The majority of fees that the users pay are gas fees. These fees go to miners on the network– every time you send an on-chain transaction. The Ethereum sent with your transaction gets included in blocks as a reward for miners who process transactions. The amount fluctuates according to the demand and congestion of the network.
The price also depends on the steps that are needed to execute the transaction. Transaction steps establish the gas LIMIT– it remains somewhat static for users of the network. Some wallets estimate the gas limits differently. However, typically, a transaction will only consume the amount of gas required to execute the steps.
The amount of gas to send ETH from one address to another is known to use a limit of 21,000. (also the minimum amount used for an operation)
The only fee Rarible includes are marketplace fees– only present during sales between market participants. (2.5%)
These fees get included to expand the Rarible platform, pay for development costs and incentivize future innovation of the protocol. There are no hidden fees during the creation process– only the standard fees associated with sending transactions on the Ethereum blockchain.
Burning Tokens or Transferring
If you transfer the token instead of selecting the burn option, then you should send it to a wallet address that you control. The receiver address is another Ethereum address otherwise known as the destination. Burning the token sends it to an address that no one commands and effectively 'deletes' the NFT.
Burned NFTs are sent to a '0' address also known as 'Genesis.'
It always costs ETH when you make transactions on the Ethereum blockchain. Transferring or burning the token is an equivalent transaction and will cost about the same. Rarible does not charge additional fees for the creation process or other typical transactions on Ethereum. The majority of fees on Rarible are blockchain fees.
Lazy Minted NFTs
Items minted with the 'lazy' feature of OpenSea are non put 'on-chain' until they are purchased. Because of this, those NFTs will not be viewable on Rarible until then.
If you want those items viewable on Rarbile, you must pay the gas fees and the mint the works. That way, they are accessible on the blockchain and can be viewed on Rarible– this applies to lazy minting done on any platform. The respective platform holds the data associated with your NFT 'off-chain.'
If you still need help, please click here