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tomhollon

How can NFT marketplaces address issues related to gas fees and scalability?

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To navigate the challenges of gas fees and scalability, NFT marketplaces can implement several strategies. Optimizing smart contracts by reducing complexity and gas-intensive operations can help lower transaction costs. Exploring layer 2 solutions, such as sidechains or rollups, enhances scalability by processing transactions off-chain before settling them on the main blockchain. Additionally, considering blockchain platforms with inherently lower fees and adopting scalability solutions like sharding can contribute to a smoother and more cost-effective user experience.

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