There are a lot of different ways you can mint NFTs now with multiple chains you can utilize including: Ethereum, Binance Smart Chain, Polygon, Solana, WAX, and more! Let’s review five of the chains and what the incentives are for utilizing their NFT ecosystems in Episode 210 of The Nifty Show.
Popular chains – Ethereum, Polygon, Solana, WAX, Binance
XRP – XUMM wallet – xrp.cafe
Badass Yetis – https://xrp.cafe/collection/badass-yetis
Avalanche – https://toppsnfts.com/
FULL TRANSCRIPT AND TIME STAMPS
Joel Comm: The nifty show. Welcome to the nifty show, Joel. Come here. Along with Riles. And if you have minted any nfts, odds are you’ve done it on the Ethereum blockchain. Perhaps Solana. Maybe the Binance Smart chain or maybe our favorite wax. But turns out there’s a lot of different ways that you can mint nfts now. And those blockchains are not the only game in town in that right, sir.
Ryles: Is it? Are there other chains that you can mint nfts on?
Joel Comm: There are, in fact. So I did a I made a little list a couple of weeks ago of the chains I have minted on. And I don’t know, you know, there’s got to be some others who have minted on as many as I’ve minted on, but I’ve got to be somewhere in the .00, you know, something top percent because I’ve minted on 22 different chains right now and I’d like to play with the toys. So it’s like, Oh, let’s try this chain. What is this one doing? What is this one DO?
Ryles: So I was being goofy a moment ago, but I genuinely did not know that there were 22 different chains you could mint ten nfts on.
Joel Comm: Well, there’s more I have. I haven’t hit them all up yet. I know Cosmos is one that I haven’t minted on yet, and I’m sure if I went down the list on Coingecko, I would probably find a bunch of others. So at some point maybe I’ll just intentionally seek them out. But all the ones I’ve minted on, I minted because the project was interesting and it just so happens it’s on a different chain. So I thought what we would do today is briefly give an overview of five of those chains that I’ve minted on so you can see the world outside of the standard NFT hubbub, right? It’s an acronym for that outside the hubbub, OTOH.
Ryles: Well, as we do so, you know, I’m curious, as somebody who doesn’t necessarily know a lot about different blockchains other than, you know, Wax and Ethereum, what characterizes these other chains, why you might be incentivized or encouraged to launch an NFT project on these other ecosystems?
Joel Comm: So that’s a great question. One is you believe in the technology, right? Ethereum is super clunky for Nfts the only reason everybody uses Ethereum as the default, it’s because it was the first to market with smart contracts. And so it was the first one that people minted nfts on. And you have a lot of cantinas, you have these people, lots of people that bought Ethereum when it was, you know, a buck ten bucks became very wealthy. And so a lot of money moved into Ethereum. But for Nfts it sucks because of gas. It’s just a ridiculous millions and millions and millions of dollars wasted paying miners for gas. You know, of course we discovered the wax blockchain in 2020 and it has its own standard that was similar to EOS, which is one of the ones we’re going to cover today. And we don’t pay gas. You know, we’ve minted over a million and a half nfts for all the different projects we’ve done, and it’s probably cost us a few thousand dollars in RAM and that’s it for us to mint them, not for the buyer to to mint them. So, you know, on a blockchain like wax, you can sell an NFT for one wax or less and the buyer doesn’t pay any additional fee on top of that. So it’s just it’s the sad state of where we are, but it’s kind of the same reason that people eat at McDonald’s, right? It’s fast food. It’s on every corner. They’re all over. And so I guess it’s what we do. But that’s one of the reasons. The other reason that people would mint or buy in another chain is because it it is superior in terms of being able to get the technology out there. It’s faster and it costs less. And so, you know, or you’re just a true believer in the chain. Also, you know, if you’re building games as as we’re doing, you don’t want to build them on. Ethereum takes too long for transactions. You can’t you can’t move quickly, which is one of the reasons that El TOS were created. And we’ve got games like Gods Unchained that originally sold on Ethereum, moved to immutable X, which is.
Ryles: Much faster, like there is some of the other who’s listening to this right now and they’re hunched over the wheel of their car as they’re listening to this on their commute and they’re just going Polygon, Polygon, Polygon, polygon, polygon, polygon. So obviously, obviously the Ethereum ecosystem sort of had this this child system that was designed to address Ethereum’s flaws directly. But that but that’s not on the list. So we’ll just we’ll just acknowledge it.
