If you want to create your own NFTs, the Binance NFT Marketplace is a great place to start. You can also do it directly on the Binance Smart Chain (BSC) using DeFi platforms like Featured By Binance, BakerySwap or TreasureLand. BSC offers low fees, quick transaction times, and has a growing NFT community.
There are many platforms to choose from, but usually, you just need to fill in your NFT details, upload your digital art or file, and pay the minting fee. If you feel like selling your NFT, you can quickly put it on a number of NFT marketplaces too.
You’d have to have been living under a rock not to have heard about the recent NFT (non-fungible token) hype. Celebrities, digital artists, and creatives are all gearing up to put their artwork on the blockchain.
From paintings to songs and even collectible NBA trading cards, the possibilities are enormous when minting NFTs. It’s a great way of proving authenticity and ownership of creative works.
If you’re really talented (or lucky), you can also make some decent money. Think of it as a digital collectible record or one-off painting. If there’s a significant demand for your NFT, prices can be sky-high. You might have heard of visual artist Beeple, who sold an NFT called “Everydays: the First 5000 Days” for more than $69 million.
Apart from Beeple, other artists are selling their NFTs on blockchain-based marketplaces. The top sales speak for themselves.
Before minting NFTs
Before you can start minting your own NFTs, you’re going to need three things:
- Your song, artwork, or collectible
- Some crypto to pay the minting fee
- A cryptocurrency wallet to store your crypto
You’ll also need to pick the blockchain where you will create your non-fungible token. We’ll get into this in more detail later.
What is an NFT?
So you might be sure you want to mint an NFT, but do you know exactly what one is? At its most basic, it’s a type of cryptocurrency that represents something unique, collectible, and that cannot be replicated.
A simple analogy of an NFT is a shiny Pokémon card. Anyone can print one off and perhaps even make it look almost identical to a real one. But it’s just not the same in the mind of a collector.
We value the shiny Pokémon card for its uniqueness and authenticity. This is the same with an NFT. Of course, you can download the NFT’s associated image or collectible, but that doesn’t represent actual ownership or authenticity.
Even NFTs in a limited run aren’t all the same. You may have the 01/100 in the series, which can make it more valuable than the other units.
To learn more about the NFT craze’s origins, you can’t go wrong by reading up on CryptoKitties and CryptoPunks. These were some of the first hugely popular digital collectible projects on the Ethereum network.
What can be an NFT?
A big question to answer is what precisely an NFT can represent. Can it only be digital items or real-world artworks too? While it’s not as common, physical collectibles can be represented by NFTs. In these cases, the private key to a wallet containing the NFT is usually inbuilt or provided with the piece.
Christie’s even auctioned off the physical blockchain-inspired NFT art Block 21 (42.36433° N, -71.26189° E) (from Portraits of a Mind), with an associated NFT on an OpenDime hardware wallet.
Still, it’s much more common for digital artworks, songs, gifs, and videos to have their own NFT. Even video game collectibles can be represented with NFTs and financial staking products. Crypto art and NFTs aren’t just limited to one format, so the sky’s the limit when it comes to creativity for your new NFT.
Do I need a specific wallet to use NFTs?
This all comes down to the network you choose to create your token on. Fortunately, nowadays, most wallets support Ethereum and Binance Smart Chain, so it shouldn’t make too much difference. These blockchains are the two most commonly used for NFTs.
What’s most important here is to check the blockchain network your token is built on. If it’s an Ethereum token, you will need an Ethereum supporting wallet. If it’s on Tezos, you’ll need a wallet that supports Tezos.
To make it simple, we recommend using MetaMask or Trust Wallet. These two crypto wallets support a wide variety of blockchains. You should always double-check, however, that your wallet supports the blockchain your token is on.
What blockchain should I use?
There are quite a few blockchains to choose from when minting an NFT. The Ethereum network was the first major blockchain to offer non-fungible tokens as we know them today. The list of NFT-compatible blockchains now includes Binance Smart Chain, Polkadot, Tron, Tezos, and many more.
Most NFTs nowadays exist on either Ethereum or BSC. However, gas fees on Ethereum have made minting and handling NFTs quite expensive. Binance Smart Chain is a much cheaper alternative and also benefits from its faster transaction speed. There are plenty of NFT marketplaces and projects, giving you a big audience for possible buyers.
What platform can I use to create NFTs?
Picking a platform to mint your NFT comes down to personal choice and the blockchain you want to use. Most BSC protocols will create your NFT as a BEP-721 token, so they will end up technically the same wherever you pick.
If you want to trade your token easily afterward, it’s probably best to choose a platform that has a marketplace you are familiar with. This way, you won’t need to transfer your NFT to a different place after minting it.
