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What are 'gas fees' or minting fees?

'Gas fees' are transaction fees in the Ethereum blockchain. When you make transactions, such as buying an NFT, you need enough ETH in your wallet to cover the purchase itself and the associated 'gas fees'. The 'gas fees' allow your transaction to be recorded on the Ethereum network.

The price of these is volatile and fluctuates based on the supply of miners capturing the transaction relative to the demand of consumers making transactions. Users enter the price they want to pay and a suggested price is always displayed by the wallet you use to execute the transaction (e.g. Metamask). If the 'gas fees' are higher than what you have indicated you want to pay, your transaction may fail and the 'gas fees' are lost without confirming the transaction.

'Gas fees' are paid to Ethereum. 'Gas fees' that are lost cannot be refunded. If you proceed, you do so at your own risk.