# The Low-Cost Mint Meta *Author: Bankless* *Published: Oct 18, 2024* *Source: https://www.bankless.com/fr/low-cost-mint-meta* --- [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Group-649--2-.png)](https://www.bankless.com/sponsor/cartesi-1713304933?ref=fuel-l2-nfts&email=true) The Low-Cost Mint Meta Published on Oct. 18, 2024 [ View in Browser ](https://www.bankless.com/metaversal) --- [**Sponsor: Cartesi**](https://www.bankless.com/sponsor/cartesi-1713304933?ref=fuel-l2-nfts&email=true) — Discover the power of Linux for your ambitious dApps, only on Cartesi. [Visit cartesi.io to learn more](https://www.bankless.com/sponsor/cartesi-1713304933?ref=fuel-l2-nfts&email=true) .  .  . NEWS ROUNDUP The Low-Cost Mint Meta ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/10/image---2024-10-18T134028.439-1.png)**The a16zcrypto team just published their State of Crypto 2024 report, and therein noted that better infra is unlocking new onchain applications. ** The authors [said](https://a16zcrypto.com/posts/article/state-of-crypto-report-2024/): > Take NFTs, for instance. When crypto transactions were much more expensive a few years ago, people were trading NFTs on secondary markets for large sums totaling billions of dollars. That activity has since subsided, and in its place has risen a new consumer behavior: minting low-cost NFT collections on social apps like Zora and Rodeo. For example, consider Yuga Labs' infamous Otherside mint. Not only did each plot deed cost ~$6,000 to mint, but the massive interest also caused major congestion on Ethereum, sending transaction fees skyrocketing across the network. However, since then blockspace has exploded atop Ethereum, with more than 100 Layer 2s now offering fast and cheap transactions. They're only going to get cheaper, too, as the Dencun upgrade recently showed us. This shift has made it easier to buy and create and collect NFTs. But it's also come alongside a cultural shift here. Except for cryptoart and the very largest PFP collections, many people have migrated away from NFTs as expensive and exclusive luxury goods with huge secondary markets toward approaching them as affordable and accessible digital memorabilia collected non-speculatively. Accelerating this trend has been the rise of open edition mints (come one, come all) and the rise of onchain social (Farcaster, Lens, Zora, etc.). L2s under the hood bring it all together. When I want to [collect a post on Rodeo](https://rodeo.club/@wmp.eth/minted), it costs me ~$0.25 in ETH, which I don't think twice about. For the foreseeable future, I expect we'll increasingly see NFTs becoming more integral components of digital identity and onchain social interactions. I don't mint a Rodeo post at $0.25 to flip it. I do it to express my taste onchain and supportively connect with a creator I admire. The "luxury" NFT category will always exist and is still compelling in various ways. It's just that its prominence has subsided as tech advancements and cultural shifts have made participation around NFTs more accessible in general. And that's a good thing! ### **📰 General news** - **Coinbase **unveiled [Instamint, an AI art generator](https://x.com/yugacohler/status/1845912198624764020) - **ethOS **opened [preorder mints for its upcoming dGEN1 everyday carry](https://x.com/EthereumPhone/status/1846978884295688407) - **Magic Eden** added [an "NFTs with memecoins" discovery hub](https://x.com/MagicEden/status/1846691627198226638)[ ](https://twitter.com/punksOTC/status/1798093880711155918) ### **🎨 Cryptoart & music** - **BasePaint** is creating [a storybook over 5 consecutive daily paints](https://x.com/ticklishart/status/1846963998941454744) - **Coop Records** released [a new streamlined onboarding flow](https://x.com/Cooopahtroopa/status/1847058803570667848) ### **🏆 Digital collectibles** - **Claynosaurz** rolled out [the Claynosaurz Shop](https://x.com/Claynosaurz/status/1846221460500894137) - **Chonks **announced [its upcoming mint will be a 24-hour open edition](https://x.com/backseats_eth/status/1845638195129590250) - **Gremplin **hit [+50,000 mints on his new Ticker Treats collection drop](https://x.com/gremplin/status/1846311426748547264) ### **🎮 Decentralized gaming** - **0xDEAFBEEF** announced [Movable Type, an experimental onchain word game](https://x.com/_deafbeef/status/1845872927368995232) - **Axie Infininty** reintroduced [Axie delegation](https://x.com/AxieInfinity/status/1846811207795462399) - **Biomes **deployed [its alpha release](https://x.com/biomesAW/status/1847269203419820151) - **Cartridge **rolled out [a VRF solution for randomness in onchain Starknet games](https://x.com/cartridge_gg/status/1846534561934786983) - **Duper **is launching [its Season 3 gameplay on Abstract](https://x.com/playduper/status/1846584441189392424) - **Immutable zkEVM** is [now open to all developers](https://x.com/Immutable/status/1846675326098985433) - **Treasure **unveiled [its latest testnet, Treasure Topaz](https://x.com/Treasure_DAO/status/1847012586145116585) - **VanEck **has made [a long-term investment into Parallel's $PRIME token](https://x.com/GabeRabello/status/1846627157788741719) ### **📱 Onchain social** - **Enjoy** has reached [+10 billion $ENJOY tipped](https://x.com/enjoytech_/status/1846657772404068745) - **Ethereum Follow Protocol** is nearing [10k unique list minters](https://x.com/BrantlyMillegan/status/1845893796552495171) - **Towns **has powered [+5,000 paid group chats and counting](https://x.com/benrbn/status/1846621962337993020) - **Zora **now facilitates [over 95% of minting volume in the onchain social scene](https://x.com/js_horne/status/1846616045471006846) ### **🪙 NFTfi ** - **ApeCoin** upgraded [its $APE token to LayerZero's OFT standard](https://x.com/LuckyTraderHQ/status/1846993304212459724) - **Abstract **is integrating [Reservoir for aggregated NFT liquidity](https://x.com/AbstractChain/status/1845942687175762258) - **Infinex **is hosting [its Patron NFT distribution event next week](https://x.com/infinex_app/status/1846929433871172060) ### 🌐 **Virtual Worlds** - **Decentraland **published [its new whitepaper ahead of its upcoming beta launch on Oct. 22nd](https://x.com/decentraland/status/1847081741191688222) ---