How To Mint An NFT With ETH
You’re looking to mint an NFT with ETH or in other words, Ethereum. This is wonderful news. With that said, it’s not as difficult to achieve or as confusing as one might make it, so let’s crack this all wide open for you. But to start, let’s familiarize those who are brand new to the NFT scene and don’t even know what they are.
What is this ‘Minting’ you speak of?
When you decide to mint an NFT, you create an irreplaceable and unique digital token that lives on the blockchain you’re minting on. In this case, that token will live on the Ethereum blockchain, which is then linked to your wallet, proving that you are indeed the owner of the aforementioned token.
When you mint an NFT, you are basically giving digital birth to it. Anyone can mint NFTs. Suppliers, consumers, and many more, but for the purpose of this guide we will stick to the more common of the two which is consumers. This is most commonly done when a collection is generated for the first time; so when you decide to mint you have a randomized chance of getting a super rare NFT like mentioned in this article. But in the majority of cases, you’ll get an average piece that sells for the floor price.
How To Mint An NFT With MetaMask
First things first, you’ll need to go ahead and install the MetaMask plugin to your browser. It’s suggested you use Google Chrome, but will work with all major browsers with some additional plugins. Visit this website to download the extension. I also recommend that you pin the extension to the top for easy access to your NFTs and funds of your wallet later on.
After downloading the extension, you can click on it and be taken to a ‘Get Started’ page. On this page, you’ll want to click ‘Create A Wallet’, and set up your account from there by following the prompts. The next prompt you will be receiving will be about your secret recovery phrase, which you need to note and keep in a safe, secure, and preferably offline location. Now that you’ve got that set up and ready to go, it’s time to start making some purchases.
Most projects have a project website where you can mint your project straight from the creators themselves. This is usually designated with a mint page. Upon clicking on the mint button, you’ll receive two MetaMask popups. One will ask you to link your wallet to the website and the other has to do with minting the token itself. It should look like this:
As an example, around 0.02 ETH is considered a pretty good gas fee for minting a project. Trying to mint at different times when there is less traffic on the blockchain is key. If the fee is much higher than this, consider the cost investment you are making.
From here, press confirm, and after a few hours your transaction will most likely be completed and the NFT will be available for your viewing pleasure in your wallet!
Congratulations! You’ve now minted your first NFT!
For more on how to find and buy an NFT, click here! Or, if you want to learn about NFTs in general, check out the beginner’s guide.