A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Once the NFT is minted, it doesn't need to be minted ever again, minting is a one-time process.<\/p>\n\n\n\n Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Similarly, minting an NFT is the process of officially publishing a token and its metadata to a blockchain. This allows for the NFT to start trading on a blockchain, converting an ordinary JPEG or similar file into an NFT, usually on the Ethereum blockchain as an ERC-721<\/a> token.<\/p>\n\n\n\n Once the NFT is minted, it doesn't need to be minted ever again, minting is a one-time process.<\/p>\n\n\n\n Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The term \"minting\" is derived from the process of bringing new money into the economy. <\/p>\n\n\n\n Similarly, minting an NFT is the process of officially publishing a token and its metadata to a blockchain. This allows for the NFT to start trading on a blockchain, converting an ordinary JPEG or similar file into an NFT, usually on the Ethereum blockchain as an ERC-721<\/a> token.<\/p>\n\n\n\n Once the NFT is minted, it doesn't need to be minted ever again, minting is a one-time process.<\/p>\n\n\n\n Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The term \"minting\" is derived from the process of bringing new money into the economy. <\/p>\n\n\n\n Similarly, minting an NFT is the process of officially publishing a token and its metadata to a blockchain. This allows for the NFT to start trading on a blockchain, converting an ordinary JPEG or similar file into an NFT, usually on the Ethereum blockchain as an ERC-721<\/a> token.<\/p>\n\n\n\n Once the NFT is minted, it doesn't need to be minted ever again, minting is a one-time process.<\/p>\n\n\n\n Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
NFTs have unique metadata and identifiers encoded within them which distinguishes them from other tokens. These are encoded within a smart contract<\/a> tied to the token. Having it still functioning as a token of sorts allows for the transaction history to be verified on the blockchain and thus the legitimacy of the NFT.<\/p>\n\n\n\n The term \"minting\" is derived from the process of bringing new money into the economy. <\/p>\n\n\n\n Similarly, minting an NFT is the process of officially publishing a token and its metadata to a blockchain. This allows for the NFT to start trading on a blockchain, converting an ordinary JPEG or similar file into an NFT, usually on the Ethereum blockchain as an ERC-721<\/a> token.<\/p>\n\n\n\n Once the NFT is minted, it doesn't need to be minted ever again, minting is a one-time process.<\/p>\n\n\n\n Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A non-fungible <\/a>token<\/a> (NFT) is a digital asset stored on a blockchain. These assets cannot be traded like for like, this is in direct comparison to cryptocurrencies.<\/p>\n\n\n\n NFTs have unique metadata and identifiers encoded within them which distinguishes them from other tokens. These are encoded within a smart contract<\/a> tied to the token. Having it still functioning as a token of sorts allows for the transaction history to be verified on the blockchain and thus the legitimacy of the NFT.<\/p>\n\n\n\n The term \"minting\" is derived from the process of bringing new money into the economy. <\/p>\n\n\n\n Similarly, minting an NFT is the process of officially publishing a token and its metadata to a blockchain. This allows for the NFT to start trading on a blockchain, converting an ordinary JPEG or similar file into an NFT, usually on the Ethereum blockchain as an ERC-721<\/a> token.<\/p>\n\n\n\n Once the NFT is minted, it doesn't need to be minted ever again, minting is a one-time process.<\/p>\n\n\n\n Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
A non-fungible <\/a>token<\/a> (NFT) is a digital asset stored on a blockchain. These assets cannot be traded like for like, this is in direct comparison to cryptocurrencies.<\/p>\n\n\n\n NFTs have unique metadata and identifiers encoded within them which distinguishes them from other tokens. These are encoded within a smart contract<\/a> tied to the token. Having it still functioning as a token of sorts allows for the transaction history to be verified on the blockchain and thus the legitimacy of the NFT.<\/p>\n\n\n\n The term \"minting\" is derived from the process of bringing new money into the economy. <\/p>\n\n\n\n Similarly, minting an NFT is the process of officially publishing a token and its metadata to a blockchain. This allows for the NFT to start trading on a blockchain, converting an ordinary JPEG or similar file into an NFT, usually on the Ethereum blockchain as an ERC-721<\/a> token.<\/p>\n\n\n\n Once the NFT is minted, it doesn't need to be minted ever again, minting is a one-time process.<\/p>\n\n\n\n Typically an NFT is minted prior to being listed on a marketplace such as Rarible or OpenSea, although sometimes creators get lazy.<\/p>\n\n\n\n Lazy minting means that the NFT is only minted once it is purchased and in this case, the gas fees associated with the NFT are paid for by the buyer.((OpenSea - Create NFTs for Free on OpenSea)) The NFT is minted in the creator's wallet before being automatically transferred to the buyer's wallet through the use of a smart contract.<\/p>\n\n\n\n A gas fee<\/a> is usually needed for this process as publishing the token's smart contract<\/a> is technically a transaction. In the same sense that miners will use computational power to verify a transaction on the blockchain, they must do the same to verify an NFT being added to the chain.<\/p>\n\n\n\n <\/p>\n","post_title":"Minting An NFT","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"minting-an-nft","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-gas-fee\/\nhttps:\/\/www.thedistributed.co\/erc-721\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/","post_modified":"2022-08-04 18:19:43","post_modified_gmt":"2022-08-04 08:19:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5928","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
What Is Lazy Minting?<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
What Is Lazy Minting?<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
What Is Lazy Minting?<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
What Is Lazy Minting?<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
What Does It Mean To Mint An NFT?<\/h2>\n\n\n\n
What Is Lazy Minting?<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
What Does It Mean To Mint An NFT?<\/h2>\n\n\n\n
What Is Lazy Minting?<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
What Does It Mean To Mint An NFT?<\/h2>\n\n\n\n
What Is Lazy Minting?<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n
What Is A Non-Fungible Token (NFT)?<\/h2>\n\n\n\n
What Does It Mean To Mint An NFT?<\/h2>\n\n\n\n
What Is Lazy Minting?<\/h2>\n\n\n\n
Gas Fees When Minting NFTs<\/h2>\n\n\n\n