Non-fungible tokens, popularly known as NFTs, are a new form of digital asset. These assets have exploded in popularity, with a significant contribution coming from the art industry. But how exactly are NFTs minted? And can this process be done for free or even with the help of artificial intelligence?
Minting NFTs involves creating a unique digital certificate of ownership that can be bought, sold, or traded on the blockchain. The process requires certain technical knowledge as well as an understanding of blockchain technology.
Thanks to AI technology, the process of creating and minting NFTs can be made much simpler. AI can generate art, apply various website effects, and even assist in the minting process, making it accessible to a wider range of people.
Creating NFTs with AI doesn't require you to be an expert in AI or blockchain technology. Several platforms allow you to generate art using AI for free, which you can then mint into an NFT.
Minting NFTs, regardless of how they are created, often comes with costs, including platform service fees or so-called 'gas fees' for the energy used in the transaction. Nevertheless, there are some platforms that allow free NFT minting, though they may have specific terms and conditions.
When an NFT is minted, it becomes public on the platform for potential buyers to see. The value of an NFT is largely based on the demand for it - the higher the demand, the greater the potential value.
To sum up, AI makes the process of creating and minting NFTs far easier and more accessible, even though it might not be completely free of cost. With AI, more people can venture into the exciting world of NFTs.