How Much Does It Cost To Mint An NFT?
1 min read
NFTs are the rage these days. Everyone wants a piece of it. That is until you are enlightened to the cost of minting a single piece of NFT token/
Our SuperCryptoNews editorial team wanted to find out for ourselves the process and costs involved. We embarked on our discovery by trying to mint on two popular NFT sites – Rarible and Opensea.
(Rarible NFT Minting Contract)
On Rarible it costs a whopping US$677 just to mint a piece of NFT token. Naturally, we did not proceed with this endeavour.
Next, we tried with the same artwork on Opensea. Here is what we got.
(Opensea NFT Minting Contract)
Opensea’s cost was much “lower” at US$100. Regardless of either platform, the price of NFT token minting needs to come down in order to entice many more creators to onboard their masterpieces onto the digital realm.
The above minting process was done on ETH, the most popular blockchain for NFTs today. Until ETH2 is launched, the cost of minting an NFT with ETH will most likely remain high.
The post How Much Does It Cost To Mint An NFT? appeared first on SuperCryptoNews.
