How Much Are NFT Gas Fees?

Written By: Mr. GasMan

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Navigating the world of Non-Fungible Tokens (NFTs) involves understanding the associated gas fees and the evolving Ethereum standards that govern them. In this comprehensive guide, we’ll explore typical gas fees for NFTs, delve into key Ethereum Improvement Proposals (EIPs), and shed light on the latest advancements in the NFT space.

Typical Gas Fees for NFTs

  • NFT Sales Gas Fees: $16 – $20
  • Mint a Collection of 10,000 NFTs: $500
  • Send NFT from One Wallet to Another: $8

Final:

EIP-2981: Token Standards for NFT Royalties

Finalized standard defining how royalties are handled for non-fungible tokens (NFTs) on the Ethereum blockchain.

EIP-4907: Royalty Standards for NFTs

Finalized proposal outlining standards for handling royalties in the context of non-fungible tokens (NFTs) on Ethereum.

EIP-4910: Royalty Bearing NFTs

Finalized EIP specifying standards for NFTs that bear royalties, ensuring proper compensation for creators.

EIP-4955: Vendor Metadata Extension for NFTs

Finalized standard introducing a metadata extension for NFTs to include vendor-specific information.

EIP-5006: Rental NFT, NFT User Extension

Finalized proposal extending NFT functionality to support user-related aspects, particularly in the context of rentals.

EIP-5007: Time NFT, ERC-721 Time Extension

Finalized extension for ERC-721, introducing time-related features for NFTs.

EIP-5192: Minimal Soulbound NFTs

Finalized proposal introducing minimal standards for Soulbound NFTs, ensuring basic functionality.

EIP-5375: NFT Author Information and Consent

Finalized EIP outlining standards for capturing and managing author information and consent for NFTs.

EIP-5489: NFT Hyperlink Extension

Finalized extension introducing hyperlink capabilities for NFTs, enhancing their connectivity.

EIP-5606: Multiverse NFTs

Finalized standard facilitating the creation and interaction of NFTs across multiple virtual universes.

EIP-5725: Transferable Vesting NFT

Finalized standard defining vesting functionality for transferable NFTs, introducing time-based restrictions.

EIP-6066: Signature Validation Method for NFTs

Finalized standard specifying the method for validating signatures in the context of NFTs.

EIP-6105: No Intermediary NFT Trading Protocol

Finalized proposal introducing a protocol for NFT trading without intermediaries.

EIP-6147: Simplified NFT Standard with Batching and Native Atomic Swaps

Finalized standard simplifying the NFT standard while introducing batching and native atomic swaps.

EIP-6150: Hierarchical NFTs

Finalized proposal outlining standards for hierarchical NFT structures, allowing for organized relationships.

EIP-6220: Composable NFTs Utilizing Equippable Parts

Finalized standard enabling composability in NFTs by utilizing equippable parts.

EIP-6454: Minimal Transferable NFT Detection Interface

Finalized standard introducing a minimal interface for detecting transferable NFTs.

EIP-6672: Multi-redeemable NFTs

Finalized EIP introducing standards for NFTs that can be redeemed across multiple platforms.

Last Call:

EIP-5496: Composable SVG NFT

In the last call stage, EIP-5496 introduces composable Scalable Vector Graphics (SVG) capabilities for NFTs.

EIP-5585: ERC-721 NFT Authorization

In the last call stage, EIP-5585 focuses on defining authorization standards for ERC-721 NFTs.

EIP-7231: Identity-aggregated NFT

In the last call stage, EIP-7231 explores identity-aggregated NFTs and their associated standards.

Review:

EIP-5521: Referable NFT

Currently under review, EIP-5521 proposes standards for referable NFTs, expanding ownership and referral dynamics.

Draft:

EIP-4883: Subscription NFTs and Multi Tokens

Description: Draft proposal introducing standards for subscription-based NFTs and multi tokens.

EIP-5173: Multi-privilege Management NFT Extension

Description: Draft EIP focusing on extending multi-privilege management capabilities to NFTs.

EIP-6682: NFT Flashloans

Currently in draft, EIP-6682 explores the concept of flashloans for NFTs, offering new possibilities for users and developers.

