Recent chain analysis data showed that in 2021, users transferred over $40 billion worth of cryptocurrency to non-fungible Ethereum (NFT) smart contracts. While this reflects the rapid growth of NFTs, there are still many obstacles when it comes to their characterization. Tokens, and a startup solves this problem by doing all the operations behind the scenes.
NFTs have been raging in recent months, and most experts agree that the trend is beginning to take into account the transformative potential of many industries, from digital art to supply chains.
While the rapid growth of the non-fungible market has encouraged the development of more accessible processes to help reach a wider range of users who are not necessarily tech-savvy, it is still a headache for beginners to get started with these tokens. For example, in Ethereum (ETH), where the majority of NFTs are generated, users must first store Ethereum in their digital wallets and prepare to pay gas taxes.
Fortunately, the most complex processes in technology today are quickly finding shortcuts, and Tatum offers one of them for creating NFTs. Tatum, a fast-growing platform that simplifies blockchain development, recently launched NFT Express, a unique feature that allows developers and companies to create NFTs without coding or publishing smart contracts. Users do not need to go through the first stage of buying cryptocurrency to pay for gas.
NFT . Mining Simplified
This feature is available to users with a paid Tatum plan and allows them to create as many NFTs as they want. NFT Express is currently compatible with five blockchains: Ethereum, Polygon (MATIC), Binance Smart Chain (BSC), Celo (CELO), and Harmony (ONE). With a simple call to the API, the NFT features seconds and the gas fee is paid from the monthly allocation of credit in the Tatum plan.
Tatum users can generate countless tokens without any investment in crypto. This feature is ideal for small businesses and individuals who want to take advantage of the NFT trend but don’t know where to start, or simply prefer to avoid all the hurdles involved in creating an NFT. It is also suitable for large companies that want to create large-scale NFTs on multiple blockchains so that they can instantly create as many NFTs as they want without having to worry about having enough encryption in each blockchain.
More info about Tatum here
Offering NFT solutions is not just a marketing ploy, as these tokens can solve real problems that might be related to copyright or income generation schemes. Big companies are already exploring the benefits of non-fungible tokens, often in conjunction with the metaverse. For example, Walmart has developed patents for NFTs and proprietary cryptocurrencies, and YouTube is considering incorporating NFTs to help content creators better monetize their content.
CEO Jerry Kobelka talks about his experience with this feature:
“We realized that we could completely eliminate most of the hassles companies face and provide a simple, secure and seamless NFT solution for anything they want to build. Now they don’t have to hire blockchain developers and Tatum covers their gas taxes – we believe NFT Express will open doors for countless companies and developers as we Very excited to announce it to the public.”
NFT Express reduces the time to market, costs, security, and regulatory concerns typically associated with building NFT applications.
The development platform on which everything is built
Tatum is a blockchain development platform that helps developers save time and money by providing a single framework for over 40 blockchain protocols and thousands of digital assets.
The user base has grown from 4,000 developers to over 18,000 in the last year. Today it hosts more than 1,000 NFT trading platforms. At peak times, applications built on top of Tatum process $1 billion per day and generate 500 NFTs per second. Tatum won the European Startup World Cup Finals and qualified for the Global Finals in 2022.