Another1 (AN1) and Swappable joined forces with 23 industry leaders to create the world’s first Italian ‘phygital’ sneakers, becoming one of few pioneers in the Metaverse fashion space.
These limited-edition sneakers launch March 17 as an NFT collectible on the Polygon blockchain. We understand Polygon made be new for some users. But ultimately, we chose Polygon for the convenience of our community. You’ll find out why below.
Here’s a guide to easily mint on Polygon and avoid technical problems!
Much so like our Meta Chameleon, we too must be able to adapt in the face of adversity and remain agile in our approach to problem-solving. That said, we rallied to create a set of best practices and comprehensive video tutorials for all future drops so that we can guarantee standardized premium UX/UI experiences, no matter what!
NTR1-META Sneakers Available for ETH or USDC
Operating on the Polygon blockchain, NTR1-META sneakers will be available for purchase via ETH or USDC on March 17. If you plan to purchase through these methods, be sure to have MATIC (Polygon’s cryptocurrency) loaded up to pay for a very small gas fee.
Polygon gas fees are near-zero
The Ethereum network is known for its high gas fees when minting and selling NFTs. When users wish to sell NFTs on Ethereum, they must pay one-time and recurring fees. Specifically, users pay a fee to initialize their account and token contract approval fees.
Ethereum fees usually cost above $50 and can reach up to $350-$400 during busy periods. Since a significant payment is required in most actions on the Ethereum network, i.e., sell, accept, transfer NFTs, we decided to use the Polygon network for the NTR1-META Drop on Swappable.
To mint on Polygon, the standard fee is less than US$0.01 per transaction! This means our users will be able to enjoy a cost-effective NFT experience.
Transaction finality refers to the degree that a network transaction becomes non-reversible. By selecting a network with a fast transaction finality, we ensure that our users will not have any of their NFT trades being reversed.
Polygon is a Layer 2 solution that achieves a faster transaction finality than Ethereum. According to current metrics, Polygon has a transaction finality of approximately 2.1 seconds per transaction compared to Ethereum’s 13 seconds per transaction.
Polygon as a Layer 2 SolutionPolygon Technology
We support the efforts of the crypto community to develop scalable solutions that aim to tackle the inefficiencies of the Ethereum network.
It is no secret that Polygon is among the most promising Layer 2 solutions, operating on top of the Ethereum blockchain. Polygon achieves intelligent contract deployment and transaction efficiency with significant performance and cost benefits. These aspects allow users to seamlessly move digital assets from the Ethereum chain to Polygon.
We believe that Polygon will provide an overall smooth and efficient experience for our NFT enthusiasts. So let’s make sure you know how to mint on Polygon.
How to add Polygon to your Metamask Wallet
For users to be able to trade NFT collectibles on the Polygon blockchain, they will need to use a compatible wallet like Metamask.
Make sure you perform two simple steps to install Metamask on your device and add the Polygon network to your wallet.
You can download Metamask on Chrome, iOS, and Android devices here. Store your recovery (seed) phrase in a safe place. If any malicious party compromises the phrase, you can lose wallet funds.
A Metamask wallet initially supports only the Ethereum network. For users to be able to interact with the NTR1 META collection, they need to integrate the Polygon network via the following simple procedure:
Just validate, and Polygon will automatically be added to your Metamask wallet! Your address is the same as your ETH address.
How to get MATIC on Metamask for the NTR1 META launch
We launched the NTR1 META collection on Polygon for users to enjoy an experience with minimal fees on a secure, scalable platform. To mint on the Polygon network, users must add MATIC to their Metamask wallet. MATIC is the native currency of the Polygon network. Upon adding Polygon to your Metamask wallet, you can add MATIC funds via the following options.
Option 1: Swap other cryptocurrencies to MATIC
If you own other cryptocurrencies on your Metamask Wallet like Ethereum, USDT, etc., you can easily swap them to MATIC via a bridge like Uniswap, AnySwap, and Cross-Chain.
How to use AnySwap:
After the bridge to the Polygon chain, the users must swap the tokens for MATIC, using a decentralized exchange that supports Polygon like QuickSwap.
* Since you do not have MATIC in your wallet when you receive your bridged tokens (USDT in our example), you need to get some to validate your Switch. We recommend using the Polygon Gas Swap to swap a few tokens for MATIC, which are enough to pay switch fees, and it will allow you to do a low-value swap without paying MATIC Fees.
Option 2: Transfer MATIC from an exchange to your Metamask wallet
Many exchanges allow you to hold MATIC and withdraw them to an external address. A comparison of withdrawal fees among exchanges with MATIC can be found here.
Depending on the user interface of each exchange, please perform the following actions to buy MATIC from an exchange and transfer them to your Metamask wallet. If you do not have an account on an exchange, choose one from the list below and sign up.
How much does it cost to mint 10000 NFTs on Polygon?
Solana is one of the blockchains that can cater to the creation of 10,000 NFTs. While the platform previously charged only 0.21 cents per NFT, its current fee to mint a single NFT stands at $2.16. At this rate, the cost of minting 10,000 NFT will be over $21,000.
How much does it cost to mint an NFT on Matic?
The simple answer is minting an NFT could cost between less than $1 and $1,000 depending on the platform, the network congestion, the listing fee paid by the artist, and other possible transaction fees or transaction costs.
Is Polygon good for NFT?
Polygon is the best blockchain to launch an NFT project with high-frequency and low-value transactions. On the other hand, ETH is the best blockchain NFT project with low frequency and high-value transactions. Hence if you are launching between 7,000 to 10,000 NFT arts, I'll suggest you consider launching on Polygon.
How do I Mint a Polygon in NFT collection?
Connect Metamask to Polygon's Mumbai testnet and select it in the dropdown menu. We will use Polygon's testnet to mint our NFT as it's free of charge. Receive MATIC token to your wallet by using the faucet. Select the Mumbai testnet and paste your wallet address from Metamask into the form.