NEW YORK, March 19, 2021 (GLOBE NEWSWIRE) — The blockchain industry has witnessed significant developments in the past decade. More financial products have been released that have transformed how we view finance. In recent months many crypto enthusiasts have turned to Non-fungible tokens (NFTs), with the sector experiencing massive growth during this period.
Artists of all kinds and enthusiasts have access a wide range of possibilities thanks to NFTs. It has enabled the tokenization of buildings, businesses, art, and music using blockchain technology.
Despite this growth, some significant problems persist. Most NFTs are built on the Ethereum blockchain network and although Ethereum is the largest smart contract network, its problems are well documented. The increasing number of users on the network has skyrocketed, leading to congestion and slow confirmation times of transactions.
This has caused a ripple effect with average transaction fees for NFTs at around $50-$80 per transaction. This makes it difficult for the average crypto enthusiast to create and purchase NFTs. It has also caused significant difficulties in developing NFT projects like games on the Ethereum blockchain.
NFT project, NFTWars is poised to solve this problem by utilizing a layer-two solution Polygon (formerly known as Matic) within its smart contract.
Blockchain -based game built on Layer-two technology
NFTWars is one of the first blockchain games built on layer-two technology to mitigate the Ethereum blockchain’s limitations. The game is built on