Joel Comm: Well, Polygon is another one that’s more popular, right? They’ve signed Disney. They’ve signed Starbucks. I own Matic myself, and I’m really hopeful that they will do really well. I’m a little nervous about it. Because they feel like the redheaded freckle faced stepchild at Kmart. You know, to me, even Opensea automatically hides polygon nfts because it’s so easy to airdrop and span people and scam them. And so there’s there’s some issues, you know, surrounding this. You don’t do airdrops and spam a bunch of people on Ethereum. It costs you too much in gas. But Polygon, you could do that on wax. You can do that. But you know, you’ve got marketplaces now that go, this looks like spam. So we’re going to automatically hide these nfts or we’re going to ban this wallet. And of course, that’s centralization for you right there. So let’s take a look at some of these right here. In fact, the one I discovered most recently was creating an NFT on XRP. Yes, that is the token created by Ripple Labs. That is now in the crossfire of the Securities and Exchange Commission. And I’m actually going to try to find the the Twitter account. This was from a guy reached out to me on Twitter and he tagged bad crypto and he said, if anybody should be minting these nfts, it’s the guys from from bad crypto. Well, the project is yetis, bad ass yetis. In fact, I’m going to I’m going to pull this one up here on the screen and just show how you get, you know, my attention. So somebody tweeted me and they posted this introducing our badass Yeti nfts the perfect match for the boys at Bad Crypto podcast and the nifty show. So I thought, okay, you’re coming to me with Nfts.
S3: And they look fun, you know, I don’t know what they.
Joel Comm: Do, but this is a great opportunity for me to get into XRP. So I went to xrp.cafe and it actually led to the collection itself. Here we go the badass yetis tribe of legendary creatures from the Himalayas rocking some serious swag and you can mint them. And I have minted three of them. I don’t know what they do. I just love the fact that now I’ve got some nfts that look pretty interesting that are on, you know, a different chain. Let’s take a look at these guys right here. Here we go. Look at them.
Ryles: The mean sure do look like pretty high quality assets.
Joel Comm: I mean, they’re kind of made for for a game, you know, is what I’m thinking. Somebody got an offer out on mine for ten exp. You can’t have my yeti. That’s not going to happen.
Ryles: Talking about XRP as the place to mint Nfts. You know, in all of these these alternative chains that have been trying to say, you know, we’re faster, we’re more efficient, we we don’t burn down the planet or what have you. And this is this is my struggle with exploring alternatives is I have a hard time functionally telling them apart because they all kind of use the same marketing talking points. We’re faster than Ethereum, we’re cheaper to operate on, we’re easier to use. We’re more efficient. What really makes XRP stand out? So that’s these actually.
Joel Comm: I personally would not make the case for XB XRP because there are those who say Ripple and Ripple Labs is a, you know, a far more centralized organization. And so, you know, when you’ve got centralization, the the community has less say. Now, I’m speaking from a somewhat uneducated position here, so if somebody’s yelling at me because, oh, my.
Ryles: Gosh, you don’t know what.
Joel Comm: You’re talking about, XRP is not Ripple. I understand that it is a fast chain and it was designed for fast payment settlements between banks. But you know, anywhere somebody can mint nfts, they find a way to do it. And so that is what’s happened with this. It’s kind of one of the same reasons with, I would say, pure motives that we now have Bitcoin ordinals, that you can spend a few satoshis and immortalize, you know, whatever NFT you want on the Bitcoin blockchain and it lives there forever as an NFT. So I wish I could be clearer than that, but I can’t so won’t.
Ryles: So I think we’re going to call that foreshadowing for for this particular podcast episode.
Joel Comm: Indeed, we will. Let’s take a look at the next one. Again, I got into this L two just because the product that was on it and it is the avalanche chain, the token is a VAX and this is a much faster chain. Again, it is an EVM. So it, you know, you add it to your metamask as another network on there, you know, you can add there’s a lot of different EVM virtual machine networks. And of course you say you’ve got Ethereum, but then you’ve got Polygon and you’ve got Avalanche and Binance Smart chain and go chain. And the list of chains that work as L2 chains go like that. The reason that I got into it was because Topps made a huge mistake, left wax and began minting Nfts on Avalanche. And what’s really funny to me is their marketplace has been down now for weeks where you can’t buy or sell on it. But because I’m an NFT freak and because I used to collect baseball cards when I was a kid, I bought some packs of baseball cards. I think I still have. Yeah, I’ve got a lot of unopened packs right here. A bunch of them. And I’ve got some bazooka bubble gum packs. Well, I may have a problem.
Ryles: I wish I could say I’ve seen worse, but I have not seen worse.
Joel Comm: Let’s just go ahead and open up a you know, as long as we’re here, AI packs are irresistible. To me. It’s like, oh, it’s like click.
