What is Mintable NFT Marketplace — And Everything You Need To Know

What is Mintable

Mintable, the Mark Cuban-backed NFT marketplace, aspires to be an open marketplace comparable to OpenSea. To buy and sell NFTs on Mintable, you’ll need Ethereum.

The platform also enables different types of producers, creators, artists (from photographers to musicians) to mint NFTs and sell them as digital assets.

An ambitious NFT collector or creator must first acquire Ethereum on a crypto exchange, then connect their wallet to Mintable to participate in the marketplace’s bidding and buying.

What is mintable NFT

Is a non-fungible token (NFT) platform that aims to become the world’s largest NFT marketplace by documenting all NFTs ever issued on Ethereum as part of a significant platform update.

According to Mintable, users will have access to the largest — and now, most organized — inventory of ERC-721 tokens in the metaverse, including NFTs generated in the past on Ethereum as well as fresh NFTs as they are minted on-chain.

What is Mintable Token?

Mintable tokens are tokens that are generated without any underlying consensus-related action. These coins are generally minted (produced) on smart contract platforms, the largest and most popular of which is Ethereum.

what is mintable

How to buy NFT on Mintable Marketplace

Step 1: Create your account

To purchase, sell, mint, or trade NFTs on the Mintable platform, you must first create an account. Creating an account is a simple procedure that only takes a few seconds.

  • Go to the Mintable app’s official website.
  • Click the “Create Account” button.
  • Fill in the blanks with your information and check the ones that apply.
  • Click the “Create an Account” button.

Step 2: Connect your crypto wallet

After you’ve created an account, the following step is to link your wallet. You’ll need to get a wallet if you don’t already have one. Without a wallet, you cannot purchase an NFT on Mintable.

These are the wallets that are compatible with Mintable.

  • MetaMask
  • Trust Wallet
  • Rainbow

Do note that, you will need ETH in your wallet to buy your preferred NFT on Mintable. To connect your wallet to Mintable.

  • log in to your account
  • Click on the “Connect a Wallet” tab

Step 3: Choose the item you wish to buy

The item categories include Art, Collectibles, Game Items, Music, Domains, Templates, and Videos. Click on the item you wish and then “Make Payment” using your crypto wallet or credit card.

Your item may be seen on your profile’s “My Orders” tab. Click on “My Account” on the main page; a dropbox will open; click on “Profile” then “My Orders.”

After an approved transaction, refresh the page to see the item as “Completed”

How to sell NFT on Mintable

Step 1: Get your digital asset

GIFs, photos, audio files, video files, documents, domain names, gaming objects, collectibles, and other media may all be used to generate NFTs.

Step 2: Set up your crypto wallet

There is no way to sell NFT without a crypto wallet, must obtain one before you decide to sell an NFT. But on Mintable, ETH wallet will be required to sell on it.

Step 3: Create an account

Create an account if you don’t already have one, but if you do, simply log in.

Step 4: List your asset

  • Go to My Account and select “List an Item for Sale.”
  • A tab will emerge indicating if the item you want to sell is already on the blockchain.
  • You’re ready to go once you’ve produced and posted your item.

How to create an NFT with Mintable

Step 1: On the home page, click ‘Mint an Item.

Navigate to the Mintable website and select “Mint an Item.” A new item creation option will appear; click on it. After that, you’ll be asked if you want to issue the token entirely free and without using any gas fees.

Step 2: Create and list your asset for sale

To make an NFT using Mintable, you’ll need:

  • a listing title
  • a listing subtitle
  • a description of the item to be converted into an NFT

You’ll also need the object you want to convert into an NFT.

Mintable lets you select from photographs, GIFs, videos, audio files, collectibles, documents, and other media.

Set a fee and upload the file you wish to make into an NFT. You must also decide if you want the content’s copyright to be transferrable.

Step 3: Select the ‘List This Item’ option

The final step is to click the “List This Item” button. When you’re finished. Your newly minted NFT will be visible on the Mintable marketplace as well as in your associated Ethereum wallet.

Mintable Vs Rarible

Mintable

  • Transaction costs are 2.5 percent for standard things, 5% for gasless items, and 10% for printed items.
  • Low store fees
  • Simple to develop and list NFT

Rarible

  • 5% off the total price
  • High shop charges
  • No free listings
  • Difficult to build and list NFT

source: https://157crypto.com/nft/what-is-mintable/

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