How To Mint NFTs On OpenSea

Published: Mar 07, 2022, 10:10 am Updated: Mar 07, 2022, 10:10 am

OpenSea is by far the most popular place to buy NFTs, but if you want to mint an NFT, how does it work?

Non-fungible tokens or NFTs are slowly becoming a profitable extension of the digital crypto world. Digital artists, companies, and just everyday investors are all creating NFTs to sell, with most going through OpenSea.

Here's what you need to know about minting on OpenSea.

What Is NFT Minting?

In crypto terminology, minting refers to a process where a digital file is tokenized using advanced cryptography. Tokenization, further is a process, that successfully converts a digital merch/collectible into a token that can be stored in an online wallet.

This is clearly a popular phenomenon now. As of 2022, the NFT market has expanded exponentially from $350 million to a whopping $23 billion market in one year.

The special feature about minting an NFT is that the cryptography utilized to tokenize digital merch registers the name of the owner in a blockchain, hence, endorsing its exclusivity to the entire network.

Such sole identification allows users to own an item independently without having to share it with any other person. It also eliminates the chances of replication of forgery to maintain the item's rarity quotient intact in the long run.