What's Minting?
What's Minting?
Minting
Minting is a process of creating an NFT(Non Fungible Token) in a blockchain by converting a digital object. By doing this people can easily create and publish NFT's or their own in a blockchain space. But before that, users need to decide which blockchain that can support minting. For example, there are Ethereum blockchain and binance smart chain.
Platform
The first step that need to be done is by deciding which blockchain will we use to minting an NFT. There are a lot of them out there, but then each one them has their own benefit, for example the gas fee might varies from one blockchain to the other. And also, not every blockchains actually supports minting in their system.
There are some of the blockchain that people would usually use, like
- Ethereum
(Source: ethereum.org) - Binance Smart Chain
(Source: binance.com) - Polkadot
(Source: Wikipedia) - Polygon
(Source: Wikipedia)
Marketplace
Normally people would like to sell their NFTs in a marketplace. That's why usually people would use a marketplace like opensea to sell their NFTs to gain some money. There are of plenty marketplace out there that people can use to sell NFTS. Opensea is one of the most popular one for NFTS marketplace which is why it might worth some consideration.
Problem
Although printing or creating an NFT is pretty simple, the problem lies elsewhere. The problem from minting an NFT is the gas fee. Some of the blockchain could cost more then the other. For example minting an NFT in ethereum is actually expensive if we compare it with other blockchain.
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