Ryles: I’m trying to find. I’m trying to find more information on how avalanche works and what they’re doing differently. And, you know, of course, I’m looking at the homepage and it says it’s lightning fast, it’s scalable, it’s reliable. Uh, I’m this. Hey, just pulled a super rare.
Joel Comm: Yeah, right.
Ryles: There. Amazing. I’ve never heard of Mike Soroka before, but I’m sure that either somebody out there would really value that. Yeah. I feel like we’re running into an issue here. I feel like this this is important because it seems like every blockchain that is not Ethereum or an Ethereum level two, Layer two is giving the same message to everybody. And it’s just sort of like there’s social proof they will flex what they have, so they’ll flex that they have this many validators and that many active addresses and they’ll see that they’re fast and efficient. And there’s there’s not like an easy way to to show mere plebs like like you and me, how exactly the technical structure of their chain is superior to all the other options.
Joel Comm: Well, and that’s why, you know, we’re exploring these things. Look, they it’s really interesting. If you put, you know, people in a room to duke it out and debate why their chain is is better than another. That’s not what we’re doing today. But you aren’t wrong. You aren’t you weren’t incorrect. I mean, if you ask the people at the Divinity Foundation, the Internet computer is the best blockchain on the face of the earth. It’s right here in their their their main page. We aim to create a blockchain singularity in which every system in service is rebuilt and reimagined using smart contracts and runs entirely from infinite public blockchain without need. For traditional IT, it’s a computer less protocol and it runs across all nodes. Anybody can develop on it. It’s completely decentralized. And we actually did that. We minted blockchain heroes on the Internet computer and we can actually find them in the marketplace that is offered up here by Tonic Labs. It’s the primary marketplace for for ICP that’s the token. And we sold packs of blockchain Heroes cards. And then you can see that many of the different heroes and their different variations are here. Let’s go to some let’s see if I got some of the rare ones on here, some mythic. Yeah, there we go. They’re badass looking cards. And spoiler alert for those of you that bought these nfts on ICP, we are looking at doing a burn mechanic where you’ll be able to burn some of your commons and and get something new. So it’s a couple months away or so. So stay tuned for that. But this is also it’s a fast chain and very decentralized and it has a rabid community. You know who wins at the end of the day? I don’t know.
Ryles: Well, the competition is definitely healthy. I would I would certainly not contest that. But at the same time, I will admit that Divinities approach ICP approach is a little bit different because they’re sort of describing this desired end state, technological end state that they are working towards, which colors the vision. So it’s not just you should use our product right now just because our product is faster and more scalable and more efficient. It’s we are trying to go somewhere and this technology is a step towards that.
Joel Comm: Correct. I think that that’s a good interpretation. Valid observation. So worth checking out. tonic.io is the website where you can find out about that. Now, a couple of years ago I discovered that you can mint nfts on Cardano. And you know, just again, because I’m fascinated with and I’m not a huge Cardano fan, people who are are rabid about it and they will they will tell you that it is the best chain. Meanwhile, they’re sitting around waiting for the coin to actually move. But I did. Mint minted a few of these ADA monsters on there so I could say, Hey, I’ve got some nfts on on Cardano. And we just discovered today actually the marketplace is JPEG dot store this they claim to be the number one Cardano nft marketplace and so you can get your zesty zebras or boss cat rocket clubs or aura mobs, radioactive crocs clubs. Those are the hot ones right now. Who doesn’t want a goofy gopher mining club? I don’t know. They just seem to be everywhere.
Ryles: Now. Cardano offers an interesting claim, so they claim to be the first proof of stake blockchain platform to be founded. I’m just quoting their home page on peer reviewed research and developed through evidence based methods, and they are clearly approaching this more from an engineering perspective. And they are they are trying to to offer messaging to builders rather than, I would say, decision makers. I’m using this very, very loosely. But, you know, there’s sort of a distinction between, I would say, the suits that that are primarily making business decisions and they’re primarily about business savvy and the engineers who, while they might be running a business, they are more technology savvy and they’re coming at all of this from two very different angles. Well, and.
Joel Comm: I think you’ve just described quite well the founder of Cardano, Charles Hoskinson. He’s very much into the technology that they’re building here. And if my understanding is correct, you can build chains on Cardano.
Ryles: That. So there could be Cardano layer two, the same way that Polygon operates off of Ethereum.
