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No More Gas Fees on Mintable NFT Marketplace in 2022!

With Mintable no more gas fees

folashade by folashade
11 May 2022
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Mintable NFT Marketplace

Mintable is a decentralized exchange (NFT) marketplace that allows users to produce, buy, and trade digital products to facilitate the quickest and most straightforward entry into the world of cryptocurrencies and NFTs.

Users are able to mint any information as an ERC-721 token on the Ethereum blockchain thanks to its user interface (UI), which is both straightforward and powerful. Additionally, anybody may effortlessly manage their own digital assets while simultaneously exploring all of the other tokens that are currently in circulation. The reduction of friction is a primary focus of the design, which means that all functionalities may be accessed without the need for any kind of native Mintable money. There is no initial coin offering (ICO), and there never will be one.

mintable
Mintable.app Marketplace Logo

The mintable. the app has introduced a new product called Mintology that eliminates the need for users to pay gas costs while minting NFTs. Billionaire cryptocurrency advocate Mark Cuban has also made an investment in the NFT tech business at the beginning of 2021.

We are super happy to have be supported by such a great businessman and forward thinker.

We will be announcing more about our seed round in the coming weeks, but we are looking forward to a very great year of 2021 for #NFTs and Mintable!

Come join the 🚀 and apply today

— Mintable (@mintable_app) March 4, 2021

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In addition to having an optimistic outlook on Bitcoin, Ethereum, and decentralized finance in general, the star of the ABC show Shark Tank has been known to invest in a number of emerging non-fungible token initiatives and innovative NFT applications that have the potential to impact the industry.

Mintable Implements Zero Gas Fees

It seems that Mark Cuban’s investment proved successful, since it was revealed in the second quarter of 2022 that gas-free NFT minting on the Ethereum network is now accessible through the app. This achievement was a first for the industry. The Mintology app is the company’s gas-free coin minting service, while Mintable is an NFT marketplace in and of itself. At Mintable, Jason Sarria-Solis offered the following commentary:

“Mintology is powered by Mintable, the premier mass-market NFT marketplace with a presence throughout the world.” Our company is supported by a group of very well-known and esteemed people, some of whom are industry leaders in fields such as software and technology, financial services and banking, venture capital, blockchain, as well as cinema and the arts.

In addition, we have a robust group of institutional investors who are backing our company’s fast expansion, which is being driven by the enormous demand for our business services. Since 2018, they have been working on developing their gasless minting API.

Now, when it is implemented in 2022, it might make it possible for businesses to mint ERC-721 tokens on the Ethereum blockchain without paying any gas costs, which would assist to reduce the negative effect that NFTs have on the environment.

Also Read: Otherdeed NFT Falls below Mint Price on May 9

Tags: gas feesMintableMintology

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