The 5 Best Marketplaces to Mint an NFT for Free.
If you’re looking to mint your own NFTs with minimal commitment, check out some of the services that let you do so for free.
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NFTs are all the rage, with many crypto enthusiasts looking for the next big project to invest in. Non-fungible tokens are simply unique tokens that you can use to verify an individual’s ownership of a digital asset, such as artwork.
Minting an NFT means turning a digital file into a digital asset and launching it on the Ethereum blockchain. The digital asset is then stored on the blockchain and nobody can then remove or modify it. Before you mint an NFT, it’s important to choose a viable marketplace. There are several NFT marketplaces that you can choose from, including those that offer free minting options.
1. OpenSea.
OpenSea is a popular NFT marketplace that is home to projects like BAYC and Azuki. Minting an NFT on OpenSea is very easy. It supports all kinds of digital assets, from virtual worlds and collectibles to art, photography, and sound recordings.
OpenSea offers Klatyn, Polygon, NFT and Ethereum blockchains. It supports more than 150 cryptocurrencies, though since you buy using Ethereum, expect to pay a higher gas fee. OpenSea recently launched its own gas-free minting option, though they charge 2.5% of every transaction on the platform.
OpenSea is arguably the biggest NFT marketplace right now, and it also allows authors and creators to charge up to 10% in royalty fees.
2. Rarible.
Another excellent marketplace to mint an NFT on is Rarible. Rarible is ideal if you want to sell NFTs focusing on art and photography. It offers support for Ethereum, Flow, and Tezos blockchains.
You can sell both single NFTs or full collections on Rarible. Since it supports Tezos, you can save quite a bit on gas fees (it costs only $0.5 to mint NFTs on Tezos). With their “lazy minting” feature, you can create an NFT for free and have the buyer pay gas fees when they purchase it.
Rarible also has its own token known as RARI, and as a user, invest in nft you get to vote on any upgrades that the developers want to introduce.
3. Binance NFT.
Binance is one of the largest cryptocurrency exchanges in the world. Its NFT marketplace is an excellent option for anyone looking to mint on a future-proof platform.
Unlike OpenSea, Binance charges just 1% per transaction, and it also gives you the option of cashing out your money in fiat currency. If you already own Binance tokens (BNB), buying and selling on the marketplace gets easier due to native support.
Binance NFT requires users to make bids using BNB, BUSD, or ETH. Owing to the sheer size of the marketplace, Binance has been able to enter into several excellent partnerships with NFT creators. So, it’s as good a place as any to mint your first NFT!
Binance charges 0.005 BNB to mint an NFT on its platform, but the first 10 are free.
4. Nifty Gateway.
Nifty Gateway was responsible for some of the most expensive early NFT sales. Beeple’s CROSSROAD sold on Nifty Gateway for millions. The world’s most expensive NFT also sold here for a cool $91.8 million!
Many celebrity artists purchase their NFTs from here, so if you are working on a premium collection, Nifty might be a great place to launch it. Unlike other platforms, Nifty uses “open editions”. Essentially, it creates an unlimited number of variants for a brief period, retailing for a fixed price.
Once the timer runs out, cryptocurrency the creator cannot issue any more NFTs from that collection. This creates a sense of exclusivity amongst holders, which leads to higher sales. Creators can also receive payments in fiat currency.
Nifty Gateway doesn’t charge a minting fee for on-platform transactions. It also lists NFTs that are on sale on other platforms, like OpenSea.
5. Async Art.
Async Art only supports NFT creation on the Ethereum blockchain, cryptocurrency and it focuses primarily on programmable art. Unlike conventional NFTs, NFTs on Async Art include Layers. There’s a separate Master, which is the full NFT, while the Layers are discrete elements that you can use to customize your NFT.
Since this process tokenizes each layer, several artists can contribute to modify the Master NFT. This is great for innovation and collaboration, but it does mean you can’t share such NFTs on conventional marketplaces.
Async now offers Blueprints which are like Collections on OpenSea. Anyone can mint an NFT for a base price until it reaches a maximum limit, after which price varies based on market conditions.
Async Art also supports gasless minting, allowing artists to create “Gasless Autonomous Art.” It allows artists to specify rules for each Layer so other collaborators better understand the artist’s vision at the time of minting.
Creating NFTs Is Easier Than Ever Before.
If you want to create an NFT and launch it, there are many platforms allowing you to do so. This list is by no means exhaustive, and other platforms like SuperRare and MakersPlace also exist.
However, if you are getting started, crypto wallet may make money these are the best options out there.
You can even create an NFT on your mobile and upload it directly to any of these marketplaces!