For ease of use, we recommend BakerySwap and Treasureland. These BSC projects all have simple interfaces and cheap fees for minting your NFT. BakerySwap has the largest marketplace for NFTs, making it a good choice for anyone who would like to sell their NFT after minting. Treasureland lets you mint NFTs for free. If you’re looking at using Ethereum, consider OpeaSea or Rarible as two of the most popular options.
Can I transfer an NFT from a BSC marketplace to another?
You can easily transfer your NFTs between marketplaces, so long as the new platform supports your token type. For BSC marketplaces and exchanges, the vast majority will support both BEP-721 and BEP-1155 tokens. These are the most common types of BSC NFTs you will find.
What you cannot do is transfer your NFTs directly to a marketplace on another blockchain. For example, OpenSea does not natively support Binance Smart Chain NFTs. While it may be possible to wrap your tokens, we recommend keeping your NFTs safely on their original blockchain.
To transfer your NFT to another exchange, send the collectible to your wallet. Once you have it safely stored, simply send it to the correct deposit address of the new platform. Always make sure to double-check that your NFT token standard is supported by your wallet and any platform you transfer it to.
How to mint an NFT on Featured By Binance
Go to the Featured By Binance homepage and click [Create]. You will need to connect your crypto wallet to do that.
Next, you just need to upload your digital files (images, audio, videos, etc.).
Make sure to add a description (metadata) to your NFT. You will also have to choose between creating individual NFTs or a Collection (a group of NFTs).
How to mint an NFT on BakerySwap
From start to finish, you can create NFTs within 5 minutes on BakerySwap. Just make sure you have some BNB ready for your minting fee (0.01 BNB at the time of writing) and a crypto wallet to store the BNB.
Note that minting fees can change based on the price of BNB. If you don’t already have a wallet, we recommend Trust Wallet for mobile users and MetaMask for desktop.
With BakerySwap, you can choose to mint:
The following steps will illustrate how to mint an NFT on BakerySwap.
First, head to the BakerySwap NFT Marketplace and connect your wallet in the upper right-hand corner of the screen.
Once you’ve connected your wallet, click [Mint Artworks] to start creating your NFT.
Fill out the required fields with all the collectible info.
Underneath your NFT’s details, click the [+] icon to upload your file. You can also see the current minting fee underneath the anti-plagiarism declaration.
When you’re happy with the information you’ve filled in and successfully uploaded your image, make sure to agree with the anti-plagiarism declaration before clicking [Mint].
If you’re using MetaMask, a window will pop up asking you to confirm payment for your minting fee.
Once you have paid, you can view your NFT on the blockchain with BscScan. It’s now available to transfer and trade as you wish.
How to mint an NFT on Treasureland
Treasureland is an NFT marketplace part of the BSC project Dego Finance, a decentralized finance (DeFi) protocol and NFT ecosystem. Minting NFTs with Treasureland is also free for the creator, as anyone who purchases the NFT pays the fee.
Treasureland currently only allows users to mint pictures and GIFs, but you can choose between a single NFT, a series, and set creator royalties.
Head over to the Treasureland Create section and connect your crypto wallet to begin.
You will then land on the NFT creation page, where you can fill in all of your NFT’s details and upload your image or gif.
Note that Treasureland has locked royalties at 10% before creating your NFT.
You can now view your NFT or put it for sale. If you want to transfer it, you will have to pay the minting fee.
How do I send my NFT to someone else?
Once you’ve bought or created your own NFT, you can send it to someone else directly from your wallet. If your wallet has an NFT section, you can simply select any of your NFTs and click the option to send it (Trust Wallet and MetaMask offer this feature).
Note that the recipient of your NFT will have to provide you their correct deposit address for the type of token you have. If you have an ERC-721 NFT on the Ethereum network, the recipient should send you their Ethereum ERC-721 deposit address from their wallet.
Can I share NFT ownership and sale proceeds with others?
When it comes to collaboration, NFTs can currently be a bit tricky. For the most common types of NFT (ERC721, ERC1155, BEP721, BEP1155), it’s only possible to have one owner.
However, some projects have plans to allow for the proceeds of a first sale to be split among multiple wallets. This feature is not built into the token’s code but relies on the exchange or marketplace you are using. We recommend you check for the possibility of splitting the NFT’s sale amount on the exchange you use.
If you want to have complete control over your NFTs and want to store them in a non-custodial wallet, you can use a decentralized platform, such as Featured by Binance.
The non-fungible token ecosystem is growing fast and becoming easier to use. For anyone interested in minting their own NFTs, the process is quite simple. Whether you want to create, buy, or sell NFTs, there’s a project out there for you to use. Happy minting!