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 website 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.
Artificial intelligence can simplify the NFT minting process. It can help to create art, apply transformations, adjust nuances, and guide the minting process.
You don't have to be an AI or blockchain expert to create NFTs with AI. There are platforms where you can generate AI art for free and convert it 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.