How To Mint An NFT In 6 Simple Steps

Written by
Debber

How To Mint An NFT In 6 Simple Steps

Written by
Debber

The non-fungible tokens were once a niche for only certain people in the industry. Today, it is becoming a global phenomenon and everyone wants in on the trend. Many are now learning about how to invest, and some want to learn how to make their own NFTs.

NFTs help in earning cryptocurrency for your art creations. They can help you monetize your work without being restricted to traditional ways of doing it. It may seem intimidating, but there are a lot of helpful resources that teach you how to mint NFTs and convert your creative projects into digital assets.

Selling digital files has been around for ages. One of the more interesting uses of NFTs is how they help in crediting original works. After the process of minting an NFT, the creator’s work gets recorded on a public ledger, therefore it can’t be modified in any way and it is stored there forever.

What does "Minting NFTs" mean?

Non-fungible tokens are a specific type of tokens found on the blockchain that certify ownership of digital assets like artworks, video files, images, or even physical assets.

Minting an NFT is the process of converting these different digital works into crypto-collectibles as non-fungible tokens that are stored on an Ethereum-based blockchain. This is not editable or deletable by anyone.

During the minting process, creators of the NFTs can set royalties from each future sale. This will give them a commission for each time their work is sold or traded on the secondary market.

To get a good idea about how this system works, we have curated a step-by-step guide to help you get started with minting NFTs easily. Here, we will talk about how you can mint NFTs on OpenSea:

Step 1: Create Your Asset

How to mint an NFT - step 1 Create your asset

 

Start by creating a creative, out-of-the-box artwork that is the representation of your idea. If you're not sure where to start then consider looking at inspirational artworks and brainstorming more ideas to generate more content.

There are many possibilities and choices in the digital world such as 3D illustrations, abstract creations, digital artwork, audio and meme content, etc. You will be able to find many hyperrealistic styles on your way. 

One of the more interesting aspects of NFT art is that there is a market for any type. What makes it great for creators is that you can find buyers for your work without putting a lot of extra effort into it, this will help you give more time to create your art.

Step 2: Purchase Ethereum 

How to mint an NFT - step 2 Purchase ETH

The second step in NFT minting is buying Ethereum. With more and more people interested in Ethereum, it's no surprise that this is the most popular cryptocurrency currently. If you want to buy some Ether, you will have to create a crypto exchange account first.

Crypto exchange platforms like MetaMask or Coinbase are extremely popular. To start, you can buy and sell Ethereum from there. The majority of non-fungible token projects are present on the Ethereum blockchain.

When you make art into a non-fungible token, you're essentially putting it on the Ethereum blockchain that has clear information about who created it. It gives them ownership of the work and provides security for that piece of art.

Step 3: Create A Wallet

How to mint an NFT - step 3 Create a Wallet

Once you’ve purchased some ETH, your next step is to create a crypto wallet. You’ll use this wallet to pay for and sell NFTs on OpenSea.

Do you need help with opening an OpenSea account? Check out our article where we have explained the step-by-step process of creating an OpenSea account and linking your crypto wallet to the same: www.debust.com/blog/create-opensea-account-in-5-easy-steps-newbie-guide

MetaMask is among the simplest wallets to use and is therefore very popular. It is very compatible with Google Chrome and Brave. Once you install it, you can use it to manage your Ethereum cryptocurrency.

With this wallet, you will also be able to access the seed phrase, which is essentially a 12-word long combination that you can use for backing up your wallet, as well as accessing it from multiple platforms or devices.

You can access NFT minting options with reduced costs. However, you may require additional security measures to save your seed phrase in order to retain control of your funds.

Step 4: Connect Your Wallet To OpenSea

How to mint an NFT -  step 4 Connect your wallet to Opensea

At this stage for the NFT minting technique firstly, you have to make sure if your chosen wallet is connected to OpenSea or not. Let’s take MetaMask as an example here. 

Follow these simple steps to merge MetaMask to OpenSea:

  1. Visit metamask.io and install the Chrome extension on your computer.
  2. Select “Create a wallet” to make a new one if you don’t have an existing wallet. 
  3. Follow the prompts as they come by and create a new password to create a new profile.
  4. You will see the seed phrase in a small dialog box when you click on the lock icon. Take a note of it and store it in a safe place immediately.
  5. At the next step, you will be asked to enter your seed phrase to confirm it.
  6. Click “Next” to complete the set-up process.
  7. Go to the OpenSea website. After you select the MetaMask wallet, you’ll get a prompt in a dialog box to sign in via the created MetaMask wallet.
  8. Follow the prompts like it's mentioned and your MetaMask wallet will automatically get connected to OpenSea.

Step 5: Fund Your Wallet

How to mint an NFT - step 5 Fund your wallet

When you are selling an NFT, the network will run a computation to verify it. You will have to pay a fee for this transaction. This is what we call "gas fees" and they depend on the value involved in that transaction.

To make your first successful sale, go to a cryptocurrency trading app and have the amount of Ethereum you need on hand. Then deposit it into your wallet.

Depending on the marketplace you're operating in, you can then transfer your cryptocurrencies from your wallet to the respective platform’s account, where you will sell your NFT.

Step 6: Mint Your NFT

How to mint an NFT -  step 6.1 Mint Your NFT
How to mint an NFT -  step 6.2 Mint Your NFT

With the help of different available platforms, NFTs are now easier to produce and they come with detailed instructions. Check out these steps to see how easy it is to create an NFT on OpenSea.

  1. Go to opensea.io and click on the “Create” button on the top right-hand side. Click on the “Sign” option when the MetaMask prompt asks you to log in.
  2. Be sure to read the ‘Message’ section of the signature request carefully and make sure you are selecting the desired action.
  3. Lazy Minting is the term that is used when an NFT minting is carried out on OpenSea.
  4. Go to “My collections” and click on “Create”. 
  5. After this, you have to add all the required NFT details like adding a logo image, featured image, banner image, description, links, and so on. You can add more than one NFT to your collection.
  6. You will also be able to add new items to your NFT collection. Go to “Add New Item” and follow the prompts as they come up. Upload high-quality digital artwork and add name, description, links. 
  7. You can also include various traits to your digital asset to make your work more appealing to the buyers. Finally, click on “Create”.

Conclusion

So you can understand how easy it is to mint an NFT. What you need to be mindful of are the prerequisites, mainly for planning purposes. 

Creating NFTs can be a challenge, but the meteoric rise in popularity and trading of these new digital assets has led to hesitations when the NFT minting cost is taken into consideration.

But with a strategic plan and tactical execution, you can easily manage to mint NFTs at a lower cost. Luckily, a variety of platforms are also prevalent in the market which is a blessing to all the NFT enthusiasts out there.

Want to know how you can create these beautiful digital artworks to put them up as NFT? Don’t worry we’ve got you covered. Check out our blog on NFT Maker apps now: www.debust.com/blog/top-7-nft-maker-apps-to-create-next-level-nfts

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