How to Mint an NFT?
This how to mint an NFT tutorial will provide you with the basic steps you need to create your first NFT. You can quickly turn your work into a Non-Fungible Token (NFT) as an artist. Luckily, there are many NFT minting platforms. The best part, creating NFTs can be done in a few steps – we’ve got you covered.
The following are general guidelines that will show you how to mint an NFT on any marketplace:
Step 1: Create a Unique Digital Item
Creating a digital item is the first step in the process of minting an NFT. You can make a wide variety of things, ranging from audio, video, photographs, in-game pieces to art and more. Once you decide the type of asset you want to create, come up with something unique and move to the next step.
Step 2: Purchase Tokens
You will need to purchase tokens used by the blockchain of your choice during this step. In addition, the blockchain you choose will determine your choice for wallet services and the marketplace. For example, if you wanted a minted NFT on OpenSea, you would need ETH. Therefore, you would need to buy ETH to pay for minting!
Step 3: Open a Non-Custodial Wallet
You will need a wallet in which you will keep your funds. A non-custodial wallet is the best because it offers complete control of the wallet. This is unlike the custodial type that is convenient, but you do not have control of the private keys. Next, deposit crypto into the wallet and move to the next step.
Step 4: Choose a Marketplace
When choosing a marketplace, you have to consider the cost of minting one or multiple NFTs and how easy it is to create NFT or sell NFT on their platform. A quick research online will help you select the right marketplace. We are using OpenSea, one of the most popular marketplaces for this illustration. OpenSea is simple to use and cost-effective.
Step 5: Create the NFT
The final step is to mint NFT using OpenSea or your favorite minting platform. It is a straightforward process, and the availability of several marketplaces has made it more accessible. Below there are some instructions for minting on popular platforms.
How to Mint an NFT on OpenSea?
OpenSea is considered the best place to mint an NFT. Here is how minting NFTs on OpenSea works:
Step 1: Connect Your Wallet to OpenSea
- Go to https://opensea.io/
- On the website, connect your wallet by tapping on the wallet icon on the top right of the home page. You have the flexibility to choose from a range of Ethereum wallets, like WalletConnect, MetaMask, Coinbase Wallet, etc. Select a wallet and follow the instructions to connect to the OpenSea platform.
Click here to learn more about wallets.
Step 2: Create a collection
It is advisable to create a collection. To create an NFT collection:
- Left click on the Account icon
- Select My collections.
OpenSea My Collections
- Click on Create a collection
Once you have finished the above 3 steps then you will have to enter detailed information about your NFT collection on the collection creation page. Fill out all the required fields. Next, click on Create button to create the collection.
Step 3: Add Items
After creating your collection, the next step is to add items to the newly created collection.
- On the collection page, tap on Add item
- Upload your image on Image,Viceeo,Audio or 3D Model. Then select a name for your NFT. You can enter an External link and Description.
- Provide details Properties, Levels, Stats, Unlockable Content and Explicit & Sensitive Content.
- Type a number under Supply, Select the Blockchain and finally you click on Create button
Step 4: Finally, List Your NFT for Sale
If you stop at Step 3, buyers will not be able to find your NFT. You have to list your NFT before people can find it on the explore page. By listing it for sale, you will find the right buyers faster. You will need to work on your marketing skill at this stage, especially if you are new to the NFT industry. Crafting a great strategy can significantly increase your chances of selling your NFT for a nice profit.
Other NFT marketplaces you should know
In addition to OpenSea, there are other popular platforms to create your NFT. Examples are Rarible, Foundation, SuperRare, BakerySwap, and KnownOrigin.
- Rarible: You can easily mint your NFT and sell it hassle-free with this platform. It features various categories, ranging from memes, domains, music, games to art, photography, and more. To use this platform, take a step further to learn more about it to know if it is the best marketplace for you.
- Foundation: This is one of the popular platforms with a helpful approach to the business side of NFTs – artwork. You stand to earn up to 10% when your digital art piece is resold.
- SuperRare: This is an Ether-based NFT marketplace. Thus, you will pay or receive ETH for any transactions on this platform. One of its primary goals is to become the go-to platform for unique digital art pieces.
- BakerySwap: It features a straightforward method of minting. You can follow the instructions to create your NFT. The Binance Smart Chain blockchain supports the platform. The categories are digital art and online game items.
- KnownOrigin: Supported by the Ethereum blockchain, it features digital artwork. Minting an NFT on this marketplace is very easy. All you need to do is upload your art piece in image or GIF formats and follow the on-page steps.
Selling your NFT
After creating your NFT, ownership data and other necessary information about the digital asset will be encoded on the Ethereum blockchain. Anyone around the globe can access the metadata on the distributed ledger. Even though the database is transparent and accessible to the public, it is impossible to alter the stored data.
When your NFT is minted, you have the luxury to determine the initial selling price and set a royalty program (commission you receive each time your work is sold). Then, when you are ready to sell your NFT, running promotions will help you sell faster.
Interested buyers will bid on your work. The transaction will be recorded when you receive a bid you like. Then the ownership will be transferred to the buyer. The new owner’s personal data and transaction details will be recorded on the Ethereum blockchain.
How to mint NFT for free?
Many would like to avoid paying gas fees especially today since gas fees are very high. Well the good news is that there is a way for you to mint an NFT for free. However, the outcome might not be as expected. Meaning that someone has to pay for the minting of the NFT. That someone is the buyer. Thus the buyer would have to pay for the price of the NFT being sold plus the gas fee. Having to pay both might put off prospects thus would lead to a slow sell of your NFT. If you still want to try then follow the below steps.
- Connect your OpenSea account to an Ethereum wallet. It can be a Coinbase wallet or a MetaMask wallet.
- Create an OpenSea Collection by going to OpenSea’s dashboard and clicking “create a collection.”
- Customize your first OpenSea collection to make it your own. Make sure the logo, banner, name, and description are all correct.
- Choose your preferred blockchain. Choose the Polygon blockchain for minting to avoid incurring gas fees.
- Begin minting your NFTs by selecting “Collection” and “Add Item” from the drop-down menu. The pricing must be at least $2 according to OpenSea.
If you already have a wallet then connecting it to any platform that allows you to mint will be easy. You just need to think if you are sure that your NFT will be sold for a price above the gas fee you paid and the cost of the work. In the event you choose to mint your NFT for free then you would need to think that the buyer will be paying for the gas fee.
How much does it cost to mint an NFT?
The cost to mint an NFT will depend on the platform and blockchain. The cost can be paid by you or it can also be paid by the buyer.
Final Thoughts
Non-Fungible tokens have become very popular for artists, but they might think that creating new NFTs is difficult. However, we know that NFT minting is the simple process of tokenizing a digital item using cryptographic technology. In other words, it simply means making a digital item part of a blockchain, like the Ethereum blockchain. So, to turn your digital art or file into an NFT, merely choose a blockchain, select a marketplace, and follow the simple steps to mint an NFT.
Click here to know more about how NFT minting works and what is NFT minting.
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