What chain should Verse NFT be released on?

Introduction

We are excited to announce that the upcoming Verse NFT is in development and well underway. Participants in the Verse Token Sale will be eligible for a free NFT, the quantity of free mints will be determined by the total VERSE purchased in the sale. As part of this initiative, we also have a secondary vote taking place to determine the total supply of these NFTs. A higher total supply would allow the option to open up additional mints to the public, attracting users within the NFT space and providing further community incentives to join and promote Verse.

The Verse NFT project is being advised by Evan Luza, co-founder of Cool Cats, a blue-chip NFT collection with over $370 million in lifetime trading volume, as well as his latest NFT Ghostboy.

Before we proceed, we need to make a crucial decision as a community: the choice of blockchain for hosting our NFTs. The options are Ethereum and Polygon, each with its unique strengths.

Purpose

These NFTs serve multiple purposes:

• Thank the Verse Token Sale participants
• Onboard more Bitcoin.com users into the Verse Ecosystem, increasing opportunities for our large user base of Bitcoin holders to explore more cryptocurrencies and more blockchains.
• Introduce Bitcoin.com users to the exciting world of NFT tokens.
• Support the upcoming NFT Feature in the Bitcoin.com Wallet App.

Blockchain Options

Ethereum

Ethereum is currently the leading platform for NFT trading. If the community is primarily interested in third-party trading of the NFTs, Ethereum may be the better choice.

Pros:

• High trading volume for NFTs.
• Chain with the highest-valued NFTs.

Cons:

• Higher transaction fees could deter users.
• Slower transaction times during peak periods.

Polygon POS

Polygon, with its lower fees, is well-suited for maximizing utility. If the community's focus is on usage and interaction with NFTs, Polygon could be the preferred option.

Pros:

• Lower transaction fees, making it more accessible for users.
• Faster transaction times.

Cons:

• Lower trading volume for NFTs compared to Ethereum.
• Historically lower value of NFT’s than Ethereum

Discussion and Voting

Considering the pros and cons of both options, we invite our community to discuss this topic in the Verse Lounge (our verified token holder telegram). Visit guild.xyz/verse to join.

We look forward to your active participation in shaping the future of Verse.