-How to Mint NFTs-

Sphynx Network
4 min readNov 29, 2021

We’ll begin this post by going over some essentials that will help you better comprehend NFTs. In addition, we’ll make sure that you understand what “minting an NFT” is all about. Furthermore, although NFT markets or NFT platforms may be the most convenient method for the typical individual to mint an NFT, these solutions are not genuinely decentralized.

As mentioned, we would first like to ensure that you’re up to speed before we take a closer look at how to mint NFTs. Thus, let’s start at the beginning by answering “what are NFTs?”. Non-fungible tokens, or NFTs, are a special kind of crypto asset. As the term “non-fungible” suggests, each NFT is unique. As such, even when two NFTs represent the same digital file or are essentially copies of the same NFT, they have unique on-chain properties. With that in mind, it should come as no surprise that digital art and collectibles are the most obvious use case for this type of token.

Additionally, from the blockchain’s viewpoint, an NFT is nothing more than a transaction with additional information attached. It is possible to transform any digital file into a crypto asset since the transaction may be assigned to any digital file. As a result, there may be some uncertainty as to how to produce NFTs. Whether or whether it refers to the digital file’s creation In other words, is it talking about the actual transaction, or is it referring to the full process that leads to a single, unique cryptocurrency asset? The answer to this question varies on who you talk to.

In the eyes of digital artists, the development of a JPEG or an audio file is the most important phase of the process. Developers, on the other hand, may argue that it is the transaction’s completion that is the most important step. As a result, looking at the complete process may be the best course of action. Even if a digital file has nothing to do with NFTs until it is allocated to a specific transaction on a blockchain, we feel that developers may have a reasonable argument. To further alleviate misunderstanding, the phrase “minting an NFT” is used.

Minting an NFT — What Does it Mean?

The verb “mint” primarily refers to stamping metal coins issued by the government. However, the crypto community uses the same term in relation to NFTs. As such, “to mint” or “minting” an NFT refers to the process of executing the transaction mentioned earlier. By doing so, we assign a particular digital file and other parameters we determine to an NFT. All this data gets written in a particular block of the blockchain ledger and thus becomes metadata.

How to Mint NFTs

After learning the fundamentals, including what minting is, you are now ready to learn how to mint NFTs. NFTs may be created in a variety of methods as previously stated. Because of this, you must be aware of your own preferences. If you don’t know how to write and are willing to overlook the centralized nature of NFT markets, you could consider using one if you need an NFT minted quickly.

How to Mint NFTs in a Centralized Manner

There are several relatively reputable NFT platforms or NFT marketplaces available to anyone with a crypto wallet. Including Rarible, SuperRare, OpenSea, Mintable, Nifty Gateway, etc. Moreover, some major centralized exchanges (CEXs), such as FTX and Binance, also recently opened their own NFT marketplaces.

Furthermore OpenSea remains the most popular option. However, we must point out that this is a centralized way to mint an NFT. Therefore, it is not something we recommend to those proficient or who have solid coding skills. However, it is by far the quickest and simplest way to mint an NFT.

You should also keep in mind that minting an NFT is not limited to Ethereum. Of course, Ethereum is still the most popular blockchain for launching tokens, whether fungible or non-fungible, but there are other reputable chains available (such as Avalanche, Binance Smart Chain (BSC), Polygon, Solana, etc.). However, most of the leading NFT marketplaces solely focus on Ethereum.

When minting an NFT, you basically create a transaction on a particular chain. This means that you get to store the relevant information in a particular block. Moreover, if you’ve finished this article, you know that there are several ways to mint an NFT. If you do not mind centralized platforms and limited options, you may be able to complete the process by using one of the popular NFT marketplaces, such as OpenSea. However, in order to mint NFTs in a completely decentralized way, you need to do some programming.

To wrap things off, I want you to pay attention to the following announcement:

December is an important month for the Sphynx Network, therefore I encourage you to keep an eye on us. Sphynx Network plans to develop an NFTs Marketplace and mint NFTs.

Stay tuned and enjoy the party : https://t.me/sphynxnetwork

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Sphynx Network

The next generation of yield farming and liquidity mining will be introduced by Sphynx Network to Decentralized Finance Space.