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NFT investments have continued to increase at a rapid rate over the past year. When newcomers to the industry are asked “where do you purchase your NFTs from?”, the thought of an open marketplace such as Opensea is often formed. However, what if you were told that everything you knew was wrong and that the end of the product life-cycle is open marketplaces. So, where does the beginning of the product life-cycle start?
Minting. See, artists often launch an entire collection of NFTs rather than singular art pieces. Imagine how long it would take to create 10,000 NFTs, let alone the costs of minting them to the blockchain? That is where lazy minting comes in. Artists and brands use an NFT generator to generate their collections based off of their artwork, and offer a mint sale straight off of their own website. The mint sale allows each user to pay the “minting” transaction fee to the network, as well as an additional fee to the creator. This mint sale offers an early-entry towards potential investors, and often provides the best prices on NFTs before the NFT is even known of, or made available on secondary marketplaces.
Generate NFT Online, a privately held NFT platform built for artists and creators, has launched its NFT Minter Dapp on March 4th, 2022. The NFT collection minter enables artists to generate and launch their very own mintable NFT collection sale without any programming experience. The company, based out of Canada, aims to provide tools for NFT artists and brands to break through the many hurdles of the NFT industry.
In December of 2021, Generate NFT Online launched their randomized NFT collection generator. The generator
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