Qitmeer Network — The Ultimate Guide to NFTs
💎🔍Imagine driving a car without any guides or manuals — how confusing would that be? Similarly, crafting NFTs without sufficient guidance can be perplexing. We aim for everyone to easily participate, craft, and own NFTs.
Therefore, in this article, we will provide you with a straightforward guide to help you understand the process of minting and trading your own NFTs.
Now, let’s explore this exciting world of digital art together!
What is NFT Minting?
Minting NFT is the process of converting a digital file or item and storing it on the blockchain.
Before you begin minting, you need to consider factors such as quantity, royalties, and other metadata. These decisions will ensure the originality of your NFT and enhance its trading opportunities on the secondary market.
Why Mint NFTs?
The reason for minting NFTs is to establish ownership of digital assets. Once the NFT is minted, tokenized information is permanently stored on the blockchain, enabling the tracking of asset ownership.
Whether you’re an artist, creator, or business professional, NFTs can authenticate your work and offer various direct profit avenues without intermediaries.
For game developers, NFTs can create financial value and enhance user experience.
For businesses and manufacturers, NFTs can ensure product manufacturing and supply chain transparency, bolstering user confidence.
Understanding the key elements before Minting NFTs
Before you start minting NFTs, there are some key factors you should be aware of. These factors include:
Selecting the Minting Source
NFTs are simply a way of storing data representing digital or physical assets on blockchain. This means you can tokenize anything or any file type by storing its metadata on the blockchain.
Your items can be in any format, such as JPG, MP4, MP3, etc. Additionally, you can also mint in-game digital items like virtual land, weapons, avatars, and skins as NFTs.
Applicable Blockchain Networks
Choosing the appropriate blockchain network before minting NFTs is a crucial decision because different blockchain networks have distinct features and performance.
Ethereum, as one of the most popular blockchains, dominates the NFT space. However, with the flourishing NFT market, high-traffic projects might face challenges on the Ethereum network, especially concerning transaction congestion and high fees.
In such cases, selecting a blockchain suitable for high-traffic NFT projects becomes paramount. Some emerging blockchains, like Qitmeer, employ high-performance consensus mechanisms, capable of handling more transactions and providing lower fees, making them an ideal choice for certain high-traffic NFT projects.
Smart Contract Enhancemen
The minting of NFTs goes beyond storing item data on the blockchain. Through smart contracts, NFT holders can also enjoy additional rights and privileges. This opens up more innovative possibilities for digital art and other digital assets.
Network Gas Fees
The cost of minting NFTs varies depending on the blockchain platform. On mainstream blockchains like Ethereum, minting NFTs can be more expensive due to network congestion and high gas fees.
In contrast, Qitmeer offers a more favorable scenario in terms of smart contract deployment costs and transaction fees. This makes it easier for users to participate in NFT minting and trading
NFT Minting Platforms
The platform for minting NFTs is not fixed; for example, when minting NFTs on the Qitmeer Network, you have options like DimAI, Woowow, nfts2me, thirdweb, and more.
However, due to variations in the complexity of minting operations on each platform, newcomers may find it more user-friendly and convenient to use the NFT minting features provided by DimAI or Woowow.
NFT Trading Market
Choosing the right platform for NFT sales is also a crucial consideration.
The Woowow NFT marketplace, as the current most popular NFT market on the Qitmeer blockchain, boasts a robust community base and a highly liquid trading environment, providing more exposure and trading opportunities for your NFTs.
How to Mint and Trade Your NFTs
Create a Cryptocurrency Wallet
NFT platforms like Woowow, DimAI, and others require the use of a cryptocurrency wallet for login. Currently, only browser extension wallets compatible with EVM multi-chains are supported, such as MetaMask, BitKeep, and the like.
Before you start, please ensure you have created the relevant wallet address.
Top Up Your Wallet
As platforms like Woowow and DimAI are built on the Qitmeer Network, before proceeding with any operations, you’ll need to purchase the native cryptocurrency of the Qitmeer blockchain, MEER, and recharge your wallet with MEER.
Minting NFTs on DimAI
Step 1
- Open the DimAI platform, navigate to the MintNFT feature in the menu, choose the image you want to turn into an NFT, and click on the MintNFT option.
Step 2
- Add an NFT title, description, and select a DimAI collection for management. Click the MintNFT button and pay a certain amount of MEER as network GAS fees.
Step 3
- Once the NFT information is uploaded, the page will display the successful minting of your NFT. This indicates that your NFT has been successfully minted and stored on the Qitmeer blockchain.
Trading NFTs on Woowow
To sell your NFTs on the Woowow platform, follow these steps:
- Start by creating a collection on Woowow. Set the trading price and listing duration for your NFT, click to list your NFT, after paying the blockchain network fees, and your NFT will be listed in the marketplace.
Summary
🗝💎We hope to help you better understand the process of minting and owning NFTs through this guide. We are committed to making it easy for everyone to participate in this exciting field.
