Summary
If you want to create your own NFT, the Binance NFT Marketplace is a great choice. Alternatively, you can create it directly on the Binance Smart Chain (BSC) using DeFi platforms such as Binance NFT, BakerySwap, or TreasureLand. BSC not only has low fees and fast transaction speeds, but also has a growing NFT community.
There are many platforms to choose from, you only need to fill in the details of the NFT, upload the digital artwork or file and pay the minting fee. If you want to sell the NFT, you can also quickly put it on many NFT markets.
Introduction
If you are not isolated from the world, you must have heard about the hot NFT (Non-Fungible Token) recently. Whether it is public figures, digital artists, or creative people, they are all eager to launch their personal works of art on the blockchain.
From paintings to songs, and even highly collectible NBA trading cards, the possibilities for what NFTs you can mint are endless. They’re a great way to prove the authenticity and ownership of your creative work.
If you’re really talented (or lucky), you can also earn a decent income. Think of an NFT as a digital collectible record or a one-time painting. It’s entirely possible that a popular NFT in the market can sell for a whopping price. You may have heard of visual artist Beeple. His NFT painting Everydays: the First 5000 Days sold for more than $69 million.
In addition to Beeple, other artists are also selling their personal NFTs on blockchain-based marketplaces, and their outstanding sales are the best proof of their value.
Preparation before minting NFT
Before minting your own NFT, you need to prepare three things:
Your songs, artwork or collections
Some digital currency, used to pay for minting
Digital currency wallet for storing digital currency
In addition, you need to choose a blockchain to create non-fungible tokens. We will discuss this in detail later.
What are Non-Fungible Tokens (NFTs)?
The work of minting NFT is ready, but do you know what it is? It is essentially a digital currency that represents a unique collection that cannot be copied.
We can simply compare NFT to a shiny Pokémon card. Anyone can print it out and even make it look real. But it is different in the minds of collectors.
Shiny Pokémon cards have value because of their uniqueness and authenticity. The same is true for NFTs. Sure, you can download images or collectibles of NFTs, but that doesn’t represent actual ownership or authenticity.
Even limited edition NFTs of the same model are not exactly alike. For example, in a series of 100 NFTs, the value of collection number 1 will be the highest.
For more information on the origins of the NFT craze, read our articles on CryptoCat and CryptoPunks, the first and most popular digital collectibles projects on the Ethereum network.
What does NFT include?
The first important question to answer is what exactly an NFT can represent. In addition to representing a digital item, can it be linked to a real-world work of art? Although it is less common, NFTs can represent physical collectibles. In such cases, the private key to the wallet where the NFT is located is usually built into it or provided with the work.
Christie’s even auctioned an NFT artwork inspired by the physical blockchain, Block 21 (42.36433° N, -71.26189° E) (from Portraits of a Mind), as well as an NFT related to it from the OpenDime hardware wallet.
It is more common to see digital artworks, songs, gifts and videos launched as exclusive NFTs, and even video game collectibles can be presented in the form of NFTs and financial pledge products. Cryptocurrency artworks and NFTs are not limited to a certain format. Therefore, you can be creative when it comes to new NFT ideas.
Do I need a specific wallet to use NFTs?
It all depends on which network you choose to create your token on. Fortunately, most wallets currently support both Ethereum and Binance Smart Chain, and there shouldn’t be much difference between the two. These are the two most commonly used blockchains for NFTs.
In fact, the most important thing is to check the blockchain network that the token is built on. If the NFT is based on Ethereum, you need a wallet that supports Ethereum. If it is built on Tezos, you should prepare a wallet that supports Tezos.
For ease of use, we recommend using MetaMask or Trust Wallet. These two cryptocurrency wallets support a variety of blockchains. However, you should always check if your wallet supports the blockchain used by your token.
Which blockchain should be used?
When it comes to minting NFTs, there are quite a few blockchains to choose from. The Ethereum network was the first mainstream blockchain to offer non-fungible tokens as we know them today. Today, NFT-compatible blockchains include Binance Smart Chain, Polkadot, Tron, and Tezos, among others.
Most non-fungible tokens currently exist on Ethereum or BSC. However, Ethereum's high gas fees make minting and processing NFTs quite expensive. Binance Smart Chain is much more cost-effective, and users can also benefit from fast transactions. Today, NFT markets and projects are emerging in an endless stream, gathering many potential buyers for creators.
Which platform can I use to create NFTs?
When choosing an NFT minting platform, it is generally based on personal choice and the blockchain you want to use. Most BSC protocols will create your NFT in the form of BEP-721 tokens. Therefore, no matter which platform you choose, they are the same at a technical level.
If you want to easily trade your tokens in the future, it is recommended to choose a platform that you are familiar with. This way, you don’t have to transfer your NFTs to another place after minting.
