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tomhollon

What technologies should I use for NFT marketplace development?

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Ethereum and Binance Smart Chain are popular choices, but consider layer 2 solutions for scalability. IPFS is ideal for storing NFT data, and Web3.js or ethers.js for smart contract integration. Ethereum and Binance Smart Chain are widely adopted, providing a broad user base and ecosystem support. To address scalability concerns and reduce transaction costs, explore layer 2 solutions like Optimistic Rollups or zk-Rollups. IPFS (InterPlanetary File System) ensures efficient and decentralized storage of NFT metadata, enhancing data security and accessibility. For interacting with blockchain networks and deploying smart contracts, Web3.js and ethers.js libraries are powerful tools for developers, simplifying the development process and ensuring compatibility with various blockchain networks.

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