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Reid Robinson - NFT Social Media
Manage episode 344918210 series 2954044
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TL;DR: With lazy minting, you have the option to make your NFT attainable off the blockchain, so you only pay for gas(the fees associated with the computing power it takes to add your NFT to the blockchain) once your NFT has been sold. cocoNFT helps make this possible!
Not too many years ago, you may have heard the word “meme” and assumed it referred to someone’s estranged French Canadian grandmother. Now, iconic digital images like Disaster Girl and everyone’s favorite flying feline toaster pastry Nyan Cat (see image below) have sold at auction for as much as half a million dollars. Total NFT sales this year so far clock in at an absolutely ice cold $2.5 billion.
https://blog.coconft.com/how-much-does-it-cost-to-create-an-nft-755d0db24757
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