How to Lazy Mint on Rarible?

Do you want to know how to lazy mint rarible? Are you an investor or creator of Metaverse NFTs? Are you fed up with paying gas fees for the minting process of NFT artwork and want to avoid it? If yes, then here is good news for you. Yes, it can be possible with the new concept of lazy mint where you don’t need to pay any gas fees. 

There are multiple NFT marketplaces, such as OpenSea and Rarible, that have implemented this new concept of lazy minting. The main disadvantage of the traditional way of minting an NFT is the high gas fees that discourage NFT investors across the world. There is risk involved in minting NFT because these investors have to pay high gas fees and are unsure if their NFT will be sold or not. So, the lazy minting of NFTs now comes as the main relief for such creators. 

Well, this post explains the new concept of lazy mining and how it helps new creators and developers. This post will go over the concept of lazily minting NFT and how it works in detail. Now, let’s first understand the lazy minting concept. 

What is Minting?

How to Lazy Mint on Rarible?

In the NFT marketplace, minting is the process of registering digital art on the blockchain so that it can’t be changed or tempered in the future. It is an important part of the NFT art purchase and selling process. Because it is the only thing through for creating NFT and earning money in the NFT marketplace. Traditionally, it costs a lot to mint the NFT artwork because there is a very high gas fee involved. So, it restricts the small creators and investors to invest in the NFT marketplace because there are so many risks involved. And there could be a chance that these investors don’t get the sales. However, they have to pay hefty gas fees and they were unsure whether it works or not. The hefty gas fees have kept many creative artists at a huge loss. 

Now let’s understand what is lazy minting and how it helps NFT creators and investors to mint their artwork for free. 

What is lazy Minting in NFT?

Before getting straight to the topic of how to do lazy minting, let’s understand what it is. 

Lazy minting is the technique of minting NFTs at the time of purchase. It was launched towards the end of the year 2020, and soon it was adopted by the most popular traded NFT marketplaces, OpenSea, And Rarible. This concept became popular among creators and investors who want to sell their NFTs without initial investment in gas fees. 

In other words, lazy minting helps the creators and investors to allow them to mint their artwork for free. 

Moreover, it doesn’t mean that you don’t require to pay the gas fees. Once your artwork is purchased, the NFT investors will have to pay gas fees from that money. This concept brought down the risk of losing money to zero. It gives confidence to the new investors and creators who want to freely mint their artwork or resale their NFTs without having any risk of losing money. 

Must Read:-How to Mint NFT Without Gas Fee?

How is NFTs  Lazy MInting Done?

Until now, you have understood the concept of minting and lazy minting. Now, let’s get straight to the topic of how to lazy mint NFTs. Lazy minting of NFTs can be easily done in just the following three steps:

Step 1: The first step to lazy mint NFTs is to receive a smart contract that has the ability to do lazy loading. Eg. Rarible.

Step 2: In the next step, you have to create a signature for the NFT. Moreover, it should be signed with the private key. 

Step 3: In the final step, if somehow whenever someone made a purchase of your NFT, he pays for both the fees, mining fees, and the buying price. 

How to Lazy minting of NFTs on Rarible

The lazy minting process on the Rarible platform is a little more illustrative. So, let’s understand how to lazy mint an NFT on Rarible. In comparison to other NFT platforms, Rarible allows free minting. Hence, you can mint on rarible by following these steps: 

Step 1: The first step is to upload the data on IPFS decentralized database.

Step 2: Next, a token id will be generated. This generated token Id is necessary for lazy minting as your NFTs aren’t minted yet. Hence, the NFT is not yet stored on the blockchain-based decentralized database. 

Step 3: Next step includes the creation of Lazy mint. In this stage, an actual lazy minting is done. It depends on your art in the form of tokens such as ERC 721, ERC 1155, royalties, creator, and much more. Moreover, you will be required to sign in using your digital wallet like MetaMask, and your private key. 

Step 4: In the final stage, an NFT will be posted on Rarible API. 

Must Read:-How To Mint in a Bored Ape Yacht?

Wrapping Up

So far, everything about NFT’s lazy minting has been discussed, and we have also discussed the entire process of lazy minting on the Rarible platform. Metaverse is an amazing place to invest, and the introduction of lazy minting enhances the lazy minting process and helps the creators reduce their risk of losing money. 

Moreover, Rarible has launched a mobile app for both Android and iOs. It also added this enhanced process of lazy loading in its mobile application. Also, it helps investors to monitor the performance of their mobile phones more quickly.  

Frequently Asked Questions

What does Free Minting Mean?

Lazy minting is the technique of minting NFTs at the time of purchase. It was launched towards the end of the year 2020, and soon it was adopted by the most popular traded NFT marketplaces, OpenSea, And Rarible. This concept became popular among creators and investors who want to sell their NFTs without initial investment in gas fees. 

In other words, lazy minting helps the creators and investors to allow them to mint their artwork for free. 

What is the difference between Minting and Lazy Minting?

MintingLazy Minting 
It needs a smart contract like Rarible or OpenSeaNeed a smart contract like Rarible
Need to pay the gas fees before mintingDon’t need to pay the gas fees initially. 
Someone can buy your NFT When someone buys the NFTs, then your fee will be deducted from the purchase

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