How to Mint an NFT on Solana - A Quick and Easy Guide
Are the days of high Ethereum gas fees gone? Lots of NFT supporters have turned to proof-of-stake blockchains such as Solana for the answer. NFTs and crypto don’t seem to be going anywhere anytime soon, and you can now choose to mint an NFT on Solana, which is more affordable than the Ethereum blockchain.
What is Minting?
What exactly is minting? You may know it simply as the creation of the NFT on the blockchain ecosystem, but it’s more than that. You are basically tokenizing your digital file, whatever it is, to turn it into an asset that can be moved, stored, and become officially a part of the blockchain of your choice. In this case, the blockchain is Solana.
There are dedicated minting platforms out there, but one of the best ways to take your NFTs from minting to listing them for sale is to use an NFT marketplace, as many of them have an integrated minting system. We’ll get into the top marketplaces that support Solana and how to use their minting services in a bit, but in order to pay for it, you need to use a digital crypto wallet.
Getting and Funding a Solana Wallet
In order to pay for transactions, you will need a digital wallet that supports the blockchain’s native currency, SOL. The best Solana wallets include:
- Phantom (our top pick)
Let’s take the Phantom wallet for example, as it is the best one and is widely supported. You must first install the Phantom wallet. You can do it by going to the website and downloading the browser extension.
When the download is complete, a new page will pop up and you can follow the steps to create your wallet. You will be given a recovery phrase that you cannot misplace as it is paramount to recovering your account.
The next step is to fund your wallet with SOL. You need to purchase SOL on a cryptocurrency exchange such as Coinbase. You can transfer the purchase SOL to your wallet by copying and pasting the wallet address.
Minting a Solana NFT on Solsea
To mint on Solsea, the first step is to create an account on the site and then link your wallet. Just click on the “connect wallet” button to get started.
Enter all the relevant details the pop-up page will ask for, agree to the terms and conditions, verify your account via email, and you’re done!
Minting is very easy on Solsea, just follow these steps:
- Click “create” and then “collection”, and choose the name and enter a description for your collection.
- Once you’re done, just click “create”, look over and sign the transaction details while you wait for your collection to mint.
- When you’ve verified all the details are correct, head over to the same “create” tab in step 1 and click on “NFT”.
- Upload the supported file (JPEG, GIF, PNG, MOV, or MP4)
- You can then give the NFT a title and description once the upload is complete
Setting Royalty Payments
As an NFT creator, you get to set royalties on your projects. Royalties are the percentages that you make from secondary sales. It happens every time the NFT is resold.
Average royalties are 5 to 10%, because the higher the royalties you set, the more you’re taking away from a buyer’s initiative to sell.
You will need to fill in the relevant details and assign tags to your NFT to help with search functions. You can also embed licenses into your NFTs for security, which gives buyers peace of mind, and you can also add traits to determine rarity before you list them. You can also consider listing your collection drop on NFT Drops to ramp up the anticipation.
• Can you mint NFT on Solana?
Yes, you can mint an NFT on Solana. The first step is to get a Solana wallet, like Phantom, and make an account with a minting platform like Solsea. Once you have funded your wallet with SOL, you can connect the two and get started on the minting.
• Can I sell NFT on Solana?
Yes, you can sell NFTs on Solana. While Solana is technically a blockchain, it supports many NFT marketplaces where you can not only sell your NFT, but buy other ones and mint new collections for a cheaper price than Ethereum.
Many people are turning to look at other blockchains such as Solana, Cardano and Algorand for cheaper gas fees and faster speeds compared to Ethereum, the giant in the NFT space. Marketplaces on Solana can support minting, which helps you seamlessly create, list and sell your NFT collection. You can even set royalties to make money on secondary sales.