[SOBA Project Co., Ltd.] Launched the industry’s first service to predict gas costs during NFT transactions for free
*SOBA Project Co., Ltd.*
Press release: August 19, 2024
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Launch of industry’s first service to predict gas costs during NFT transactions for free
*You can now predict gas costs in real time*
SOBA Project Co., Ltd., a venture company originating from industry, government, and academia (head office: Kyoto City, Kyoto Prefecture) On August 22, 2022, SOBA Project (hereinafter referred to as “SOBA Project”) will start providing a free gas cost prediction service that automatically calculates the fees incurred when buying and selling NFTs, commonly known as “gas costs”, on the web for the first time in the industry.
SOBA GAS (Gas price prediction service site)
https://cryptocommune.io/ethereum/new_estimate_gas?locale=ja Gas fees are fees that require special calculations unique to blockchain networks, and they vary depending on the complexity of the transaction and how crowded the blockchain is. Also, it varies depending on the complexity of the smart contract and the contract to be executed, and it is not a percentage of the purchase price, so in some cases the amount can exceed the purchase price. Therefore, gas costs are also a factor that increases the threshold for buying and selling NFTs.
Until now, there have been services that provide information on gas costs for smart contracts executed in the past and the price of one unit of gas costs, but there are services that provide information on gas costs for smart contracts executed in the past and the price of one unit of gas costs. There was no service.
The SOBA project aims to lower the threshold for NFT transactions and revitalize the NFT market, and is developing various NFT-related services, including the development of a service that allows virtual currency transactions to be made by credit card payment in Japanese yen or US dollars. We are currently working on it. This time, as the first step, we are launching a tool called “SOBA” that automatically calculates and presents the predicted amount of “gas cost”, which is said to be difficult to understand when making an NFT transaction. GAS” will be released.
Specifically, by entering information about the NFT product you want to purchase or sell, the system will automatically calculate the current basic fee and amount generated by the transaction, and the gas fee will be presented as a predicted price. It has become something that In other words, the calculation is performed by simulating the gas cost that would have occurred if the transaction were actually made at this moment. The term “predicted price” is considered a “prediction” because it is likely that there will be some fluctuation during actual transactions.
By using this service, which allows you to easily predict gas costs in advance, which you previously had to calculate on your own or do not know until you carry out a transaction, you can eliminate concerns about gas costs for NFT transactions and reduce gas costs. For example, you can do a mint at a certain time. This service is free to use, so we encourage anyone who is involved in NFT transactions to try it out.
In the NFT business, which is expected to expand in the future, the SOBA project offers support in Japanese yen and US dollars to companies that are considering entering the market, or to companies that have tried to enter the market but are having trouble managing it. In addition to introducing credit card payments and convenience store payments, we also accept consultations including planning and project construction support. If you are interested, please feel free to contact us using the contact information below.
◆ Contact us
SOBA Project Co., Ltd.
-Kyoto Head Office-
〒600-8815
4th floor, Kyoto Research Park Building 4, 93 Chudoji Awata-cho, Shimogyo-ku, Kyoto MAP
TEL 075-323-6066 / FAX 075-323-6067
-Tokyo Branch-
105-0021
Higashi-Shinbashi Building 2F-2, 2-10-10 Higashi-Shinbashi, Minato-ku, Tokyo MAP -Website-
SOBA GAS (Gas price prediction service site)
https://cryptocommune.io/ethereum/new_estimate_gas?locale=ja SOBA WEB3 portal site
https://web3.soba-project.com/