How to Mint Your First NFT

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Although there is no guarantee that making an NFT means yours is going to sell for almost $70 million like Beeple’s, non-fungible tokens allow anyone to express themselves artistically and capture their creations in limited edition, verifiably scarce digital collectibles as works of art. As NFTs become more popular and more artists and creators use them as a medium and means of distribution, it is becoming easier to create NFTs.

This creation process, known as ‘minting’, is becoming more straightforward as innovative developers build applications to mitigate the technical complexities. Through layer two scaling solutions, some platforms can even offer their users the ability to mint new NFTs without paying a network fee. Let’s go over how you can mint your own NFT, and all the steps you need to complete in the process.

 

Starting Your Journey

NFTs can represent essentially any type of digital file, with artists creating NFTs featuring pictures, videos, gifs, audio files, and mixtures of them all. There are also utility NFT tokens, which provide a good or service and contain inherent value coded within them, but we will focus on artistic NFTs for now.

There are quite a few choices concerning creating NFTs, and for most, it will begin with choosing their preferred network and NFT platform. This choice will also impact how you can transfer and sell your NFT, so make sure you choose wisely, or you may end up spending additional transaction fees moving around your digital assets. You can create NFTs on any platform with a non-fungible token standard, with the most common currently being Ethereum and Binance Smart Chain.

Once you have the file chosen that you want to use, you can move onto the next step — downloading and connecting a cryptocurrency browser wallet. This can be a wallet such as Metamask, WalletConnect, or Dapper. These wallets allow you to have a cryptocurrency wallet address that can interact with online applications, a necessary function when minting your NFT. Most browser wallets are Ethereum-based, meaning you will only be able to create on the Ethereum network, so if you want to mint an NFT on another network, make sure you have a usable digital wallet like Metamask, which offers multiple network integration capabilities.

 

The Production Process

After you set up your wallet and you have chosen the platform you’d like to create your NFT on, it’s time to begin minting. If you are minting an Ethereum-based NFT, the current most popular network to host NFTs, you will also need about $50-$100 worth of Ethereum to pay transaction fees. This is due to increased transactions on the Ethereum blockchain, clogging up the network and increasing user costs.

Some platforms offer the ability to create Ethereum-based NFTs without paying a fee to the network, but not every platform has implemented this type of layer two solution yet. With the launch of NFTrade, this will be a feature we will focus on, as we want to make it as straightforward and cost-effective as possible for anyone to create an NFT.

Some NFT platforms will make you sign up for a username and password to create, while others will only require you to connect your browser wallet to the application. Once you are logged in or connected, you can click on the ‘Create’ button that you can usually find on all non-technical creation platforms. The platform handles all the backend technicalities, making it simple for a user to launch their NFT intuitively.

When you click the ‘add new item’ or ‘create’ button, you will most likely have to sign off a wallet transaction that will let the application interact with your wallet address. You can sign this transaction freely; your wallet will always inform you before you have to pay any fee, so do not worry about being charged without your knowledge. At this point, you’ve pretty much tackled all the most challenging parts, and from here, it’s smooth sailing.

You can now upload your chosen file to the platform, give it a title, identify the external link to the item’s detail page (an optional way to present the owner with more information about the token), and provide an item description. If you are creating a gaming item, a generally more complex NFT creation process, you can also assign in-game attributes to your NFT at this stage. Finally, you input any additional unlockable content that the owner will receive upon purchase, decide how many copies you would like in the total supply, and click create.

Congratulations, you have now created your first NFT and are on your way to take the NFT world by storm. The NFT market has already grown drastically over the last few years, and it seems to be continuing in this direction as more people become aware of the capabilities and relative ease of you that NFTs offer.

If you are wondering how to store, sell, or exchange your NFTs, don’t worry — we will be covering that shortly, so stay tuned!

 

This guide has been brought to you by NFTrade, the first cross-chain and blockchain-agnostic NFT platform. NFTrade hosts the complete NFT lifecycle, allowing anyone to seamlessly create, buy, sell, trade, and leverage their NFTs across different blockchains. Using NFTrade, anyone can gain access to the entirety of their NFT, unlocking the full value of the NFT market.



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