Hey everyone! I’m new to the world of NFTs and Ethereum. I’ve been reading up on creating rights management systems using the Ethereum blockchain and NFTs. But I’m stuck with some basic questions:
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Are NFTs and Ether on the same blockchain? I’m worried about the ledger size if it stores both currency transactions and digital assets. How do miners handle this?
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What’s the cost of running smart contracts? I’ve heard gas prices are high. How much does it cost to create an NFT or run a simple function on the blockchain?
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Can anyone recommend good resources for learning how to create and work with NFTs on Ethereum? Most books I’ve found focus on financial transactions.
Thanks in advance for any help or guidance!
Great questions, Isaac31. I’ve been working with Ethereum and NFTs for a few years now, so I’ll share some insights.
Yes, NFTs and Ether use the same Ethereum blockchain. Miners don’t differentiate between transaction types; they just process blocks. The ledger size is a concern, but solutions like sharding are being developed to address scalability.
Gas costs fluctuate, but creating an NFT can range from $50 to $150 typically. Running simple functions is usually cheaper, often under $10. It depends on network congestion and complexity.
For learning resources, I’d recommend the Ethereum.org documentation and OpenZeppelin’s guides. They cover both NFT creation and smart contract development in depth. OpenSea also has some good tutorials if you’re looking to get into the NFT marketplace side of things.
Hope this helps you get started!
yo isaac, NFTs n ether r on same chain. it’s big but gets handled. gas fees r crazy tho, like $50+ for NFTs sometimes. simple stuff cheaper. check out cryptozombies.io for learnin - its free n fun. helped me get started. gud luck!
hey isaac! welcome to the crazy world of nfts and ethereum 
i remember being in your shoes not too long ago. it’s a lot to take in, right?
so, yeah, nfts and ether share the same blockchain playground. it’s like one big digital sandbox where everything happens. miners are like the cool kids managing it all, they don’t really care what type of sandcastle you’re building.
about the costs… oof, it can get pricey. i once paid like $80 just to mint an nft 
but it really depends on how busy the network is. sometimes you get lucky and it’s cheaper.
have you checked out finematics on youtube? their videos are awesome for beginners. they break down complex stuff in a way that actually makes sense.
oh, and don’t be afraid to just dive in and experiment! that’s how most of us learned. what kind of nft project are you thinking about? sounds interesting!