Why do people prefer to mint Ethereum and not other crypto?

gautam

Why is Ethereum so special that people only prefer it to other cryptos like Cardano and Ripple? Am I missing something important or is this just a preference.

gulab

By minting Ethereum, I assume that you mean minting Ethereum NFTs. This is because, despite the high minting cost, Ethereum NFTs tend to be sold for higher amounts than other NFTs. There are also a lot of wallets that support Ethereum NFTs. Plus, they are available across multiple NFT marketplaces and can be easily bought or sold.

harsh

Ethereum cannot be mined like Bitcoin. Earlier that was possible to mine Ethereum because it had a proof of work blockchain, but now since it switched to proof of stake, you can only stake your cryptos to get about 3-4% per annum returns.

gopal

Minting refers to creating new tokens. Ethereum cannot be minted by common people like you and me because they already have been minted by the Ethereum Foundation. You and I can simply transact them or use them for earning via liquidity pools, staking platforms, and lending.