Nowadays, NFT has become an essential part of our life. All of us hear about the NFT everywhere and every day. However, most of us don’t know much about the space of NFT but are willing to get into this space. So, here is an essential guide about minting your first NFT.
Minting NFTs for beginners might often sound complicated, but it is not. Using these steps, you can easily mint your first NFT but understand what NFT minting is.
What is NFT Minting?
It is a process of tokenizing a digital file with cryptography. Tokenization converts an asset into a digital one that can be moved, recorded, and stored on the blockchain network. NFT can be minted easily using any marketplace. Since there are many marketplaces for NFTs, we would focus on one of the best and the largest NFT marketplace, OpenSea.
How to Mint your first NFT on OpenSea?
There are many ways to mint your first NFT on OpenSea, but this blog will focus on how to mint NFT using MetaMask because it is the most popular one.
To mint through MetaMask, first of all, you have to create an account on MetaMask. It is a wallet available as an extension for Chrome, Brave, or cold storage. Go to metamask.io and get your extension for your browser from there.
After installation, you need to store ERC – 20 tokens such as Ether (ETH) to mint OpenSea. However, it is recommended to use a hardware wallet instead of a web wallet for security reasons.
Before minting your first NFT, you need to have some ETH in your MetaMask account to pay gas fees.
After the above steps are done, go to opensea.io and click on the profile on the top right bar. Now open the new page which says to connect your wallet and choose MetaMask.
Now grants all the necessary permissions to OpenSea for using your MetaMask. After that, you need to accept the signing request, which will lead to a connection pop-up, and after connection, it will show to link OpenSea to your wallet.
Now that you have added your MetaMask wallet to your OpenSea account, click on add funds into your MetaMask account if your wallet is empty.
After adding up funds, now, you can be ready to create your own NFT.
Setting up NFT collection
Go to your profile and select “My Creation” and “create.” Choose your logo, feature image, and banner. After that, fill in all the different properties like the URL of your collection, category, description, and link to your social accounts and website.
After that, insert your payout wallet. For this, go to your wallet, copy your address from them, and paste it into the required space. Now set up your royalty percentage, such as 15% in royalties which will ensure that when someone resells your NFT, you will receive 15% of that amount because you are the original creator. After that, choose the payment token you will use to buy and sell your items and click “create.” This will create your NFT collection.
Now you need to mint.
Minting on OpenSea
The process is very much simple. Here are a few steps you need to take.
1. Go to the collection, select “Add item,” and upload a new piece of your art there.
2. Add details to your items, such as name and description, and choose the collection in which it will appear
3. Fill in the properties of your NFT and also the levels.
4. Choose whether it’s unlockable and explicit content or sensitive content.
5. Next, choose the supply and number of copies that can be minted.
6. Click “Create,” and your new item will appear in your collection. You can set the price of your NFT but always note that OpenSea will charge you 2.5% each time it sells. So, keep your price according to that.
So, through these steps, you can easily mint your first NFT on OpenSea. It may sound a bit difficult, but you will find it very easy to do it when you go through the process. There are also other marketplaces where you can mint easily by following the same process.