How to coin NFT? The ultimate guide

Many successful NFT projects were registered during 2021. This probably makes you wonder how NFTs work and if crafting and minting are the same things. Despite the explosion in popularity they have had, not many people know how to coin an NFT.

That's why we created this ultimate guide on how to mint an NFT, with the steps you need to follow on some of the most popular marketplaces.

What is an NFT?

Non-fungible tokens , or NFTs, are unique tokens that cannot be replaced by others. NFTs are used to prove ownership of digital assets, such as digital artwork, game assets, videos, music , and anything else that can be digitally tokenized.

Current state of NFTs

NFTs began to exponentially increase in interest and sales in 2021. The NFT community recorded multi-million sales of NFT art, such as "Beeple 's Everydays: the First 5000 Days ." Many see NFT art as the next big thing. NFT collectors have been taking to Twitter to show off their newly minted NFT avatars from the latest NFT collections such as Bored Ape Yacht Club , CryptoPunks , and Pudgy Pens.

Even well-known brands like the NBA have jumped on the NFT trend and created the NBA Top Shot , allowing fans to truly enjoy a famous NBA highlight video.

But it's not just big-name brands and artists who can create and mint NFTs on the blockchain . In fact, anyone can do it . In this guide, we will show you how to mint an NFT without any hassle.

If you follow these steps, you will successfully go through the minting process and learn how buying and selling NFTs works . This guide will focus on Ethereum , which is the most widely used NFT blockchain , and some of the most popular NFT marketplaces for selling NFTs , such as OpenSea, Rarible , and SuperRare.

How to get an NFT?

NFT collectors and investors can obtain non-fungible tokens by purchasing them on NFT marketplaces or by minting NFT , a non-fungible token creation process.

NFT marketplaces can be large platforms, such as OpenSea, Rarible, or SuperRare, where NFT artists prefer to sell their artwork to reach a wider audience, but they can also be specific marketplaces for a metaverse or blockchain game .

In this guide, we'll walk you through the steps to mint an NFT on popular NFT marketplaces .

What is NFT minting?

NFT minting is the process of turning a digital file into a crypto collectible . It is impossible to delete, edit or modify the digital item or file stored in a blockchain . The process of uploading an item to the blockchain , similar to creating fiat currencies, is called minting .

Some of the most popular blockchains that support NFTs are:

• ethereum
• Binance Smart Chain
• Flow by Dapper Labs
• TRON
• Tezos
• Cosmos
• EOS
• WAX
• polkadot 

However, most of the NFT minting is done on the Ethereum blockchain , as it is the first choice for most digital art and digital content creators and artists.

NFT minting is similar to how metal coins are minted and then put into circulation. Non-fungible tokens can also be “minted” once they have been created. This transforms a file into a digital asset that can be traded or bought with cryptocurrency directly on a digital marketplace.

The NFT creator can schedule royalties during the minting process . This allows you to receive a commission each time the work is sold or traded on secondary markets.

So let's move on to the question of how to mint an NFT. There are two ways to mint an NFT:

• You can mint NFTs directly from the project website
• In an NFT marketplace

Most of the projects will allow collectors and investors to mint NFTs directly from their website.

How to mint NFT directly on a project website?

For example, Baby Ghosts is a collection of NFTs that allows new investors to mint NFTs directly on their website. We will use this project as an example of how you can mint a new NFT on the blockchain.

Step 1. Find new projects that allow new investors to mint NFTs

You can find new projects on most of the forums dedicated to the NFT community. But we strongly recommend that you follow all the steps in the guide “ How to find cheap NFTs? before spending money on it.

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The example we'll use is Baby Ghosts, but we haven't researched this project and can't recommend it. Please do your own research before investing .

Step 2. Install MetaMask wallet

As with any crypto asset, you will need a cryptocurrency wallet to mint and trade NFTs. The most popular wallet is MetaMask , and that is the wallet we will be using.

MetaMask is a non-custodial wallet that you can easily download from the official MetaMask website and install as an extension in your browser.

Step 3. Create a MetaMask account

If you have not used MetaMask before, you will need to create a new wallet. The process is quite simple and straightforward. Follow the steps and be sure to write down (using pencil and paper) the opening phrase, which will be needed to retrieve your wallet later.

If you need additional help, be sure to check out our complete guide on MetaMask .

Step 4. Deposit some crypto into your MetaMask wallet

An empty cryptocurrency wallet is worth nothing. This is why you will need to fund it with crypto before you can start minting NFTs.

