2021 was the year of the NFT (Non-fungible Token). By 2022, the space has lost some of the hype. Yet there is still a lot of talk about non-fungibles. New collections are being minted every day and with blockchain gaming becoming a thing, NFTs are sure to make a comeback.
One of the biggest concerns people have with non-fungibles is the high cost associated with minting them. To store a non-fungible token on the Ethereum (ETH) blockchain, a user pays approximately $1-$1000 in gas fees. However, users can mint an NFT for free on the Polygon (MATIC) blockchain.
Another way to hit a free non-fungible is to choose “lazy coining”. In this method, the non-perishable token is minted only after the sale. Therefore, the gas fee is paid by the buyer and not by the publisher. open sea and Rarible are two of the most popular NFT markets among free minting creators. Mintable, a lesser known platform, also allows free minting with an “Easy” option that produces gasless non-fungible tokens.
How to store an NFT on the Polygon blockchain?
For our example, let’s use the . to use open sea marketplace. Users must first create an account with the platform. After creating their account, users must: connect their ETH wallet (Coinbase or Metamask) to their OpenSea account.
Users must then create an OpenSea collection by clicking “Create a Collection”. Users can adjust their settings according to their preference.
Now comes the important part of selecting a blockchain of choice. For a free NFT coin, users must select the Polygon blockchain. Users can then start minting their non-fungible tokens by clicking “Collection” and then “Add Item”. One point of caution is that OpenSea requires the minimum price to be a minimum of $2.
Another important point to keep in mind is that while it is not necessary for the maker to pay the gas fee, the buyer must. There’s just no movement around that fact.
In addition, OpenSea’s mining costs vary depending on various market factors. Users have to spend an additional $70-$400 on average to put NFTs on the platform, and the site charges a 2.5% service fee on all NFT purchases. To learn more about fees and details, users can join NFT Whitelists of various NFT initiatives.
Rare and Mintable
The same steps can be followed on Rarible, but users should note that they must enable the “Free Minting” option while creating the NFT.
On the other hand, Mintable has a gasless coin option. Users should select the “Easy” mode which allows the same. The other steps are more or less the same.
