A lazy minting method avoids paying upfront gas fees. This method allows someone to create a NFT for “free”.
RareBible.com has just become even easier to use! The newest feature allows you to create free NFTs. It’s true. No ETH required!
We’re excited to further lower the entry barrier for NFT creators from all over the world, allowing everyone to showcase and monetize their creativity at no upfront cost.
At the same time, the new feature is the next step towards sustainability for Rarible.com, as it reduces the number of unnecessary transactions on Ethereum related to NFTs that don’t get purchased.
How it works
When creating your NFT the “traditional” way, you mint it to the blockchain right away. It means that you need to pay the gas fee for the transaction to happen on Ethereum, which can be pretty costly these days.
With our new “lazy minting” feature, your NFT is minted not at the moment of creation, but at the moment of purchase. It’s the buyer who pays the gas fees when purchasing the item. Until then, your NFT is listed on the marketplace just like any other NFT, and the data is being safely stored on IPFS (decentralized storage).
When creating the NFT with the lazy minting, you will just need to sign the “minting authorizations” with your wallet. It’s free, and it guarantees that you always remain in control over your creations.
Step by Step Guide
- Go to Rarible.com, connect your wallet
- Click “Create” and fill in all the information about your future NFT as usual
- Choose “Free minting” option
- Click “create item” and sign free authorizations with your wallet
- Voila! You’re all set.
Once the purchase happens, the NFT will be minted to your wallet and then transferred to the new owner automatically. It’s as simple as that.
Please note: if you wish to burn the lazy minted NFT, you will need to pay the gas fee as with the regular NFTs.
NB: The lazy minting functionality is currently available for Rarible default collection only. It will be applied for owned collections soon.