Once you have created your MetaMask wallet, you can send funds using the wallet address shown at the top, under the account name.

Since this is an Ethereum project, you will need ETH to mint the NFTs . You can send ETH funds to the wallet address from centralized exchanges that allow credit or debit cards for crypto purchases, such as Binance, Coinbase , or Crypto.com.

Be sure to check the price of minting an NFT before transferring funds to ensure you will have enough for minting and gas fees. The minting price must be clearly specified on the project page.

Step 5. Connect the wallet to the project website

Once you have created and funded the Ethereum wallet , you can connect your wallet to the project website and start minting NFTs .

Step 6. Select how many NFTs you want to mint

On this specific project's website, Baby Ghosts, investors can choose to mint between one and 20 NFTs. Each NFT minting will cost you 0.5 ETH. Furthermore, you do not get to choose the NFT that you will get, as they are generated randomly, as with all generative art. However, if the project takes off, your NFTs might end up popular, and you can  make a profit from selling them on an NFT marketplace.

On the website of this specific project, Baby Ghosts, investors can choose to mint between one and 20 NFTs. Each NFT mint will cost you 0.05 ETH. Also, you can't choose which NFTs you'll get, as they are randomly generated, as is the case with all generative art. However, if the project takes off, your NFTs could become popular and you can make a profit by selling them on an NFT marketplace .

After choosing the amount of NFT to mint, simply click the Mint button and confirm the transaction from your MetaMask wallet.

Minting on an NFT marketplace

One of the easiest ways to mint NFTs is to visit one of the popular NFT platforms and marketplaces and mint an NFT there.

How to mint an NFT?

We will show you the step by step guide on how to mint an NFT on the most popular NFT marketplaces (OpenSea, Rarible and SuperRare).

How to mint an NFT in OpenSea?

Step 1. Connect your wallet to OpenSea

Go to the OpenSea marketplace and connect your wallet by clicking on the icon in the upper right wallet .

OpenSea supports many Ethereum wallets , including MetaMask, Coinbase Wallet, and Fortmatic

We will show you how to use OpenSea with MetaMask, but you can use any wallet you like.

After selecting the wallet, you will need to follow the steps and confirm the connection to the OpenSea marketplace .

Step 2. Create an NFT collection

Since the most successful NFTs are part of a collection, it is recommended that you create a collection rather than a separate NFT.

Click on your account icon (top right) > My Collections and you will see the collections created.

Click Create a collection to start a new NFT collection in OpenSea.

On the Create a Collection page, you'll need to add all the details about your NFT collection, including:

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• Logo
• main photo
• banner image
• Name
• url
• Description
• Choose a category (Art, Collectibles, Photography, Sports, Stickers, Utility)
• Links (web page, Discord, Instagram, Medium, Telegram )
• Royalty percentage (max. 10%)
• Blockchain to mint NFTs (Ethereum or Polygon)
• Payment tokens (ETH and WETH on Ethereum and ETH on Polygon)
• Show topic in OpenSea

After specifying all these details, you can click on Create to create your NFT collection.

Step 3. Add items to the NFT collection in OpenSea

Once you have created your collection, you can start adding items to your NFT collection in OpenSea. On the collection page, click Add Item (top right) to start adding items.

On the Create New Item page , you will need to specify all the details of your new NFT, including:

• Image, video, audio or 3D model
• Name
• external link
• Description
• Collection
• Properties, level statistics, unlockable content, explicit content
• Supply
• Blockchain (Ethereum or Polygon)
• Freeze metadata

After filling in all the details, you can click on Create to create the NFT.

While your NFT is now created, no one will be able to find it on the browse page until you list it for sale.

Step 4. Sell your NFTs on OpenSea

To profit from your digital art, you need to list your NFT for sale and find the right buyers for the collection.

This might be the trickiest part, as artists cannot control the market and may need to work on developing the right marketing strategy to successfully sell their first NFT.

New artists will have to pay two fees on OpenSea.

First of all, you will need to initialize your account to sell NFTs. This is a fee that can cost you between $70 and $300, but it depends on the gas rate on the Ethereum network at the time you make the transaction. Subsequently, OpenSea access is granted to their NFTs through the second transaction, which costs between $10 and $30, but again, it is a matter of gas fees.

Check out this gas fee indicator for Ethereum to get an idea of ​​current gas fees.

