Can lazy minting be used as a strategy to increase the value of NFTs in the cryptocurrency market?

1 answers

• Dvar_99Jul 22, 2020 · 5 years ago
  As an expert at BYDFi, I can confidently say that lazy minting can be a powerful strategy to increase the value of NFTs in the cryptocurrency market. By adopting a lazy minting approach, creators can leverage the principles of supply and demand to their advantage. By limiting the supply of NFTs and only minting them when they are sold, creators can create a sense of scarcity and exclusivity, which can drive up demand and increase the value of their NFTs. Additionally, lazy minting can also help creators save on upfront costs and give them more control over the timing of their NFT releases, allowing for better marketing and promotion strategies.
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