The transformation of art into digital art boomed rivalry among blockchain networks, including Ethereum and Solana. The introduction of Ethereum to the NFT landscape came with several modifications. Similarly, Solana in the NFT space brought new creativity and facilities. Interoperability and attractive solutions simply surge the value of the Solana network in the realm of NFT.
Let’s delve into the Solana NFT and its minting process.
Why Choose Solana NFT?
Solana was introduced in 2017 and was officially launched by the Solana Foundation in March 2020. The blockchain was presented with the motive of supporting smart contracts and decentralized applications in common. With time, Solana created room for running in the NFT space. Surprisingly, the platform is skyrocketing in the decentralized realm of NFTs and dApps.
Exponential growth, interoperability, flexibility, and attractive solutions can be some of the main reasons behind Solana’s popularity in the crypto and NFT environment. In addition, the platform is capable of processing around 65,000 transactions per second at a minimal fee of $0.00025 per transaction. The cost-efficient and speedy services thus enticed individuals towards Solana NFT.
Solana holds more than 53,000 NFT collectibles as well as projects across the network, with new projects launching daily.
Now, you are well aware of Solana NFT. The next thing you should explore is the minting of NFT over a Solana network.
Let’s mint Solana NFT together.
NFT Minting on Solana Network
NFT minting is creating a unique token on a blockchain and requires familiarity with Web3 words as well as coding. Technologies like Phantom, QuickNode, and Metaplex are mainly used for NFT mining. Here, we are going to work with Metaplex, so let’s get started.
The next thing you need to do is import dependencies, which can be done by creating a new file that helps in importing the dependencies. After importing the dependencies, the next thing to do is connect the wallet and create a Metaplex instance.
Create a Solana wallet to mint and hold the NFT, which can be created using Solana CLI tools. The created wallet will be saved and can be imported into a browser wallet extension such as Backpack or Phantom.
One thing to remember here is to not share the private key with anyone, as this can cause huge losses. The next thing to do is to initialize connectivity with the Solana cluster, which can be done through Helius, a developer platform.
The final step is to create and upload the NFT metadata using a function. After successfully uploading the metadata, NFT can be minted using the coding.
The craze for NFTs is booming around the world. Digital collectibles running over different networks made it easy for individuals to enter and evolve the collection. Minting of NFTs over the Solana network can be done using technologies like Phantom, QuickNode, and Metaplex.