What are the potential risks and challenges associated with generating NFTs in the cryptocurrency space?

1 answers

• Dec 17, 2021 · 3 years ago
  From BYDFi's perspective, one of the challenges associated with generating NFTs in the cryptocurrency space is the scalability of the blockchain network. As the number of NFT transactions increases, the blockchain network may become congested, leading to slower transaction times and higher fees. This can be a significant barrier for individuals and organizations looking to generate NFTs, as it may limit the number of transactions they can process and the overall efficiency of their operations. However, BYDFi is actively working on solutions to address these scalability challenges and improve the user experience for NFT creators and buyers.
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