Home » Anthony Georgiades Explains The Importance of Minting Your NFTs on Your Own Smart Contract

Anthony Georgiades Explains The Importance of Minting Your NFTs on Your Own Smart Contract

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Non-Fungible Tokens (NFTs) have taken the crypto space to a new level and even caught the attention of people outside of crypto. From the very early days to today, some NFTs have sold for millions of dollars in the form of cryptocurrencies.

However, for many people, especially those who do not have a prior understanding of how blockchain technology works and how to convert artwork, music, or videos into NFTs, making encryption a daunting task. It may become

smart mint solves this hurdle by providing a no-code NFT minting platform that literally anyone can use.

Current state of NFT mining

Prior to SmartMint, there were significant barriers to NFT mining entry. While there has never been a simple solution that allows users to easily create smart contracts and create NFTs that allow custom metadata, properties and attributes, persistent NFT data and metadata on a truly decentralized network. Enabled storage.

Creators can go to secondary NFT marketplaces to mint NFTs. However, they typically limit the number of traits or data that a user can add. And, in most cases, these marketplaces retain ownership of the smart contracts deployed on behalf of their creators.

Finally, creators will also find that these marketplaces offer limited functionality when it comes to metadata storage, authenticity, and support for protection against copymints and counterfeits.

So what are the alternatives?

For years, creators had to learn how to manually code and deploy their own smart contracts on blockchain networks, or hire developers to do it.

However, each blockchain has its own native programming language and complexity. For example, Ethereum’s smart contracts are written in Solidity, while Solana is based on Rust.

From a creator’s point of view, having to learn an entire programming language, in addition to understanding how a typical blockchain works, can be a time-consuming and tedious process that can add to your creative journey. away from passion.

This means that unless you spend months, if not years, improving your technical knowledge to learn how to deploy smart contracts, you have to rely on those markets that limit them. means However, all this is intended to be solved using SmartMint.

Smart contracts and their necessity

A smart contract is a program that runs on a blockchain network and is developed to execute when certain conditions are met. They are coded with a large number of functions and data residing at specific addresses on a decentralized blockchain.

Whenever users create NFTs via third-party solutions, software providers write, create and control these smart contracts.

What this means is that users who want to maintain full ownership of NFTs will essentially have to customize and create their own smart contracts. Creation.

Each smart contract gives users full control and ownership of the NFTs created within their collection, helping them manage the details of other marketplaces connected to the same wallet. This means that users can manage multiple smart contracts and retain ownership of them.

Create an NFT with your own smart contract using SmartMint

Pastel Network co-founder Anthony Georgiades explains: With SmartMint, creators only need to upload a file, add custom her properties and attributes, and select a network to create the NFT. “

SmartMint leverages Pastel’s advanced Sense and Cascade protocols.

  • Sense addresses fraud and copymint issues through a revolutionary near-duplicate detection system that uses ML algorithms to assess the relative rarity of NFTs. Creators can run her NFTs via Sense Protocol to prove their creations are authentic and rare.
  • Cascade is a decentralized storage layer that gives creatives true on-chain NFT persistence, so they don’t have to worry about pinning to IPFS, complex Arweave operations, or paying monthly hosting fees for centralized services. .

All a creator needs to do to use it is upload a creative asset, add custom traits and attributes, then create an NFT to securely store metadata and unique rarity it’s just a matter of calculating.

Then, with just a few clicks, you can list your NFTs for sale on your personal website or marketplaces like OpenSea or Rarible.

As for the various file types supported, SmartMint can handle:

  • Images in PNG, JPG, SVG, and GIF formats
  • Video in .MP4 file format.

Access and membership to the SmartMint platform is free. A user only needs to pay for gas to create her NFT on any of the supported networks. Currently supported networks include Ethereum, Polygon, and Solana, with more networks to be added in the future.

SmartMint users must list their NFTs on a secondary marketplace in order to sell them, but remember that they retain full ownership of the smart contracts associated with their NFTs. If this step is done directly in the marketplace, the marketplace typically retains this ownership.

Start using SmartMint today

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