How much does it cost to mint 1 NFT?

Inquiring minds want to know, just how much does it actually cost to mint a single Non-Fungible Token (NFT)? With the booming popularity of NFTs in recent times, understanding the financial implications of this digital asset is crucial. Minting an NFT involves not only creativity and ingenuity but also a financial investment. Could you elaborate on the various factors that determine the cost of minting an NFT? Is it a fixed fee or does it vary depending on the platform, rarity, and other characteristics? Furthermore, what are the potential hidden costs that one should be aware of before embarking on this journey? Answers to these questions would help investors and creators alike make informed decisions in the NFT market.