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NFTsLayer-1

Tezos’ Role in the NFT Ecosystem

Eshita NandiniJun 29, 2022 ⋅ 5 min read

Key Insights

  • Tezos is a Liquid Proof-of-Stake network that makes launching and collecting NFTs quite cheap compared to other networks.
  • Objkt is the largest marketplace on Tezos and has surpassed $100 million in volume.
  • Due to its self-amending nature, Tezos is able to quickly upgrade the network and deal with scalability issues better than other L1s.

Launching and collecting NFTs on Tezos is cheap and energy-efficient, which has attracted creators and projects alike. Though the NFT market is in a collective downturn and volume growth has slowed, Tezos-based NFTs are worth evaluating due to its surge in volume last year.

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Eshita Nandini

41 Reportseshita

Eshita is a Research Analyst at Messari focused on Web3 topics. Previously, she was a Venture Fellow at Bloomberg Beta and prior to that was working on data at Shareworks by Morgan Stanley.

Mentioned Assets
Outline
  • Key Insights
  • TLDR: Tezos Network
  • NFTs on Tezos
  • The Objkt Tale
  • Parting Thoughts
Author
Eshita Nandini
Eshita is a Research Analyst at Messari focused on Web3 topics. Previously, she was a Venture Fellow at Bloomberg Beta and prior to that was working on data at Shareworks by Morgan Stanley.
41 Reportseshita
Mentioned Assets