Skip to content

Polkadot sets new NFT mint speed record

Polkadot sets new NFT mint speed record

Polkadot (DOT) recently set a new record when it comes to the speed of minting non-fungible tokens (NFTs), according to the latest information shared with Finbold. 

The massive mint was completed on Polkadot’s parachain, Unique Network, and created 4930 NFTs each minute. In total, the blockchain went through three batches of 100,000 new non-fungible tokens as part of the comprehensive speed and efficacy test.

Polkadot hopes that the layer-0’s performance will position it as an attractive network for Web3 gaming projects and will introduce Web2-type instant gratification to its users.

Commenting on the achievement, the CEO of Unique Network, Aleksandar Mitrovic, expressed his enthusiasm for Polkadot’s abilities:

“Working on Polkadot offers great flexibility. We are free to optimize the code and forklessly upgrade the chain. Our core developers have been waiting for an opportunity to test a series of performance improvement ideas on a large scale.”

The Web3 game that helped set the record

Polkadot’s recent stress test was done by minting hundreds of thousands of Bounty Hunter Tickets (BHTs) NFTs for the Web3 game called Forever Has Fallen. These tokens offer players access to an in-game location called the Hunters Lair.

Kimon Lycos, Founder and CEO of Incite, the Production Studio behind Forever Has Fallen, was especially pleased by the opportunities presented by the blockchain’s speed:

Because our production is first and foremost about fun, we want Web3 elements to be under the hood, and to have this type of speed will enable a Web2 type experience of instant gratification.

Mitrovic was likewise enthusiastic about the fact that working with Forever Has Fallen offers his platform means to utilize its capabilities while presenting ‘a business case that talks to mass consumers.’

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account?

Services

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.