NFT Marketplace Cuts Minting Costs to 0.0037 SOL and Offers 0% Commission Amid Art Points Claims

The NFT marketplace is experiencing notable advancements with the introduction of more affordable minting options and a new rewards system, aimed at benefiting creators and digital art enthusiasts.

Cost-Efficient Minting: Metaplex Core has significantly reduced minting costs from 0.0220 SOL to 0.0037 SOL per NFT. This reduction makes it more accessible and cost-effective for creators to mint their NFTs, potentially encouraging more artists to enter the space.

Commission-Free Listings: Artacle, a platform dedicated to listing NFTs, has introduced a 0% commission fee. This is a stark contrast to OpenSea's 2.5% commission, allowing creators to retain a larger portion of their earnings. This move could attract more creators to Artacle, enhancing its competitive edge in the market.

Rewards System: Artacle has also launched a rewards program where users can earn Art Points by supporting digital art and paying royalties. The program has seen significant engagement, with notable claims including 226,865 Art Points by one user, 58,008 by another, and 41,834 by a third. This rewards system is fostering a supportive community around digital art and incentivizing active participation on the platform.

These developments reflect the dynamic nature of the NFT marketplace and its continuous evolution to better serve creators and collectors. By reducing minting costs and eliminating commissions, platforms like Metaplex Core and Artacle are making the NFT space more inclusive and rewarding for all participants.

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