In this article, we examine the 6 best NFT Minting Platforms and what makes them unique.
What is minting Crypto?
Minting cryptocurrency is the process of generating new units of cryptocurrency. Minting creates a new block, validates the information, and records that information into the blockchain.
The minting process also validates transactions on the blockchain, which is integral to its function.
The blockchain is a distributed ledger that maintains a continuously growing list of records called blocks.
Each block contains a timestamp and a link to a previous block. New blocks are added by “minters”, who are members of the network that use their computers to provide computational power for transaction verification.
A minter can be anyone who has access to the internet, computer, and the necessary software.
Under the Poof of work model, mining is the only process of extracting cryptocurrencies such as Bitcoin, which is only made possible with the help of expensive equipment capable of performing complex mathematical calculations which is why this method is called proof of work (POW) but this consumes a lot of electricity which makes it very ineffective and unsustainable.
These challenges of mining brought about the implantation of a new cryptocurrency mining model in 2012; Poof of stake.
“Proof-of-stake is the minting procedure for how blocks are formed and data is added to a block.”
Is minting the same as mining?
Minting is not the same as mining but minting is also a part of mining. … Minting refers to the creation of new coins under the proof of stake mechanism.
In the proof of stake model, there is no need for mining equipment, you only have to own the cryptocurrency, and the more coins you have, the higher the chances of creating a new entry in the blockchain and getting a reward for it.
Therefore, under the proof of stake model, coins are not created through mining but through staking, proof of stake model doesn’t have miners rather, it has validators.
What does minting mean in NFT?
The Ethereum blockchain is a public ledger that is unchangeable and tamper-proof, and minting NFT is how your digital artworks become a part of it.
Digital artwork can be represented as an NFT in the Ethereum blockchain, which allows it to be bought, sold, or traded in the market.
NFT minting creates NFTs by writing an NFT contract or by using any of the available NFT creation platforms and below are the top 5 best NFT Minting Platforms, you can comfortably mint NFTs on.
Are NFTs Good Investments?
The NFTs are digital tokens that show a bearer owns a unique asset such as an artwork and can be a worthwhile investment. They are quite expensive, just days back, CryptoPunk #9998, which is a part of a collection of 10,000 NFTs, “sold” for $530 million.
So why not, It is a worthwhile investment but this is not financial advice.
What are NFT Platforms?
NFT Platforms are digital spaces where NFTs are created, sold, or traded, the platform provides creators with the opportunity to create NFTs and sell the same.
Non-fungible tokens are created by artists (or creators), the place where the creation, buying, and selling of NFTs is done is called an NFT Platform.
NFT platforms provide creators the medium to create and provide purchasers with an avenue for purchasing created NFTs.
The Top 6 Best NFT Minting Platforms
If there is one clear winner when it comes to minting, buying, and selling of NFTs across multiple genres. It’s got to be Opensea.
As at the time of putting out this work, OpenSea is the best and most popular NFT minting platform, it is user-friendly and quite simple to walk around.
Its user-friendly nature makes it easier for you to create a token fast and easily.
Creating a token is free but you need to be ready to make payment in ETH for your NFT to be sold.
Due to the popularity of Opensea, it attracts a lot of buyers making Opensea is a good choice for creators.
It has got amazing features; it allows you to create and sell your NFT in bundles with other sellers’ NFTs.
This feature is unique because it broadens the auditory.
Opensea is an amazing NFT minting platform and we highly recommend it.
One of the best NFT minting platforms, Rarible is very much like Opensea, very easy to navigate, and user-friendly.
Rarible is linked, with OpenSea serving as the main repository. As a result, the NFT creation process is very familiar to that of OpenSea.
Rarible is a place where a community of NFT lovers meets to create and trade NFTs.
If you don’t fancy Opensea (which I will wonder why), Rarible is a great choice to find what you are looking for.
You can take walk around Rarible and see if its appeals to your desire.
Creators on Rarible can set prices of goods or allow buyers to bid on the goods, this way, the highest bidder goes with goods.
Sitting as the third-best NFT minting platform on our list is SuperRare, SuperRare is quite popular, it is built on the Ethereum network, and shares similarities with OpenSea and Raible.
SuperRare targets to be more like a social network for creators and collectors which enables anyone on the internet to be an art collector.
SuperRare is on a mission to be a global art economy with consideration of the digital age.
Another intriguing feature of this social atmosphere is that, unlike the other platforms, not anyone can join SuperRare even though anyone can purchase NFTs on SuperRare.
Only artists invited by existing members can upload artwork on the platform.
Artists must fill out an application form once they have been contacted, stating that all artwork made for SuperRare must be digital, original, and not available anywhere else on the internet else, they won’t be accepted into the platform.
As one of the best NFT minting platforms, Blockparty allows artists and brands to create a storefront of their own.
Their web3.0 tools allow artists to create unique and verifiably unique and connected Items.
You can create and manage your item, in Blockparty, fans are allowed to pay with credit cards or Ethereum, so you don’t have to worry about creating a wallet.
You can create unique NFTs, multiple editions, auctions, sales, and collection drops.
Blockparty has a multichain minting model that allows you to choose whether to mint your NFTs on Blockparty, Ethereum, or the flow of Blockchain.
You can also add uniquely secured physical goods to NFTs that only your collectors can redeem. Interesting!
Though sits as number 5 on our list, Foundation is without a doubt, one of the best NFT minting platforms.
It is built on the Ethereum network due to its ability to facilitate live auctions of digital artwork.
Foundation is not just for creators, it’s for curators and tastemakers looking for a blockchain-based art platform.
Just like SuperRare, anyone can register to purchase artwork on Foundation.
Foundation uses an auction process similar to some top auction platforms and any artist who wishes to create arts for the auction process must first be accepted into the community.
The invitation must come from a known community member who must have sold an NFT.
Before being invited, there must be voting by community members on which artist to invite.
Might sound like a surprising pick but no other deserves a place on this list at this time other than FTX.
FTX is not a community-driven NFT platform where you create and trade NFTs.
They are a big exchange platform and they deserve the attention, should others be here, yes, but FTX is a great NFT minting platform.