NFTs have exploded in popularity in recent years. As such, tons of individuals, artists, and business owners are exploring launching their own NFTs. But, for many, the cost of gas fees makes it too expensive to create and sell NFTs. So how does someone sell NFTS without paying gas fees? In this guide, we break down the top platforms for gasless NFT minting.
First, it’s important to understand why gas fees (usually) are necessary to create NFTs. To understand this, you will need to know about NFT minting.
What Does It Mean To Mint An NFT?
Ok, so what does it mean to mint an NFT?
NFT minting is the process of creating NFTS on the blockchain. As a blockchain-enabled technology, all NFTs must exist on a blockchain to grant ownership to the buyer.
Creating an NFT is a blockchain transaction and all blockchain transactions require transaction fees (also known as gas fees).
The most common blockchains for creating NFTs are Ethereum, Polygon, and Solana.
How Much Does It Cost To Mint An NFT?
The cost of minting an NFT varies depending on the blockchain, with most transactions costing between pennies and hundreds of dollars.
The most expensive blockchain to mint currently is Ethereum. The least expensive blockchains are Solana and Polygon.
How To Sell NFT Without Gas Fees (Top Platforms)
OpenSea is the largest platform for selling NFTs and fortunately allows users to create and sell NFTs without gas fees using a “Lazy Mint” functionality. Lazy Minting is the process of minting the NFT at the time of sale.
This is very useful for budget-conscious NFT sellers because it allows them to avoid paying gas fees until the moment the NFT sells, meaning they don’t need to spend money creating NFTs that ultimately don’t sell.
To create an NFT on OpenSea without gas, the process is relatively simple. Just click the “Create” button at the top right of OpenSea.io.
By following the on-screen prompts, users can easily create and list their NFTs. Again, without paying gas fees up front.
Rarible is another extremely popular NFT platform that allows you to sell NFTs without gas fees. Rarible launched its lazy mint capabilities in October 2021, and since then, artists have found a lot of value in the Rarible platform as a profitable way to sell NFTs.
What’s also great about Rarible is that you can pass the minting gas fees on to the buyer, making it easy to sell NFTs for free.
Versify is a great platform that makes it incredibly easy to sell NFTs. Better yet, there is no need to pay gas fees on the part of the seller or the buyer. Plus, Versify makes it incredibly easy to buy NFTS with a credit card, which means you can sell to people who might not otherwise be familiar with blockchain transactions and using MetaMask.