Most of these one-of-a-kind tokens have a unique creator who signed the transaction that minted them (learn here how to mint an NFT
). The minting process prints the token’s unique characteristics into the chosen blockchain. Once minted, NFTs get a code number that’s unalterable and will accompany them forever.
The most popular blockchain for most NFT marketplace
for minting is Ethereum,
but there are NFTs on Solana, Cardano, Tezos, the Binance Smart Chain, and others.
You’ll need to own enough of the blockchain’s native currency to pay for the minting fees. The size of your artwork file and the metadata that accompanies it are directly proportional to the fees
, and that’s crucial. The other factor is the state of the selected blockchain at the time of minting. High demand for processing means higher fees (also called "gas" in crypto slang), it’s as simple as that.Now, what NFT marketplace you’ll use to showcase your artwork?
These are blockchain specific. For your NFT to be available in OpenSea
, the most popular platform, you’ll have to use Ethereum or Polygon and pay for your gas fees in ETH or MATIC. Each blockchain has a few marketplaces to choose from, check their characteristics and choose the one that’s right for you.
In the NFT world, these blockchain-specific native currencies are the unit of account. This means the NFT prices are often expressed in these "currencies". This also means that the price of the NFT is intrinsically linked to the blockchain’s native currency.