When you first create an NFT, you “mint” it with a few clicks — which might mean that you will need to pay a fee to the network (none of this goes to Rarible).
Fees for blockchain and minting options are dependent on the blockchain and minting option. Imagine it like highways on a road trip. Some are free. Others have a toll, which can be cheap or expensive.
Creating a new NFT requires two interactions:
- Minting your NFT
- Making your NFT available for sale
The most popular blockchain is Ethereum. It tends to have higher fees, but the Flow blockchain is cheaper to mint on. Don’t let fees be the factor—the most important factor is where your audience has their wallets. Those are unique for each chain.
Or you could mint for free instead! Some of the wizards (okay, coders) on our team figured out how you can mint without paying for it.
If you enable “free minting”, the buyer of your NFT covers the fees. Keep in mind that fees might surprise fans who are trying to buy your creations. Free minting also adds your creation to the Rarible collection (collections are like folders for NFTs), not your own. To launch your own collection, you have to cover fees.
Read More Here:
0. https://www.cryptogabbar.com/en/blog/top-10-cryptocurrency-marketplace-in-the-world
1. https://www.cryptogabbar.com/en/blog/what-is-cryptocurrency
2. https://www.cryptogabbar.com/en/blog/why-india-should-not-ban-crypto
3. https://www.cryptogabbar.com/en/blog/what-is-the-metaverse-virtual-reality
6. https://www.cryptogabbar.com/en/blog/crypto-as-a-tool-for-financial-products
7. https://www.cryptogabbar.com/en/blog/what-are-crypto-and-blockchain-technology
8. https://www.cryptogabbar.com/en/blog/how-to-invest-in-cryptocurrency-in-india
9. https://www.cryptogabbar.com/en/blog/impact-of-cryptocurrency-in-india
10. https://www.cryptogabbar.com/en/blog/the-business-benefits-of-accepting-cryptocurrency
11. https://www.cryptogabbar.com/en/blog/cryptocurrencies-to-look-forward
12. https://www.cryptogabbar.com/en/blog/what-is-nft-and-how-is-it-related-to-cryptocurrency
13. https://www.cryptogabbar.com/en/blog/top-5-coinmarketcap-alternatives-you-should-bookmark-now