How to lower your NFT minting costs
If you are an NFT creator and you’re not happy with the gas fees charged by Ethereum, there’s always the option of minting your NFT on a different blockchain. Popular alternatives include Polygon, Solana, Binance Chain, Tron, and EOS.
Polygon Blockchain
If you’re looking for a cryptocurrency with a lower gas price, you might want to check out Polygon (MATIC). Here’s what you need to know about this emerging altcoin.
Polygon is an Ethereum-based scaling solution that uses a network of sidechains to improve transaction speed and reduce gas fees. In other words, it’s designed to make Ethereum more efficient and scalable.
One of the benefits of Polygon is that it supports NFTs (non-fungible tokens). This means that it’s possible to create and trade NFTs on the Polygon network, which opens up a whole new world of digital collectables and gaming possibilities. Polygon also has low transaction fees, making it attractive when looking to reduce the minting fee of your NFT.
Solana
Solana is a high-performance cryptocurrency that enables the minting of NFTs or digital assets. These can be anything from in-game items to digital art. Unlike other cryptocurrencies, Solana is focused on speed and scalability. They offer minting services that allow users to create and mint NFTs quickly and easily. In addition, they offer a variety of tools and resources to help users get started with minting their digital assets.
Built to rival other popular NFT marketplaces, Solsea is the first NFT marketplace built using the Solana blockchain. Solsea includes its own NFT minting process and is often seen as an attractive alternative to Ethereum due to its significantly lower fees. However, it should be noted that the network usage of Solana is considerably lower than Ethereum. As for usage increases, it would not be a huge surprise to see the minting fee increase over time.
Binance Chain
Binance Chain developed by Binance the popular cryptocurrency exchange. If you’re looking for a blockchain platform designed specifically for NFTs, look no further than Binance Chain. Here’s why:
First, the Binance NFT marketplace offers a high degree of flexibility regarding NFT collections. You can easily create and manage your collection using our user-friendly interface.
Second, Binance is designed to handle many transactions quickly and efficiently. This is important for NFT collectors who want to be able to buy and sell NFTs speedily and without having to worry about the slow speed of other blockchain platforms.
Third, Binance offers several unique features that are perfect for NFT collectors. For example, their platform allows you to mint multiple copies of an NFT, which is ideal for those who want to create a collection of their favourite digital assets.
Tron
Tron is a popular blockchain-based platform that promises to offer high-speed transactions with low fees compared to other platforms. Boasting 2,000 transactions per second, Tron is one of the fastest platforms in the industry. And with a minting cost of just half a cent, it’s also one of the most affordable. As a result, Tron is an attractive option for those looking to make fast and inexpensive cryptocurrency transactions.
As an alternative to Opensea and Solsea, built on the TRON network, NFTOne is designed to be the most user-friendly and accessible NFT marketplace, making it easy for anyone to buy, sell, or trade an NFT collection.
EOS
EOS uses a unique consensus algorithm that allows for incredibly efficient transactions. In addition, EOS has no limit on the number of transactions processed per second. This makes EOS the perfect choice for high-volume transactions, such as those used in online gaming or gambling.
