Minting Fees

Minting product tokens on BlokTime

BlokTime is a peer-to-peer marketplace, so we never escrow or hold your items.

The BlokTime collection manager allows creators to make SmartContracts without any upfront gas costs, as the product token isn’t transferred on-chain until the first purchase or transfer is made.

SmartContracts made with the Collection Manager follow the ERC-1155 standard, partly to help with gas-free minting and partly to help us add exciting features in the near future.

Who pays the gas fees?

First-Time Sellers

If this is your first listing with BlokTime, sellers never pay a gas fee to setup their account. You can sign your digital asset with your web3 enabled wallet and display it in your collection with zero friction.

Returning Sellers

Sellers do not have to pay gas fees to "mint" each individual item until the item is sold. This is referenced as lazy minting, the product token is minted upon sale vs minted upon listing.

Sellers & Buyers

There are gas fees when the item is sold and who pays the fees, depending on transaction.

Buyers pay the gas fees when purchasing fixed-price items.

Sellers pay the gas when accepting offers.