Non-fungible token development has gained huge popularity in the spring of 2021. There are plenty of celebrities who joined the NFT hype train with Twitter CEO Jack Dorsey, who sold his first tweet as an NFT for nearly $3 million, and Kings of Leon band, who embedded NFT into their new album to open access to some special artworks. Non-fungible tokens opened a new door for digital artists who always had difficulties monetizing their digital works of art online. However, NFTs go far beyond that and give us a new look at how we can use blockchain. There’s a potential for creating Sport NFTs, Fashion NFTs, Real Estate NFTs, Gaming NFTs, Media & entertainment NFTs, and more.
Though a new question arises – what technologies are better to use for NFT development? In this table infographic, we compare two platforms that showed their worth: Ethereum, familiar to all crypto enthusiasts, and Flow – a fairly new but promising blockchain.
Ethereum vs Flow
In our NFT Infographic we compare the two platforms Ethereum vs Flow by the following parameters: scalability, transaction cost, consensus mechanism, smart contracts, account model, and working philosophy. Both platforms have their pros and cons. So we have created the table so that it would become clearer which platform is most suitable for specific NFT, industry, market, and business needs.
At the end of the table, there is a conclusion that explains the strong points of Ethereum and Flow. Ethereum is widely known in the crypto world and lots of tokens have already been issued using Ethereum. Nevertheless, Flow has its own advantages that can compensate for some of Ethereum’s flaws.
Have a closer look at the table in the infographic to find out more about Ethereum and Flow as tools for non-fungible token development.
The table is useful for blockchain developers as well as for people who would like to learn more about the blockchain technical details.