EIP-6786: Registry for Royalties Payment for NFTs

Draft proposal introducing a registry for managing royalties payments associated with NFTs.

EIP-7015: NFT Creator Attribution

Draft EIP addressing standards for attributing creators in the context of NFTs.

EIP-7085: NFT Relationship Enhancement

Draft proposal focusing on enhancing relationships between NFTs, potentially introducing new dynamics.

EIP-7496: NFT Dynamic Traits

Draft EIP proposing standards for dynamic traits associated with NFTs.

EIP-7498: NFT Redeemables

Draft EIP exploring standards for redeemable aspects of NFTs.

EIP-7507: Multi-User NFT Extension

Draft proposal introducing multi-user extension standards for NFTs.

EIP-7510: Cross-Contract Hierarchical NFT

Draft EIP focusing on hierarchical NFT structures spanning multiple contracts.

EIP-7513: Smart NFT – A Component for Intent-Centric

Draft EIP introducing smart NFT components designed for intent-centric interactions.

EIP-7548: Open IP Protocol Built on NFTs

Draft EIP exploring the development of an open IP protocol based on NFTs.

EIP-7590: ERC-20 Holder Extension for NFTs

Draft proposal introducing an extension for ERC-20 holders in the context of NFTs.

Stagnant:

EIP-3569: Sealed NFT Metadata Standard

Stagnant EIP focusing on a sealed metadata standard for NFTs.

EIP-3589: Assemble Assets into NFTs

Stagnant proposal exploring the assembly of assets into NFTs.

EIP-4341: Ordered NFT Batch Standard

Stagnant EIP outlining standards for ordered batches of NFTs.

EIP-4353: Interface for Staked Tokens in NFTs

Stagnant EIP proposing an interface for staked tokens within NFTs.

EIP-4393: Micropayments for NFTs and Multi Tokens

Stagnant EIP exploring standards for micropayments associated with NFTs and multi tokens.

EIP-4494: Permit for ERC-721 NFTs

Stagnant proposal introducing a permit mechanism for ERC-721 NFTs.

EIP-4885: Subscription NFTs and Multi Tokens

Stagnant EIP addressing subscription-based NFTs and multi tokens.

EIP-5050: Interactive NFTs with Modular Environments

Stagnant proposal exploring interactive NFTs with modular environments.

EIP-5185: NFT Updatable Metadata Extension

Stagnant EIP introducing an extension for updatable metadata associated with NFTs.

EIP-5218: NFT Rights Management

Stagnant proposal focusing on standards for rights management associated with NFTs.

EIP-5298: ENS Trust to Hold NFTs under ENS Name

Stagnant EIP exploring the use of ENS trust to hold NFTs under ENS names.

EIP-5501: Rental & Delegation NFT – EIP-721 Extension

Stagnant proposal introducing rental and delegation features as an extension of EIP-721.

EIP-5505: EIP-1155 Asset Backed NFT Extension

Stagnant EIP proposing an extension for EIP-1155, introducing asset-backed features for NFTs.

EIP-5554: NFT Legal Use, Repurposing, and Remixing

Stagnant EIP exploring legal aspects related to the use, repurposing, and remixing of NFTs.

EIP-5560: Redeemable NFTs

Stagnant proposal introducing standards for redeemable aspects of NFTs.

EIP-5604: NFT Lien

Stagnant EIP focusing on introducing lien capabilities for NFTs.

EIP-5625: NFT Metadata JSON Schema dStorage Extension

Stagnant EIP introducing a JSON schema dStorage extension for NFT metadata.

EIP-5633: Composable Soulbound NFT

Stagnant proposal exploring composable aspects for soulbound NFTs.

EIP-5635: NFT Licensing Agreements

Stagnant EIP addressing standards for licensing agreements associated with NFTs.

EIP-5643: Subscription NFTs

Stagnant proposal focusing on standards for subscription-based NFTs.

Withdrawn:

EIP-875: Simpler NFT Standard with Batching and Native Atomic Swaps

Withdrawn proposal simplifying the NFT standard while introducing batching and native atomic swaps.