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Ethereum Is the NFT King: But… How Come?

February 14, 2023


NFTs are the hottest craze in the crypto space, and a third of the projects take advantage of the Ethereum protocol.

Ethereum is the standard in smart contracts platforms and is utilized in various functions, from NFTs to Decentralized Finance. Solana is the closest competitor in the NFT space. Nevertheless, Ethereum remains king.

As Ethereum is the first smart contracts platform, it positioned itself as the undisputed king of DeFi and also did the same with NFTs. Often new protocols come along dubbed as “The Ethereum Killer”, but none have ever challenged ETH’s dominance.

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