Where to mint and buy NFTs with low gas fees

Published Categorized as NFT

Discover the top four blockchains and NFT marketplaces, where you can mint your NFTs with low or almost without gas fees.

During your journey of learning about cryptocurrencies, Ethereum (ETH), and NFTs, you must have come in contact with the term “gas fees” or “network fees”. But do you have a clear idea of what a “gas fee” is and why it’s a fundamental part of NFT minting? Let’s break it down together.

What are gas fees?

If you have a car, you need to fill it up with fuel to operate it. In other words, that fuel is the cost you incur to enjoy the convenience of driving your car or vehicle. In the case of cryptocurrencies, the transaction fees that users pay to get their smart contracts into the blockchain are called “gas fees”. The value of these fees varies depending on the rate of demand for that specific cryptocurrency in the market. But it also depends on how fast you are willing to mint your NFTs, i.e. how fast the minting process is. The faster you want to go, the more you have to pay to NFT marketplaces and cryptocurrency networks.

Where to mint your NFTs with low gas fees?

If you’re familiar with Ethereum (ETH), you know that whether you’re trying to send tokens from one wallet to another, or exchange tokens on a decentralized exchange, or send money from your own wallet to your own centralized exchange account, the gas fees have become outrageous. Since it’s so expensive to mint and trade your NFTs on the Ethereum Mainnet, we’re going to look at three alternatives to Ethereum that you can use to mint and trade your art NFTs, music NFTs, video NFTs, gift NFTs, or anything else you want to create. We’ll also discuss platforms you can use on each of these blockchains.

SOURCE and full story: https://www.airnfts.com/post/where-to-mint-and-buy-nfts-with-low-gas-fees