Minting NFT means you are covering all the digital data into digital assets, and you can record the conversion on the blockchain. However, these digital products are stored in a decentralized database; remember, they cannot be edited, deleted, or modified after it has been stored in the distributed ledger.
Today, you will find several NFT marketplaces where you can easily mint NFTs. However, if you are a beginner and juggling with how you can mint on the different marketplace and learn everything about NFT, then you are at the right place.
Here is a definitive guide that will help you learn what NFT minting is, factors to consider while NFT minting and how to mint NFTs in a different marketplace. So have a look and learn in brief.
What is NFT minting?
Rending digital art to Ethereum blockchain as a public record is called minting, a process in which the NFT is added to the blockchain. With this, NFT assures that you can purchase or trade the NFTs in the marketplace quite effectively and flexibly. In this process, you can convert your digital file into crypto collectibles.
When you mint your NFTs, you cannot edit, delete or modify them once the file is stored in the blockchain. This whole process is called minting. However, several blockchains support NFTs, but here is a list of some popular ones-
- Binance smart chain
However, as per records, 70% of the NFT minting is done through the Ethereum blockchain. It is considered a top choice among digital art and connects creators and artists. Thus, NFT minting is quite similar to minting metal coins. Any non-fungible token can be minted and transformed into digital files they can purchase or trade through cryptocurrencies on the direct NFT marketplace.
Moreover, the creators need to schedule the royalties while minting. Remember, royalty is different for the different marketplace. It allows the person to earn a commission on the work they have traded. Moreover, you can mint NFT in two different ways-
- You can mint the NFTs directly on the project website
- Or you can mint NFT on different NFT marketplace
However, most projects will allow the creators and investors to mint their NFT collection directly on the website portal. Therefore, it depends upon you for what you need to go for.
How long does it take to mint NFT?
It isn’t easy to justify how long it would take to mint NFT. Thus, several factors contribute to the minting process, such as NFT platforms, tools, marketplace, and NFT renders. These all factors can certainly make the minting process relatively easy and reluctant.
The process includes installing the browser called Ethereum wallet or metamask wallet and then creating an account in the NFT marketplace. Now you need to convert the digital content of NFT and submit the file to the NFT marketplace.
You can also advertise your collections for sale by posting videos on social media platforms or YouTube. Now upload the file, mint it, and sell it. This whole work will determine the actual duration of minting an NFT.
Factors to consider while minting an NFT
Although minting NFT is relatively straightforward, there are certain things that you need to take into count. That is why; here is a list for you. Make sure you consider these factors before NFT minting to get an effective outcome.
1. Blockchain platform
As you can find so many of the blockchains that back up the NFT standard token, the question that comes to people’s minds is how to mint NFT? But to get effective results, choosing the best Blockchain platform is essential. Besides, if you are confused about which to choose, then here are some references for you.
- Binance smart chain
- Flow by dapper labs
These are some of the reliable blockchain platforms that you can pick from to mint NFTs.
2. Ecosystem of NFTs
Next, you should consider the awareness of NFT features on the blockchain if you are looking forward to an affordable approach to minting NFTs. You need to pick a platform that offers NFT sales and transfers via different blockchains. Thus, with each blockchain, the developer can determine the pros and cons of the NFT ecosystem.
3. Affordable platform
You will find several NFT platforms, as discussed earlier. But as a beginner, often, people look for NFTs for free. In that case, several popular platforms use blockchain to mint NFTs. These platforms allow the person to operate the biggest NFTs market and provide visibility to the buyers.
4. NFT marketplace
Finally, the most important and last factor to consider while minting NFT is selecting the right NFT marketplace. You will find many options like SuperRare, Rarible, mintable, OpenSea, etc., and you can pick any of them according to your need.
How to mint NFT directly on the project site?
Imagine there is an NFT collection baby boost that allows you to mint NFTs on the website directly. In that situation, you will use the project to figure out how you can mint on new NFT on the blockchain. Thus, to explain to you in brief and guide you to mint directly on the project site, here is a step-by-step guide for you. Follow it to learn how you can easily mint NFTs on the project website.
1. Find new projects that allow the investors to mint NFTs
First of all, you need to find new projects. You can find them on forums that are worked by the NFT community. It is essential to follow all the steps before spending any money.
