What is a Smart Contract? How to Mint NFT with a Smart Contract?
For some, minting NFTs through a smart contract has pros but to many, it seems cons. Something they have never seen before. According to the report, minting NFTs in the smart contract is a better modern approach than minting on the project website.
What is a Smart Contract?
A smart contract is a smart contract code written in programming languages in blockchain technology. This code permits the network to store and execute the information in an NFT transaction. Each code is securely written and can execute only when the conditions are met and verified.
In layman’s language, when you make NFT, it is called “Minting”. Now we’ll see how to mint an NFT with Smart contracts.
How to mint NFT with a Smart Contract?
We’ll begin with the question, why mint on smart contracts? The reason for this is when you don’t have any website, discord or any other advertising platform for projects, and then smart contracts come into the limelight. In further steps, we will explore more in detail.
In the beginning step, you will need to make sure that you have enough balance in Ether and a bit for insane gas fees on MetaMask. Recently NFT inaugurated “Penguin Fight Club”.
To get started with Penguin Fight club, make sure that the contract address is right. It is available on the project’s platform. Don’t worry it is available there but if you can’t find it ask the project devs for assistance. One time you find the address, it’s time to click it.
Now follow the instructions carefully step by step:
Step 1: Make sure you are using the right contract address.
Step 2: Hit the Contract tab button.
Step 3: Now you’ll see the ‘ Write Contract ‘ Button. Hit it now.
Step 4: Finally, you have to connect the MetaMask wallet with the button “Connect Web3”
- Source: Penguin Fight Club
After all these steps, you’ll see the “connected” button in green color pigment. Congrats, your wallet is now connected to the Contract address.
In the next step, keep the scroll down and click the ‘ MintPenguin ‘ or you will choose your own [Mint (_ Project name)].
- Source: Penguin Fight Club
Now a prompt window comes with 2 fields. The first is ‘ Payable Amount (Ether) and the second is ‘ Number of tokens ‘. Remember the price of Penguin Fight club was 0.04 Ether. So fill the input with
0.04 and in the second field put 1 as input. To calculate the number of tokens, multiply (the mint price) × 1 (Amount to mint) = Ether.
For example, if you’re thinking of 10 NFTs then: 0.04 either (mint price) × 10 (Amount to mint) =
Ether.
- Source: Penguin Fight Club
Once you have completed it, click on the ‘ Write ‘ button. Now pop up comes and click confirm to process the transaction of minting. If your transaction failed it means you don’t have enough funds in the wallet.
- Source: Penguin Fight Club
Bottom Line:
Minting NFT the first -time is a little bit boring, don’t stress! Just follow all of the steps carefully and enjoy the process so shall you reap the benefits. Minting on “Reality card” is not possible yet, you will have ‘ Rent it ‘ and HODGL longer than anyone else.
