What is mint NFT?
In the world of creativity, a new opportunity is emerging: digital art.
Instead of selling real work, it's now possible to sell your work digitally. Non-fungible tokens (NFTs) provide unique opportunities for buying and selling works of art, NFT is a blockchain-based token that proves ownership of a digital object such as images, video files, music, and even physical assets.
Simply put, creating an NFT means converting digital files into cryptographic collections or digital assets stored on a blockchain.
Creating an NFT from scratch requires access to the blockchain and the NFT marketplace. Simply put, NFT “minting” is the unique publication of your token on the blockchain, making it available for purchase.
To mint# What is NFT mint? To use NFT, you need to create a digital wallet (here are proven and well-known wallets: Phantom, Coinbase and Rainbow).
After creating a wallet, you will have to purchase some cryptocurrency to cover the costs of creating an NFT. Now you need to link your wallet to any NFT marketplace.
The NFT Mint, in simple terms, is the birth of an NFT on a blockchain or, to speak a smarter language, the process of acquiring a digital asset that is a converted digital file stored on a blockchain.
NFT Minting allows you to make NFT product that you can buy, sell and transfer between wallets.
To date, there are several sites that allow NFT Mint, one of these sites is CryptoMore.
What is needed for NFT mint? Only two conditions:
Crypto purse compatible with that blockchain on which NFT Mint occurs. On CryptoMore collections are getting minted in the Solana blockchain.
The amount equal to the NFT Mint Fee.
Now you can create your NFT. Depending on the marketplace you linked your wallet to, you can add a name, description, price, and other metadata to your token.
Once you have created an NFT, the marketplace will charge a small fee for publishing it. From here, the NFT can be listed for sale on the marketplace.
If you're in the business of creating digital art, then a mint of your NFTs can be a valuable source of income.
How to evaluate the income of a mint?
You have already gone to the project website and are ready to purchase the coveted NFT, but still doubt your success?
Of course, there are doubts about the success of NFT before buying it on a particular marketplace.
But all doubts can be dispelled and you can try to evaluate the sales factors of the collection right during the minute.
To do this, first of all, you need to look at the amount of time elapsed since the beginning of the minute and what percentage of NFT has already been sold. For example, if 20 minutes have passed since the beginning of the mint, and 500 out of 1000 NFTs have already been sold, then the popularity of the project is obviously very high. This means that it will be much more expensive to resell NFTs.
In addition, you should definitely go to some marketplace and see at what prices already minted NFTs are sold. If either the minimum price is already higher than the price of a mint, then it is worth participating. Here you can also evaluate the overall sales activity of this NFT collection.