I propose that the Algorand Foundation develop a new NFT protocol compatible with that for NFTs on the ETH blockchain so that users and holders of ETH NFTs can migrate them over to the Algorand blockchain, taking advantage of Algo fees. This should strengthen and invigorate our NFT community and enhance the use of the Algorand blockchain for those who haven’t noticed a need for, or advantage of it.
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The only reason why the ETH projects are not coming to algorand is because there are not enough collectors. I think an NFT protocol will not solve this issue.
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Also, the ‘cash flow’ on the Algorand is much smaller. Proof States may be good to help promote crosspollenation.
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