If youâve been following our NFTs series, youâll know that weâve basically hit all the marks. And now, itâs time we talk about how to mint an NFT – aka how to create NFTs.Â
But, if you donât already know what weâre talking about, let us explain. With the NFT craze taking over the world, weâve taken it upon ourselves to share the knowledge. Joining the world of the non-fungibles can be scary (and confusing!), especially with all the scamming and rug pulling. So, proper guidance is in order. Also, why go through all the lengths to search for things separately when you can find them all in one place?
Therefore, if you wanna learn all about NFTs – creating, selling, buying, trading, smart contracts, and more – we got you! Just click on the button below to get all our guides (FREE of charge) and join the hub of NFT enthusiasts.
HOW TO MINT AN NFT
So, before we get into NFT minting and how to create NFTs in general, we have to clear one thing. Wanting to learn more about making your own nun-fungible means that you have to have the basic knowledge of NFTs.Â And no, having âheard of themâ or âsaw them on my IGâ does not suffice. Youâve got to really understand what weâre talking about here. Think of it as a prerequisite course you gotta take at school.
Therefore, if you donât already have that basic knowledge, we recommend you read this guide on everything NFTs. It will give you a general idea of what they are, how they work, and how theyâre making people money.Â
I. WHAT IS NFT MINTING?
The process of learning how to mint an NFT begins with understanding NFT minting. So, WHAT IS NFT MINTING?
NFT minting is the process of turning a digital file into a token using cryptography. This includes any type of asset that can be stored on the blockchain. Therefore, when you mint an NFT, you create a new block on the blockchain! Once you convert your digital file into a crypto collectible, it is impossible to delete, edit, or modify it.Â
When you mint your non-fungible token, it is stored on the blockchain forever. To make things even more clear, weâll give you a real-life example. During the process of actual metal coin creation, the coins are minted or stamped, then put into circulation. Thus, non-fungibles are âstampedâ, and then turned into crypto assets.Â
II. HOW LONG DOES NFT MINTING TAKE?
Also, another part of learning how to create NFTs is time estimation. How long does it take to mint an NFT?
During the NFT minting process, creators can schedule royalties for every upcoming sale. This means that they can receive a commission whenever their work is sold or traded to another on secondary marketplaces. So, playing around and deciding on the terms of your minting might take a little time.
Other than that, timing depends on the platforms, tools, and marketplaces of your choice. In other words, the actual NFT minting takes as much time as it would take to upload videos on YouTube. Or the time it takes to list items on eBay or Amazon. Basically, it depends on your internet speed.
III. DOES MINTING COST MONEY?
Everything costs money! Learning HOW to create NFTs or how to mint an NFT does NOT cost money. However, the actual process certainly does. When you create your non-fungible and store it on the blockchain; youâre using smart contracts. Whenever you do anything on the blockchain (buy, sell, trade, or create) you have to pay a âgas feeâ.Â
Gas fees range anywhere between $50 to $200 depending on the âtrafficâ on the Ethereum network. Prices could differ depending on the NFT marketplace fees – check fees here. You can NOT mint an NFT for free. All you can do is choose the most affordable platform, or delay minting until gas fees go down.
IV. BEST WEBSITES TO CREATE NFTs
V. HOW TO CREATE NFTs
Finally, how to create NFTs. Now that youâve got it all down, hereâs how you can mint an NFT that you can use ANYWHERE. This is the most common way of NFT minting. It doesnât require any type of special coding skills or anything. Just follow the steps below to mint your own NFT!
- PICK YOUR NFT MARKETPLACE
Picking the marketplace is the most important part of minting NFTs. It makes a difference in the additional fees you might pay, minting process, and overall experience.Â
- CONNECT YOUR WALLET
When you sign up to your NFT marketplace, it will only be activated when you connect your Metamask wallet. You can build your profile after that. Make sure you have a funded wallet!
- CREATE YOUR UNIQUE ASSET
This is the first step in learning how to create NFTs. This part involves picking the type of asset you wanna create whether its artwork, trading cards, music, digital sneakers, or whatever!
- UPLOAD YOUR NFT
Find the âCREATE NFTâ tab on the marketplace, and upload your file. Assign a title, description, and even sale price.
- CLICK âMINT NFTâ & LIST FOR SALE
- APPROVE GAS & TRANSACTION FEES
After you pay the gas fees and approve any other transactions; your NFT minting automatically starts. And so, youâve learned how to create NFTs! During this time, the smart contract executes a code to implement your newly minted NFT on the blockchain!
Congrats, youâve just made your mark in NFT history! Youâve just learned how to mint an NFT! Happy minting!