Contents
- The ERC721i “Infinite” standard allows the embossing of millions of NFTs for negligible cost
- “Cheapest NFTs on the Market”
NFT Devs Unveiled Preminting Million NFTs for $ 2; This is how
Vladislav Sopov
Rob Secord of Charged Particles protocol reveals how NFT enthusiasts can lower coin fees than ever before
Embossing non-fungible tokens (or NFTs) can be quite costly – especially when price volatility peaks catalyze gas tax increases. That’s why the Charged Particles protocol team decided to implement the new token standard.
The ERC721i “Infinite” standard allows the embossing of millions of NFTs for negligible cost
As explained by Mr. Rob Secord, co-founder of Charged Particles, the ERC721i (“Infinite”) standard is designed to allow the embossing of large drops of non-fungible tokens with dramatically reduced costs.
We just made 1 million NFTs for less than $ 2 🤯
We introduce: Infinite – ERC721i
Our co-founder of gigibrain @robsecord has done it again and innovated a brand new token standard that can make embossing obsolete.
Learn more 👇
– Charged particles (@DefiNft) July 15, 2022
To some extent, this technology does not work unlike existing “resource-efficient” NFT minting practices – Lazy Minting and Azuki’s Batch Minting. However, the ERC721i standard eliminates the need to pay high transmission fees.
To achieve this goal, the Charged Particles team decided to adjust the design to the ERC721 token standard developed by Open Zeppelin. In fact “ERC721Enumerable” contract should be rewritten, and the scope of _eiere and _balances entrances should be changed from private to internal.
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This adjustment makes it possible to imprint millions of NFTs with sequential token IDs.
“Cheapest NFTs on the Market”
Mr. Secord shared that this development can even be integrated with OpenSea and LooksRare, two leading marketplaces for non-fungible tokens. Sales of ERC721i NFTs can also be automated with the OpenSea JavaScript SDK.
As such, the new standard opens up opportunities for almost emotionless embossing of NFTs on Ethereum (ETH) and EVM-compatible blockchains:
The advantages of this method are quite obvious – super cheap embossing of NFTs! But there is more! The Pre-Mint method adheres very closely to accepted standards, and utilizes the popular OpenZeppelin framework as much as possible.
At press time, even given the super-low gas prices, NFT operations are charged $ 1.5 to $ 2 fees per token on all leading platforms, according to Etherscan tracking.
