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- 1 Non-fungible token (NFT) is a unique and cryptographic token that can’t be replicated and is only used for transactions.
- 2 Immutable X, a popular name in the NFT space, allows users to enjoy a seamless experience of minting and trading NFTs.
The unique digital identifiers recorded on different blockchains certify authenticity and ownership. The NFT has expanded its roots in the fields of gaming, art, music, and PFPs and has more room to run. These tokens are assigned unique identification codes and metadata that make them unique from each other.
But have you ever thought about how these tokens are minted? Let’s explore the whole story of NFT minting.
All About NFT Minting
NFTs are assets that have been tokenized using a blockchain, certifying authenticity and ownership. Unique codes and metadata are used to make them unique and be exchanged or traded for cryptocurrencies, money, or other NFTs.
NFTs are almost similar to cryptocurrencies but can’t be interchanged, even though they look identical. The creation of each unique item is done using the minting process, in which the information of the respective NFT is recorded over the blockchain.
Going into details, NFT minting requires the creation of a block, feeding NFT information that is being validated by the validators, and closing the block. Smart contracts in the process account for assigning ownership and managing the transferability of the NFT.
During the minting process, the tokens are assigned a unique code and identifier that are directly linked to the blockchain address. Let’s understand the minting of NFTs on IMX.
How to Mint NFT on IMX?
Immutable X was developed by the Immutable company to fulfill the need for fast, cheap, and frictionless NFT transactions. IMX is a popular name in the NFT industry and is designed to uplift the scalability level of Ethereum for NFT projects. Also, the platform made NFT minting and trading more seamless for the users. Zero gas fees, processing of 9000 TPS, carbon neutrality, and access to instant trades make IMX an essential part of the NFT space.
Let’s mint NFT using the IMX platform.
Before initiating the process, make sure your system is installed with Node.js, Yarn, and Visual Studio Code if working with Windows and Homebrew in addition to operating on macOS. The next step is to set up MetaMask, which can be installed via the browser extension.
Change your network from Ethereum Mainnet to Goerli Test Network and don’t forget to note down the public and private keys. Deploying the smart contract on the network is the next step following the setup of Pinata, which hosts files on Pinata. Here, you need to create three images for the NFT, which are then uploaded to the respective file.
The next process is to create metadata, followed by creating an Etherscan API key, which can be done by navigating Etherscan. Creating an NFT contract, installing a dev library, and deploying the contract are some upcoming steps in the minting process.
Afterward, adding the NFT collection to Immutable X, registering as a user, developing the project, and registering the collection are some final steps to make. The final step is to add the assets to the network by minting them.
Conclusion
With time, the popularity of NFTs in the marketplace is booming. NFT projects are attracting more and more investors towards the environment. IMX is a platform designed to offer fast, cheap, and frictionless NFT transactions.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
