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TagsWhat are the most popular cryptocurrencies used in the NFT market?
Jerry BrysonDec 16, 2021 · 3 years ago1 answersIn the NFT market, which cryptocurrencies are the most widely used and accepted for transactions?
1 answers
- In the NFT market, Ethereum is undoubtedly the most popular cryptocurrency. Its dominance can be attributed to its early adoption in the blockchain space and its robust smart contract capabilities. Ethereum's native token, Ether (ETH), is widely accepted on most NFT platforms and is the primary currency used for buying and selling NFTs. However, Binance Coin is also gaining traction in the NFT market. With the launch of the Binance NFT marketplace and the growing popularity of Binance Smart Chain, Binance Coin (BNB) has become a viable alternative for NFT transactions. While Ethereum remains the top choice, Binance Coin offers lower transaction fees and the backing of a well-established cryptocurrency exchange.Dec 16, 2021 · 3 years ago
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