Lazy minting
Considering the typically elevated gas prices in the heavily sought-after Ethereum space, minting an NFT or an NFT collection can become expensive for creators. Lazy minting provides a solution.
đââī¸ Why Lazy Minting
Creating an NFT involves recording data on the blockchain, essentially linking the NFT's address to the minter's address. This process, at its core, requires a gas fee due to the data being written onto the blockchain. Despite Ethereum's widespread use, many creators, both established and new, may hesitate to mint NFTs on this blockchain and incur the associated fee, as success isn't guaranteed. The idea of lazy minting partially addresses this concern.
đââī¸ī¸ What is NFT Lazy Mint
Lazy Minting is a method where creators are not required to pay the gas fee for minting the NFT upfront. Instead, they can list it on marketplaces for sale. Upon a buyer's purchase, the NFT is minted just in time, and the minting cost is included in the total price of the NFT.
đ Setting up Lazy Mint
You can start by Creating your Smart Contract. Choose the NFT Drop contract. By default, this contract supports Lazy Mint.
Define how NFTs can be minted using claim phases.
Other wallets mint NFTs by claiming them. When they claim, they pay the gas costs to mint the NFT.
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