How to Mint an NFT?

Introduction

The NFT market exploded in the year 2020. A visual artist Beeple, sold an NFT called "Everydays: the First 5000 Days" for more than $69 million. Many crypto enthusiasts get interested in the concept of NFT, they believe NFTs as the first step in transforming the digital representation of real-world assets. Therefore, more and more people are interested in NFT minting since the continuously increasing trading of collectors in NFT art and collectibles. If you mint an NFT and succeed in selling to someone, you can make some money. In this article, we will simply introduce the way to mint an NFT.

What Should You Do Before Minting an NFT?

Minting refers to turning the digital arts into a part of the blockchain as a public ledger. Then the arts (pictures, audios, videos, etc.) would be tamper-proof and immune to any modifications. In a way, it is like the process of "minting a coin". In short, "minting" means the addition of NFTs to a blockchain.

The process of minting is not that difficult as you think, but several certain factors you should take note of before beginning to mint NFT:

1.Blockchain Platform

When you decide to mint an NFT, the first thing you should consider is what blockchain you want to choose. Some of the choices that support the NFT token standard are listed as follows:

• Ethereum
• Binance Smart Chain
• WAX
• EOS
• Tezos
• Flow by Dapper Labs
• Cosmos
• Polkadot
• Tron

2.Transfer and Sales Support

You'd better choose the platform that is capable of supporting the transfer and sales of NFTs on other blockchains.

3.Prepare a Non-custodial Wallet

You should check the blockchain network your token( NFT) is built on. If it's an Ethereum token, you will need an Ethereum supporting wallet. If it's on Tezos, you'll need a wallet that supports Tezos. The most effective way is to check the introduction of the platform that you want to use for minting NFT, they always have a list of "Suggest Wallets".

4.NFT Marketplace

It is better to choose a platform with the function of minting and come with a marketplace. This way, you won't need to transfer your NFT to a different place after minting it. For Ethereum blockchain, some of the notable examples such as Rarible, Mintable, and OpenSea. Also, the marketplaces specific to Binance Smart Chain include Juggerworld, Treasureland, and BakerySwap. These marketplaces all with the functions of minting and trading.

What Is the Process for Minting NFT?

1. Creat a digital artwork. Try to make a piece of innovative artwork, it can be songs, gifs, 3D illustrations, games, and videos. NFTs aren't just limited to one format.
2. Purchase cryptocurrencies (Ethe, BNB, etc.). Minting art as NFT is the process of creating documentation on the blockchain, it could clearly showcase the wallet address as the creator of the work, a clear mark of ownership. In this process, you need to pay for the "gas fee". What kind of cryptocurrencies you pay for the gas fee are decided by the blockchain.

3. Creat and set up a non-custodial wallet. Choose and set up a wallet that can be used to connect to the NFT marketplace.
4. Transferring cryptocurrencies to the wallet. Before minting, you need to make sure the wallet has enough cryptos to pay the gas fee.

5. Choose the marketplace and create an NFT. Access the platform you choose and click the "create" button and upload the artwork. After minting your NFT, it goes into your wallet and allows you to sell it on other platforms. That means you can mint on one platform and sell it on another.

How to Mint NFTs on Rarible?

1. Access https://rarible.com/
2. Click "create" and "connect wallet"

3. Choose "single" or "multiple". Choose “Single” if you want your collectible to be one of a kind or “Multiple” if you want to sell one collectible multiple times

4. Choose "multiple " for example, then you can upload the file( artwork or any other pictures), input the name, and complete the rest of the information.

5. Click "creat " and pay for the gas fee on your wallet.

6. Minting successful. You can find it on "my mycollectibles", click the "sell" button, set up the price, your NFT will be listed on the marketplace.

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