TL;DR
If you want to create your own NFTs, Binance's NFT Marketplace is a great place to start. You can also do it directly on Binance Smart Chain (BSC) using a DeFi platform, such as Binance NFT Marketplace, BakerySwap, or TreasureLand. BSC offers low fees, fast transaction times, and a growing NFT community.
There are many platforms to choose from, but typically you just need to fill in the NFT details, upload the art or digital files, and then pay a minting fee. If you want to sell your NFTs, you can also place them on a number of NFT marketplaces quickly too.
Introduction
Almost everyone has heard about the recent NFT (non-fungible token) craze. Celebrities, digital artists and creatives are preparing to put their art on the blockchain.
There is huge potential when it comes to minting NFTs, from paintings to songs and even NBA collectible cards. NFTs are a great way to prove the authenticity and ownership of creative works.
If you're very talented (or lucky), you can also make quite a bit of money. Think of an NFT as a digital record of a collection or exclusive painting. If there is significant demand for your NFT, the price will skyrocket. You may have heard of visual artist Beeple selling an NFT titled “Everydays: the First 5000 Days” for over $69 million.
Apart from Beeple, other artists sell NFTs on various blockchain-based marketplaces. Everything is clear if we look at the top sales.
Before minting an NFT
Before you can start minting your own NFTs, you will need three things:
Your songs, works of art or collectibles
Some crypto to pay for minting fees
Cryptocurrency wallet to store your crypto
You also have to choose the blockchain on which to create your non-fungible token. We will discuss this in more detail later.
What are NFTs?
Maybe you're sure you want to mint NFTs, but do you really understand NFTs? Basically, NFT is a type of cryptocurrency that represents something that is unique, collectible, and cannot be replicated.
A simple analogy of NFTs is Pokémon cards. Anyone can print it and can even make it almost exactly like the original. However, the card will be different in the eyes of a collector.
We value Pokémon cards for their uniqueness and authenticity. This is the same as NFTs. Of course, you can download images or collectibles related to those NFTs, but they do not represent actual ownership or authenticity.
In fact, limited edition NFTs are not all the same. You can have 01/100 in a series which makes it more valuable than other units.
To learn more about the origins of the NFT craze, read about CryptoKitties and CryptoPunks. Both were very popular early digital collectible projects on the Ethereum network.
What can be used as an NFT?
The big question that needs to be answered is what an NFT can represent. Can these only be digital goods or also works of art in the real world? Although not common, physical collectibles can be represented by NFTs. In this case, the private key to a wallet containing the NFT is usually embedded or provided with the item.
Christie's even auctioned NFT art inspired by a physical blockchain, namely Block 21 (42.36433° N, -71.26189° E) (from Portraits of a Mind) with an associated NFT in the OpenDime hardware wallet.
However, in general digital artwork, songs, gifs and videos have their own NFTs. In fact, video game collectibles can be represented with NFTs and financial staking products. Crypto art and NFTs are not limited to just one format, so there are no limits when it comes to creativity for your new NFT.
Do I need a specific wallet to use NFTs?
This depends on the network chosen as a place to create tokens. Fortunately, currently most wallets support Ethereum and Binance Smart Chain, so the wallet you choose won't make a big difference. These two are the most commonly used blockchains for NFTs.
The most important thing is to check the blockchain network on which your token is built. If it's an Ethereum token, you'll need a wallet that supports Ethereum. If it is built on Tezos, you will need a wallet that supports Tezos.
Simply put, we recommend using MetaMask or Trust Wallet. These two crypto wallets support different blockchain variations. However, you must ensure once again that your wallet supports the blockchain where your tokens reside.
What blockchain should be used?
There are several blockchains to choose from when it comes to minting NFTs. The Ethereum network was the first major blockchain to offer non-fungible tokens as we know them today. The list of blockchains compatible with NFTs now includes Binance Smart Chain, Polkadot, Tron, Tezos, and more.
Currently, most NFTs are on Ethereum or BSC. However, gas fees on Ethereum have made minting and handling NFTs quite expensive. Binance Smart Chain is a much cheaper alternative and also has the advantage of higher transaction speeds. There are many NFT marketplaces and projects, so you have a large audience of potential buyers.
What platforms can be used to create NFTs?
Choosing a platform to mint your NFTs depends on personal choice and the blockchain you want to use. Most BSC protocols will create your NFT as a BEP-721 token. So in the end, your NFT will be the same regardless of the platform chosen.
If you want to trade your tokens easily afterwards, it may be best to choose a platform with a market you understand. This way, you won't have to transfer the NFT to various places after minting it.
