If you are ready to make massive money with NFTs, you must be prepared to do things right to get the right results. Generally, NFT launchpads allow creators to connect with investors and pitch the ideas of their forthcoming NFT projects. Interested investors then support the project even before it is minted.
But, the best way to maximize profits on NFT launchpads is to mint your own. Yes, nft launchpad and marketplaces allow you to mint your token and list it for ready investors. You don’t have anything to worry about; the process is easy. You can get it done within a short period. Though the procedure differs from one launchpad to another, it is always fast and easy. Click here to get about the best financial benefits of NFT launchpads you need to know.
If you have wondered how to mint your token, this article will teach you everything in simple eight steps. As earlier discussed, each NFT launchpads have its distinctive procedure for minting NFTs. Notwithstanding, you will learn the most common method that works for many top-ranked platforms.
Eight steps to mint your token on NFT launchpads
Step 1: Create your wallet and link
Of course, a typical NFT launchpad is a platform free for many users. But, you can’t just participate actively in the space except if you have a wallet. Hence, the first thing to do to start minting your token on any NFT launchpad is to create a wallet and link it.
To start, you must open a crypto wallet and connect afterward to the platform. Here is the practical way to get it done: click on the wallet icon or the ‘Create’ button at the top right corner. In some launchpads, that single click will create a wallet and link it to your profile, while others may require that you do it separately.
After you might have created a wallet for yourself, the platform will prompt you to link the wallet using a QR code scanner, or you can download the wallet on your PC. Note that the kind of wallet you create will determine whether your smartphone or your PC will suffice.
If you follow that process, your crypto wallet is linked, and your profile on the NFT launchpad is generated. Make sure you provide correct information when filling out your profile.
Step 2: Purchase Ether
The next step towards minting your NFT is to purchase Ether, also known as the Ethereum blockchain cryptocurrency. Most of the current NFT initiatives are based on Ethereum. Due to that, it is best to choose Ethereum as the blockchain platform for this topic.
For instance, if you mint art as NFT, you produce documentation on a piece of art on the blockchain. More so, your wallet address might be displayed, indicating the original owner of the artwork in the documentation. That declares a bold statement of ownership and gives you a sense of protection against thefts and scams. Interestingly, the message remains static and unchanged.
Step 3: Transfer the Ether from your exchange page to your wallet
After you have created the wallet and exchange, the next thing is to transfer the Ether from your exchange page to your wallet. Meanwhile, all exchange platforms allow users to send crypto with a public address to a wallet. Opening the wallet plugin on your browser will enable you to view the wallet’s public address.
Step 4: Fund your wallet
Before you can mint your token and list it for sale on any NFT launchpad, the platform would need to make some computations to perfect the process. Meanwhile, that transaction is referred to as a ‘gas fee’ and will cost you money. have you seen the reason to make sure your account is well funded? Let’s tell you more.
To conduct your first sale, you must acquire enough Ethereum – or any other cryptocurrency you prefer – on the NFT launchpad app and make sure it is deposited in your wallet.
When that is settled, the right thing to do is to transfer the crypto from your newly created wallet to the NFT launchpad account.
Step 5: Register on the launchpad with your wallet
After you have opened your wallet, visit the platform’s official website for proper registration. When you get in, find the profile option and click on it. Once that is done, the platform will allow you to link your wallet after confirming its authenticity. Note that your platform might not prompt the confirmation part, but it’s not a problem.
When you link your wallet to the platform, your profile will remain unidentified. To verify your account, enter your username and email address as requested. After that, your account will be verified. When verification is done, you can go on to create your NFT as you like.
Step 6: Minting the NFT
When all the above-listed process has been done successfully, the next thing is to put your creative skills to work. How complex this part would depend on the platform you choose. Generally, NFT launchpads assist creators in reducing stress and making the job easier. Click on the ‘create’ button on the platform to start minting your NFT.
Once you click the button, it will take you to the official website, where you will upload your NFT. After you have named and uploaded your token, scroll down and click on the create option. Boom! Your NFT is listed on the marketplace.
You may consider this as the final step, but there are two more things to perfect your efforts – run ads and manage them.
Step 7: List your NFT
Locate the option to sell your token on the page and click on it. It will take you to a website where you can auction it off or sell it for a stipulated price. If you prefer the fixed price option, make sure you set a reasonable price to attract customers.
Step 8: Manage your token
Once your token has been listed for sale, start interacting with customers. There’s an opportunity to build more tokens and add them as a collection. Whichever your choice, make sure you pitch as many potential customers as possible.
Mining your NFTs and listing them for sale on NFT launchpads can bring you a vast fortune. But you must be sure you focus on the listing and ad management part to make your entire efforts fruitful. Of course, many investors visit NFT marketplaces for inspection. But you can fold your arms, expecting luck to knock. You have to be strategic about your sales method.