Ethereum is currently the most recognized blockchain for minting NFTs. As the first chain to have programmable smart contracts, Ethereum enjoys a vast first-mover advantage allowing developers to power interesting NFT features using the Solidity language. Some of the biggest and most expensive NFT collections like Bored Ape Yacht Club, CryptoPunks, and Art Blocks are built on Ethereum.
However, its popularity is not without disadvantages. With the chain only allowing about 30 transactions per second (TPS), minting and trading NFTs can be very costly. Widely sought-after NFT mints can clog the entire network, spiral gas fees, and lead to blown-out minting wars.