NFT marketplace Rarible launches free minting feature, creators no longer need to worry about high Gas fees?

The NFT trading platform Rarible has launched a new feature today - the "free minting" function for NFTs, aiming to lower the entry barrier to the world of NFTs. This allows everyone to sell or auction their own created NFT artworks without worrying about the high Gas fees.

Remember to Leave Minting Fees When Paying

Rarible has introduced the Free Minting feature, which, despite its name, actually transfers the minting fees of NFTs to the buyer of the NFT. In other words, the buyer needs to pay an additional minting fee when purchasing an NFT.

Although minting NFTs on other non-Ethereum blockchains does not require high Gas fees, the majority of NFT transactions in the current market are still minted on Ethereum, often incurring Gas fees ranging from tens to hundreds of dollars, which not everyone can afford. By transferring the minting fees, Rarible eliminates the barrier of Gas fees. Users who want to list NFTs only need to sign a "minting authorization" through their Ethereum wallets to list the NFTs on the trading market, and the actual minting process only occurs when the NFT is sold.

Abundance of NFTs Appearing on the Trading Market

In less than a day after its launch, over 4,000 NFTs have been listed through this feature, attracting many users to utilize it. Currently, NFTs listed via the free minting feature are categorized under the "Rarible" collection series, with plans to support more collection series in the future.

However, when FTX exchange previously introduced a minting feature, it also attracted many users, resulting in a large number of low-quality images. At present, Rarible has not reached such a severe level, and it remains to be seen whether the platform can develop more positively in the future, which is promising.

Testing the Listing of NFTs

To test the listing of an NFT that has not been minted yet, interested readers can visit here.