"NFT" was among the most searched terms in 2021, even crossing other buzzwords in Google searches, such as Dogecoin, blockchain, and even Ethereum. NFTs became a part of pop culture, with celebrities like Snoop Dogg, Eminem, and many more joining in the hype. Overcoming the "crypto winter", NFTs have had a solid entry in 2022 with almost $7 billion volume in January. We also have some international brands like Nike and McDonalds, who jumped on the NFT bandwagon this year.
Are you interested in getting in on the hype and making some sweet decentralized currency? Congratulations! You are in the right blog at the perfect time! This is the ideal opportunity for you to launch your own NFT project, and NiftyHype is here to help you out with the entire process. This article will have a detailed discussion on how you can create, mint, and sell your own NFTs for free and fully capitalize on the hype.
NFTs (non-fungible tokens) are a digital ledger stored on a blockchain that you can use to prove ownership of digital or physical assets such as artwork, music, real estate, or digital collectibles. Mentioned as the word of the year in 2021 by Collins Dictionary, NFTs have gained worldwide popularity by introducing a decentralized authentication certificate. NFTs act just like other cryptocurrencies, except they are not mutually interchangeable like Bitcoin or Ethereum. For example, you can exchange one Bitcoin for another without changing value, but it's not the same for NFTs. You can imagine NFTs as trading cards that we used to collect as kids, each trading card has a different rarity, and you wouldn't exchange your rare cards with some common card, would you? Similarly, every NFT is unique, and you can not exchange some random NFT with a CryptoPunk or a common CryptoPunk with a rare one without a change in value.
If you are new to the whole NFT space and want to learn more, check out our detailed guide: What are NFTs: How They Work and Why They're a Game Changer.
Formerly known as Matic Network, Polygon is a scalability and framework solution for Ethereum, the most popular blockchain. Polygon is an Ethereum-native blockchain and can operate with all of Ethereum's present and upcoming infrastructures. Polygon users get access to a host of major scaling and infrastructure solutions such as Layer 2 solutions, hybrid solutions, sidechains, data availability solutions, and so on. Apart from that, with Polygon, you get an extra edge over Ethereum NFTs due to its high transfer rate, industry low transfer fees, and compatibility with all types of blockchain networks.
You can easily mint, purchase and transfer the ownership of your NFTs for free on the Polygon blockchain. For example, if you are doing a promotional giveaway or starting on NFT creation, Polygon's features make it very useful. What's even better? You can sell NFTs on Polygon blockchain at Ethereum valuations as the native token MATIC holds its value well in the crypto crash. The Polygon blockchain is also very suitable for dynamic NFTs that morph with user interaction because of the low gas fees. Also, it is very simple to create a semi-fungible token for free where several people can own one item. Whether you are just a budding NFT artist, game developer, influencer, or just an NFT enthusiast, there is no entry barrier for getting started with your project on Polygon.
In this guide, we use the OpenSea NFT minter to mint free NFTs on Polygon. Despite all the controversies surrounding Opensea, it has the most versatile and easy-to-use NFT minter. The interface is very beginner-friendly, and OpenSea mostly covers the minimal fees required to mint a Polygon NFT.
Before logging in to OpenSea, you need a crypto wallet that supports Polygon. If you have a wallet set up already, you can skip this step and go directly to the next one. While you can use a wallet from any provider, MetaMask is one of the best free wallets available and recommended by most NFT developers. Don't want to download or install any extra applications? Just add the wallet extension to your Chrome browser, and you are good to go.
As the Ethereum gas fee is reaching the moon, we need to switch to Polygon Network for creating our NFT. For this, you need to click on the Ethereum Mainnet dropdown and click on Add Network. You need to fill in the following information on the next page and save it.
Network Name: Matic Mainnet
New RPC URL: https://rpc-mainnet.maticvigil.com/
Chain ID: 137
Currency Symbol: MATIC
Block Explorer URL: https://polygonscan.com/
After setting up your wallet, you would need some MATIC in your wallet for minting NFTs on the Polygon blockchain. While you can buy MATIC and transfer it to your wallet from platforms like Coinbase, you can also get started free using faucets. Faucets are sites that provide you with free tokens to start your project. Two faucets you can use to get some MATIC in your wallet are Macncheese.finance and Matic.supply. Visit these sites and provide the necessary information, such as your MetaMask ID, and you will receive some MATIC tokens in your wallet within a few minutes.
Now that your wallet is all set up with some tokens in it, the next step is to connect it to your OpenSea account. This step is quite simple; you need to click on the wallet symbol on the top right corner of the OpenSea homepage and select the MetaMask wallet. Provide the required details, and you will have your MetaMask connected to OpenSea.
Now that you have completed all the prerequisites, the next part is minting the NFT. Select the "Create" option on the top right corner, and you'll be redirected to the NFT minter.
You first need to upload the media you want to be converted to an NFT. It can vary from an image, music, animation, or even the proof of ownership of something tangible.
Next, switch the Blockchain to Polygon and provide the needed information.
Click on the create button, and your NFT will get minted in the next few minutes.
