Have you tried minting any NFT on the ethereum ecosystem lately? Trust me, its something really heartbreaking as NFTs I used to mint for $1 gas fees in the past have been increased to $10 or more. Few months ago, I was so hyped and really excited to be minting NFTs from the ethereum Blockchain because I consider NFTs on that blockchain as elite NFTs due to the gas fees required to mint them, this made me start minting NFTs on the blockchain. Although I never considered buying an NFT on the ethereum blockchain, because I couldn’t afford to pay a lot of money for these NFTs and still pay high gas fees. So I stuck with free mint NFTs on the ethereum blockchain.
There have been numerous cases of free mint NFTs turning out to be high valued NFTs, I dont mind taking my chances on such opportunities, so I decided to focus my NFT minting on free mint NFTs on the ethereum blockchain. But right now I miss those days when gas fee was low and was predictable, but right now, it is not predictable and is constantly on high rise. I used to consider 19 GWEI as a low gas fee level and 32 GWEI as a high gas fee level. But currently, its been days since the ethereum gas fee got to 19 GWEI, its ironic how 32 GWEI is the current low gas fee as I am seeing 50 - 102 GWEI. I was so disappointed when I wanted to mint an NFT and I saw the gas fee this high. What could be the reason?
Well, a lot of developments are going on in the crypto space and most of these projects are building on the ethereum blockchain creating their own roll ups, we have polygon building its own zero knowledge rollup called the Polygon ZkEVM which is still in the Ethereum Virtual Machine(EVM) ecosystem. Look at the optimism, Arbitrum, ZKSYNC and starknet ecosystem, probably relying on the EVM technology too. Well, this won’t stop me from minting these NFTs, because I have good feeling that these NFTs will be something in the future, I just have to keep waiting for the gas fees to get low.
