NFTs have exploded in popularity in recent years. As such, tons of people, artists, and business owners are exploring launching their own NFTs. But, to 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 gas-less minting of NFTs.
First, it’s important to understand why gas fees are (usually) needed to create NFTs. To understand this, you’ll 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 give 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 to create NFTs on are Ethereum, Polygon, and Solana.
How Much Does It Cost to Mint an NFT?
The cost to mint an NFT ranges depending on the blockchain with most transactions costing between pennies and hundreds of dollars.
The most expensive blockchain to mint on currently is Ethereum. The least expensive blockchains are Solana and Polygon.
How to Sell NFTs Without Gas Fees (Top Platforms)
OpenSea is the largest platform for selling NFTs and, fortunately, it allows users to create and sell NFTs without gas fees by utilizing a “Lazy Mint” functionality. Lazy Minting is the process of minting the NFT at the time of sale.
This is super helpful for budget-conscious NFT sellers because it allows them to avoid paying gas fees until the time the NFT is actually sold, meaning they don’t need to waste money on creating NFTs that don’t eventually sell.
The create an NFT on OpenSea without gas, the process is relatively simple. Simply click the “Create” button on the top right of OpenSea.io.
By following the prompts on the screen, users can easily create and list their NFTs. Again, without paying upfront gas fees.
Rarible is another extremely popular NFT platform that allows you to sell NFTs without gas fees. Rarible launched its lazy mint capabilities in October of 2021 and, ever since, artists have found tons of value in the Rarible platform as a cost-effective way to sell NFTs.
What’s also cool about Rarible is that you can pass the minting gas fees onto 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 by the seller or the buyer. Also, Versify makes it incredibly easy to buy NFTS with a credit card which means you can sell to people that are otherwise not familiar with blockchain transactions and using MetaMask.