So, you’re thinking about minting your first NFT collection. That’s great! NFT collections are a great way to build a diverse collection of your favorite sports teams, hobbies, or any other topic that really captures your imagination. You can also use them to create a personalized gift for friends and family for special occasions or simply as a way to support the people and organizations that you care about. But best of all, they’re a great way to start earning crypto and fiat cash.
But the question remains: where do you start? Today, we’re walking you through everything you need to know about minting your first NFT and building your collection.
What is an NFT?
First let’s define what we’re talking about: An NFT (non-fungible token) is a digital token that exists on the blockchain in a format that makes it unique from other digital tokens. Each NFT is unique and completely different from any other token. Unlike most, each one has its own history, its own attributes, and its own relationships with other entities on their respective blockchains.
NFTs can be expressed as unique, non-copyable tokens that exist on Ethereum’s blockchain. This means that they are one of the first functional digital assets on it; they represent a particular unit of value and have their own source code that can be used to create new NFTs, trade them, and do other things with them.
NFTs can also exist outside of Ethereum and on other blockchains. You can read more about what that means in our original article which walks through the creation of an NFT on a Bitcoin-based blockchain.
What are the Benefits?
There are plenty of great benefits to creating and managing your personal collection of NFTs. First and foremost, we love seeing the ways people use their collections to support causes they believe in while earning crypto at the same time. Second, you can use them to create a gift that’s uniquely yours, which increases the likelihood that they’ll be used and appreciated. Finally, they are a great way to start earning crypto and fiat currency.
How to Mint Your First NFT
Now that you know what they are and why they’re great, let’s go over the steps of actually minting them. By now, you may be asking yourself what we mean by “minting” an NFT, and that’s a valid question. When creating an NFT, you’re basically creating an instance of a unique, non-copyable digital asset.
The process for creating these instances varies slightly depending on the resource you are using to mint, but the general process is simple:
Step 1: Decide on Your Concept
Before you start the process, you will need to think about what exactly your NFTs will be. Identifying your idea can be a challenging part of the process, but it’s worth taking the time to figure it out.
Your first step is to think about what you want to represent with your collection. Some people choose to represent their favorite sports team, while others are using their NFTs to support charities or causes they care about. Still, others use them as a form of self-expression or even just for fun. The options are unlimited and depend on how creative you want your collection to be.
Step 2: Pick a Platform
Be sure to make sure you use the proper platform for the steps ahead. If you’re using an Ethereum-based platform, like MetaMask, you will need to make sure your wallet address is compatible with the NFT platform of choice.
Step 3: Connect and Build a Communit
Before you start selling your NFTs, you want to immerse yourself in the community to gain traction. This way, when you offer your NFTs for sale, other users will recognize your attention to detail and the dedication you put into each token.
Once you’ve proven yourself in the community, it’s time for the hard work to begin.
Step 4: Create Your Artwor
Now that you’re established, it’s time to start getting creative. Whether you decide to hire someone to create the artwork for you, or you decide to do it yourself, make sure it’s a labor of love. NFT collectors value uniqueness so make sure you pour as much of yourself into it as possible.
Step 5: Mint It
Now that your artwork’s ready, it’s time to mint it on the platform of your choice. Each platform has a different process for minting NFTs so make sure you thoroughly research the requirements and fees associated with minting NFTs on the platform you choose.
There are plenty of reasons to start creating your own NFTs, so get started today! Whether you decide to make unique tokens for your sports team, create artwork for an upcoming concert or rally, or just want to support a cause you believe in, it’s never too early (or too late) to start. Happy minting and we’ll see you in the next article.