Joel Comm: Don’t quote me on that. I believe that is somewhat accurate and it’s in what you’re saying. The last one that I want to cover is, is the the brother or sister to to wax. Of course, you know, you know, we’ve minted a lot of nfts on the wax blockchain and if you go to wax dot atomic hub IO this is what you’re used to see and you go to Marketplace and there’s all kinds of things for sale there. But what you might not know is that wax runs on the same protocol is EOS. In fact, without EOS we never would have had wax. And if you go up here to where it says wax and click EOS, this is the EOS logo right here. And then log in with your wallet. I’m logged in here at mine. There is a marketplace and there are collections on Atomic Hub on the EOS chain. And I’ve got a I know I’ve got a few here in my inventory. I’ve got some wombat champs right here. Look at these little guys. Who doesn’t want a wombat champ. And I’ve got some some EOS gems, some artwork that was created. And you know, I wouldn’t say it’s the most robust active marketplace, but it is an alternative. And I’m sure there is a community of people that are minting on iOS. And of course with Atomic Hub, you can do it just as easily as you do with Wax by simply going to the NFT creator here to create collections and miniature Nfts.
Ryles: Now historically, like you’ve been kind of critical of iOS and I’ve gotten that same sentiment from a lot of people that are now operating on wax over the course of the last couple of years.
Joel Comm: Yeah. So that’s because Block.one, which was the company that hyped up the whole sale and raised $4 billion in an ICO over the period of a year, didn’t really do with the money what they said they were going to do with the money and apparently there was a court ruling against block one and they are no longer involved. Um, that, that they are no longer a part of it. So there is a resurgence of interest in the hardcore community today that is celebrating and trying to give it a second life. So. We’ll see. It’s an option.
Ryles: Fair enough. Options are good.
Joel Comm: There’s a lot more chains that that you can mint on. On the next episode, we are going to go a little deeper on Cardano as we have a guest that is creating a game which has impressed Briles and that says something.
Ryles: It says that their heart is in the right place.
Joel Comm: Yeah, I.
Joel Comm: And also very clever in what they’re doing because they’re wanting to onboard people that don’t have nfts as well to get them into the ecosystem.
Ryles: So where have I heard that before?
Joel Comm: I can’t imagine.
S3: But you’re not going to want to miss it.
Joel Comm: And lots of great stuff coming up in the near future, including the big reveal on Sir Travis Wright’s major project that is seeking to to disrupt media in general. Right. To to to I’m not going to say exactly what it’s for, but it’s really cool. You guys aren’t going to want to miss it. Make sure you’re subscribed, Click bells. If you listen to us, make sure you subscribe there. Follow every it doesn’t, you know, whatever platform you’re on. I think on Spotify, you follow on YouTube, you subscribe, you ring the bell to get notified on YouTube or on iTunes. You add the little plus sign, however it.
S3: Is you do it, please do it. If you got.
Joel Comm: A moment and enjoy this content to leave us a five star review, we’d appreciate that it would make riles ears wiggle. Can can you wiggle them? You can look at that.
Ryles: If you are one of those those people who are still using Last.fm. If we are even on Last.fm, you can do a thing called scrabbling there. You can scrabble us.
Joel Comm: Are we on Last.fm? I don’t think so. But how would we know?
Ryles: It was just really funny. They call stream. They call it scrabbling. Look, the subject of what you just took a tangent on is what the action you take on each different platform is called and on Last.fm you Scrabble.
Joel Comm: So I actually have some interesting information for you. Are we? I just went to Last.fm and I pulled it up and here it is. Nifty show this one had all the for listeners to it over there so trouble us.
S4: Go go.
Joel Comm: How do I.
S3: Scrabble how do I do this? I want to scrabble now. I got to sign up to Scrabble. There’s oh, there’s a whole world out here of doing stuff.
Joel Comm: So.
S3: Yep, you can go check it out over there.
Joel Comm: And this is this is Last.fm and there is the nifty show, Digital Collectible and NFT podcast.
S3: So it’s a wild, wacky world.
Joel Comm: Friends, we’re glad that you’re with us for the ride.
S3: We’ll catch you on the next episode.
Joel Comm: It’s going to be cool. Until then.
Ryles: Keep it nifty.
S5: Looking into the future, what do we see? It’s lined with digital collectibles. We call them NFT games, trading cards, digital art. And those CryptoKitties.
UU: Joel Riles are the host till no trolling, I’ll say this won’t blow. And locked and loaded. So ready, set, go. It’s the nifty. Really kind of spiffy. It’s the show.
Do your own due diligence and research. Neither Joel Comm, Zach Comm nor Travis Wright are FINANCIAL ADVISORS.
We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don’t take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.
We only share with you what we are learning and what we are investing in. We will never “pump or dump” any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.