PoW-Based NFTs in 2021: A Comparison

Written by kenyou | Published 2021/10/15
Tech Story Tags: gaming-metaverse | the-sandbox-game | proof-of-work | nft | nfts | non-fungible-tokens | metaverse-gaming | proof-of-work-nft

TLDRPoW based NFTs also are mineable NFTs. It is a new form in the NFT market. Since PoW requires energy, this feature adds cost to mining these NFTs, and the visualization has given birth to the "art generated by computing power," similar to the "art generated by algorithms". However, the development of such NFT has just begun. Most PoW NFTs like MoonCat is just formalist PoW. Besides, the mining algorithm and production mechanism of PoW NFT are not fair. Unlike these PoW NFTs, Hacash Diamond's PoW design is very similar to Bitcoin, but it is not on the Ethereum chain.via the TL;DR App

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Written by kenyou | Work for Startups | Invest Crypto| Marketing and Community Building for Open Source Projects | Solo Developer for Fun
Published by HackerNoon on 2021/10/15