Cost to deploy ERC721 token to mainnet

veetwokay · April 6, 2021, 9:01am

Hi… Thanks for the article, it’s very useful and exhaustive… However, can you please indicate what’s the typical cost today (including gas fees) for deploying a custom NFT smart contract to the Mainnet??

abcoathup · April 6, 2021, 9:04am

Hi @veetwokay,

Welcome to the community

I recently deployed a simple ERC721 NFT (generated using OpenZeppelin Contracts Wizard: https://blog.openzeppelin.com/wizard) and with a gas price of 150 Gwei this cost ~ 0.4 ETH, with a cost of minting each token at ~0.1 ETH.

I would recommend determining the best time to deploy and mint using tools such as https://www.gasnow.org/

scotato · April 20, 2021, 9:23pm

Hi @abcoathup, thanks for the response, I had the same question! For the ~0.1 ETH per mint, is it possible to reduce this cost and pre-mint 100 tokens to one address as part of the contract deployment?

abcoathup · April 21, 2021, 2:41am

Hi @scotato,

You could create a batch mint to mint a batch of tokens to one address. I recommend trying it out on a public testnet.

scotato · April 21, 2021, 2:35pm

Thanks @abcoathup!

Does that require implementing an ERC1155 contract or is it possible just with an ERC721?

abcoathup · April 22, 2021, 1:07am

Hi @scotato,

You could do that with an ERC721