessary transactions.

Algorand’s foundational technology is intentionally designed to support and include all asset types for the future of finance including Non-Fungible Tokens (NFTs). They believe in the long-term value that NFT’s will bring in a new era of digital assets, and are committed to ensuring their success in the creation, management and participation in this digital economy.

An NFT on a network that is decentralized by design provides certainty of that blockchain’s future. Without it, an NFT is at the risk of the blockchain not enduring over time, a risk that can impact the overall value of an NFT. Being forkless, reliable, secure and truly decentralized – Algorand provides for improved efficiency.

All transactions on Algorand are final in mere seconds, removing any uncertainty in the settlement process of NFTs, and allowing for the performance and scale needed for successful minting. The speed, scalability and immediate finality is a major plus.

Bring a platform with low transaction fees, Algorand ensures greater participation for creators, democratizing the minting, ownership, and sale of NFTs.

Democratizing ownership with access to fractional ownership so an asset with a significant price tag can have shared ownership through an NFT, making high cost assets much more accessible. Fractional ownership is easier than before.