We are in the process of determining the most sustainable blockchain, which aligns with our mission and vision. Our goal is to make e-commerce more sustainable in the long run. For example by using blockchain technology. I am happy to share that we have recently completed a successful proof-of-concept (POC) for NFTs (non fungible tokens) using the Polygon blockchain. In this post, I will shed light on the following topics:
In case we would like to mint NFTs in real-time for every new product in the Icecat database, the per NFT minting cost is on average $0.002. It is evidenced by the below chart that with increasing new products per year, the Polygon becomes less and less cost effective. In conclusion, this might be problematic given our aim to bring the minting costs close to zero.
Here are the easy steps to check our 100 NFTs:
1. Search ‘ICURY’ shows the collection of 100 NFTs.
2. NFT with Token ID 33 shows: QR code, Permalink, and Properties
3. A QR code scan shows the Icecat permalink and redirects to the Icecat data-sheet:
4. Single click on ‘View on Icury’ opens the live product datasheet:
Here are the easy steps to check our 100 NFTs via the Polygon smart contract:
1. Single click on ‘Contract Address’ shows polygon scan
2. [Contract -> Read Contract -> tokenURI] shows response for Token ID 33
3. The JSON file shows permalink, QR code image, and additional metadata
To conclude, our investigation for the most sustainable blockchain on parameters of cost and eco-friendliness continues. Because we are not convinced that Polygon is scalable to our business case in which millions of products are published every year.
If you have any questions about NFTs, please let us know.
Read further: ICURY, News, blockchain, icury, nfts, polygon
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