SAVE YOURSELF FROM GAS FEE TROUBLE WITH EXPRESS PROTOCOL
INTRODUCTION
NFTs, or “Non-fungible tokens,” are unique cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs can represent real-world items like artwork and real estate or can have a function to describe individuals’ identities, property rights, and more. Furthermore, NFTs can be used for nearly any digital asset or goods to ensure authenticity and scarcity, including in-game assets, rare music collections, and audiovisual digital releases.
The main question is, why are we “tokenizing” these kinds of assets? The answer is simple; putting a token on these real-world tangible assets makes buying, selling, and trading them more efficient and reduces the probability of fraud.
NFT DAPPS BUILDING CHALLENGES
Suppose you want to build an NFT dApp or even a custodial NFT marketplace, there is one major headache you are bound to encounter: how do you pay the gas fees to cover the costs? The gas fee is a cost that helps to keep the network running smoothly. Having this fee prevents the network from spamming. Moreover, the gas fee is a tip for miners who create a decentralized network.
Interestingly, there hasn’t been any simple way to pay the gas fee until now. As an exchange owner, every time you want to send tokens from one of your user’s accounts, you have to calculate the gas fees, send that amount to their account (a transaction that also incurs gas fees), and send the tokens from their account. Two transactions incur gas fees and can result in minuscule differences of crypto “dust” remaining in user accounts. If you have thousands or millions of addresses, this method creates an enormous amount of work and fees for you as a custodial provider.
WHAT IS EXPRESS PROTOCOL?
Express protocol is a decentralized protocol built on top of blockchain layer which aims at bringing/ balancing liquidity in the NFT Marketplaces created using the Protocol's SDK.
Moreso, Express protocol is an all inclusive protocol and backs developer of all kinds, from standard software developer (web2) to blockchain developers (web3), from solo programmers to a professional scaled team and everything in between.
Express protocol is a feature of Pandora protocol that helps with minting NFTs easier than doing it natively on a blockchain. With it, you can create NFTs without buying or holding crypto or coding smart contracts.
EXPRESS PROTOCOL FREE MINT FEATURE
Express protocol is providing a cost-efficient solution that helps you manage gas fees in a custodial application. With Express protocol, gas fees for any transactions made by users of its protocol are easily bypassed. This solution reduces the number of your transactions by half and also allow development at zero costs. Using express protocol, you can instantly mint NFTs with a straightforward API call on the following blockchain protocols: Binance, Polygon while others like Ethereum, Avalanche and Fantom will be added soon.
FOR MORE INFORMATION
Website: expressprotocol.io
Twitter: https://twitter.com/expressprotocol
Telegram: https://t.me/PandoraProtocolhttps://discord.gg/E7k4m4nzyc
Github:
https://github.com/Pandora-Finance
Instagram:
https://www.instagram.com/pandora_finance
AUTHOR
TG: @So_Sleek