NFTs have tezos feeling XTZ! The network sees transactions grow to more than 50,000 per day from less than 10,000 per day in January 2021.
The Tezos network has seen impressive growth over the past 12 months in smart contract addresses and general adoption, primarily driven by nonfungible tokens .
Activity within the proof-of-stake ecosystem has had a spurt of growth recently as it aims to compete with Ethereum for NFT minting and markets.on Tuesday, the number of transactions involving smart contracts has surged over the past 12 months to more than 50,000 per day from less than 10,000 per day in January 2021.
The report observed that the growth has been driven by NFT platforms such as the generative art platform FX Hash seeing increased interest. Additionally, gaming giant Ubisoft alsoHigh Ethereum network fees are driving NFT creators and buyers to alternative networks such as Tezos. The network has afor all Tezos-based NFT marketplaces, which it claims are “carbon-neutral” with network fees that are “less than a penny.
Active addresses on the network are at an all-time high of over 45,000, while active smart contract addresses have tripled from under 200,000 to over 600,000 over the past 12 months. This highlights the growth in NFT and decentralized applications that are using Tezos. The research also measured the total number of daily transactions, labeling it as “other transactions.” This figure spiked in August 2021 when the network launched an upgrade to cut block times in half. From a steady 40,000 daily transactions, it surged to over 250,000 and has remained at those levels ever since.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FloSports Partners With Tezos to Boost Fan EngagementTezos has signed a multi-year partnership deal with sports-focused subscription video streaming service FloSports.
Read more »
$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactionsYour ETH is burnt! With help from OpenSea, $1 billion worth of Ether has been burned in the last month.
Read more »
Polygon's OpenSea Active Users Surge by 23% Amid Global Brands' NFT LaunchPolygon's Opensea active users spike 23% after global brands' NFT drop PolygonNFT OpenSeaNFT
Read more »
Introducing a New NFT Project Based on Ethereum Creator Vitalik Buterin | HackerNoon'Introducing a New NFT Project Based on Ethereum Creator Vitalik Buterin' nft art
Read more »
FloSports Partners With Tezos to Boost Fan EngagementTezos has signed a multi-year partnership deal with sports-focused subscription video streaming service FloSports.
Read more »
Worms NFTs were a great idea for Team17, until they weren't | EngadgetIt didn't take long for Team17 to cancel its NFT plans after they were announced..
Read more »