HOW TO MINT NFTS FOR FREE
Non-Fungible-Tokens (NFTs) broke into the crypto market in 2021 and ever since, they’ve driven investments globally. NFTs are back on market track as the 2023 crypto market recovers from the worst winter in DeFi history. Besides that, NFT have also amassed a large community of creators and investors. This is one reason why there is a growing number of projects releasing NFTs.
Due to the buzz around NFTs, crypto enthusiasts would want to mint one, but not many of them can afford to trade them due to the huge gas fee. It is essential to know that you can mint NFTs irrespective of what you have in your bank account. You only need to know the right platforms to benefit from this cause.
Even though some NFT marketplaces’ gas fees is expensive, other marketplaces have come up with cheaper and better methods for people with little or no money to mint NFTs. So, if you want an NFT marketplace to mint NFTs for free, this guide is for you.
What are NFTs?
NFTs are blockchain-based tokens that prove ownership of digital items such as images, video files, and physical assets. NFTs can be anything digital such as music, artwork, sketches, or even drawings. The biggest excitement around NFTs is that people can now use technology to sell digital art and make more money.
Note that NFTs are different from digital assets such as Bitcoin. The non-fungible token is not interchangeable due to its underlying uniqueness. NFTs are gaining popularity and have attracted creators and artists who want to monetize their talents through blockchain technology. For instance, NFT artist Beeple, known for his top-selling NFTs, had an image sold for $69 million at Christie’s.
Minting NFTs is a process that involves publishing your digital art uniquely on a blockchain to make it tradeable. In other words, minting involves converting your digital file into a digital asset that can be traded by adding it to a blockchain, like the Ethereum network.
What Is NFT Minting, And How Does It Work?
Minting NFT involves converting digital files into crypto collections or digital assets stored on the blockchain.
Furthermore, minting an NFT is an act of publishing your NFT on a blockchain so that it can be sold, bought, or traded. You can use a blockchain like Ethereum. Minting NFTs is performed when an unchangeable and tamper-proof public ledger welcomes and stores your NFTs. This minting process requires NFT creators to go through some steps. Then these creators gain commissions for the sale of their NFTs.
Once your NFT is created, it is ready for trading on different marketplaces. But not all marketplaces are free. As stated earlier, minting NFTs on the Ethereum blockchain network requires some gas fees. But the good news is that many blockchain programmers have been able to help users find a cheaper way to mint and trade their NFTs for free.
The following platforms will help you create your NFT projects or NFT art and sell quickly.
Minting NFT For Free: The Steps
Follow the steps below to mint your NFTs on these NFT marketplaces for free.
Minting On Rarible
Rarible is an NFT platform that allows artists, creators, or beginners to create NFTs for free through their new “lazy minting” feature. This feature doesn’t ask you to pay gas fees or write a smart contract. The lazy minting feature on Rarible is a perfect option for creators looking for an alternative way to mint NFTs for free. Here is a step-by-step guide on how to mint NFTs for free on Rarible.