2. Install metamask wallet
With crypto assets, it is essential to have a crypto wallet to mint or trade NFTs. However, you have plenty of wallet options to pick from, but the most popular and recommended one is metamask. You can download this wallet directly from the MetaMask website and install the extension on your browser.
3. Create a metamask account
If you have not sued metamask, then, first of all, you need to create an account on a crypto wallet. The process is straightforward and just takes a few minutes to process. Now follow the steps that are shown on the dashboard. Make sure that you write down each step of the seed phrase.
This will help you whenever you need to recover your wallet. However, if you have difficulty understanding how to create an account, search metamask creating an account and follow.
4. Add funds to your metamask wallet.
Without any doubt, an empty wallet is of no use. That is why; fund your wallet with cryptocurrencies before you mint NFTs. Besides, once you create the metamask wallet, you can also send the funds using the wallet address, which is located under the name in the top right corner.
For example, if the project is on Ethereum, you must add an ETH token to mint NFTs. Similarly, if the project is on another cryptocurrency, add them to the wallet. Additionally, make sure that you check the cost of NFT minting before you transfer any funds, and it will ensure you have enough money for the minting and the gas fee.
Connect your wallet to the project site
After you have created and funded your crypto wallet, it is time to connect your wallet to the project site and commence NFT minting. Click on the connect Metamask (Note- every button will be different for different projects).
Besides, you may not see the button in some cases until you click on the Metamask icon. The website will ask you to reload the page and enter your password to log in. Once you do so, you can easily connect your wallet to the website.
5. Select the number of NFTs you want to mint
Depending upon the projects, you have chances to choose the number of NFTs you want to mint. For example, in some projects, you can choose up to 20 NFTs, then the minting cost will be 0.5 ETH. Besides, you can choose the number of NFTs, but you do not have access to select the type of NFTs as they are generated randomly.
Additionally, if the project gets launched and becomes popular, you will earn much profit from the NFT marketplace. Once you have chosen the number of NFTs, you want to mint, click on the mint button and confirm your transactions through the wallet. A message will pop up saying your NFT minted is successfully processed.
6. Minting NFTs at the different marketplace
Minting of NFT marketplace is relatively easy, and you just need to learn how you can mint on different NFT marketplace. Thus, a guide explains how to mint on the most popular marketplaces (Rarible, OpenSea, and SuperRare).
How to mint NFT in OpenSea
Minting of OpenSea is quite simple. And you just need to follow this step-by-step guide, and you can quickly start minting your NFTs. So look and figure out how you can mint NFTs on OpenSea.
1. Connect your wallet to OpenSea
First, go to the OpenSea marketplace and click on the top right button. A wallet icon is available, and once you click on it, your wallet will connect. However, OpenSea supports different Ethereum wallets, such as MetaMask, Fortmatic, and Coinbase.
You can choose any wallet as per your need once you have selected the wallet. Next, you must follow the steps and confirm the connection to OpenSea.
2. Create NFT collection
You will find so many successful NFTs that are part of collections. Due to this, it is often recommended that you opt for multiple NFTs rather than single ones. Thus, to create the NFT collection, you need to click on the account icon (situated on the top right of the page) and click on my collection.
You will see an option of created collections. Click on create a collection and start building new NFT on OpenSea. Once you reach the created collection page, you need to add details related to your NFT collection.
- Image logo
- Image banner
- Features of image
- Picked category
- Royalty percentage
- Chosen blockchain to mint on
- Payment token
- The display theme on OpenSea.
After filling in all the information, click on creating the NFT collection and start building one.
Add Items to your NFT collection.
Once you have created your collection, it is time to add items to your NFT collection. You will see the add-on item option on the collection page. Click on it and start adding the items. However, on the new item page, you need to justify some basic details about your new NFT.
- Image, audios, videos and 3D model
- Properties or unlocked content
- Opted blockchain
- Freeze Metabase
Once you have specified all this information, you must click on create. In this way, you can easily create your NFTs quite easily. Thus, if you need to sell NFTs, then follow step 4.
Sell your NFTs
You will have a list of NFTs for sale to benefit from your digital art. This will include some best buyers for your collection that will provide you with high values. No doubt, an artist does not have any control over the market. It can be tricky, but developing the right strategy can help the artist successfully sell the NFTs.
