Basic Guide on How to Create NFT
The NFT space
The past year has definitely been the year for NFTs with historical sales making headlines one after the other. The astronomical figures paid for these NFTs flashing in mainstream media has spurred on more and more people to jump on the bandwagon. From celebrities to budding artists, more are looking to cash in on the trend by releasing their own collection of NFTs. By now if you are still unsure what a NFT is, you can get up to speed by checking out our previous article about NFT.
Before we begin
Yes, NFTs are created by smart contracts on the blockchain. If you have not seen a single line of code in your life, fret not, this article is for you. We will explore on how to create NFT without the need of coding or a deep understanding of blockchains.
Let us start by deciding what the NFT will represent. NFTs can represent a wide variety of things, it consists of turning assets in the form of pictures, GIFs, videos and audio into NFTs. Common examples are original artwork, songs and clips. If you have a physical collectible which you would like to mint as a NFT, it would be easier to digitize it.
NFTs reside on the blockchain they are minted on and there are quite a number of NFT- compatible blockchains to choose from. Ethereum was the first major blockchain to offer NFT through its ERC721 token standard. Currently Ethereum and Binance Smart Chain (BSC) have the most NFTs on their blockchain.
The choice of blockchain should not be overlooked, as in most cases, the NFTs are not transferable between different blockchains. Your choice will therefore determine the total size of the addressable market for your NFT.
Another important consideration will be the fees involved as well as transaction speed of the underlying blockchain. As minting involves interaction with smart contracts on the blockchain, fees will be incurred. On Ethereum, it will be gas fees for miners to process the transaction. Due to the high transaction volumes on Ethereum network, the gas fees have soared, making it costly to mint NFTs. An alternative is to mint on BSC where the transaction speed is faster and the gas fee is a fraction of Ethereum’s.
In order to store the NFTs as well as pay the fees of the blockchain, you are required to have a crypto wallet. Different wallets will support different blockchains, so just ensure the wallet supports the blockchain you are minting your NFT on. You can check out MetaMask or TrustWallet, these are the two popular crypto wallets that supports numerous blockchains.
After setting up your wallet, you would also be required to purchase native coins for the fees on the respective blockchains. For Ethereum, it is ETH and for BSC, it is BNB, both of which can be bought with fiat on major exchanges.
Minting your NFT
With all these in place, it is time to address the elephant in the room, minting the NFT without knowing how to code. This can all be done through NFT platforms!
Introducing Mars Panda, it is a one-stop shop for all your DeFi activities. On Mars Panda NFT Marketplace, we provide you with our developers’ tools to create your own NFTs. This is all done through a simple and intuitive user interface with no coding required! You just have to upload your file, fill in the details of your collection, pay the gas fees and leave the rest to us. Built on BSC, the gas fees are relatively cheap. We will mint your NFT on BSC for you and it will be ready in minutes, the process is easy and stress free. After minting you can put up your NFT for sale on Mars Panda NFT Marketplace as well as explore other NFTs on sale.
You can be assured of the security of Mars Panda’s NFT Marketplace as our smart contracts will be audited by a reputable auditing firm, specialized in smart contract security.
Stay tuned for a future article where we will provide you with a step by step guide on how to use the Mars Panda NFT Marketplace.
Why wait, come join us now in this brave new world of the future.
The future is now, and the future is Mars Panda.
About Mars Panda
Mars Panda is a complete eco-system which consists of:
• Games, Social Media and Ecommerce Aggregation
• Yield farming DeFi
• Mars Panda game with NFT game elements
• NFT Marketplace
We aim to fuse mainstream eCommerce and Gaming to the crypto world of NFTs and DeFi, on one seamless, unified platform.
Find us at:
Legatus Global Pte Ltd is an entity that has obtained a regulatory exemption under the Payment Services Act (“PSA”) for digital payments token services. Legatus Global is commissioned to handle the issuance of Mars Panda Token (MPT) as well as the KYC/AML during the private sales and distribution of tokens to private investors. Legatus Global is also handling the process for private sales and distribution.