Are NFT drops free?

In short Yes and No, Some NFT drops are free but remember when dealing with blockchain there is always a transaction fee called Gas which needs to be paid.

Are NFT drops free?

In short Yes and No, Some NFT drops are free but remember when dealing with blockchain there is always a transaction fee called Gas which needs to be paid.


Competition has driven the NFT market into offering something called free mints. A term used to describe a NFT drop that the artist or creator is giving away for free but you have to bear the cost of the transaction, the gas fee.  


Gas fees vary from blockchain to blockchain, ethereum the largest blockchain in the NFT world has the highest gas fees and it swings widely. Other blockchains like Polygon or Avalanche are pennies however the NFTs are usually worth a lot less.


Solana is a blockchain that offers a good NFT platform with many marketplaces and the gas fees are also very low. For this reason Solana is becoming popular with creators and investors.


So to answer the question, are NFT drops free? The answer is almost all you can find projects where the creator is giving away free art but there is always going to be a transaction free.  


There is of course one other kind of NFT drop that is totally free and the creator bears the cost of all transactions and that is called an Airdrop. In order to be eligible for an airdrop you must be part of the community and more than likely have one of the creator's NFTs already in your wallet. 


Airdrops are a way for the creators to give back to the community and keep the project alive and active.



Added : 4th May 2022, Author NFTCalendar.wiki