Congratulations, you have successfully minted your first ever NFT on the polygon blockchain! However, if you want to sell it and make money, you can list it on OpenSea itself or other Polygon-supported marketplaces.
OpenSea is the most famous NFT marketplace worldwide and is the first peer-to-peer marketplace for NFTs. It supports more than 240 payment methods and offers cross-chain support across Ethereum, Polygon, and Klatyn. Already surpassing the $1 billion mark within the first week of this year, OpenSea is the home to millions of NFTs. However, you should remember that it also charges a 2.5% fee on every sale.
Backed by Binance Exchange and the famous YouTuber Mr. Beast, Refinable is the next-generation marketplace. You can buy, sell and create any NFT you want at a very low cost and high transaction speed. With Refinable, you get cross-chain support across Ethereum, Polygon, Binance Smart Chain, and Solana. Refinable has its utility and governance token $FINE, and you can also trade NFTs using leverage on its platform.
By trade volume, NFTrade ranks the highest after OpenSea on the Polygon blockchain. NFTrade is an exchange platform that doubles up as a cross-chain aggregator that allows users to create, buy, sell and swap NFTs across Ethereum, Polygon, Binance Smart Chain, and Avalanche.
Treasureland is a unique multi-chain NFT marketplace recently integrated with Binance Smart Chain and Polygon Network. It aims to create eBay for blockchain and connect NFT buyers and sellers more efficiently. The platform supports various wallets like MetaMask, Trust Wallet, Token Pocket, etc.
For creating NFTs that sell, you can take inspiration from projects that have already made their name in this space. While directly copying a project will not benefit you much, you can research them to discover what made them popular. Factors such as roadmap, community, development team, social media presence, etc., contribute greatly to a project's success. Let's look at some popular NFT projects built on the Polygon Network.
Built on the Polygon blockchain, Crypto Unicorns is a game surrounding digital pet collection and farming. The gameplay is focused on 10,000 unicorns hatched from the Genesis eggs, and like Axie Infinity, owners can breed these unicorns to produce a new generation of unicorns. There is a farming simulation, limiting eight breedings per unicorn, and a future burn mechanism to balance the economy. Crypto Unicorn gameplay includes a farming simulator and other modes such as Racing, Jousting, and a unique Team RPG. The game is announced to launch in February 2022.
Crypto Unicorn NFT Features:
Made using a proprietary AI algorithm, Artvatars is a collection of art collectibles made by 60 elite artists globally. It can change how collectors buy NFTs as one Artvatars NFT is made up of 12 separate parts from different artists. With their technology, they have made sure that every artwork is a 1/1 NFT to add more value. Artvatars are gaining traction as a generative avatar project due to their out-of-the-box NFT innovations.
Artvatars NFT Features:
Developed by Bright Star Studios Limited, Ember Sword is a unique MMORPG built on the Polygon blockchain. Surprisingly, this game is set to be released as a free-to-play game, meaning players don't have to invest in an NFT before trying it out. The developers announced it to be a player-driven fantasy universe with no class and a fast-paced combat system. Ember Swords have done hundreds of millions in land sales with a diverse social community. The game was set to release in early 2022, but the full release might get delayed to 2023.
Ember Sword NFT Features:
Aavegotchis are playable NFTs that owners can use to generate profit through staking DeFi tokens into the NFTs. The Aavegotchi project implemented the concept of dynamic NFTs allowing them to change the NFT metadata with time. Although initial plans were to deploy it on the Ethereum blockchain, the developers decided at the last moment to deploy it on Polygon instead. Unlike most NFTs, Aavetogotchis grow with player interaction, making Ethereum blockchain too expensive for users. Aavetogotchis, come in six different traits assigned to them randomly using the Chainlink VRF.
The Red Village Champions is a competitive play-to-earn game on the Polygon blockchain where players can collect, summon and battle Champions. The Champions are NFTs that can play the in-game multiplayer fighting tournaments. Each Champion is distinguished by various characteristics such as class, skill traits, bloodline, genotype, etc. The project has multiple reputed partners, such as Polygon, Chainlink, The Sandbox, pixarts.net, etc.
The Red Village Champions NFT Features:
While Polygon Network is a great blockchain for your NFT project, there are also other blockchains that you can use. Every blockchain has its own set of benefits and drawbacks, out of which you need to choose the best match for your requirements. When choosing a blockchain, you need to keep in mind features such as transaction speed, transaction cost, smart contract functionality, security, and more. To learn about the best options available in the market, read our comprehensive guide: How To Choose The Best Blockchain For Your NFT Project?
As compared to Ethereum, Polygon is a relatively new ecosystem. However, the Polygon blockchain is so cheap to use that it's basically free. The utility that you get on the Polygon blockchain at such a low price has the potential of attracting a lot of customer demand. If you can afford the Ethereum gas fee and only aim for short-term success, you should choose Ethereum. But if you are looking to make your NFT project sustainable in the long term, the Polygon blockchain is the one you should go with. At NiftyHype, we have got you covered with all your NFT adventures; check out our NFT Guides for more interesting NFT walkthroughs.