Minting 101
NFT minting is the process of creating unique digital assets on a blockchain network as non-fungible tokens.
Minting NFTs is a way for creators to establish ownership and authenticity of their digital assets, as well as to monetize their work by selling and trading the NFTs on various NFT marketplaces. NFTs are unique and cannot be replicated, making them valuable to collectors and investors.
How to Mint
One of the key features of NiftyKit is the ability to choose from several different minting options, including lazy minting or drop minting, minting editions, minting dynamic NFTs, and minting through an airdrop. These different types of minting give creators and project managers the flexibility to create and distribute NFTs in different ways, depending on their needs and goals. Moreover, there are two types of collections where you can mint, these are DROPS and EDITIONS.
DROPS
Drop Minting allows creators to mint their NFTs on-demand rather than all at once. It saves you the upfront costs of gas fees by letting your buyers or collectors pay for the transaction.
With Drop minting, you can easily create:
Generative Drop Collection
Open Generative Drops
Dynamic NFTs
Minting Dynamic NFTs
Dynamic NFTs, also known as "programmable NFTs," are tokens that can have to change attributes or behavior over time. They can be used for gaming, art, music, and more, and can provide users with unique and interactive experiences that traditional NFTs cannot offer. Using Niftykit Drop collections, you can edit the image and metadata, and re-arrange the order of tokens pre-mint and post-mint. This will give you the ability to create your own dynamic NFTs
EDITIONS
Edition Minting is where NFTs are only minted a set number of times. Creators can decide how many NFTs to mint, and once that number is reached, no more NFTs will be minted. This approach can be useful for creators who want to create a sense of scarcity and exclusivity around their work, which can increase demand and value. Limited Editions can be used to create 1/1s.
With Edition minting, you can easily create:
1/1
Limited Editions
Open Editions
-> Learn to create your edition
Minting Open Editions and Limited Editions
Open Edition NFTs are NFTs that can be minted an unlimited number of times. Creators can mint as many Open Edition NFTs as they want, and buyers can purchase as many as they want. This approach can be useful for creators who want to make their work accessible to a larger audience or want to generate more revenue by selling more NFTs.
Limited Edition NFTs, on the other hand, are NFTs that are only minted a set number of times. Creators can decide how many NFTs to mint, and once that number is reached, no more NFTs will be minted. This approach can be useful for creators who want to create a sense of scarcity and exclusivity around their work, which can increase demand and value. Limited Editions can be used to create 1/1s.
Last updated