Price for minting on Statemint

[yangwao]

Wong claims minting one million uncompressed NFTs can cost over $250,000 or 12,000 SOL. With state compression, that number is expected to drop to $110 or 5 SOL – a 2,400-fold reduction.

Wong claims minting one million uncompressed NFTs can cost over $250,000 or 12,000 SOL. With state compression, that number is expected to drop to $110 or 5 SOL – a 2,400-fold reduction.

1000000 NFTs $110 or 5 SOL

1 SOL - $25 at writing this

The ideal competitive price for Statemint would be $100/1000000 NFTs -> $0.0001 per item. -> 0.0005 DOT for one item?

Ref

• https://dailycoin.com/solana-cuts-nft-minting-costs-by-over-2400x-heres-how/
• https://twitter.com/solana/status/1643972968433975296