NFT marketplace on “gasless” Flow Blockchain

Due to high gas fees, I had stopped minting NFT. However the gas fee on the ethereum blockchain is very low right now. But I currently have zero ethereum in my wallet.

Just imagine if you do not have to pay gas fees to mint NFT. Yes it is absolutely true. You will be able to mint NFT on Flow Blockchain without paying gas fees. Recently Rarible raised $14.2 million to expand its platform to the Flow blockchain.

I have also minted few of my NFTs through Rarible marketplace and listed on opensea for sale. Few items have been sold and others are still listed there. I have also tried to list my NFTs on Rarible platform but I found that the listed items were not showing to others. That time I couldn’t understand the reason. Recently I came to know that I first need to verify my account on Rarible marketplace, then my listed items can be seen by other users or NFT buyers.

Recently opensea facilitated NFT creators to list their NFTs without paying gas fees which will be deducted later from the sale proceeds of that item. It has one disadvantage. The listed NFT under collection manager will not reflect in your ethereum wallet. I have also listed two NFTs under collection manager. I think NFTs listed in collection manager is not stored in blockchain. NFTs listed under collection manager will be minted on blockchain after it gets sold.

Ultimately, you will have to pay gas fees but after your NFT gets sold. Normally you used to mint NFT first on blockchain and then list on marketplace.

I hadn't heard of Flow Blockchain before today. I came to know about it after reading this article https://decrypt.co/74329/nft-marketplace-rarible-raises-14-2-expand-flow-blockchain . So it is good news for NFT creators.

NFT is currently a growing project which covers animation, video, music, game, painting, and many more things. Even you can mint your photograph as NFT and can trade on marketplace.

NFT sale proceeds exceeded $1.5 billion in the first quarter of 2021, according to DappRadar. As soon as Rarible will expand its platform to Flow Blockchain, NFT marketplace will see huge growth because NFT creators will get gasless zone to mint their items. Few months ago they used to pay huge gas fees for minting their NFTs on ethereum blockchain. When they will get gasless platform, NFT minting will increase automatically.

Flow Blockchain which is mainly created for NFTs will help small players participate in NFT project. You will have to wait until Rarible expands its marketplace to Flow Blockchain. I know in future there will be several NFT marketplaces on Flow Blockchain.

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