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July 24, 2023

What is NFTs minting?

 

NFT minting is the process of creating a new non-fungible token (NFT) on a blockchain. This involves converting digital files such as artwork, music, videos, or other types of content into unique digital assets that are recorded on a blockchain ledger. During minting, specific information about the NFT, including its metadata (like the creator, ownership history, and attributes), is encoded and stored in the blockchain, ensuring its authenticity, provenance, and rarity. Once minted, the NFT can be bought, sold, or traded on various NFT marketplaces, often using cryptocurrencies.

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