Cryptocurrency Q&A
What is a lazy mint?
What is a lazy mint?
SamuraiWarrior
Mon Jul 01 2024
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7 answers
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Could you elaborate on the concept of a "lazy mint" in the realm of cryptocurrency and finance? I've heard it mentioned in various discussions but have yet to grasp its core meaning. Specifically, how does it differ from traditional minting processes? Are there any benefits or drawbacks to employing a lazy mint approach? Furthermore, could you provide a simplified explanation of how it works and why it's becoming increasingly relevant in today's crypto landscape? Your insights would be greatly appreciated.
7 answers
Raffaele
Wed Jul 03 2024
For buyers, the total cost of the NFT includes the minting cost, which is added to the purchase price.
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amelia_harrison_architect
Wed Jul 03 2024
This process enables creators to bypass the upfront cost of paying gas fees for minting NFTs.
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Eleonora
Wed Jul 03 2024
Instead, they have the flexibility to list their NFTs for sale on various marketplaces.
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TaegeukChampion
Wed Jul 03 2024
The actual minting of the NFT occurs only when a buyer purchases the digital asset.
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AzurePulseStar
Wed Jul 03 2024
This "just-in-time" minting strategy is advantageous for creators who may not have the immediate financial means to cover gas fees.
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