Free to Mint NFTs are nothing new. In fact, they have been around for a while, with some OG NFT collections like CryptoPunks being free to mint. Nonetheless, free to mint NFTs recently came under the limelight after the success of Goblintown.wtf. So what exactly is free to mint NFTs and what are some of the top collections in this category?
What is Free to Mint NFTs?
As the name implies, free to mint NFTs are a type of NFT drop where projects release NFTs at no cost, except for the gas fees needed to mint the NFTs. Mostly, projects of such mints are focusing on secondary sale royalties than primary sales earnings. In other words, every time an NFT in the collection is sold on the secondary market, the team earns a set percentage of royalties.
Needless to say, free to mint NFTs significantly reduce the entry barrier to the NFT space, especially for newbies. As we know, new NFT projects usually charge anywhere between…
