Non-fungible tokens (NFTs) are digital assets that are unique and cannot be replaced. They are frequently used to signify ownership of digital artwork, collectibles, and other items. The most popular blockchain that has gained popularity at a global level in NFT space is Polygon NFT.
Polygon is a layer-2 blockchain that is built on top of Ethereum. It offers faster and cheaper transactions than Ethereum, making it a good choice for creating and minting NFTs.
In 2022, Ethereum was the most popular destination for major brands. The Polygon network had a 23% market share, while Ethereum accounted for 43% of the 241 blockchain projects launched. However, in the first quarter of 2023, it became the most popular blockchain with 41%, followed by Ethereum with 34%.
There are several advantages to creating an NFT on Polygon:
Here is a list of major popular brands that shifted to Polygon NFT blockchain:
This is just a small sample of the many major brands and projects that have shifted to Polygon NFT development. Polygon is a popular choice for businesses and projects that are looking for a scalable and affordable blockchain platform.
To create an NFT on Polygon, you will need:
Getting started with Polygon NFT development and creating your own NFT (Non-Fungible Token) on the Polygon network can be an exciting venture, enabling artists, collectors, and creators to tokenize their digital assets efficiently. To guide your readers through this process, here’s a detailed process on how to develop an NFT on the Polygon network:
Step 1: Setup a Polygon-Compatible Wallet
Before you can create an NFT on Polygon, you’ll need a wallet that is compatible with the Polygon network. MetaMask is a popular choice. Here’s how to set it up:
Step 2: Acquire MATIC Tokens
To create an NFT on Polygon, you’ll need MATIC tokens to cover gas fees. You can acquire MATIC tokens through cryptocurrency exchanges or swap platforms.
Step 3: Choose an NFT Marketplace
Select an NFT marketplace that operates on the Polygon network. Popular choices include OpenSea and Rarible. Create an account on the chosen platform if you don’t have one already. Moreover, you can always seek assistance from a professional polygon matic NFT marketplace development company.
Step 4: Mint Your NFT
Here’s how to mint an NFT on OpenSea as an example:
Step 5: Review and List Your NFT
After minting your NFT, review the details to ensure everything is accurate. Once you’re satisfied:
Step 6: Promote Your NFT
Promotion is key to selling your NFT. Here are some ways to promote your Polygon:
Step 7: Manage Your NFT
Once your NFT is listed, you can monitor its performance, view bids or offers, and interact with potential buyers through the marketplace’s dashboard.
When creating an NFT, there are a few things you can do to increase your chances of success:
Start your NFT project on Polygon from scratch with our certified yet skilled NFT developers. As a renowned polygon NFT marketplace development company, we have assisted numerous businesses and leading brands around the world with their unique needs. Book a free consultation today to get started.