Minting a generative nft

1. What is a generative NFT drop?
2. How much does it cost to mint 10000 NFT?
3. Can I make an NFT?
4. What is NFT in Crypto?
5. What is a generative drop?
6. What are NFT coins?
7. How much does it cost to sell NFT?
8. Do you pay a gas fee for each NFT?
9. What is the most expensive NFT ever sold?

What is a generative NFT drop?

Read Time. Art Blocks is an Ethereum-based platform providing unique, programmable, and on-demand generative NFT art to collectors worldwide. It does so using NFT drops, a process by which a user mints an NFT but doesn't know what they're receiving beforehand.

How much does it cost to mint 10000 NFT?

10k nfts on polygon costs about $10 to deploy, down from about $5k on mainnet.

Can I make an NFT?

Once you have a digital wallet and some cryptocurrency, it's time to start creating (and, hopefully, selling) your NFT. For that, you'll need to choose an NFT marketplace. ... It allows you to mint your own NFT, and it's a leader in NFT sales. The NFT marketplace sold $3.4 billion worth of NFTs in August 2021 alone.

What is NFT in Crypto?

NFT stands for Non-Fungible Token. ... Cryptocurrencies, which use a digital public record of transactions called a blockchain, are fungible. NFTs are digital items that can be bought and sold using this blockchain technology. But they are not fungible, making them a different type of asset.

What is a generative drop?

The Generative Drop Sequencer is a minimal hydraulic rhythmic machine, composed by a set of 4 adjustable drippers that release a water drop at a given rate; each drop beats on a different percussion device activating a singular tone that is amplified through a 4-channel audio mixer and into a mini amp.

What are NFT coins?

Non-fungible tokens, or NFTs, are pieces of digital content linked to the blockchain, the digital database underpinning cryptocurrencies such as bitcoin and ethereum. Unlike NFTs, those assets are fungible, meaning they can be replaced or exchanged with another identical one of the same value, much like a dollar bill.

How much does it cost to sell NFT?

There are often fees for buying or selling an NFT on a marketplace. OpenSea, the largest NFT marketplace, charges 2.5% per transaction. Others, like SuperRare, charge more. OpenSea also allows creators to charge up to 10% as a royalty fee.

Do you pay a gas fee for each NFT?

Whenever you place an order for an NFT or even cancel one, you have to pay the gas fees. As when the sale is completed, a gas fee needs to be paid to move the cryptocurrency from your wallet to the seller's wallet. And if the NFT has been lazily minted, you'll also have to pay the gas fees needed to mint it.

What is the most expensive NFT ever sold?

One of the rarest CryptoPunks, one of the mono versions, Punk #4156, was sold for 10.4 million dollars, approximately the price of 2,500 ETH that was paid at the time. This Punk is the most expensive CryptoPunk sold natively to date, since as we saw earlier, Punk #7523 was sold through an auction house.