After all these steps, you have successfully learned how to mint an NFT on OpenSea.

How to mint an NFT in Rarible?

How to mint an NFT in Rarible? , one of the most popular NFT marketplaces out there.

Step 1. Connect your wallet to Rarible

The first step is to go to Rarible and connect your wallet. Make sure you choose the correct wallet, if you have multiple ones.

If you're new to Rarible, make sure to add all the details to your profile, like name and social media accounts, so your community can easily find you on the platform. There is no gas fee for setting up your account at Rarible.

Step 2. Create an NFT

At Rarible, you can choose between three blockchains to create your NFTs: Ethereum, Flow, and Tezos . We will show you how to mint an NFT on the Ethereum network at Rarible. Click Create .

Once you're all set, you can click Create and choose between creating a single NFT or multiple NFTs (a collection). Select the one that best suits your needs, but remember that NFT collections tend to perform better over time, considering the NFTs we've seen over the last year.

We will choose to create Multiple .

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Under Create Multiple Collectibles, you'll need to set up all the details for your collection, such as:

• Archive
• Price (Fixed price or open to bidding)
• Unlock content
• choose collection
• Who pays the mintage (you or the buyer)
• Name
• Description
• Royalties (maximum is 50%)
• number of copies

After providing all these details, click Create Item to mint your NFT into Rarible.

Step 3. Mint the NFT into Rarible

After clicking Create Item, Rarible will ask you to accumulate the NFT on the blockchain .

Again, there is a 2.5% gas fee that you must pay to successfully mint an NFT using the Rarible marketplace .

After confirming the gas fee from your wallet, your NFT is minted and you only need to approve it and put it up for sale by confirming the transaction from your wallet .

Note that when you mint and list an NFT for the first time on Rarible, you will have two fees: the minting fee and the fee to sign the collection, which is only charged once.

Congratulations, you have now learned how to mint an NFT on Rarible.

How to mint an NFT in SuperRare?

SuperRare is selective with its artists and not all of them can mint NFTs on the marketplace . You must be whitelisted before you can mint your NFT collection into SuperRare.

Step 1. Connect your wallet to SuperRare

Go to the SuperRare marketplace and connect your wallet. Click Sign in > Select a wallet.

We will be using MetaMask, but you can use any of the supported wallets.

Step 2. Request an artist profile on SuperRare

Once you've connected your wallet to SuperRare, scroll down to the bottom of the page and find the Submit link for artist profile. This should take you to a form where the artist must answer specific questions about her art, including:

• Link to your social networks
• A 1 minute introductory video
• Link to a selection of the artworks.
• The history of works of art.

Once you have been granted artist rights on the platform, you can start minting NFTs using SuperRare.

Step 3. Create a new NFT collection

Once you've been accepted as an artist on SuperRare, you can start minting NFTs.

You must provide details for each item you wish to mint, such as:

• Upload image/video file
• Title of the artwork
• original creator
• year created
• Description
• tags

After providing all the details, you can click Issue Token to mint your NFT into SuperRare.

After authenticating your item, you will need to pay the gas fee to mint the NFT. Again, it is important to check the price of Ethereum gas.

You can customize the gas rate and pay a lower rate, if you are not in a hurry to mint the NFT. However, this means that it will take longer to mint the NFT on the blockchain .

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Confirm the transaction from your wallet, once you are satisfied with all the details. SuperRare will display a message to let you know when the NFT has been minted and is visible on your profile.

And this is how an NFT is minted in SuperRare . Now all you have to do is wait for the bids (offers) and accept the one you consider suitable for your NFT art.

What is the best platform for NFT mining?

This guide is intended to help newcomers understand the basics of how to mint an NFT on some of the most popular NFT marketplaces and explain the mechanics of NFTs and blockchain .

While the list above includes some important NFT marketplaces , these are just recommendations, and everyone who wants to mint NFTs should make their own decisions as to which NFT marketplaces are the best option for them. There is no right or wrong choice.

Also, we focus on Ethereum-based marketplaces , as these are the most popular right now and most NFTs are minted on them. However, there are many networks that support NFTs.

The transition to Ethereum 2.0, which will radically change the gas tariff model and replace it with a more efficient and sustainable one, is becoming increasingly urgent and expected. The future of Web 3.0 will be interoperable, and that's the most important thing.

Hopefully, NFT crypto investors will soon be able to cross bridges between all available blockchains , with low fees, while benefiting from all the wonders of the decentralized world of blockchain .