From the perspective of ease of use, we recommend BakerySwap and Treasureland. Both BSC projects have simple interfaces and low fees to facilitate the minting of NFTs. BakerySwap has the largest NFT market and is ideal for anyone who wants to sell NFTs after minting. Treasureland allows users to mint NFTs for free. If you want to use Ethereum, consider OpeaSea or Rarible, two of the most popular platforms.
Can I transfer NFTs from the BSC marketplace to another marketplace?
You can easily transfer NFTs between different markets as long as the new platform supports the corresponding token type of the NFT. The vast majority of BSC markets and trading platforms will support both BEP-721 and BEP-1155 tokens. These are the most common types of BSC NFTs.
However, your NFT cannot be directly transferred to a marketplace on another blockchain. For example, OpenSea does not natively support Binance Smart Chain NFTs. While it is possible to wrap the token, we recommend that you store your NFT securely on the original blockchain.
To transfer your NFT to another trading platform, send the collectible to your wallet. Once it is safely stored, send it to the correct deposit address of the new platform. Be sure to double-check that your wallet and any platform receiving the NFT supports the token standard of the NFT.
How to mint NFTs on the Binance NFT Marketplace
1. Visit the Binance NFT Marketplace homepage and click [Create]. Before creating, you need to connect your cryptocurrency wallet.
2. Next, simply upload your digital files (images, audio, video, etc.).
3. Be sure to add a description (metadata) for your NFT. You will also need to choose whether to create a single NFT or a collection (a group of NFTs).
How to mint NFTs on BakerySwap
The entire process of creating an NFT on BakerySwap takes less than 5 minutes. All you need is a certain amount of BNB to pay for the minting fee (0.01 BNB at the time of writing) and a digital currency wallet to store BNB.
Please note that the minting fee may change with the price of BNB. If you have not yet registered a wallet, we recommend using Trust Wallet for mobile users and MetaMask for desktop users.
The following items can be minted in BakerySwap:
picture
GIF
video
Audio
Steps to mint NFTs on BakerySwap:
1. First, visit the BakerySwap NFT marketplace and link your wallet by clicking the button in the upper right corner of the screen.
2. After successfully linking your wallet, click [Mint Artwork] to start creating NFT.
3. Fill in all collection information in the required fields.
4. Below the NFT details, click the [+] icon to upload your file. You can also view the current minting fee below the anti-plagiarism statement.
5. After confirming that the information you filled in is correct and uploading the picture successfully, you must agree to the anti-plagiarism statement before clicking [Cast].
6. If using MetaMask, a window will pop up asking you to confirm payment of the minting fee.
7. After payment, you can view the NFT in the blockchain through BscScan. After completing the above operations, you can transfer and trade as you wish.
How to mint NFTs in Treasureland
Treasurland is part of the BSC project Dego Finance (a decentralized finance (DeFi) protocol and NFT ecosystem) and is part of its NFT marketplace. It is completely free for creators to mint NFTs using Treasureland, as all buyers of NFTs pay a fee.
Currently, Treasureland only allows users to mint images and GIFs, but you can mint single NFTs or launch series of NFTs and set royalties for creators.
1. Visit the Treasureland creation page, link your digital currency wallet, and officially start minting.
2. You will then be taken to the NFT creation page where you can fill in all the details of your NFT and upload an image or GIF.
3. Please note that Treasureland has locked the royalties at 10% before creating the NFT.
4. Now you can view your NFT or sell it. If you need to transfer it, you must pay the minting fee.
How do I send my NFT to someone else?
Once you’ve purchased or created your own NFT, you can transfer it to someone else directly through your wallet. If your wallet has an NFT section, select any NFT you hold and click that option to send it successfully (Trust Wallet and MetaMask both offer this feature).
Please note that the recipient of the NFT must provide an accurate deposit address based on the type of token you hold. If you have an ERC-721 NFT in the Ethereum network, the recipient should provide you with the Ethereum ERC-721 deposit address of their wallet.
Can I share ownership and sales proceeds of my NFT with others?
NFTs are a little trickier to work with when it comes to collaboration. For the most common NFT types (ERC721, ERC1155, BEP721, and BEP1155), the owner can only be unique.
However, some projects have plans to allow the first sale proceeds to be split between different wallets. This feature is not built into the token's code and depends on the exchange or marketplace you use. We recommend that you carefully research the possibility of splitting the proceeds of NFT sales in the exchange you use.
If you want to have full control over your NFTs and store them in a non-custodial wallet.
Summarize
The non-fungible token ecosystem is developing rapidly and its convenience is significantly improved. For anyone interested in minting exclusive NFTs, the process is very simple. Whether you want to create, buy or sell NFTs, there is a project for you! Happy minting!