155 / 2024-04-22 11:17:31

Minting Non-Fungible Tokens

Non-Fungible Token,Minting method,Crypto asset

Recently, Non-Fungible Tokens (NFTs) have emerged as a novel category of assets that's been garnering significant attention. The creation of NFTs, often referred to as "minting", predominantly follows two approaches: gas minting and lazy minting. In gas minting, the creator bears the cost of the gas fee at the time of minting the NFT, whereas lazy minting postpones this cost until a transaction takes place. Our research delves into the comparative advantages of these two strategies, scrutinizing their effects on the creator's profitability, as well as how they influence the behavior of the platform and consumers.