The creation of an NFT on the Ethereum Blockchain is a multi-stage and quite technical process.
And it's not free.
The costs - the "gas price" - are paid in ether and are divided into 2 steps:
- Creation of a smart contract in the blockchain
- Execute this smart contract to create an NFT
The first point only has to be carried out once - but it causes the greatest costs.
The second point, which ultimately ensures that an NFT is created and stored in a wallet, can then be carried out as often as required and is comparatively inexpensive.
Create wallet
A wallet is your address in the blockchain to which your digital assets are linked. E.g. digital currency or NFTs
Transfer ETH to wallet
The creation of NFTs costs "gas" in the currency ether. For this, ether must be in the wallet.
Create a smart contract
The smart contract is the program code on the blockchain that creates an NFT.
NFT "minten"
Provide and execute the smart contract with the necessary parameters such as target wallet and metadata. This creates an NFT and sends it to the target wallet.
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