It’s common knowledge that the newest and greatest NFT collection has recently sold for a record-breaking sum, but what are the true expenses of making an NFT?
In cryptocurrency, you may have heard of mining NFTs and transaction fees, but you may not know where to begin if you want to sell your NFTs. Everything you need to know about NFTs is right here.
NFT market today
NFTs had existed for years, but their popularity soared in 2021. The NFT market surged 7200% from $340 million in 2020 to $24.9 billion; the last year, 2021, was the year of NFTs.
You may have heard about Pak’s “The Merge,” the most expensive NFT sold at $91.8 million.
NFTs make news as more celebrities join. NFT artists appeared, and investors gained millions from NFTs. We want to explain how much it costs to create an NFT on the most prominent blockchains today.
If you’re making an NFT for the first time, you’ll need to mint it on the blockchain. It’s not complex, despite…