What does minted mean in the context of NFTs?

3 answers

• 20308김도윤Jul 15, 2021 · 4 years ago
  When it comes to NFTs, 'minted' refers to the process of creating a unique digital asset on a blockchain. It is similar to the process of printing money, but instead of physical currency, it involves creating a one-of-a-kind digital item. This process ensures the scarcity and authenticity of the NFT, making it valuable and collectible. The minting process typically involves using a smart contract to tokenize the asset and record its ownership on the blockchain.
  465

  233
• Fuglsang MallingOct 01, 2021 · 4 years ago
  In the context of NFTs, 'minted' means the creation of a new digital asset that is unique and cannot be replicated. It is like producing a limited edition artwork or a rare collectible. The minting process involves generating a cryptographic token that represents the ownership and authenticity of the asset. Once minted, the NFT can be bought, sold, and traded on various NFT marketplaces. It's important to note that the minting process usually incurs transaction fees, which can vary depending on the blockchain platform used.
  529

  177
• Joel ÉzMay 26, 2021 · 4 years ago
  When it comes to NFTs, 'minted' means the creation of a new token on a blockchain. This process involves generating a unique identifier for the token and linking it to a specific digital asset. Minting ensures that each NFT is one-of-a-kind and cannot be duplicated or counterfeited. The minted NFTs can represent various digital assets, such as artwork, music, videos, or virtual real estate. Once minted, these NFTs can be bought, sold, and owned by individuals or collectors. It's worth noting that the minting process can be resource-intensive and may require paying gas fees on certain blockchain networks.
  611

  153