How to mint NFTs: A step-by-step guide

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NFTs provide unique, irreplaceable ownership of digital assets like art, music, among other things. With artists earning millions from music, collectibles, and designs, it seems the NFT train is going full steam ahead. The cryptocurrency mania has propelled the non-fungible tokens (NFTs) or digital collectibles market to new heights in 2021. Total NFT sales volume is expected to have topped $17 billion by the end of the year, per reports. But how are these NFTs minted and can you mint one? Yes, anyone can mint NFTs.

There are multiple NFT marketplaces to choose from if you want to sell your art online. Some of the most prominent are OpenSea, Rarible, SuperRare, and Foundation. Currently, many of these marketplaces are only on the Ethereum network, so you must have its native currency Ether and a wallet compatible with the Ethereum network.

Here's a guide to minting your own NFTs.  Also Read // How to buy NFTs: A step-by-step guideA step-by-step guide to mint NFTs Each marketplace has a different process to mint NFTs. However, most of the steps mentioned below will be applicable in some form to all marketplaces.

The only major difference in various platforms available for minting NFTs is the fees they charge.  Get a crypto exchange account If you already don’t have an account with a crypto exchange, then you will need to make one. As mentioned above, most NFT marketplaces are currently based on Ethereum platform, and therefore, you will need to have ether in your wallet to pay for the one-time fee for minting your NFT. The use of a crypto exchange will help you liquidate the crypto if you want to convert it into traditional fiat. Get a crypto wallet A crypto wallet is essential if you want to buy/sell NFTs in any NFT