The Binance NFT Marketplace has just announced a new cool feature. You can now mint your own NFTs on the Binance Smart Chain or on the Ethereum network in a few simple steps.
Let me explain what the requirements are and how it works.
First of all, you need to have a fully verified Binance account if you want to create your own NFTs on the Binance Marketplace. This means that you must have completed the identity verification process before you can start minting. If you are for some crazy reason not registered on Binance (including the Binance NFT Marketplace) yet, you can use my referral link with the invitation code E3PGAJCE for signing up. It will save you trading fees each time you perform a trade on Binance.
An additional requirement for minting NFTs on the Binance Marketplace is that you must have at least five followers on your Binance NFT profile. I don't know exactly why Binance has implemented this additional requirement but I guess that this is to ensure that there is a potential market for your newly created NFTs.
I would also like to create an NFT on the Binance NFT Marketplace. I am planning to show you step by step how I have created my own NFT on the Binance NFT Marketplace.
The thing is that I need to have at least five followers so that I can start creating NFTs on the Binance NFT Marketplace. Please follow me here on my Binance NFT Marketplace profile so that I can start creating NFTs. 🤓👇
Binance has published a detailed step-by-step guide on "How to Create Your NFT on Binance NFT Marketplace". To mint an NFT on Binance, you have to create an NFT collection and get it approved first. Another important thing to keep in mind is that you need to have a sufficient $BNB (if you are minting on the Binance Smart Chain) or $ETH balance (if you are minting on the Ethereum blockchain) in your Binance Spot Wallet to cover the fees of the on-chain creation process.
My Final Words
I hope that I can soon try out the new NFT minting feature on the Binance NFT Marketplace by myself. As soon as I have enough followers here on my Binance NFT Marketplace profile, I will start creating my own NFT and let you know step by step how I did it.
If you are not registered on Binance (including the Binance NFT Marketplace) yet, you can use my referral link with the invitation code E3PGAJCE for signing up. It will save you trading fees each time you perform a trade on Binance. Don't forget about this possibility when you introduce a friend to cryptocurrency as it will save both of you some money.
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