For ease of use, we recommend BakerySwap and Treasureland. All of these BSC projects have simple interfaces and low costs to mint your NFTs. BakerySwap has the largest marketplace for NFTs, making it a great option for anyone looking to sell NFTs after minting them. Treasureland allows you to mint NFTs for free. If you intend to use Ethereum, consider OpeaSea or Rarible which are two of the most popular choices.
Can I transfer NFTs from one BSC marketplace to another?
You can transfer NFTs between marketplaces easily as long as the new platform supports your token type. For BSC markets and exchanges, the majority will support BEP-721 and BEP-1155 tokens. These two are the most common types of BSC NFTs you will encounter.
What cannot be done is to transfer the NFT to a marketplace on another blockchain directly. For example, OpenSea basically does not support Binance Smart Chain NFTs. While you can create wrapped tokens, we recommend keeping your NFTs safe on their native blockchain.
To transfer an NFT to another exchange, send the collectible to your wallet. Once stored safely, simply send it to the correct deposit address of the new platform. Always make sure to double check that your NFT token standard is supported by your wallet and whatever platform you are transferring to.
How to mint NFTs on Binance NFT Marketplace
1. Go to the main page of Binance NFT Marketplace, then click [Create]. You need to connect a crypto wallet to do this.
2. Next, you just need to upload digital files (images, audio, video, etc.).
3. Make sure to add a description (metadata) to your NFT. You also have to choose between creating a single NFT or a Collection (a group of NFTs).
How to mint NFTs on BakerySwap
You can create an NFT in 5 minutes on BakerySwap from start to finish. Just make sure that you have some BNB ready for minting fees (0.01 BNB at the time of writing this article) and a crypto wallet to store the BNB.
Note that minting fees may change based on the price of BNB. If you don't have a wallet yet, we recommend Trust Wallet for mobile users and MetaMask for desktop.
With BakerySwap, you can choose to print:
Picture
GIF
Video
Audio
The following steps will explain how to mint NFTs on BakerySwap.
1. First, visit the BakerySwap NFT Marketplace and connect your wallet in the top right corner of the screen.
2. After connecting your wallet, click [Mint Artworks] to start creating NFTs.
3. Fill in the required fields with all collectible item info.
4. Under NFT details, click the [+] icon to upload the file. You can also see current printing costs under the antiplagiarism declaration.
5. If you are sure of the information you have filled in and have successfully uploaded the image, make sure you agree to the anti-plagiarism declaration before clicking [Mint] (Print).
6. If you are using MetaMask, a window will appear asking you to confirm payment of the printing fee.
7. After paying, you can view the NFT on the blockchain with BscScan. Now, NFTs are available to transfer and trade at your convenience.
How to mint NFTs at Treasureland
Treasureland is the NFT marketplace part of the BSC project called Dego Finance, which is a decentralized finance (DeFi) protocol and NFT ecosystem. Minting NFTs with Treasureland is free for creators, as anyone who purchases the NFT will pay a fee.
Currently, Treasureland only allows users to mint images and GIFs, but you can choose between a single NFT, a series, and set creator royalties.
1. Visit the Treasureland Create section and connect your crypto wallet to get started.
2. Then, you will arrive at the NFT creation page, where you can fill in all the NFT details and upload an image or gif.
3. Note that Treasureland has a locked-in royalty of 10% before creating your NFT.
4. You can now view the NFT or sell it. If you want to transfer it, you have to pay a printing fee.
How do I send my NFT to someone else?
After purchasing or creating an NFT, you can send it to others directly from your wallet. If your wallet has an NFT section, you can simply select the NFT and click the option to send it (Trust Wallet or MetaMask offer this feature).
Note that the recipient of your NFT must provide the correct deposit address for the type of token you own. If you have an ERC-721 NFT on the Ethereum network, then the recipient must send you an ERC-721 Ethereum deposit address from their wallet.
Can I share NFT ownership and sale proceeds with others?
When it comes to collaboration, NFTs can be quite difficult. One owner is only possible for most types of NFTs (ERC721, ERC1155, BEP721, BEP1155).
However, some projects plan to allow the proceeds of the first sale to be shared across multiple wallets. This feature is not embedded in the token code, but relies on the exchange or market used. We recommend that you check the possibility of sharing the amount of NFT sales on the exchange used.
If you want complete control over your NFTs and want to store them in a non-custodial wallet, you can use a decentralized platform.
Closing
The non-fungible token ecosystem is growing rapidly and becoming easier to use. For anyone interested in minting their own NFTs, the process is fairly simple. Whether you want to create, buy, or sell NFTs, there are projects for you to use. Happy NFT minting!