An insider’s guide to
Have you ever been to an art gallery before? Or maybe you enjoy listening to a playlist of your favourite artist’s tracks. Perhaps you fancy yourself having a little more class and are a purveyor of fine memes.
Whatever your preferred way of taking in art may be, the most important part of the equation is the art itself.
Strolling through a completely bare Louvre would be a pointless exercise, unless of course you were there for the architecture. There’d be little to no musical motivation pressing play in the gym before a workout and hearing nothing but static. And let’s not even think about opening Reddit only to find it’s barren of all may-mays.
Minting NFTs is just as important in the NFT world as it would be for an artist to have their works published in the physical world.
If you’re so far into the thick, dense fog of ‘How the hell do I even do this NFT minting thing?’ you’d need a Sherpa and maybe Aladdin’s carpet to get you out, you’re in the right place.
At Mooning, we’re like the ‘Neo from the Matrix’ of the NFT world. We see things nobody else does, and can also fly.
… Okay, so we might not be able to fly, but we’ll definitely get the sale price of your NFTs flying! Give our team a call today on 1300 818 435 to find out what we can do for you.
What is NFT minting?
If you’ve made it this far and you’re unsure of the minting NFT meaning, you might feel a little bit out of the loop right now.
The meaning of minting an NFT is to upload a digital file and convert it into a digital asset that is stored on the blockchain.
For example, let’s say you create a drawing in MS Paint. You reckon it’s pretty darn awesome and want to see if you can sell it, so you choose an NFT marketplace to list it on and upload it there. The marketplace then converts your drawing into a digital asset and stores it on the blockchain used by them.
But minting an NFT doesn’t only include digital art. You can mint just about any other digital file including:
- In-game items
- Domain names
- Social media posts
And basically any other digital file out there.
Still all sounding a bit like we’re speaking the Ewok language? If you have one or more digital files ready for NFT minting, we’re here to take all the headaches out of the process. Call us now on 1300 818 435 to find out more.
What’s the cost of minting NFTs?
The cost of minting an NFT can vary quite substantially depending on a couple of different factors.
First, it will depend on the marketplace you decide to mint through and list with. Each has their own fees which may include a (one-off) fee for initialising a selling account as well as the actual minting fee per NFT. Then, of course, there can be listing fees on top of that.
There are some marketplaces which don’t charge these fees but instead require a percentage of the final sale price of every NFT you sell.
Another factor in the NFT minting cost will be the current market rate of the cryptocurrency you’re using when paying these fees. As you probably know already, the value of crypto can fluctuate drastically from one day to the next, so if you’re looking to save money it’s worth keeping your eye on the market.
Don’t use guesswork when you’re minting your NFTs. We have the knowledge and experience to consult you on the best marketplaces your NFTs will perform on. Speak with us today on 1300 818 435.
How do I go about minting an NFT?
Okay, now let’s get into the actual minting process of NFTs.
1. Decide on a specific type of NFT
Think about the type of file you want to create. Will it be a music track? A digital art piece? Social post? It should be something you think has the potential to see the most traction in the market.
2. Create the asset
Making a mintable NFT means spending time conceptualising whatever it is you’ve decided to create and then building it so it matches what you had in your head.
3. Choose a marketplace
An NFT marketplace is a platform that can offer minting, listing and selling of NFTs - the same concept as eBay or Amazon.
There are dozens of marketplaces out there for NFTs; Mintable, OpenSea, SuperRare… the list goes on. Research each of them to determine the right one that works for your type of NFT.
Note: Some marketplaces don’t support minting, so make sure the one you decide on does!
4. Sort out a crypto wallet
The marketplace you choose will accept certain types of cryptocurrency. Choose a crypto wallet (e.g. Coinbase, Exodus) that accepts these coins and add some funds into it that cover whatever fees you need to pay for the NFT minting/listing/selling.
Once you’ve done all that, connect your wallet to your marketplace account.
4. Upload your NFT
Log into your chosen marketplace and find the link for ‘Create’ or ‘Mint’. Upload the digital file you want minted into an NFT and fill out whatever details are required, then click the button to finalise the minting.
5. List it for sale
You didn’t mint it for nothing, did you? Follow the links to create a listing, where you’ll need to decide if you want to sell it for a fixed price, or through an unlimited (untimed) or timed auction.
Go through the remaining steps and add a seller’s description, et voila!
6. Implement a solid marketing strategy
Bring your minted NFT to the forefront of potential buyers’ attentions through an effective marketing strategy. Because without one, it’ll likely get lost in the vast sea of NFTs being listed at the same time.
Connect with a specialist NFT marketing agency
If you’re still feeling a little bit overwhelmed or lost in terms of minting NFTs and would like some expert assistance to help you get the job done properly, you need the team at Mooning.
But our awesome talents don’t just stop there. We’ll also work with you to create the listings and work through the sales.
We’re still not done, though. We also have a team of social media managers who have many years of experience growing online communities, increasing brand engagement and creating a real ‘buzz’ on social platforms for brands. This is an essential ingredient when it comes to cooking a deliciously tasty NFT campaign.
Our legit NFT skills still aren’t exhausted, though. A listing by itself doesn’t help much if nobody knows about it. But through the solid marketing campaign we implement to complement the social media management, you’re sure to see the sale price of those special digital art pieces mooning before you can say ‘Man, I’m glad I collaborated with these folks!’.
So what are you waiting for? Don’t miss out on the enormous potential of NFTs! Talk to the number one NFT marketing and community management consultancy in the business - Mooning - today on 1300 818 435 or send us an online enquiry.