Minting Non-Fungible Tokens (NFTs) can be an exciting process, but also challenging. High gas fees can sometimes make it costly, especially on networks like Ethereum. That is mainly why in DAFNE+ Platform runs under Polygon. Nevertheless, gas fees are required to process blockchain transactions, and when network traffic is high, these fees can be very high. However, there are ways to minimize costs while still successfully minting your NFTs.
Mint During Off-Peak Hours
Gas fees fluctuate throughout the day based on network congestion. By minting during off-peak hours, you can save significantly.
Use Layer 2 Solutions
Layer 2 networks like Polygon, Optimism, and Arbitrum offer significantly lower gas fees than Ethereum’s mainnet. Many NFT platforms now support these alternatives, allowing you to mint NFTs at a fraction of the cost.
Try Lazy Minting
Platforms like OpenSea offer lazy minting, where an NFT is only minted when it is purchased. This means you don’t have to pay upfront gas fees, making it a cost-effective option for artists.
Explore Alternative Blockchains
Ethereum isn’t the only option for NFTs. Blockchains like Polygon, Tezos, or Solana, offer cheaper minting fees while maintaining security and efficiency.
Set Custom Gas Limits
When minting, you can manually set a lower gas fee. However, setting it too low may cause transaction delays or failures.
By using these strategies, you can mint NFTs without breaking the bank and maximize your earnings as an artist or collector.