Which cryptocurrencies are commonly used for buying and selling NFT art?

1 answers

• Dec 16, 2021 · 3 years ago
  When it comes to buying and selling NFT art, Ethereum (ETH) is the undisputed king. With its robust smart contract capabilities and extensive ecosystem, it's no surprise that most artists and collectors prefer to transact in ETH. However, Binance Coin (BNB) has been making waves in the NFT art world, thanks to its integration with the Binance Smart Chain. The low fees and fast confirmation times offered by BNB make it an attractive option for those looking to buy or sell NFT art. Additionally, Flow (FLOW) has gained traction as a blockchain specifically designed for NFTs, and its native cryptocurrency is used for transactions within the Flow ecosystem. While other cryptocurrencies like Bitcoin (BTC) and Litecoin (LTC) can also be used for NFT art transactions, they are less commonly accepted compared to ETH, BNB, and FLOW.
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