Scalability is one of the main hindrances within decentralized finance (DeFi) applications and has created huge barriers to entry. Closely linked to this has been the issue of high gas fees, which continues to be a major pain point for newcomers to the Web3 space. When Web3 goes mainstream, these gas costs will become minimal. For the user, the experience will become completely … [Read more...] about Gas-free transactions will revolutionize Web3
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Ethereum NFT marketplace OpenSea is introducing ‘gas-free’ transactions
Try issuing a non-fungible token (NFT) on Ethereum and chances are you’ll spend upwards of $150 in ‘gas’ to simply approve, mint, and host your crypto art, virtual land, or digital collectible on the world’s most-used blockchain.The fee stems from the charges you’d pay to miners for transacting on and interacting with Ethereum. And they are arguably a hindrance for a budding … [Read more...] about Ethereum NFT marketplace OpenSea is introducing ‘gas-free’ transactions