NFTs have taken the crypto world by storm and opened a new investment avenue for those who know what they’re doing. And while minting an NFT can seem a complicated and challenging thing, it’s surprisingly easy.
In this article, we’re going over how you can mint your first NFT on Opensea.
Also read: How does Opensea make money?
What is minting an NFT?
Minting an NFT refers to tokenising a digital file and transferring it to the blockchain where it is stored and can be transferred to and fro between multiple buyers and sellers.
Putting your NFT up for sale is relatively easy. However, if you’re minting your first NFT, there are a few charges you need to know about before you get started.
First up, Opensea charges a 2.5% service fee on every transaction on the platform. Other than that, there are gas fees involved with making transactions on the Ethereum blockchain, which has the most number of NFTs on it at the moment.
For first-timers, Opensea requires a small transaction to be made to your wallet of choice so they can verify the authenticity of the account. This transaction will need you to pay a gas fee. Also, keep in mind that gas fees aren’t fixed and can fluctuate a lot based on the activity on the blockchain.
Now that you’re aware of the charges, let’s mint your first NFT on Opensea.
Step 1: Head over to the Opensea website and tap on the profile icon in the top-right.
Step 2: You’ll be asked to connect your wallet to Opensea. We’re using MetaMask, but you can use any wallet of your choice.
Do keep in mind that different wallets have a different registration process. MetaMask works by installing itself as a browser extension and requires a unique key each time you login to your wallet. Your experience may vary based on the wallet you choose.
Step 3: Once your wallet is linked, you’ll be on the profile page. Click on the Create button to get started. You might be asked for verification from your wallet before proceeding.
Step 4: You’ll be on the Create New Item page. Here you can upload your image, video, audio or 3D model of the NFT you want to list as well as fill out other information such as name, an external link, description, properties, levels, stats, the supply amount and the blockchain you want to use (only Ethereum and Polygon at the moment).
When you’re done, click the Create button to finalise the item.
Step 5: Once the page refreshes, click the Sell button on the item page.
Step 6: You’ll be taken to a listing page where you can set different parameters such as price, whether you want to sell at a fixed price or do a timed auction and more. Once you’re done, click the Complete Listing button, pay the required gas fees, and you’ve minted your first NFT.
Also read: Should you freeze metadata in Opensea?
