Non-fungible tokens, or NFTs, are becoming increasingly common. People are paying a lot of money for these unique pieces of online artwork. In early 2021, one NFT created by the digital artist Beeple was sold for a staggering $69 million, while many other artists and designers have reaped the multimillion-dollar sales prices.
The potential for big money is leading more people to create NFTs in the hope of cashing in on the current craze. Here’s a step-by-step guide on how to make (i.e., mint) and sell an NFT.
As a developer, you have probably been pretty excited lately to see the NFT revolution unfolding. Soon, billions of digital assets will be adorning our blockchain avatars and Cyberspace decks. We can’t wait either!
But if your first thought was “how do I mint my own NFTs?” – welcome to this guide!
Minting NFTs is one of the easiest ways to start creating them, and we want to make minting NFTs as simple as possible. NFTs can be printed and minted through Nifty Wallet – a mobile wallet that makes NFT management super easy. Nifty Wallet will not only help to manage NFTs but also allows you to trade NFTs for other tokens on the network. Nifty Wallet is available right now on iOS and Android stores.
Before you can mint NFTs, you will need: A wallet capable of storing NFTs (we recommend using a Ledger Nano S) Ethereum available in your personal wallet (to cover NFT minting gas cost) NiftyWallet will automatically estimate the amount of gas required based on NFT Quantity, but always make sure to check the NiftyWallet ‘Estimated Gas’.
Wallet set up for NFTs: A wallet capable of storing NFTs is required. We recommend using a hardware wallet, such as the Ledger Nano S, which allows you to store your private keys offline. This also adds an extra layer of security when minting NFTs.
NFTs and ETH: NFTs require you to pay a small amount of Ethereum in order to mint them. If NFTs are the only thing on your blockchain, then this is not an issue – but if NFTs will be just one part of your application, you might want to consider having other non-NFT enabled DApps and Smart Contracts on your Blockchain. If you do not have NFTs and NFT-enabled contracts on your chain, the NFTs will only be usable by their owner (you).
NFT Metamask Plugin: You will also need to install NFT metamask plugin to generate signed NFT transactions and interact with NFT-enabled smart contracts. NFT metamask is a chrome plugin that will also let you see your NFT balances and send NFTs to others.
Naming Your NFT: Give your NFT an asset name, such as “CryptoKitty” or “NiftyCoin”. The name must be unique, and NFTs cannot be deleted. Naming NFTs is a great way to get started creating NFTs without having to spend time programming the logic behind the NFT.
Minting NFTs in Your Wallet: Now that you’ve installed and set up your wallet with Metamask (with some ETH accessible), it’s time to generate NFTs.
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