Previously, most people couldn't understand what is NFT. However, since 2021, the recognition of this concept has increased significantly, and various digital contents have been sold in the form of NFTs.
The problem is, if you want to officially make money from your NFTs, you need to "mint" them. Even how well people know about NFT, they may be struggle when explain about &ldquo;mint&rdquo;.
<div class="mce-toc" style="text-align: justify;">
<h2>Table of Contents</h2>
<ul>
<li><a href="#mcetoc_1gg94fi5u2b">So, what is &ldquo;Mint&rdquo;?</a></li>
<li><a href="#mcetoc_1gg94fi5u2c">Mint and blockchain</a></li>
<li><a href="#mcetoc_1gg94fi5u2d">Mint and gas fee</a>
<ul>
<li><a href="#mcetoc_1gg94fi5u2e">Step 1 Create content</a></li>
<li><a href="#mcetoc_1gg94g88u3t">Step 2 Pick up Ethereum</a></li>
<li><a href="#mcetoc_1gg94g88u3u">Step 3 Choose a marketplace</a></li>
<li><a href="#mcetoc_1gg94g88u3v">Step 4 Create a wallet</a></li>
<li><a href="#mcetoc_1gg94g88u40">Step 5 Create an OpenSea account</a></li>
<li><a href="#mcetoc_1gg94g88u41">Step 6 Mint the NFT</a></li>
</ul>
</li>
<li><a href="#mcetoc_1gg94fi5u2f">To sum up</a></li>
</ul>
</div>
<h2 id="mcetoc_1gg94fi5u2b" style="text-align: justify;">So, what is &ldquo;Mint&rdquo;?</h2>
First heard about &ldquo;Mint&rdquo;, you think straight away to &ldquo;mint&rdquo; in &ldquo;mint chocolate ice cream&rdquo;, right?
Actually, &ldquo;mint&rdquo; is the first time when tokens that adopt a smart contract and digital content are linked one-to-one and written on the blockchain to become an NFT.&nbsp;
The former definition, a smart contract, is a digital form contract, a mechanism that will be automatically executed when all its conditions and requirements are met. And the latter one, digital content, as we know, such as videos, images, game characters and music&hellip; is the target of NFTs. However, simply creating digital content cannot be called an NFT. So, the action of &ldquo;Minting&rdquo; is necessary. The ERC-721 standard (Non-fungible tokens standard) gives unique value to digital content, so NFT can be created.
NFTs can be traded by being minted on ​​dedicated marketplaces such as <a href="https://opensea.io/" target="_blank" rel="noopener">OpenSea</a>, <a href="https://rarible.com/" target="_blank" rel="noopener">Rarible</a>, and <a href="https://superrare.com/" target="_blank" rel="noopener">SuperRare</a>. Strictly speaking, the NFT issued on the marketplace is minted and still cannot be sold at this point. It's just in the form of a completed NFT, and at the time, the ownership belongs to the creator of the digital content. After that, you can start trading after setting the price of these NFTs, and this action is called "Listing".
<h2 id="mcetoc_1gg94fi5u2c" style="text-align: justify;">Mint and blockchain</h2>
The most well-known blockchain implement used in Mint is Ethereum (ETH).
It was the first blockchain adopted ERC-721, and the NFTs which were first minted and traded are using Ethereum. So, Ethereum is equivalent with NFT, and when NFT catches fire, and its price rises in an instant, it has grown to become the second most popular after Bitcoin.
However, in order to eliminate scalability such as Gas fee and time-consuming transactions, apart from Ethereum, Polygon (POL), Polkadot (DOT), Solana (SOL) are also some popular types of crypto.
New virtual currencies have also appeared one after another. Therefore, in the past, Ethereum was the only choice for NFT mints, but now you can choose from multiple options depending on the type and characteristics of the content.
<h2 id="mcetoc_1gg94fi5u2d" style="text-align: justify;">Mint and gas fee</h2>
Minting requires gas fee depends on the marketplace being used. Some marketplaces are free, while others cost thousands of dollars.
However, recently, a new term called "lazy minting" has appeared, in which NFTs are minted after they are put in the marketplace, and the gas fee is paid by the buyer after purchasing. and issuers will no longer have to incur the gas fee.
<h2 style="text-align: justify;">Minting method</h2>
<h3 id="mcetoc_1gg94fi5u2e" style="text-align: justify;">Step 1 Create content</h3>
NFTs are unique proofs of ownership in the world, so digital content must be completely original. The contents can be videos, images, or music, but please be aware that copies are not accepted as NFTs.
<h3 id="mcetoc_1gg94g88u3t" style="text-align: justify;">Step 2 Pick up Ethereum</h3>
Buy Ethereum (ETH) on domestic exchanges. In OpenSea marketplace, many NFTs are based on ETH, so ETHis required for both minting and listing.
<h3 id="mcetoc_1gg94g88u3u" style="text-align: justify;">Step 3 Choose a marketplace</h3>
Once you have created your digital content, and get enough ETH, choose a marketplace to progress the minting. There are multiple marketplaces with different features and users, but the most major and popular is OpenSea. Therefore, this article will use OpenSea as an example.
<h3 id="mcetoc_1gg94g88u3v" style="text-align: justify;">Step 4 Create a wallet</h3>
You need to have an account to mint on OpenSea. To do so, you must first create a wallet. Metamask is the most popular cryptocurrency wallet. Therefore, we recommend using Metamask. Then, install Metamask into the Google Chrome extension.
<img class="responsiveImage" style="display: block; margin-left: auto; margin-right: auto;" src="https://api.relipa.global/storage/592/screenshot_1666754306.png" alt="" />
<h3 id="mcetoc_1gg94g88u40" style="text-align: justify;">Step 5 Create an OpenSea account</h3>
After accessing the official OpenSea website and creating an account, connect to Metamask. Deposit the Ethereum purchased in Step 1 into Metamask.
<h3 id="mcetoc_1gg94g88u41" style="text-align: justify;">Step 6 Mint the NFT</h3>
Click the person icon on the top right of the OpenSea top screen and select "My Collection" to display the input screen for creating the folder necessary for minting. After entering the necessary information and creating a folder, upload the content you want to sell as NFTs and minting is completed.
<h2 id="mcetoc_1gg94fi5u2f" style="text-align: justify;">To sum up</h2>
NFTs can be minted at any time from the marketplace as long as the preparation of your own original content is good enough.
If you mint NFT, no matter how many times you buy and sell, you will be paid a fixed percentage of the sales proceeds everytime. When the value is evaluated and the price is high, it is possible to obtain a large profit even from one NFT.&nbsp;
At Relipa, NFT minting, marketplaces launching as well as others blockchain services will be done speedily by experienced engineers and great know-how. Please feel free to contact us and start your NFT right away!

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