OpenSea is a leading NFT marketplace that supports more than a million transactions every month. Minting and trading NFTs on this platform comes with several benefits. For instance, you keep actual ownership of work while still gaining more visibility.
With that said, minting NFTs is a bit trickier than selling NFTs.
If you want to mint NFT on OpenSea, you will need to purchase ETH, create a digital wallet, link it to your account, and then upload the digital asset of your choice. Here’s a quick step by step guide on how you can do this and all the NFT minting costs.
Step 1: Buying Ethereum
Even though the final selling price will be up to you, the gas fee will determine how much Ethereum you will need to start minting NFT on this platform and the Ethereum mining fees involved.
A mini is usually one of the best starting points. The gas fees are what are used to pay the miners. You can consider it like the minting fee.
What are Gas fees?
Gas prices are basically like minting fees paid to miners to mine the crypto, and also so one can process different transactions on the platform. The costs involved here are usually outside the influence of OpenSea.
The final sale price will usually include these fees, all in the total minting cost.
Step 2: Creating the Crypto Wallet for NFT minting
After buying Ethereum, you’ll need to create a digital wallet. This wallet is what you’ll use to trade NFTs on the platform. One of the best options is the MetaMask wallet. Not only is it straightforward but it’s what OpenSea prefers. It works well with Brave and Google Chrome as a browser plugin.
Next, connect the wallet to your account. Then, open the MetaMask browser extension and enter your password to unlock it.
Log on to opensea.io and click the profile icon. You’ll get a prompt from the site to connect to a crypto wallet. Select MetaMask. You’ll receive a verification email.
Step 3: Creating Your First Non-Fungible Token
The best way to mint NFT on this platform is by creating a collection. Why a collection? NFTs generally sell better and are more visible when part of a collection. You can have different variations of a single NFT with individualized shapes, colors, etc.
Your collection can be like your own unique digital artwork portfolio. You can add memes, your latest NFT art, and even sketches and drawings.
Step 4: Minting the Non Fungible Tokens
Once you create your first collection, it becomes to add NFTs to it. From here, the process is pretty simple. First, open the NFT collection you’ve just created.
Next, click the add item button, upload your non-fungible token and name it.
Lastly, fill in the description, levels, and property of the new digital assets in the NFT world. Once you’re through, click create.
The NFT market has exploded over the past couple of years. Everyone’s talking about how they want to get in on the action. There are not many better ways of doing this than minting an NFT on your OpenSea account