Wealthchain CEO Kevin Mehrabi Highlights Three Reasons to Mint on Tezos Instead of Ethereum
AI Trading

Tezos network has been showcasing an increase in development over the past few days, considering the latest report in relation to contract calls on the network.

According to madfish.solutions, a blockchain technology company that concentrates on developing DeFi projects, throughout February 2021, Tezos network managed to garner 100,422 contract calls, but just 10 days into March 2021, the network has already accrued 100,131 contract calls, which serves as an indication of a significant increase in development in the Tezos ecosystem.

Read Also: IOTA Announces Competitive Smart Contract Alpha

Captioning an illustrative chart, madfish.solutions tweeted, “The Tezos network reached a new record with 100K contract calls in February. The same number of contract calls was reached in March just in the first 10 days. This is a good indicator of the Tezos ecosystem development. Thanks to all Tezos community members for your support.”

AI Trading

Read Also: Ethereum (ETH) Launched On Amazon Managed Blockchain

Non-Fungible Tokens (NFTs) Tezos Network

Allen Walters, the Co-founder of xtz.news, took to Twitter on 7th March 2021 to share the ongoing development in the Tezos non-fungible token (NFT) ecosystem.

According to Walters, Tezos already has an active NFT platform on its network and another three NFT platforms are a work in progress, planned to launch on Tezos network this month.

In a series of tweets, Allen Walters stated as follows:

“Tezos NFT ecosystem is blowing up with just one platform live currently. Low fees for both minting and trading NFT’s are a great migration catalyst from ETH to Tezos. But the environmental friendly side of Tezos’s PoS is an important factor too.

“Currently we have Hicetnunc2000 live for minting and selling. Open to anyone. Cool features in development. Pay attention to $hDAO tokens which seem to be distributed currently. Next should be ontologies -> collective galleries -> oracles -> auctions.

“Kristine will be a high-end gallery with high quality art for sale. A democratic guild will select new members. Some big artists are involved. The guild will enforce a strict anti-plagiarism policy. Tokenomics will add a very interesting factor to the platforms economics.

Read Also: Mastercard Says It Will Support Payments in Crypto This Year

“Tezauction will be open for anyone. TzColors showed how an NFT auction marketplace blows up on Tezos. Placing a bid on ETH-based platforms is an investment on itself. That means 2x the pain if your bid gets outbid. No such thing on Tezos. Placing a bid costs you about $1ct.”

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.