As it stands today, Ethereum is the leading blockchain for NFTs. However, in the coming years, it is widely expected that Coinbase NFTs will halt the reign of Ethereum will end. Well, this is what Coinbase expects to happen if they have their way.

Coinbase NFT has been adding support for numerous blockchains. If there is any fact behind a recent Twitter poll, it is looking as though this will be the next Tezos or Polygon.

In fact, there was quite a bit of unique activity on this particular poll. Tezos had been at the top of the board just up until the poll closed. It was at that time that Polygon received upwards of 55,000 votes. This suspicious activity was likely linked to bots as opposed to real users on Twitter.

Regardless, of the voting, these numerous blockchains ended up with a lot of support. At the end of the poll, Polygon would take the lead with 42% of the entire vote. Solana followed in with 26% and Tezos closed out the poll with 24%

While Ethereum is one of the most popular choices for creators of NFTs, it is not the best. There are a number of disadvantages that create various issues with the marketplace. One of the most pressing is the high gas fees associated with Ethereum.

There are also issues with slow transaction times. This alone makes the buying and selling of NFTs on the Ethereum blockchain more difficult than it should be. Additionally, Ethereum is well-known for its ability to be resource-intensive. Ethereum was designed to use a great deal of energy and is not one of the most environmentally friendly options available to artists.

However, we have begun to see a great deal of support for these various blockchains in recent months. We have actually seen Snoop Dogg discuss his plans to spend an incredible 64.6 ETH on Tezos NFTs. It should come as no surprise that the community behind Tezos is quite vocal in their support.

This community managed to raise over $60,000 for those who have been negatively impacted by the Ukraine war. Additionally, we have seen the sale of Tezos NFTs boom. One of the more recent releases from VerticalCrypto would deliver more than $56000 in sales in one short day.

Many of the more popular NFT artists have been looking to make the move to Tezos due to the fact that it is able to offer the most streamlined and cleanest experiences. This is actually one of the main selling points of Tezos considering it is one of the most environmentally-friendly options.

The yearly energy consumption of Ethereum rivals that of Ecuador! Compare that to Tezos which draws as little as 7 kilowatts on a continuous basis. There was recently a post on Medium that compared the two. In fact, there is no comparison in the energy usage between the two. It should come as no surprise the reason why artists are flocking to the environmentally-friendly option of Tezos.

The Coinbase NFT poll did not have specific clauses attached to it. Considering this fact, there was no need to support any of the mentioned blockchains. However, we have seen a growing amount of support for Tezos from collectors as well as some of the more influential creators and artists.

Coinbase is a platform that desires to compete with OpenSea as the premier marketplace for NFTs. With that in mind, they have an interest to find the very best solution for their users and their business.

Understanding Tezos

Tezos is another blockchain like Ethereum and Solana. It is actually one of the largest when you look at the overall market share and usage. It is fully open-source and is supported on a global scale by various validators and builders. It features a number of things people were looking for including cooperation, customizations, as well as smart contract security.

Tezos is a blockchain that was designed to provide security and core code accuracy specifically for NFTs. It manages to do this through the use of a highly capable framework and languages such as OCaml and Michelson.

Join the conversation at Decentra Decoded for more news on NFTs, Blockchain, and all things decentralization.