Selecting a Platform
Minting NFTs is typically done on blockchain platforms that support NFT standards, such as Ethereum (ERC-721 and ERC-1155), Binance Smart Chain (BEP-721 and BEP-1155), Flow (Cadence), and others. Creators and artists choose the platform that best suits their needs, considering factors like transaction fees, scalability, and community.
Preparing Digital Content
Before minting an NFT, the creator must prepare the digital content they want to tokenize. This can include digital art, music, videos, virtual goods, virtual real estate, collectibles, or any unique digital or physical item. The content is often stored in a digital format, and creators may need to adhere to specific file requirements and standards depending on the chosen blockchain.
Creating Metadata
Metadata is essential information associated with the NFT, such as the title, description, artist's name, and any additional details or attributes. Metadata is stored off-chain (outside of the blockchain) and is usually hosted on decentralized storage services like IPFS (InterPlanetary File System) to ensure that it remains accessible and immutable.