How To Mint NFT On Solana? In 6 Simple Steps
Solana has come up to be the best competitor of the Ethereum blockchain. Do you know that it is also easier to mint NFTs on Solana Blockchain? Well, most of us are not aware of how to do it. Right? So, here is a post that will tell you how to mint NFTs on Solana.
Solana is one of the most popular cryptocurrencies. Solana was launched in April 2019, and it cost less than $1 per coin. Soon after that, its price rocketed, and today, it costs more than $200, and it ranks at number 8 among the 10,000 cryptos available in the market.
Solana is the fastest blockchain in the world and can verify 65,000 transactions per second at a very low cost. Solana can power smart contracts, decentralized finance apps, NFT, and much more. Solana has its marketplaces Solanart and Magic Eden, where minting fees are negligible. It is almost SOL or $0.00000026
We will be discussing how to mint NFTs on Solana in a step-by-step guide. What are the advantages and the fees? Without losing time, let’s get started with our post.
What Is Solana?
Solana is a cryptocurrency platform launched in 2019. Each Solana token is called Sol. It was created by Anatoly Yakovenko.
Solana operates on a decentralized computer network using a ledger called a blockchain. It is like a running receipt. It manages and tracks the currency and records every transaction in it. The computer network records the transactions in the currency and verifies the integrity. Here are some of the applications of the Solana.
NFTs:
Solana powers NFTs, allowing artists, creators, and others to sell their digital art to customers on the marketplace.
Currency:
You can use Solana to send or receive tokens using a crypto wallet. You can also transfer it in exchange for goods and services.
Smart Contracts
Once the conditions have been fulfilled, smart contracts will automatically execute the terms of the contract.
Digital Apps
Solana powers a range of apps, including play-to-earn games, social media, and more.
Decentralized finance
With Solana, you can transfer money without any government control. This can be done using permission-less payments.
Also Read, Top 6 Most Valuable NFT Projects: One Must Invest In
How To Mint NFTs On Solana?
Here are the steps-by-guide on how to mint NFTs on Solana. Follow these steps carefully to mint your NFT successfully.
Step 1: Connect To Solana
Solana has three different networks.
- The mainnet
- The testnet
- The devnet
Among them, devnet is a low-risk environment where you can mint your NFT.
Step 2: Connect To Your Wallet
- You need a wallet that supports Solana.
- If you have a wallet, then go ahead.
- Otherwise, create an account in a wallet like Coinbase.
Step 3: Purchase SOL
- Login to your account.
- Purchase some Solana coins or SOL.
- Always remember to purchase a few more SOLs to pay the gas fees.
Step 4: Connect To Phantom Wallet
- A phantom wallet will be required to complete your minting process.
- You need to create an account here.
- Once your account is created, you need to send SOL here.
- From the Coinbase wallet or any other wallet, you just transfer your SOL to your Phantom Wallet.
Step 5: Create Your NFT
- Your digital artwork needs to be ready. Now you will turn your digital artwork into an ERC-20 token. Here are the steps to be followed to create your NFT
- Create an account with a wallet to mint an NFT.
- Create an account with a wallet to send the NFT to.
- Mint the NFT and send it.
Also Read, Best Hardware NFT Wallets Of All Times | 10 Best Hardware Wallets
Step 6: Mint Your NFT
Marketplaces like DRONIES or Solanart, and Magic Eden to mint your NFT in Solana. The minting fees are negligible in these marketplaces.
There are many other marketplaces, but in this post, we will stick to DRONIES.
- Go to the official website of DRONIES.
- Connect your wallet.
- Upload your NFT.
- Pay the mint fees.
- Your mint is successful.
Wrap Up:
Congratulations! You have made it so far and know completely as how to mint NFTs on Solana.
You have successfully created an NFT on the Solana Blockchain. This process is not just for creating new NFTs. This process is also necessary if you want to resell your NFT using Solana.
Solana is growing crypto. If you consider investing in Cryptos, then Solana is also an option you need to consider. Solana provides users with some unique features which other Cryptos fail to provide.
If you want to know more about Solana, leave a comment below.
Frequently Asked Questions
Q1.How Much Does It Cost To Mint On Solana?
Solana has its marketplaces Solanart and Magic Eden where minting fees are negligible. It is almost SOL or $0.00000026
Q2. How To Mint A Solana Token?
- Install Mathwallet.
- Create Solana Wallet
- Deposit or purchase some Solana
- Add token
- Select the token you want to mint
- Confirm the transaction.
Q3. What Is Mint Authority Solana?
Mint Authority is the public key of the keypair that is allowed to the mint token. The current supply is the number of tokens that have been minted.
