Should I build an NFT app on Ethereum or Solana?
Today the consumer is in control. We don’t have to feel limited by the retail experience, nor do we have to follow patterns that don’t fit our lives. We’ve learned that we can create and share our own experiences. The consumer is now empowered, and as a result, the consumer is demanding more choices.
Businesses can now create and deliver unique digital assets or non-fungible tokens (NFTs) by utilizing blockchain technology. These NFTs can be used as rewards for brand evangelists and influencers, or they can be used as a form of currency to purchase physical goods and services.
Ethereum is a blockchain platform that makes it possible for any developer to build and publish next-generation decentralized applications. These apps run on blockchain technology without any chance of fraud, censorship, or third-party interference.
Ethereum and Solana are two platforms that offer the possibility to build NFT applications. Both blockchains support a standard ERC721 token (NFT) with smart contracts at the core of their infrastructure.
TL;DR: Solana is better if you need high throughput and low latency, while Ethereum is better if you need a large scale (think millions of users). This article will explain why.
Benefits of Using Ethereum for Developing an NFT App
Ethereum is an innovative contract platform that allows for non-fungible tokens. These tokens can represent unique digital assets such as virtual game items and digital collectibles.
The idea behind using a blockchain to create non-fungible tokens is to generate provably scarce, verifiably authentic assets. For this to be possible, there must be a way to determine if a token is original or not. Following are the benefits of using Ethereum for developing an NFT app.
Traction:
The Ethereum community has been growing exponentially since its launch. There are a lot of developers actively contributing to the ecosystem, and as a result, it is one of the most promising platforms for developing NFT apps.
Mainstream Acceptance:
Ethereum is being used by major corporations such as Microsoft, JP Morgan, and Santander. Please take a look at this list of companies using Ethereum, which shows that it is one of the most widely adopted blockchain technology platforms out there.
Security:
Programming your intelligent contracts ensures that only authorized users can interact with your NFTs. It is beneficial to manage assets such as real estate or company shares.
Community Support:
Hundreds of thousands of members in the Ethereum community are ready to help out with any questions you may have as you’re learning how to program and create your own NFTs. This makes it much easier and faster to build your first NFT app since you don’t have to go through the trial-and-error process on your own.
Designed for Tokens:
Ethereum was designed from the start to handle transactions involving tokens. Its native token, Ether (ETH), is used to pay for gas, which is needed to run any computation on the Ethereum Virtual Machine (EVM). It has a built-in currency exchange that converts ETH into any other token on the Ethereum blockchain. Ether itself is often used as a tradable asset by speculators who hope that its value will appreciate over time. This makes it easy to convert other tokens into Ether to transfer them or sell them for cash.
Matured Ecosystem:
Ethereum has been around since 2014, and its community has become very large and mature over time. There are plenty of software tools available to help developers build on top of Ethereum, including Truffle and Remix, which streamline the development of smart contracts and front-end interfaces, respectively.
Benefits of using Solana for developing an NFT app
Tapping into its advanced intelligent contract capabilities, the Solana blockchain provides a level of performance never before achieved by an innovative contract-based platform. This performance is made possible by a highly streamlined design that removes inefficiency from each process step, allowing for the following benefits. F
Content Management System
Solana’s powerful CMS enables users of any technical background to create and manage their smart contracts and blockchain items. The CMS is built with React and GraphQL, and this allows a separation of concerns between content management and logic implementation and provides simple content querying.
API Endpoints
A comprehensive set of API endpoints allow for programmatic access to Solana’s core functionalities. These endpoints are used in the CryptoKitties app but can also be used by developers to build their apps. Examples of API endpoints include: creating new intelligent contracts, managing existing smart contracts, containing intelligent contracts, managing users’ wallets, etc.
Use a simple visual editor.
Solana provides a simple visual editor that enables you to create personalized tags that can be used to create high-quality graphical interfaces. You need not have any prior experience in programming languages or development environments as the simple visual editor will guide you through creating tags as per your requirements.
Customized applications
You can easily create customized applications using Solana without previous knowledge of coding or development environments as it comes with a large set of built-in commands, functions, events, etc.
Custodial control
As stated before, there are some risks involved when storing your tokens in exchanges because you don’t have complete control over them.
It’s easy to get confused between the two, but they are very different in many ways. The differing approaches taken by the two platforms mean that each one is better suited to specific types of applications. So before you start building your next big app on an NFT platform, it’s worth considering which one might be more suitable for your use case. You can talk to NFT app development experts to better understand which technology will better your planned app.
