Before starting to mint any NFT there are some key factors that user needs to take into account. Follow the lead- understand what you are willing to mint. This is the first ever thing which is quite straightforward. Now, let’s check some nitty-gritty of the platform selection procedure. The user will be very meticulous while making a choice on which platform to mint an NFTs on.
There might be some good reasons whereas some risk factors too. Below-mentioned are some of the most essential factors that needs to be considered before minting either for a beginner or experienced creator/artist.
1) Accessibility
This refers to a friendly user interface. Previously, in the NFT world, UX was seen a bit hindered, however as the trend kept on evolving an organic tendency gained momentum towards making the interface more flexible and robust to Web2 applications.
Thus major stats explains it to be more accessible to newcomers. As a consequence, every single marketplaces have set the bar high looking at the feasible user experience is as seamless as possible.
2) Contract ownership
It can be beneficial for NFT artists to own the NFT contracts. Also, there are some platforms that permit the creation of custom contracts. Nonetheless, kick starting off with a shared contract is entirely not inherently bad, as you minimize the learning curve while still owning the user made artwork.
3) Royalties scheme
This factor is enough lucky as nowadays almost every platform has an artists’ royalties scheme. This means that there is a small variability across marketplaces presenting a fixed percentage for secondary sales.
On the other hand, some others let user adjust as per their choice. Also, some marketplaces offer artists and creators with an option of automatically splitting fees and royalties over various wallet addresses.
4) Marketing reach
You may consider this as the most important factors if you aim to get your NFT sold. Though there is a plethora of possibilities that a person can self-execute to brand their NFTs, where the marketplace and platforms plays its own role. In current trending scenario there are marketplaces that are exclusive in terms of collaborating artists as well as their target audience.
A user can mint their NFTs, and can rely on the built community of several marketplaces such as Makers place, YearnNFT, Opensea, etc. according to their reputation and services offered. Additionally, there are marketplaces promising broader scopes with more inclusive and focus on embracing artists to become more autonomous.
The good thing is that major marketplaces like YearnNFT offers integrated and exploratory services. So that when an NFT gets minted on YFNFT platform, it automatically showing in listing on the platform’s marketplace which showcase with great audience.
YearnNFT Marketplace - Our Approach
The team claims to have an in-house approach to portray scarce digital and physical assets registered on the Binance Smart Chain network. At the heart of the project core values lies clean passion to help as many artists and creators as possible to stay and grab onboard the NFT scene.
The team is holding hands with every enthusiasts during the entire minting process. They entirely stand for educating artists, rather than just showing them the spoon-feed way. That’s one of the reasons why YearnNFT is referred the most.
YearnNFT likes to view opposition NFT platforms as collaborators to the certain cause instead of sheer competitors. Thus, the project integrates major native smart contract with as many platforms and marketplaces as possible.
Concluding Thoughts
The purpose of this article is to guide newcomers and advise some points of focus. The above-mentioned entails some crucial factors to consider, yet these are just mere recommendations. Certainly, you can freely make a choice of your own.
Remember the fundamental principle of blockchain tech as well as the NFTs is decentralization. You can get the details about the concepts and protocols in our other article to conclude with. We haven’t discussed clearly about this concept in current article. As a matter of fact, you can consider that the decentralized approach is better to choose and makes it default.
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