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RE: Why I'm so Bullish on NFT Art

in #leofinance4 years ago

The other thing I'd like the team to consider seriously:
Most of the buyers and collectors are on ETH. If NFT Showroom allowed collectors to decide where to send their NFT, like "send to Ethereum" the buyers would exponentially increase. I know there are royalty reasons this is not done, but Splinterlands does it right...they allow the collectors to decide which blockchain they want there NFTs on. Collectors won't come to Hive bc they are not sure how immutable it is, especially since the images themselves are not hosted in a decentralized way. These issues still need to be understood and researched by the team.

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We have discussed it and we aren't ruling it out for the future, but the problem with minting and sending to ETH for example is the cost to mint is going to go up anywhere from 15x to infinity based on the gas fees. There's going to be a lot of things to figure out, but we already charge so low to mint that even offering that option is going to require passing on those minting fees to the artists. We just don't charge enough to even consider covering those costs.