As most developers and NFT artists know by now, minting NFTs are by no means cheap. In fact, gas fees on Ethereum keep increasing as the network gets congested. In turn, NFT creators many times see the process to mint their NFTs as non-profitable. However, programmers have found a way in which one can bypass the process of paying for gas fees.
Usually, when you want to mint NFTs, you need to complete a few steps. In many cases, these are drawn-out steps that are cumbersome to finish. Additionally, in some cases, you’re required to write a smart contract. Then, whenever you sell your NFT, a percentage of the money goes as commission to the marketplace. However, thanks to the BurntFinance platform, you neither need to spend gas fees nor have to write smart contracts.
Mint NFTs Without Paying Gas Fees On Burnt Finance
The popularity of non-fungible tokens is increasing daily, and NFTs transaction volume keeps setting new records. Just in the third quarter of 2021, the NFT market generated $10.67 billion, which is more than a 700% increase compared to the previous quarter. In the digital world, non-fungible tokens, commonly known as NFTs, are unique assets that you can buy and sell, just like physical properties. These pieces of data are not interchangeable, meaning that they have no tangible form of their own. In other words, you can consider these blockchain-based tokens as proof of ownership for assets and goods. Moreover, an image, GIF, video, or even a piece of music are all examples of NFTs. Additionally, NFTs can also represent physical assets. Currently, various blockchains support NFTs, including Ethereum, BSC, Trone, EOS, etc., with Ethereum as the most popular one. Burnt Finance is the first fully-decentralized NFT Marketplace, here on this platform, you can launch a complete on-chain Collection with ease. For the first time on Solana, users can buy, sell, trade, and mint NFTs, all on a fully-decentralized protocol. This means zero fees, zero custodians, and zero centralized parties to judge who can and cannot launch.
Building an Army of Creators
From a more decentralized point of view, BurntFinance is building to empower Creators.
Creators on Burnt Finance will have access to the best tools to launch their own NFT projects. To get this done, the first up is Launchpad Studio, which allows anyone to launch generative collections without paying any fees. Decentralized finance brings numerous benefits when compared to traditional financial services. Through the use of smart contracts and distributed systems, deploying a financial application or product becomes much less complex and secure. In lieu of this, BurntFinance will be releasing a number of DeFi functionalities that will revolutionize how NFTs are used for liquidity, fractionalization, GameFi, and much more.
NFT Collection Hotspot
Right now, NFTs are completely revolutionizing the world of digital ownership. More and more people are getting into NFTs. This is making it really difficult for investors to find the right non-fungible asset to invest in. The best thing here is that anyone can create or collect NFTs. BurntFinance has created its own unique spot for NFT Collection for its users.
While the popularity of NFTs is booming, it’s more likely that it is not slowing down in the near future. Everyone is seen talking about metaverse and NFTs. New NFT trends are coming up in the market every single day. This makes BurntFinance the best go-to spot for the NFT marketplace.