However, to sell NFT, you first need to initialize your account. The gas fee can lie between $70 and $300; thus, it depends on the Ethereum marketplace you choose. In this way, you can sell NFTs through OpenSea. Additionally, following all these steps, you can easily mint NFT on OpenSea.
How to mint NFT in Rarible
Rarible is one of the most popular NFT marketplaces available, where you can mint NFTs quickly and easily. Thus, if you are looking forward to mint on Rarible, then follow the steps listed below.
1. Connect your wallet to Rarible
The first step you must follow is connecting your wallet with the Rarible. However, you must pick the right kind of wallet if you have multiple options you choose from. Thus, if you are new to Rarible, ensure you fill in all the details like your name, social media account, wallet details, etc. With this information, the community can quickly locate you. The best part is that you do not have to pay any gas fee for setting up your account with Rarible.
2. Create the NFT
On Rarible, you have three blockchain options available you pick from. These are Ethereum, flow, and Tezos. However, let’s see how you will mint NFT using the network. For that, click on create first and choose what kind of NFT you want to mint on (Single or multiple). Select the one that meets your need.
However, always remember you choose to choose an NFT that promises you better performance. For example, you have selected multiple NFTs. Then you need to tell all the information related to the collection, such as-
- The price
- Unlocked content
- Selected collection
- Who will pay for minting?
- Number of the copies
After you have shared all the information, you need to click on create an item to start minting on Rarible.
3. Mint NFT on Rarible
Now, when you have clicked on creating an item, the Rarible will offer you to mint the NFT on the blockchain. You must pay 2.5% of the gas fee at that time, ensuring that the minting is done successfully. Once you confirm the transaction, your NFT will be minted. Now you need to approve it and put it on sale.
How to mint NFT in SuperRare
SuperRare is a selective marketplace due to its artist. Thus, not everybody gets a chance to mint NFTs in this marketplace. As minting on requires you to be on a wish list. However, if you then follow the steps listed below to start minting on SuperRare.
1. Connect your wallet to SuperRare
The first step towards minting on SuperRare is that you need to connect your wallet with this marketplace. Thus, you need to go to the site of SuperRare marketplace and click on connect your wallet. You will find a sign-in option there. Click on t and choose the type of wallet. You have three options available-
- Wallet connect
You can choose any one of them according to your choice.
2. Apply for the artist profile
Once you have connected the wallet, scroll down to the bottom of the page, and you will find the “link” option. Click on it and submit your artist profile. After that, you will receive a form where you have to answer specific questions about the artwork of the artist you selected. This form will include-
- Link to the social media profile of the artist
- An introductory video from the artist
- The story behind the art piece After granting the artist rights on SuperRare, you can move forward and start NFTs using this marketplace.
3. Create NFT collection
After SuperRare has accepted you as an artist, you can quickly start minting the NFTs. Thus, you must highlight the details of the item you want to mint. It can include-
- Uploading the image or video files
- The title of the artwork
- The original creator
- Year of creation
Once you have provided all this information, click “issue token.” From this token, you can mint NFT on this marketplace. Thus, once your item is authenticated, the next you need to pay a gas fee to mint NFT. However, make sure you check down the Ethereum gas price.
Besides, you also have the option to customize your gas fee and pay a lower amount. But do it only if you are not in a rush to mint the NFT, which means it may take longer to mint NFT on the blockchain.
Your transaction will be confirmed once you have paid the gas fee. After which, the marketplace will pop up with the message of when the NFT has been minted and when it will be displayed on your website. Simple right!! These are just a few steps you need to take, and you will simply mint NFT on SuperRare.
What is the best platform to mint NFTs?
With the guide provided, a beginner can easily understand how to mint on NFT. Besides this, if you are looking forward to the best marketplace, pick one from the three most popular NFT marketplaces to mint on. However, these are just some recommendations.
There are several other marketplaces available as well. Besides, to ensure that you make the best decision, picking the right kind of NFT marketplace is essential. Many networks offer great support to NFTs, and most provide NFT minting.
Must read about How to Make Money with NFTs?
The final verdict!!
With the guide above, you know how to mint NFT on direct websites and the marketplace. Besides, consider the above factors as you can completely understand the process of minting NFTs.
It will ensure you do not choose the wrong marketplace or expensive platform. So if you are a beginner and want to learn about minting NFTs, this guide will surely help you. Take this in the count and start minting NFTs at ease.