Building an NFT website: see 5 platforms developing tokens | DayDayNews Bitcoin and virtual currencies

As the technology spreads, there is growing interest in creating NFTs. A non-fungible token is a blockchain-established certificate of authenticity that certifies the exclusivity of a certain digital asset. They have mainly been successful in digital art: images, videos and music are turned into NFTs and sold in bulk.

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After seeing celebrities pay huge sums to buy NFTs, users are more curious about how the technology works and the process of creating tokens (also known as “lying”). This is because, just as cryptocurrencies can be “mined”, there are also platforms and methods for issuing NFTs, i.e. converting files into digital assets. Next, TechTudo Five platforms for developing tokens on the internet are listed.

List brings together five sites that create NFTs — Photo: Picture Alliance/Getty Images

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Binance Smart Chain (https://www.bnbchain.world/en/smartChain) has a great reputation in the cryptocurrency buying and selling market, with millions of dollars traded every day. More recently, the platform has expanded to offer users the ability to create NFTs. In addition to Binance’s original blockchain, the company also has a Smart Chain where users can create and trade their own tokens.

Binance has its own blockchain to create NFTs — Photo: Reproduction/Guilherme Ramos

However, it is worth mentioning that the development of NFTs is not free. Each “mined” NFT costs 0.005 Binance Coin (BNB), the platform’s cryptocurrency, which is roughly equivalent to 10.32 Brazilian reals at current prices. Additionally, if the tokens are sold, a service fee of 2.5% of the transaction value will be charged. To use Binance Smart Chain, users need a crypto wallet such as Metamask or Trustwallet.

The OpenSea platform (https://opensea.io/) operates in multiple areas of the token market, including buying, selling and creating your own NFTs. Due to the popularity of recent developments, OpenSea is an interesting option for “lying” and trading NFTs. However, it should be noted that this is not a completely free site either.

Although there are no fees for creating NFTs, OpenSea charges a 2.5% fee on the value of the token sale. In addition, the platform charges so-called “gas fees,” a maintenance fee that keeps the website up and running.

OpenSea has a large catalog of NFTs — Photo: Reproduction/Guilherme Ramos

It is worth mentioning that OpenSea also provides the option of “lazy coinage”. In this model, users only own tokens when others decide to buy them. Therefore, NFTs can be created for free, as the files will initially be located off the blockchain.

Rarible (https://rarible.com/) is a platform for creating free NFTs similar to OpenSea. While it doesn’t have as big a market as its competitors, the site provides a good connection between those interested in technology to make their own tokens. At Rarible, this process takes place through “lazy minting,” which allows you to “lie” NFTs for free.

Rarible showcases unique NFTs and a growing full collection — Photo: Reproduction/Guilherme Ramos

Another advantage of “lazy minting” is that users don’t have to worry about the “bureaucratic” parts involved in owning tokens, such as contracts and fees such as “gas fees”. These will only be discounted on purchase, when someone decides to buy an NFT. The amount received tends to be smaller, but so that the creator doesn’t spend money on the previous steps.

Enjin (https://enjin.io/) is a platform that uses the JumpNet blockchain, a private version of Ethereum. Additionally, the tool has its own token, ENJ. Therefore, users who want to use Enjin to create NFTs may initially need to keep a small amount of ENJ in their digital wallet. At current exchange rates, the cost per unit of currency is about 9.11 reais.

Enjin has its own NFT market currency — Photo: Reproduction/Guilherme Ramos

When buying or selling NFTs, ENJ balances can also be migrated between JumpNet and Ethereum, if convenient. The platform is more focused on tokens involving games and distances itself from the digital art world. It is worth mentioning that Enjin does not charge a “gas fee”.

The Foundation Platform (https://foundation.app/) is inherently about digital art. Websites that create NFTs use Ethereum and have the advantage of creating virtual auctions instead of simply selling tokens for a specific price. To purchase any item, users can only register on the site. In turn, an interest in selling tokens requires prior acceptance by the community.

Foundation allows auction of digital art in NFTs — Photo: Reproduction/Guilherme Ramos

To create their own NFTs or get the right to tokens from the foundation, users need to have a Metamask wallet. In addition, there is a “gas fee”. On the platform, pictures, videos and audio files can be uploaded. One of the downsides of the foundation is that it requires a 15% fee, higher than the 2.5% charged by other platforms.

Information from Trend Online and MakeUseOf

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