NFT creation website: see five platforms for developing tokens | Bitcoin and virtual currencies

Interest in creating NFTs has grown more and more as technology has grown in popularity. Non-fungal tokens are a kind of blockchain certificate of authenticity that certifies the exclusivity of a particular digital asset. They have been particularly successful in the field of digital art: images, videos and music have become NFT and are on sale in large numbers.

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After celebrities spent millions buying NFTs, users became even more curious about how technology works and the process of creating tokens, also known as “lies”. That is, in the same way that “mining” of cryptocurrencies is possible, there are also platforms and methods for issuing NFTs, that is, converting files into digital assets. Next, TechTudo It lists five platforms for the development of tokens on the Internet.

The list includes five sites for creating NFTs – Photo: Picture Alliance / Getty Images

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Binance Smart Chain (https://www.bnbchain.world/en/smartChain) is well-known in the market for selling and buying cryptocurrencies, and moves millions of dollars every day. Recently, the platform has been expanded to provide users with the ability to create NFTs. In addition to Binance’s original blockchain, the company also has a Smart Chain, where users can create and exchange their tokens.

Binance has its own blockchain to create NFTs – Photo: Reproduction / Guilherme Ramos

It should be noted, however, that the development of NFTs is not free. There is a 0.005 Binance Coin (BNB) fee, which is the cryptocurrency of the platform, for each “mined” NFT, roughly equivalent to BRL 10.32 at the current price. In addition, if the token is sold, a service fee of 2.5% will be charged on the negotiated value. To use Binance Smart Chain, the user will need an encryption wallet such as Metamask or Trustwallet.

The OpenSea platform (https://opensea.io/) operates in various areas of the token market, including the purchase, sale and creation of its NFTs. Thanks to the popularity it has developed in recent years, OpenSea is an interesting opportunity to exchange “lies” and NFTs. However, it should be noted that this is also not a completely free site.

As there is no fee for creating NFTs, OpenSea charges 2.5% of the value of the token sale. In addition, the platform also charges a “gas fee”, a kind of maintenance fee to keep the site running.

OpenSea has a large NFT catalog – Photo: Reproduction / Guilherme Ramos

It is worth noting that OpenSea also offers “lazy minting”. In this mode, the user only owns the token when someone else decides to buy it. This makes it possible to create NFTs for free, as the file will initially be outside the blockchain.

Rarible (https://rarible.com/) is a platform for creating free NFTs similar to OpenSea. While not as large a market as its competitors, the site provides a good connection between those interested in technology to make their tokens. In Rarible, this process is done through “lazy minting,” which allows NFTs to “lie” at no cost.

Rarible uploads special NFTs and entire collections – Photo: Reproduction / Guilherme Ramos

Another advantage of “lazy glory” is that the user does not have to worry about the “bureaucratic” part of owning a token, such as the contract and the “gas quota”. These will only be discounted at the time of purchase when someone decides to purchase NFT. The amount to be received is usually lower, but in this way the creator has not spent any money on the previous steps.

Enjin (https://enjin.io/) is a platform that uses the JumpNet blockchain, a kind of private version of Ethereum. In addition, the tool has its own token, ENJ. Therefore, users who want to create NFTs using Enjin initially need a small ENJ reservation in a digital wallet. Each currency unit costs R $ 9.11 at the current exchange rate.

Enjin has its own currency for the NFT market – Photo: Reproduction / Guilherme Ramos

The ENJ balance between JumpNet and Ethereum can also be migrated, if appropriate, when buying or selling NFTs. The platform is more focused on the tokens involved in gaming and moves away from the realm of digital art. It is worth noting that Enjin does not charge a “gas fee”.

The Foundation’s platform (https://foundation.app/) works primarily with digital art. The NFT creation site uses Ethereum and has the advantage of creating virtual auctions instead of selling tokens at a certain price. In order to purchase any goods, the user only has to register on the website. Interest in selling tokens must be approved by the community in advance.

Foundation supports digital art auctions at NFT – Photo: Reproduction / Guilherme Ramos

To create your NFTs or get the right to a Foundation token, the user must have a Metamask wallet. In addition, a “gas rate” is charged. On the platform, images, videos and audio files can be uploaded. One of the downsides of the foundation is that it requires a 15% fee, which is more than the 2.5% that other platforms charge.

With information from Trend Online and MakeUseOf

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