Likewise, NFTs based on IOTA eliminate the annoying fees when an NFT changes hands. Of course, the operators also have costs that have to be covered here – but the fact that IOTA offers fee-free transactions allows the operators to offer a much cheaper fee structure, from which artists, as well as the end customers benefit. NFTiota is the first marketplace to rely on the IOTA Tangle technology and offers a cheap alternative to the Ethereum-based marketplaces. entire collections or series.Ī high risk, which the artist must therefore take in advance, since there is of course no guarantee that the works will be sold. These sometimes amount to several thousand euros / dollars, if you want to offer e.g. If you want to put your art in the network, there are also fees here every time. often ruin the joy of trading with the digital works of art.įor example, if you want to buy a digital image / artwork for 80€/$ and you have to pay the same amount (or even more) in fees, you will certainly think twice about your purchase and there is a risk that it will remain a one-time purchase because the user experience is clouded.Įven as a creator you have to struggle with the fees. The partly enormous fees on Ethereum and Co. NFTs are certainly one of the most anticipated features for IOTA.įor Ethereum one of the top topics in recent years, many are looking for a solution on the IOTA Tangle. High fees for trading and offering NFTs are now a thing of the past
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