Sell NFT without Gas Fee

Sell NFT without gas fee

Blockchain technology has become one of the greatest discoveries of modern times. With its help, a huge number of things were created that improved this world. Among all the possibilities, everyone singles out the necessary ones and uses them by their needs. NFT technology has become a great option for musicians, artists, large companies, and anyone who wants to get a unique thing. No special skills are needed to create an NFT, as the platforms that provide the ability to create have all the necessary resources and recommendations. Users receive non-fungible tokens and can sell them.

Among the nuances of use is the presence of payment for gas when creating and selling NFT. This article will tell you how to avoid paying this commission.

What "Gas" need to pay?

Gas is a payment for the use of the blockchain in a particular network. One of the most popular and sought-after is Ethereum, but there are other options as well. Such a commission is taken for all transactions and may vary in amount depending on the network load. The only case when paying for gas is not accepted is "lazy minting".

You should also take into account the size of the fee, which depends on the load of the selected network - the more users in the blockchain at the moment, the more gas will be required to skip the transaction. Also, the commission will be different in different countries of the world, since network congestion is different everywhere.

Free options and nuances of creating an NFT

Some NFT platforms save creators from a commission by including it in the sale price or when creating a token and then selling it. This method is referred to as "lazy" or free minting. The amount for gas will be invested in the cost and deducted from the transaction proceeds.

Treasureland is a great service without “gas”

This platform does not burden users who create NFTs. All expenses are borne by the buyers of tokens. You will have to pay a commission only if a unique picture, track, GIF, or other non-interchangeable file is donated to another person.

Opensea - looking for free options

The most famous resource that allows you to create and sell NFT without a gas fee also can create tokens for free. There is only one condition - after integration into the blockchain, they cannot be sold on this site. Many users go to the trick - copy the address of their creation and sell it on other trading platforms.

More details about the procedure

First, you need to create an NFT on the presented marketplace. Everything is simple and will not take much time:

• To begin with, we select a file (object) that will translate into a non-fungible token. You can take any picture, track, photo, and so on.
• After we register and bind the crypto wallet to the platform: it is best to use the Metamask built into the browser. It is convenient and safe to work with him.
• The next step is the creation of the NFT. We go to a section specially designed for this and upload a pre-selected and processed file. Be sure to include a title, description, and metadata.
• Here you can also choose how many tokens you want to issue. By default, the system creates one instance.
• The final step will be to choose a blockchain network. The priority in OpenSea is Ethereum. It remains to click on the create button and get your unique NFT.

Commissions: what do we pay for?

Due to the decentralization of the platform and the lack of storage of digital assets, smart contracts technology is used here. This is how the movement of all created and sold tokens takes place. The implementation of the contract is carried out automatically, but only if all the conditions laid down in it are met. For the first and subsequent transactions, you will have to pay for gas, the amount of which depends on the workload and other factors of the selected network. Also, OpenSea always takes a commission from the sale of each token in the amount of 2.5% of the transaction amount. Also, gas in ETH is taken for an exchange transaction for other tokens and upon receipt of NFT to the buyer's wallet.

Choosing a blockchain with a minimum commission

The choice of blockchain on OpenSea is between Ethereum and Polygon. To sell NFT without a gas fee, choose Polygon. Then click Create a Collection. It is important to understand that you need to confirm the actions to set up the collection from the wallet linked to Ethereum and choose the second option.

Those users who do not want to constantly pay fees in Ethereum choose the second network available on the largest trading platform - Polygon. Here, when creating an NFT collection and selling it, you will not have to pay. Next, we will tell you how to sell NFT on OpenSea without paying gas.

Polygon opens up new horizons

• Select one or more tokens you want to get rid of. Find the Sell button in the right corner at the top of the site.
• Complete all fields including currency, fee amount, and NFT value.
• Choose a good offer or wait for it to appear.
• To complete the transaction, you need to click on the Sign button, thereby signing the transaction.

A few life hacks for a profitable sale

Listing

For everyone to know about the sale of your NFT, it must be included in the lists of tokens for sale on one or another platform intended for this. Opensea charges a commission of two and a half percent of the amount assigned by the seller.

Pricing

Before setting the price, it is better to look at similar positions and determine the optimal price. NFT should be of the same level as how popular such tokens are and whether they are interesting to collectors. The main thing in this matter is to set a real figure, and not a fantasy and a dream to get rich right away.

Auction - an opportunity to earn more

If it was not possible to determine the cost on your own, you can turn to users for help and put your NFT up for auction. There is a special option on the site for this. When choosing it, the seller sets the duration of the auction and the minimum bid. The auction will end at the highest bid and the deal will go through.

Cooperation with the largest

Another option to sell NFT without a gas fee is the largest cryptocurrency exchange with a lot of opportunities, including the creation and sale of a non-fungible token - Binance. As the main money here is used: BNB (own currency) and Ethereum.

Learn more about creating and selling through the exchange

• To work on the exchange, you will have to not only register but also undergo a serious verification of the data provided.
• After creating an account, the user receives at his disposal a personal crypto wallet with the ability to receive and sell NFTs. It is also possible to connect other wallets, such as Ethereum.
• From the main page, you need to go to a special section for creating tokens: Featured By Binance. There is a button to get started.
• You can upload any file and fill in metadata for it - this description must be there.
• Here you can create not only individual NFTs but also entire collections.

The benefit is that the first ten mintings on the exchange are completely free with no gas fees. For subsequent tokens, a minimum commission will be charged, which favorably distinguishes the platform from the well-known Opensea.