5 things to look out for before creating an NFT

Factors to consider

In this article, we will walk you through the five factors to keep in mind before minting. These are:

  • Minting (creation) fees
  • Catastrophic carbon footprint
  • Platform complication
  • Discount on mints

Where to sell NFT’s

Photo by David McBee from Pexels

Minting fees

It cost between $30 to $200 to mint an NFT on the Ethereum blockchain. For those new to NFTs, it is worth noting that Ethereum is the blockchain that NFTs were first created on. Also, Ethereum harbors diverse blockchain use case solutions, even beyond NFTs. This makes it the most used blockchain network alongside Bitcoin.

Catastrophic carbon footprint

Image source: Cleancoins

Platform complication

The actual minting of an NFT involves an on-chain contact. This is by the blockchain network procedures. If you are a non-techy, you want to be on the lookout for platforms that cut out all the difficulties. We are talking of the ones relative to minting NFT tokens via on-chain connections.

Discount on mints

Minting fees on networks like Ethereum costs in a range of $30 to over $200 in extreme cases. These same fees cost about a dollar on the Binance smart chain.

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