The art of creating and owning it exclusively gave NFT the instant recognition it deserved since it was first introduced. Not only do you own what you create, but you also stand to earn royalties from your artwork!
The fungible aspect of the NFTs and the fact that it is stored on the decentralized blockchain ecosystem do not let them become duplicable. But how do you create an NFT?
Did you know? Creating an NFT is referred to as ‘minting’ an NFT!
Simply put, once you create an NFT, a cryptographic key gets generated and stored on the blockchain network you are using. That key is your proof of work and also the key that lets you do what you want with your NFT.
Without further ado, let’s take a quick scroll through how to mint an NFT.
Additional Read: NFT Gas Fees Explained
How to Mint an NFT?
Now that you have a grasp of what minting an NFT exactly is, below mentioned are the steps that you need to follow to start minting NFTs.
Note: The process may vary a little on the basis of the marketplace in which you will choose to host your NFT in.
However, the steps mentioned are in some way applicable to any marketplace you select:
- Create an account in a crypto exchange
- After joining, make sure to transfer funds and create a crypto wallet
- Send Ether(ETH) to your wallet
- Sign up on your choice to the NFT marketplace and link your wallet
- Enter your email address and user name
- Create and verify your account
- Look for the Create button within the marketplace
- Upload your NFT in the supported format
- Name your NFT
- Click on Create!
You’ve done it! Now all you have to do is list your NFT on the marketplace.
Steps on How to Mint NFT on OpenSea
While talking about minting your own NFt, the first platform that comes up is OpenSea, the biggest NFT marketplace there is. It is a good place for you to start your NFT minting journey. It is a pretty straightforward process that you need to follow.
Here are the steps to help answer how to mint NFTs on OpenSea.
Step 1: Create an account on OpenSea
Step 2: After creating an account, connect your crypto wallet to the OpenSea account
Step 3: Once logged on, you will be taken to a page called ‘My Collection’ where you can choose the type of NFT you want to mint.
Step 4: After selecting your choice of NFT, you will then need to put in some information about your NFT. These include options for a name, description, and an image of your token. You also have the option to include social links if you want to.
Step 5: Following the uploading of all the required information that is asked, you need to click on the ‘Mint’ button to mint your NFT.
That is it! You have successfully minted your NFT!
Benefits of Minting NFT
Interested in creating an NFT of your own? Seeing so many NFT projects being launched got you interested in showcasing your artwork to the world? No matter what piqued your interest in this space, there are benefits in venturing into the NFT world, here’s why:
- Firstly, since they are digital, there is no need to worry about shipping and transfers of the artwork.
- One other benefit that NFTs being digital brings to the table is that they are comparatively easier to create. The two things that you require is a digital file of your work and a blockchain platform to host your art.
Risks of Minting NFT
Being related to the crypto asset space, a few risks are also associated with minting NFTs. They are:
- Being a digital key, it is quite possible to lose the private key, which is your access to your NFTs. If that is lost, you lose access to your creation.
- If mistakes like deleting your NFT happen, there is no way to recover the NFT for you.
- Being digital, NFTs are devoid of the known scams and fraudulent attacks that take palace on the internet.
Read More: Top NFT Tokens in 2023
Top 5 Platforms to Mint NFTs
There is no shortage of platforms that has a space for you to create and mint your NFTs. However, we have compiled the top 5 platforms that you can explore to suit your needs for creating NFTs.
|NFT Minting Platforms||Description|
|OpenSea||The oldest and the largest platform for NFTs. Its easy approach to minting an NFT makes it the top choice for creators.|
|Rarible||Introduced in 2020, Rarible allows creators to create their own rules, interact with their fans, and so on. This led the platform to quickly become one of the more popular NFT platforms.|
|Foundation||This platform aims to change how we experience and create or buy art. Creators can choose the price of the NFT on their own and retain full ownership. However, this platform does charge a 20% commission on all sales.|
|Mintable||Perfect for people who are new to minting NFTs, Mintable is a simple decentralized platform.|
|Nifty Gateway||Built on the Ethereum platform, Nifty Gateway offers a platform where you can buy, sell and giveaway NFTs for free. What sets apart this platform is that they allows free giveaways to people who owns its utility crypto token NIFTY.|
The timing of minting an NFT depends on individual to individual and how they mint their NFTs. The cost of minting NFTs depends on the gas fees, the blockchain fees, the account fees and any other fees that the minting platform charges the creator. The easiest way to mint in NFT is to open an account on OpenSea and follow the steps till you click on ‘Create’ to get your NFT! Minting an NFT is free, apart from the fees charged by the marketplace and the blockchain you use to create the NFT.
How long does it take to mint an NFT?
How much does it cost to mint 1 NFT?
What is the easiest way to mint an NFT?
Is it possible to mint an NFT for free?
The timing of minting an NFT depends on individual to individual and how they mint their NFTs.
The cost of minting NFTs depends on the gas fees, the blockchain fees, the account fees and any other fees that the minting platform charges the creator.
The easiest way to mint in NFT is to open an account on OpenSea and follow the steps till you click on ‘Create’ to get your NFT!
Minting an NFT is free, apart from the fees charged by the marketplace and the blockchain you use to create the NFT.