How NFTs Are Created: The Minting Process
Creating an NFT is known as minting, a process where a digital asset is converted into a blockchain-based token. Minting an NFT involves several key steps:
- Choosing a Blockchain: NFTs can be minted on Ethereum, Solana, Binance Smart Chain, and Polygon.
- Selecting an NFT Marketplace: Platforms like OpenSea, Rarible, and Foundation allow artists to mint and sell NFTs.
- Uploading Digital Content: The creator uploads their file, which is linked to the NFT.
- Setting Metadata and Attributes: This includes the NFT’s name, description, and rarity traits.
- Smart Contract Deployment: A smart contract is created to define ownership rules and royalties.
- Finalizing the Minting Process: Once minted, the NFT is permanently recorded on the blockchain.