How to Mint an NFT for Free

How to Mint an NFT for Free

How to Mint an NFT for Free

 Non-fungible tokens have become one of the most popular alternative assets of the 2020s. While these digital assets are fairly easy to create, minting an NFT can get pricey; running you anywhere from $1 to $1,000 in ethereum gas fees.

Due to the fact that non-fungible tokens are stored on the ethereum blockchain, the creator must pay what’s called a gas fee to mint their NFT. It’s used to cover the needed computing power and electricity to run the blockchain.

The amount you have to pay in gas fees will often depend on how many other users are using the blockchain at the time you are minting your NFT. Therefore, if you find a less busy time for minting your digital asset, you won’t have to pay as much in fees.

However, it’s also possible for you to mint an NFT for free by creating and listing it for sale on the OpenSea platform, and having the buyer pay the gas fees when they purchase your digital asset.

1. You will need to create an OpenSea account, which is where you will mint and sell your non-fungible tokens.
2. You will also need an ETH wallet. You can use either a Coinbase or MetaMask wallet.
3. Then, you will need to connect your ETH wallet to your OpenSea account.
4. Now, it’s time for you to start creating your OpenSea collection. On the OpenSea dashboard, you will click “Create a Collection.”
5. You are ready to create your first OpenSea collection, including customizing it. Make sure you carefully look over the name, banner, logo, and description.
6. Once you create your collection, it’s time to decide which blockchain to use. But in order to mint your NFT without paying any gas fees, you will need to select the Polygon blockchain.
7. Finally, you are ready to begin minting your NFTs by selecting “Collection” and then “Add Item.” OpenSea does require that you set a minimum price of $2.00 for your non-fungible tokens.

In short, this hack allows you to avoid paying any ethereum gas fees upfront at the time of minting. However, that doesn’t mean the fees will go unpaid. Instead of you paying for them, they will be passed on to the buyer who purchases your NFT. Therefore, you need to keep that in mind when pricing your collection. For example, if the price of a digital asset is less than the associated gas fees, prospective buyers probably won’t see it as a good investment.

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