The Potential of NFTs Built on the Polygon Blockchain
The potential universe of NFTs (Non-Fungible Tokens) is becoming broader and more promising, since its utilities as a way of tokenizing projects and the most basic and essential elements of projects is unmatched.
Anyone can create NFTs nowadays
One of the most interesting things about the NFT universe is that anyone can create such projects today. You simply have to choose the specific blockchain you want to build on (such as Ethereum, Tezos, Polygon or other), and start minting your NFTs and NFT collections.
This minting can be done through the same Marketplaces that are used to sell NFTs. The truth is that there are many marketplaces in this sense, but two of the most remarkable are the Opensea platform and Rarible.
Who can minting NFT?
Generally, it is digital artists (graphic designers, photographers, painters, etc.) who digitize their works through NFTs, but there are also creators of digital projects such as games based on the blockchain.
Technically there are millions of possibilities to create NFT collections, but I think that the most used possibilities today are the ones I mentioned in the previous paragraph. Because as I´ve already said before, anyone can create NFTs today, and that's a huge advantage.
Which Blockchain is more promising to mint
I think it's a really subjective thing to say that one specific platform or blockchain is better than another for minting NFTs. Because everything will depend on our specific needs, our liquidity and the needs of the projects.
Without a doubt, I believe that currently, the best way to mint NFT is to do it through the Ethereum network, from the point of view that its blockchain is the best known and used for this purpose. However, there are many other blockchains that give us the ability to mint our NFTs, including Polygon and Tezos.
Many NFT creators refuse to use Ethereum to mint their NFTs, for the simple reason that network mining fees are usually very high (although they are currently quite low due to the current bear market cycle).
I personally like the Polygon network when it comes to NFT creation.
The potential of NFTs created through the Polygon Network
Creating our NFT collections in Polygon brings great advantages. The first of the advantages is that creating NFTs on the Polygon network costs absolutely nothing. They do not charge us fees; and that is a great advantage for most of us who create NFT projects.
Second, Polygon is promising to do its best to be eco-friendly in the future, as far as mining is concerned.
But beyond what has been mentioned, what seems to me that gives Polygon a huge potential to grow (beyond the wildest dreams) is the fact that big companies like Coca-Cola and Disney are creating (or thinking about creating) NFT collections through the Polygon network.
There is no comparison to the exponential growth we may see in the field of NFTs and the Polygon network when these things come to fruition for other big brands as well.
At the moment, we already have Coca Cola creating NFTs for the LGBTQI+ community on the Polygon network. We also have Disney pushing their Metaverse concept through the Polygon network, and no doubt this is a huge growth spurt for the network.
The growth potential for the Polygon network after this is such that, in my opinion, it could become the most important blockchain to create NFTs in the future, even surpassing Ethereum.
I say this because the fact that Global Corporations such as Coca Cola and Disney have become interested in the Polygon network to create NFTs that represent them, sets a precedent that many other large companies and corporations will seek to imitate in the future. It is so much so that I would not be surprised to see companies like Nike, Pepsico, IBM, Apple, Samsung and many others creating NFTs through the Polygon network.
The possibilities and potentialities for the Polygon blockchain network in the NFT landscape are incalculable. All of this leads me to the idea that we should create personal NFT projects on that network as well.
If we do, it is very likely that, with the exponential growth of the Polygon network as more and more major companies join in creating their NFT projects there, our NFT collections will become of great importance and value in the future.
And if not, at least it won't cost us money to have created our NFT collections there. Don't you think?
And what do you think about the topic discussed?
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