Mintified

NFT Glossary Deep Dive:  Drop

NFT Glossary Deep Dive: Drop

Ellen Britt for CNT #NFT You’ve probably heard the word “drop” used when a musical artist is about to release a new song. Or a new, limited edition of the latest big-name sneakers are about to hit the market. That’s a drop too. Well, the same thing applies in the NFT world, when a new NFT is about to be released to the public. Only this time, the drop is digital. Most NFT drops don’t just come out of the blue but are announced in advance so that as many people as possible will have a fair share at nabbing them. But there are many…
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Mintified Specializing in Wearables and Hangables

Mintified Specializing in Wearables and Hangables

Troy Warren for CNT #NFTTroy Warren announced today that MINTIFIED.Com will specialize in wearable and hangable fashion in creating custom LIMITED EDITION NFTs.Mostly the NFT market is made up of purely digital assets which is great, and at the same time with the physical asset it gives the purchaser an added benefit.MINTIFIED recognizes that the average NFT fan has no clue how to create their own digital asset that spews out royalties on the long road and can create generational wealth.  Thus, it is launching its DONE FOR YOU program including the custom NFT creation, plus the marketing and promotion…
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NFT Glossary Deep Dive: Gas Wars

NFT Glossary Deep Dive: Gas Wars

Ellen Britt for CNT #NFT Gas wars is the term given to the skirmishes that happen when too many people try to mint the same project all at once within a small time window.  Of course, the validators prioritize people who pay more for gas, which naturally leads to a bidding war. Prices are then driven ever higher as people try to get ahead of the line. Whales Have The Advantage The average person gets priced out of the action fairly quickly as gas prices rise higher and higher, but whales (meaning those with deep pockets) will not be affected…
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NFT Glossary Deep Dive: Gwei

NFT Glossary Deep Dive: Gwei

Ellen Britt for CNT #NFT We recently took a look at gas and gas fees and what those mean for both NFT creators and buyers. One of the terms we mentioned was gwei, the smallest base unit of Ether. Let’s explore gwei a bit more deeply. The Ethereum platform’s native currency is ether (ETH) but gas prices will often be expressed in Gwei. Each Gwei is equal to 0.000000001 ETH (10-9 ETH). This makes it easier for both buyers and sellers to talk about price. If your gas costs 1 Gwei, that’s a lot easier than saying or writing out…
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NFT Glossary Deep Dive: Reveal

NFT Glossary Deep Dive: Reveal

Ellen Britt for CNT #NFT Many collectible NFT projects use what are known as placeholder images for their NFTs while minting is in progress. The actual artwork is only revealed once the collections are sold out.  There are a couple of types of drops, which use different reveal strategies: Sock It To Me!   One - The Delayed Reveal: Collectors mint the NFT’s placeholder image, then the actual NFT is revealed at a later date. Two - Revealed Upon Mint:  Collectors immediately see the final NFT so soon as they mint from your drop page. Both types of reveal have their…
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NFT Glossary Deep Dive: Burn

NFT Glossary Deep Dive: Burn

Ellen Britt for CNT #NFT To burn an NFT is to permanently delete it. When an NFT is burned, the NFT is sent to a blockchain address that is not spendable. Think of an unspendable address like a black hole on the blockchain where nothing ever comes back out. The First Law of NFT Thermodynamics So in reality, you can’t ever really and truly delete an NFT, because once it has been minted and published to the blockchain it’s permanent. To burn it simply means that it has now been assigned an unspendable address. The NFT is not destroyed, it’s…
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NFT Glossary Deep Dive: Airdrop

NFT Glossary Deep Dive: Airdrop

Ellen Britt for CNT #NFT An airdrop is when an NFT is dropped into your wallet for free! Many projects do this to reward their early adopters and active participants. Just to be clear, don’t confuse  an NFT airdrop with Apple’s AirDrop feature, which you can enable to share and receive pictures, documents, and other types of files with other Apple devices that are in proximity to you. NFT Airdrops As Rewards An NFT airdrop is used primarily as a marketing tool by the developers of a project, in which they drop NFTs into a list of wallet addresses to gain…
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NFT Glossary Deep Dive: List

NFT Glossary Deep Dive: List

Ellen Britt for CNT #NFT In the simplest terms, to list an NFT is to submit it for sale on an NFT marketplace by making a listing. But exactly what does this mean? Let's get a closer look at this term from our NFT Cheatsheet. Listings are the NFTs that are up for sale on a marketplace. If you have ever sold anything, such as an item on eBay or even advertised a garage sale in your local newspaper or put a notice about the sale on Craig’s List, you first had to list the item for sale.  A Clear…
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NFT Glossary Deep Dive: Gasless Minting

NFT Glossary Deep Dive: Gasless Minting

Ellen Britt for CNT #NFT When you mint an NFT, you will usually incur fees, called gas, from the blockchain. And just like intestinal gas, these gas fees can be painful. We’ll show you how to escape the gas! A so-called “gas” fee is incurred when you mint your NFT. Since Ethereum is the preferred blockchain these days on which to mint your NFT, the blockchain network is extremely busy. Of course, more demand equals higher fees, and lately, some of those fees can be exorbitant. Gasless Minting However, there is another option, known as gasless minting, which allows you…
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NFT Glossary Deep Dive: Mint

NFT Glossary Deep Dive: Mint

Ellen Britt for CNT #NFT Minting an NFT is the process of actually publishing your NFT on the blockchain. Now that your NFT is published it can be sold. But what does minting an NFT actually involve? First of all, you need to have access to a crypto blockchain as well as an NFT marketplace. Basically, and in the simplest of terms, it means creating a digital wallet that can securely store cryptocurrencies such as the wallets provided by Coinbase, MetaMask, or TrustWallet. Then, you can purchase some cryptocurrency to cover the actual cost of minting the NFT.  Create A…
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