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Author Topic: Minting of your own NFT (collection). The best way to do it?  (Read 88 times)
pjp007 (OP)
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March 27, 2022, 02:53:54 PM
 #1

So I have this NFT collection that I want to sell on opensea. What is the best way to cope with the minting costs?

1. Is there a way to put all your NFT's up for sale and leave the minting costs to the buyer? Or isn't this a good idea?
2. How about gas fees? I read a lot about these but I still don't know if these are for the seller or the buyer.

So what is the cheapest way to sell an NFT collection? Pay for the minting fees or not? Pay for the gas fees or not? I really have no idea here.  Huh
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March 28, 2022, 01:24:40 PM
 #2

Anyone?  Cry
shinratensei_
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March 28, 2022, 03:10:58 PM
 #3

The cheapest way to sell your NFT collection is through the use of the scalable blockchain. You will never be able to sell your NFT if that has not yet been minted and how can you sell that? You need to pay the gas fees to minting it. There's no way for you to do that other than pay with your money and then sell to others with higher price that can cover your minting fees combined with the regular fees that charged by any transactions that happened during your process to sell your NFT. If your NFT is not yet minted and how is it possible for you to take a profit from your NFT by selling it?

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March 28, 2022, 04:37:18 PM
 #4

The last time I tried to play around with NFT, you can freely mint NFT with Polygon, though I'm not sure about the collection.

Anyway, according to the Opensea documentation page, there is a way to freely list an NFT without paying the mint cost. Refer to the below article:

Can I list an item without paying to "mint" it?

The new OpenSea collection manager allows creators to make NFTs without any upfront gas cost, as the NFT isn’t transferred on-chain until the first purchase or transfer is made.

 

NFTs made with the Collection Manager follow the ERC-1155 standard, partly to help with gas-free minting and partly to help us add exciting features in the near future.

 

Please note, if this is your first listing on OpenSea you will need to pay gas fees associated with initializing your account.

 

For more information on lazy minting, check out this helpful resource created by our co-founder Alex!

and https://opensea.io/blog/announcements/introducing-the-collection-manager/
JayTrain
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March 28, 2022, 06:13:38 PM
 #5

It's very simple, use the polygon blockchain on opensea when placing your NFT collection, transactions are not expensive and fast in this network, also if you have an interesting collection, I'm sure that some collector will not pass this by.
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March 28, 2022, 07:58:59 PM
 #6

So I have this NFT collection that I want to sell on opensea. What is the best way to cope with the minting costs?

1. Is there a way to put all your NFT's up for sale and leave the minting costs to the buyer? Or isn't this a good idea?
2. How about gas fees? I read a lot about these but I still don't know if these are for the seller or the buyer.

So what is the cheapest way to sell an NFT collection? Pay for the minting fees or not? Pay for the gas fees or not? I really have no idea here.  Huh

The gas commission is not as high now as it was when they tried to mince last summer or fall. Only it's a bad idea. I daresay you'll spend money on the minting, spend money on commissions, post your NFTs on OpenSea, and... that's it. Demand for all of these collections has dropped off a lot and for someone to buy something from you, your collection has to have some kind of hype or some kind of relevance.

I wouldn't waste any time or money on it if I were you. The hype on NFT has subsided, and the OpenSea exchange itself has admitted that over 80% of the NFTs posted on their platform are garbage and worthless.

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dansus021
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March 29, 2022, 12:39:03 AM
 #7

you can start selling to opensea or rarible or other nft marketplace by directly upload it no minting fee if u are using polygon. but the opensea will charge amount of % after the nft got a buyer

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March 29, 2022, 01:09:22 AM
 #8

If your products really offer something to the buyer, then selling will sell easily. Some of the ways that I see a lot of people still doing when trends hit, I always follow the latest events to create related products. Moreover, you also need to build your social media to increase trust, and the issue of fees that you are worried about is moot if you build your own social system well, then opensea is just a means of payment. You'll find the deal you're looking for if you bit it everywhere you need it but don't spam it for everyone to see.

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March 29, 2022, 08:56:14 AM
 #9

Dealing with NFT influencers. You may or may not believe it but that is the best way to do it for sure. Deal with a designer, deal with some developers to handle the technical side, and that would cost you like under 5k for sure. Whereas if you end up with a good marketing budget ,and pay the influencers, your discord will be filled with THOUSANDS of people who are trying to get whitelisted and all of your NFT would be sold out very quickly.

I am not saying that there is a guarantee, do not go out there and do an NFT launch just because I told you how easy it was, but certainly the best method of getting a sold out collection compared to all other methods.

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