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Opensea Launches Free NFT Minting Service

Posted on 2020-12-302020-12-30 by Robert Hoogendoorn

The digital asset marketplace Opensea now allows users to create unlimited non-fungible tokens without paying any gas with its new NFT minting service. They are using ‘lazy minting’, which means that an ERC-1155 non-fungible token isn’t actually minted until its first purchase. Opensea implemented the update with immediate effect.

The reason why Opensea launched this free NFT minting service, is because they measured that the amount of user-created non-fungible tokens has increased twentyfold since June. Each of those creations cost several dollars to mint. However, the market for NFTs grew from one million dollars to 20 million dollars per month. Making onboarding even cheaper and easier, will grow the market even more.

In addition Opensea has made some changes to their Collection Manager. Now every authorized editor can create new digital assets. On top of that they’ve rebuilt the payouts page, and as a result users get a better insight into the commissions they’ve earned.

An entirely new industry has just been born, and on top of being fun, safe, and pandemic-friendly, it’s remarkably equitable. You can now create a viable creative business no matter where you are, which language you speak, or which banking infrastructure you have access to. All you need is creativity and the internet.

Alex Atallah, co-founder and CTO of Opensea (blog, December 29th 2020)

I think it’s time to create and mint those digital rewards for our Play to Earn Members and get that Play to Earn Store up and running. There is $PLAY that needs some spending!

What are NFTs?

A non-fungible token is an unique token with its own characteristics. These tokens gives the owner ownership over a certain digital asset, because users store them in their personal cryptocurrency wallet. This digital asset can be a sword in a video game, digital art, or an insurance contract.

These tokens are non-fungible, because they are unique. Each token has an unique identifier, so even if they look the same, they aren’t. Similar to cars or houses, for example. For more about non-fungible tokens, please refer to our complete article.

Pay 500 PLAY for a 30-day subscription

Transfer 500 PLAY from your Roll wallet to Metamask for FREE. Then login to your Metamask or other Web3 portal, make sure you have 500 PLAY in your wallet, and use it wisely. A PLAY Membership allows you to earn more PLAY by reading this website. Join our community on Discord to get started! — Keep in mind that you need to pay transaction fees, so pick a moment with low fees.

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Get your FREE PLAY TOKENS here —  You earn these tokens for learning about play-to-earn gaming, blockchain gaming, non-fungible tokens and crypto art. We also distribute tokens as rewards through our Discord community. In early 2021 we will introduce ways to spend your tokens, so start piling up that $PLAY!

Thank you for being a Play to Earn Community member! Please share our news with your friends by e-mail or on social media. The more people start using $PLAY, the more value it generates. Sharing = caring. With that being said, please claim your PLAY Rewards at the bottom of this message.

If you’ve been collecting quite some $PLAY over the past few weeks, why not discover on how to spend them? Or HODL and increase your rank on our Discord!

Thank you for being a member, get your PLAY tokens here!

Robert Hoogendoorn
Robert Hoogendoorn

Robert Hoogendoorn is a gamer and blockchain enthusiast. He got in touch with crypto in 2014, but the fire really lit in 2017. Professionally he’s a content optimization expert and worked for press agencies and video production companies, always with a focus on the video games & tech industry. He’s a content manager and creator at heart, working on Play to Earn and for a variety of third party magazines and websites.

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