Chris Burniske, co-founder of Placeholder, claimed in a new report that Ethereum will ‘overtake’ specifically in the NFT space. The crypto investor suggests that this altcoin is more unique in terms of NFT capabilities.
Chris Burniske compares Ethereum to its competitors in the NFT space
The Placeholder shareholder said that Layer-1 Blockchains offer unique opportunities in the markets. He states that Solana’s NFT ecosystem in particular attracts attention due to its lower cost compared to other networks.
According to Burniske, “People are aware of the fact that it costs $200 to print NFTs in Solana using state compression and deliver it to 10,000,000 users. This cost is several times cheaper than its closest counterparts.”
Burniske, who is also a former ARK Invest analyst, says Drip Haus in particular is the biggest catalyst behind Solana. Drip Haus is a popular NFT distribution platform based on Solana. According to Burniske, “A viral growth similar to what Drip Haus has seen gives users insight into what will happen when they reach about 1 in 1000.”
The future of the NFT market
Burniske predicts that NFTs will play a critical role in the global adoption of cryptocurrencies. Also, NFT says technology will make our lives touch instead of place in the future. Sharing his thoughts on Solana’s NFT ecosystem, the analyst says Solana’s NFT strength coupled with its ability to print NFTs at a lower cost unlike other networks is seen tangibly in the viral growth of projects like Drip Haus.
His views on Solana included that it had more potential compared to Ethereum. Burniske acknowledges that Ethereum is still ahead. But he argues that while Solana is a contentious ecosystem, it is a place to invest heavily.
Regarding his strategy, Burniske states that it is important to select the best teams from a startup perspective in ecosystems such as Cosmos and Solana, as well as Ethereum. Therefore, in Burniske’s view, Solana’s NFT strength and contentious ecosystem should be seen as an important indicator for the future popularity of cryptocurrencies.
Solana’s NFT performance analysis
Solana has recently received significant support for the network’s NFT ecosystem, which will accelerate growth. Floor, a cross-chain NFT application, announced that it will be available on Solana. According to the official announcement, the launch will take place on May 8, 2023.
With the new integration, Floor users will soon be able to add their Solana wallets to see their favorite collections. Floor also announced that more than 2,500 users have joined the waiting list for the launch.
Last news, cryptocoin.com It came days after the launch of the Mad Lads NFT collection in Solana. The newly launched NFT collection has outstripped many collections in terms of sales, including BYAC.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.