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Performaroo - Getting started with NFTs - how to mint your own

Getting started with NFTs – how to mint your first

With all the hype around NFTs, every artist, creator and entrepreneur is looking for ways to cash in on the latest craze while trying to make an impact on the space. However, if you’re new to NFTs it may be quite daunting and intimidating to get started.

From conceptualizing to minting, rallying a community and selling your NFT, we’ll cover all the steps you can take to make the process as seamless as possible.

Step 1: Conceptualisation

Coming up with a concept could be tricky if you aren’t creative – but don’t let that bog you down. It’s as simple as having a broad understanding of the NFT space and what types of NFT projects you can start. The popular projects lately are your collectibles, PFPs and art.

A great way to come up with a concept is to understand what you’re passionate about and what you’d be able to execute relatively quickly and without having to sign a second mortgage on the house. Most newbie, one-man-bands either go the art or PFP direction. So you can create digital art, upload your poems, photos etc. as NFTs and sell them to make a name for yourself.

From conceptualising to minting, rallying a community and selling your NFT, we’ll cover all the steps you can take to make the process as seamless as possible.

Step 2: Decide on a platform (marketplace) and chain

With a range of NFT marketplaces and chains available, you’re really open to taking your pick. Opensea is the largest marketplace for NFTs but there are others out there each with their own benefits, niche artists etc.

Platform Chains Supported Getting Started Platform Fees

Opensea
Ethereum (ETH) & Polygon (MATIC) Compatible Wallet (MetaMask for example) 2.5% Royalty Fees + Gas (If minting on ETH)

Rarible
Ethereum, Flow and Tezos Compatible Wallet (MetaMask for example) Fees vary

Holaplex
Solana (SOL) Fantom and Arconnect wallet 0.000005 SOL ($0.00025) per transaction

Step 3: Setup your community

It’s time to dust off your Twitter account from yesteryear or set up a new account along with a Discord server. Discord is the go-to platform for crypto and gamer fanatics and between that and Twitter you’ll need to get your community rallied behind your project.

Discord isn’t always necessary if you’re into selling one-off pieces or aren’t big into building a massive collection, but Twitter is vital. Do your homework on trending content, hashtags and accounts that may be interested in what you have to offer.

“Regardless of how low or high the market is, the community is so enthusiastic and constantly tagging our project in different things constantly talking about it,” said Maliha Abidi, whose Women Rise NFT collection launched in November 2021 and sold out in 50 days, generating 2,000 ETH of trading volume in the process.

Step 4: Get those creative juices flowing

Although this should be somewhat in parallel with step 3, now that you have your bases covered you can get to work. It’s always advisable that you use the resources you have at your disposal if you’re doing this project solo. If you have financial backing and have the resources to onboard a team, great.

When creating NFTs, try follow these rules: research similar projects or see where you could collab with other creators; keep your audience top-of-mind while creating; keep in mind the file type and sizes of your content (based on your platform); factor in accessibility (if you’re going the audio or written route).

Step 5: Minting your NFTs

Okay so by now you’ve conceptualized, chosen your platform and chain, built your community and created your art. Now comes the fun part – minting your collection or single NFT. When it comes to minting your project you have two choices:

1. Code
2. Low/No Code

If you’re a coder by trade or somehow figured out how to run code to deploy your projects, great. But the majority of people opt for either direct-upload to their platform of choice (step 2) or they use low/no-code platforms like Moralis & Thirdweb to deploy their NFTs.

Uploading your NFT and subsequently “minting” on Opensea for example is really simple and each platform gives step-by-step instructions to do so.

*If you’re minting on Opensea you have the option to go “gas-free” (on Polygon) to dodge the high gas fees on the Ethereum blockchain.

Step 6: Selling your NFTs

Congratulations for making it this far. You’ve done the hard work to get here so give yourself a pat on the back. Now all that’s left is to sell your creation. Pricing can be based on your research, how much you feel your piece is worth and a range of other factors.

The going price for projects ranges between 0.03 and 0.1ETH. However, you can test the market and gauge where your art sells to make more informed decisions down the line.

Platform Average Price (USD)
Mintable $900.00
Opensea $500.00
Valuable $150.00

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Becoming an NFT creator may seem very intimidating at first but once you have one or two under your belt you’re set.

Understanding POAP

Understanding Proof Of Attendance Protocol in NFTs

With the Metaverse picking up momentum, a few protocols have been popping up all over the show – and one of the biggest is the Proof Of Attendance Protocol. But what does it mean exactly?

POAP (pronounced Poh-ap) is a great new way to keep a reliable record of life experiences. Every time you attend an event or perform an activity in person or in the metaverse, you will receive a unique badge that is supported by a cryptographic record. These badges are represented as an NFT that is minted on Ethereum sidechain xDai and live within the user’s wallet.

All POAPs are created with the ERC-721 standard used for NFTs but in order for an NFT to be classified as a POAP it needs to meet 3 basic criteria:

1. It must be minted through the POAP smart contract
2. It needs to contain the metadata related to a specific time or date (up to one year in length)
3. It must have an associated image

Medium states that “Each event has a custom design, meaning POAPs quickly turn into a rare collection of coveted NFTs which can only be earned by traveling the world to one of Ethereum’s most sought after gatherings.”

This both proves your attendance and opens you up to a world of possibilities. The new protocol allows event organizers to engage with their audiences on a deeper level by providing more customized and tailored experiences.

The one benefit of POAP is the ability to integrate a range of services like exclusive events, private chat rooms, competitions and so on. On the user or attendee side, POAP can be used as a bragging right or to store a memento to remember an event in the years to come (basically a web3 version of storing your ticket stub of seeing your favorite band or attending the World Series).

An individual can use a POAP in a number of ways:

  • As proof of attendance or bragging rights to show you attended an event
  • As a ticket or entry mechanism to attend an exclusive event or be part of an elite group
  • As a raffle entry (see poap.fun)
  • As access to “draw” on a shared canvas with various communities (live and collaborative)
  • Community polls

The POAP Collection would be a digital representation, that only requires the individual to have a wallet address. The distribution metric can then be used to distinguish what members did and are doing to achieve the POAP.


How does it work?

Simply visit the POAP platform to create your own event and to distinguish what you’ll be able to offer attendees or members. The users will then be able to look out for QR Codes in the POAP events to start collecting badges and participate in activities.

Users are continuously going to be looking for ways to brag that they were at the start of the “next big thing” and the only way to prove that would be by means of a POAP badge. Imagine if you could prove you were in the room when the iPhone was launched for the first time? With a POAP you will hold “proof” digitally and be able to showcase it publicly and be privy to the benefits that stem from attending such events.

How do I claim a POAP?

When you attend a POAP-sponsored event, the event organizer will distribute claim codes in the form of QR codes or URLs. Simply scan the QR code or enter the URL in your browser to claim the POAP using your ETH address.

Can I sell POAPs I have collected?

Although it isn’t recommended (due to it being linked to your life’s story) you can in fact sell your POAP by using epor on xDai and Opensea on Mainnet.

How much does it cost to set up a POAP?

Absolutely nothing. All costs are covered by POAP, so it is 100% free for both issuers and attendees (end users).

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There’s no doubt that POAPs are the future for events both in the real world and in the metaverse. Gone are the days of printing tickets, welcome to the new way of managing and attending events – welcome to POAP.