Market Challenges

High Entry Costs: Minting NFTs on networks like Ethereum requires gas fees, which can spike unpredictably, making it expensive for creators and collectors alike.
Limited Technical Knowledge: Creating and launching NFTs often requires technical knowledge of blockchain, smart contracts, and various token standards (ERC-721, ERC-1155, etc.). Many artists or content creators, while talented, are not proficient in these areas.
Speculative Nature: The highly speculative nature of NFTs has led to sharp price volatility and, in some cases, rug pulls or scams. Many NFT projects launch without any sustainable underlying value, relying on hype and speculation to drive prices, often leaving average users exposed to significant risks.
Lack of Fair Launch Mechanisms: Many NFT projects launch with pre-allocated tokens to early investors, influencers, or teams, creating an uneven playing field. This has led to a desire for fairer minting methods where all users have equal access.

Last updated 3 months ago

High Entry Costs: Minting NFTs on networks like Ethereum requires gas fees, which can spike unpredictably, making it expensive for creators and collectors alike.
Limited Technical Knowledge: Creating and launching NFTs often requires technical knowledge of blockchain, smart contracts, and various token standards (ERC-721, ERC-1155, etc.). Many artists or content creators, while talented, are not proficient in these areas.
Speculative Nature: The highly speculative nature of NFTs has led to sharp price volatility and, in some cases, rug pulls or scams. Many NFT projects launch without any sustainable underlying value, relying on hype and speculation to drive prices, often leaving average users exposed to significant risks.
Lack of Fair Launch Mechanisms: Many NFT projects launch with pre-allocated tokens to early investors, influencers, or teams, creating an uneven playing field. This has led to a desire for fairer minting methods where all users have equal access.

Last updated 3 months ago