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I want to mint a set of NFT to a collection and then want to mint NFT one by one...what standard and procedure would be best in terms of tx cost would that be most efficient in this scenario?

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A highly efficient and recommended approach is utilizing the Candy Machine.

I recommend exploring the resources provided in the Metaplex docs:

https://docs.metaplex.com/developer-tools/sugar/tutorials/my-first-candy-machine

Have a nice a day.

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