MultiversX Tracker is Live!

Is there a point to use L2 networks like polygon MATIC for selling NFTs ?

Etherum Reddit

More / Etherum Reddit 223 Views

Hello, I'm a digital artist wanting to sell my art on the blockchain. I'm trying Opensea and, of course, I'm stuck with the current high gwei which is levelling up the entry point cost (you need two high gas transactions to register on Opensea).

Even after this setup, the buyers will have to pay TX fees on acquisition, but it can be circumvented by minting on the polygon "sidechain".

Does it make sense to pay additional TX fees to retrieve gains made on the L2 platform instead of directly minting on L1 ? The buyer will ultimately have to pay TX fees to retrieve their gains when reselling on their end too.

This setup is only profitable from a seller's perspective if there are more transactions made on L2 than on L1 (because the markets are mutually exclusive, you can't list an NFT on L1 and L2). For the buyer, it only makes sense if you buy multiple pieces (the exact number needs to be determined)

Is there a large enough buyer's market on Opensea L2 ? If I misunderstood something, please be patient enough to correct me.

Sorry if any terminology is wrong, I just hope you experts understood my question !

submitted by /u/Kisscool-citron
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments