Brief content
If you want to create your own NFTs, the Binance NFT Marketplace is a great place to start. You can also do this directly on Binance Smart Chain (BSC) using DeFi platforms such as Binance NFT Marketplace, BakerySwap or TreasureLand. BSC offers low fees, fast transaction times and has a growing NFT community.
There are actually many platforms, but usually you just need to fill in your NFT details, upload a digital artwork or file, and pay a minting fee. If you want to sell your NFT, you can quickly list it on several NFT trading platforms.
Introduction
You would have to live in a cave not to have heard of the recent hype around NFT (non-fungible token). Celebrities, digital artists and creative people are eager to put their work on the blockchain.
From paintings to songs and even collectible NBA trading cards, there are huge possibilities when minting NFTs. This is a great way to prove authenticity and ownership of creative works.
If you're really talented (or lucky), you can make decent money too. Think of it as a digital collector's record or a one-of-a-kind painting. If there is a significant demand for your NFT, the prices can rise above the clouds. You may have heard of artist Beeple who sold an NFT called "Everydays: the First 5000 Days" for over $69 million USD.
Besides Beeple, other artists sell their NFTs on blockchain-based trading platforms. The maximum sales prices speak for themselves.
Preparation for minting NFT
Before you can start minting your own NFTs, you need three things:
Your song, artwork or collectible
Some cryptocurrency to pay the minting fee
A crypto wallet to store your cryptocurrency
Вам також необхідно вибрати блокчейн, на якому ви створите свій невзаємозамінний токен. Ми розглянемо це більш докладно пізніше.
What are NFTs?
So you're sure you want to mint NFTs, but do you know exactly what they are? Basically, it is a type of cryptocurrency that is something unique, collectible and cannot be reproduced.
A simple NFT analogy is a shiny Pokemon card. Anyone can print another card and maybe even make it almost identical to the real thing. But the collector will understand where it is real and where it is not.
We value a shiny Pokemon card for its uniqueness and authenticity. Same with NFTs. Sure, you can upload an image or collectible associated with a specific NFT, but that doesn't mean actual ownership or authenticity.
Even NFTs that are available in limited quantities do not have the same value. You can have 01/100 in a series, which can make it more valuable than other units.
To learn more about the origins of the NFT craze, you can read about CryptoKitties and CryptoPunks. These were among the first extremely popular digital collectible projects on the Ethereum network.
What can an NFT be?
A very important and complex question is what exactly NFT can represent. Could it be just digital objects or real works of art? Although not common, physical collectibles can be represented as NFTs. In these cases, the private key of the wallet containing the NFT is usually embedded or provided with the artifact.
Christie's auctioned a physical NFT item - Block 21 (42.36433 ° N, -71.26189 ° E) (Portraits of a Mind) - with a corresponding NFT on an OpenDime hardware wallet.
Все частіше у цифрових витворів мистецтва, пісень, GIF-файлів та відео з'являються власні NFT. Навіть предмети колекціонування з відеоігор можуть бути представлені за допомогою NFT і фінансових продуктів стейкінгу. Криптомистецтво та NFT не обмежуються одним форматом, тому немає меж творчих можливостей для вашого нового NFT.
Do I need a specific wallet to use NFT?
It all depends on the network you want to create your token on. Fortunately, most wallets now support Ethereum and Binance Smart Chain, so it shouldn't matter much. These blockchains are the most popular for NFTs.
It is much more important to verify the blockchain network your token is built on. If it's an Ethereum token, you'll need an Ethereum-enabled wallet. If it's on Tezos, you'll need a Tezos-enabled wallet.
To simplify the task, we recommend using MetaMask or Trust Wallet. These two crypto wallets support a wide range of blockchains. However, you should always double check that the wallet supports the blockchain your token resides on.
Which Blockchain Should I Use?
There are quite a few blockchains to choose from when creating NFTs. The Ethereum network was the first major blockchain to offer non-fungible tokens as we know them today. The list of NFT-compatible blockchains now includes Binance Smart Chain, Polkadot, Tron, Tezos, and many others.
Most NFTs currently exist on either Ethereum or BSC. However, gas fees on Ethereum have made NFT minting and processing quite expensive. Binance Smart Chain is a much cheaper alternative that also has faster transactions. There are many NFT marketplaces and projects, which gives you a large audience of potential buyers.
Which platform can be used to create NFT?
Choosing an NFT mining platform comes down to personal preference and the blockchain you want to use. Most BSC protocols create your NFT as a BEP-721 token, so technically they will be the same no matter which blockchain you choose.
If you want to easily exchange your token after that, it's probably best to choose a platform that has a marketplace you're familiar with. That way, you won't need to move the NFT to another location after minting it.
