What is lazy minting and how does it relate to NFTs in the world of cryptocurrency?

1 answers

• solipsismesOct 14, 2023 · 2 years ago
  Lazy minting is an interesting concept in the world of NFTs. It allows creators to mint their tokens only when they are sold or transferred, instead of pre-minting them and storing them on the blockchain. This approach offers several benefits. First, it reduces the upfront costs for creators, as they don't need to pay for minting and storing tokens that may not be sold immediately. Second, it allows for more dynamic token attributes and metadata, as they can be generated at the time of minting. And third, it helps to optimize the use of blockchain resources, as tokens are only minted when there is demand for them. Overall, lazy minting is a smart strategy for NFT creators to save costs and improve flexibility.
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