Updated: Apr 26, 2021
A NFT or non-fungible token is a digital representaion of an asset created by the process of taking any form of information and giving it a unique hashcode to exist on a blockchain. Today we are going to use mintable to create an ERC (Ethereum Request for Comments) -721 token. This protocol allows us to create multiple tokens of varrying value.
These assets or tokens can be anything from a service, music, property to digital art.
why make a NFT? The benefits of doing such include standardization, decentralization, and transparency in ownership, access and control, over goods or services.
How do we do it?
1: CREATE A METAMASK WALLET WITH METAMASK.IO
When setting up your wallet, make sure you are setting it up at the proper site. Sites with ".COM, .ORG, .NET" are scams and could possibly steal your information and crypto.
That being said, avoid setting up accounts when you are tired, distracted, or emmotional to lessen the chance of getting taken advantage of.
Now once you have begun the set up on either METAMASK.IO or the app from the APPSTORE you will be asked to setup a 12 word seed phrase.
Make sure to back up your 12 word seed phrase in multiple secure locations. as with decentralization if you lose you device or get locked out there will be no "support" to help you unlock and get back in.
2: CREATE AN ACCOUNT WITH MINTABLE.APP
I personally prefer Mintable.App because of its easy to use interface and gasless minting feature which allows you to list items for free without any ethereum in your wallet. Once the account is set up on your phone Mintable will then open up INSIDE the MetaMask browser. Once Mintable.app is open in metamask.io you can begin to create your account.
3: MINTING YOUR ITEM
when you are just starting you are probably not trying to create a custom smart contract right away, so you want to select "easy" instead of "advanced". Next you will select the type of item you are minting pick the most appropriate from the 7 choices given. After that name your item and upload the file. Select wether you want the a fixed price or an auction and click "LIST THIS ITEM". You will then be asked to provide a digital signature in MetaMask and you are done! Congratulations!