For ease of use, we recommend BakerySwap and Treasureland. All these BSC projects have simple interfaces and low commission for minting your NFT. BakerySwap has the largest NFT marketplace, making it a good choice for those looking to sell their NFTs after minting. Treasureland lets you mint NFTs for free. If you want to use Ethereum, consider OpeaSea or Rarible as the two most popular options.
Is it possible to transfer NFTs from one BSC trading platform to another?
You can easily transfer your NFTs between marketplaces as long as the new platform supports your token type. The vast majority of BSC marketplaces and exchanges will support BEP-721 and BEP-1155 tokens. These are the most common types of BSC NFTs.
What you cannot do is transfer your NFTs directly to a trading platform with another blockchain. For example, OpenSea does not support NFT Binance Smart Chain. Although you can create a wrapped token, we recommend storing your NFTs securely on their original blockchain.
To transfer an NFT to another exchange, send a collectible to your wallet. Once deposited, simply send it to the correct deposit address of the new platform. Always double check that your NFT token standard is supported by your wallet and whatever platform you transfer it to.
How to mint NFTs on the By Binance NFT Marketplace platform
1. Go to the main page of Binance NFT Marketplace and click [Create]. To do this, you will need to connect your crypto wallet.
2. Next, you need to upload your digital files (images, audio, video, etc.).
3. Don't forget to add a description (metadata) to your NFT. You will also have to choose between creating individual NFTs or Collections (groups of NFTs).
How to mint NFT on BakerySwap
You can create an NFT from start to finish in 5 minutes on BakerySwap. Just make sure you have some BNB to pay the minting fee (0.01 BNB at the time of writing) and a crypto wallet to store the BNB.
Please note that the minting fee may vary depending on the price of BNB. If you don't already have a wallet, we recommend Trust Wallet for mobile users and MetaMask for PC.
With BakerySwap you can choose which files to mint:
Images
GIF files
Video
audio
The following steps will show you how to create an NFT on BakerySwap.
1. First, go to the BakerySwap NFT marketplace and connect your wallet in the upper right corner of the screen.
2. After connecting the wallet, click [Mint Artworks] to start generating NFTs.
3. Fill in the required fields with information about the collectible.
4. Under NFT details, click the [+] icon to download the file. You can also see the current coinage fee under the anti-plagiarism declaration.
5. When you are satisfied with the information you have filled in and have successfully uploaded your image, make sure you agree to the anti-plagiarism statement before clicking [Mint].
6. If you use MetaMask, a pop-up window will appear asking you to confirm the payment of the coining fee.
7. After paying the fee, you can view your NFT on the blockchain using BscScan. Now it can be transferred and traded as you wish.
How to mint NFTs on Treasureland
Treasureland is an NFT trading platform within the Dego Finance BSC project, decentralized finance (DeFi) protocol and NFT ecosystem. Creating NFTs with Treasureland is also free for the creator because whoever buys the NFT pays a commission.
Currently, Treasureland allows users to mint images and GIFs, but you can choose between individual NFTs, series, and set royalties for the author.
1. Go to Treasureland Create and connect your crypto wallet to get started.
2. After that, you will be taken to the NFT creation page, where you can fill in all the NFT details and upload your image or GIF file.
3. Please note that Treasureland sets the royalty at 10% even before your NFT is created.
4. You can now view your NFT or list it for sale. If you want to transfer it, you will have to pay a coinage fee.
How do I send my NFT to someone else?
Once you have bought or created your own NFT, you can send it to someone else directly from your wallet. If your wallet has an NFT section, you can simply select any of your NFTs and click the send option (Trust Wallet and MetaMask offer this feature).
Note that the recipient of your NFT must provide you with a valid deposit address for the type of token you have. If you have an ERC-721 NFT on the Ethereum network, the recipient must send you their Ethereum ERC-721 deposit address from their wallet.
Is it possible to share ownership and revenue from the sale of NFTs with others?
As far as collaboration goes, NFTs can be a bit tricky at the moment. For the most common NFT types (ERC721, ERC1155, BEP721, BEP1155), only one owner is possible.
However, some projects plan to allow the income from the first sale to be split between several wallets. This functionality is not built into the token code, but depends on the exchange or marketplace you are using. We recommend that you check the possibility of distributing the NFT sale amount on the exchange of your choice.
Якщо ви хочете мати повний контроль над своїми NFT і зберігати їх у некастодіальному гаманці, ви можете використовувати децентралізовану платформу.
Results
The non-fungible token ecosystem is growing rapidly and becoming easier to use. For anyone interested in minting their own NFTs, the process is quite simple. If you want to create, buy or sell NFTs, this article describes projects that can help you with this. Happy minting!