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  • I am working on an NFT project where gas fees are a major issue. High fees make minting expensive, especially for large batches. I have explored Layer 2 solutions like Polygon, Optimism, and Arbitrum. These seem promising for reducing costs, but I am unsure about their effectiveness for NFTs.

    Batch minting also seems to lower costs, but I need tools or libraries to simplify this process. I am considering ERC-1155 instead of ERC-721 for its cost efficiency, but I would like to know how this affects secondary market use or transferability.

    Are there other proven ways to save on minting costs while maintaining security and decentralization? I am looking for practical suggestions or tools from developers who have dealt with similar challenges.

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  • amanda smith

    Member • 2mos

    To reduce NFT minting costs on Ethereum, consider using Layer 2 solutions. Polygon is widely used for NFTs due to its compatibility with Ethereum, lower gas fees, and fast transaction speeds. You can mint NFTs on Polygon directly or use bridges to transfer assets between Ethereum and Polygon. This reduces expenses significantly.

    Batch minting is another effective method. With batch minting, you group multiple NFT creations into a single transaction. This lowers the total gas fees compared to minting each NFT separately. Smart contracts, like OpenZeppelin’s ERC-721 or ERC-1155 implementation, support this feature. ERC-1155 is particularly cost-efficient for minting multiple NFTs, as it uses shared contract data for similar items.

    Gas optimization techniques also help. Ensure your smart contract code is optimized to reduce unnecessary computation. Use tools like Hardhat or Remix to analyze and optimize the gas usage of your contract.

    Timing your minting is critical. Gas fees fluctuate based on network activity. Use tools like Etherscan’s gas tracker to identify low-traffic periods for transactions.

    Lastly, consider using tools like Manifold or MintGate, which simplify the minting process and include cost-reduction features. These tools are reliable and widely used by the NFT community.

    By combining Layer 2 solutions, batch minting, optimized code, and proper timing, you can significantly reduce costs while maintaining functionality.

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  • Merry Wordsworth

    Member • 1mo

    Can you share your insights in more details about By combining Layer 2 solutions, batch minting, optimized code, and proper timing f

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