Getting your hands on the latest NFT drops during their minting stage means getting in early on projects that could potentially take off in the future. So, it’s good to know how to find the latest mints if you plan on trying to make money in the NFT market.
Read on to learn how to use Magic Eden’s Mint Terminal to discover and mint the latest NFTs.
Minting an NFT refers to issuing a new digital asset on a blockchain, creating a permanent and verifiable record of ownership for that asset.
When you mint an NFT, you create a unique digital token that represents ownership of a specific digital item, such as artwork, music, video, etc.
Once minted, NFTs become publicly verifiable and cannot be duplicated or altered, ensuring their value and uniqueness in the digital marketplace.
Now, let’s take a look at how it works, starting with setting up a wallet all the way to minting your first NFT.
First, you’ll need a Web3 wallet that supports NFTs to mint your own item. These wallets allow you to store, send, and receive cryptocurrencies and NFTs, and interact with NFT marketplaces.
Some of the most popular choices include:
Magic Eden Wallet (recommended for seamless Magic Eden integration)
MetaMask (Ethereum and Polygon support)
Phantom (for Solana, but not applicable for this guide)
Coinbase Wallet (supports multiple blockchains, including Ethereum and Polygon)
Trust Wallet (compatible with Ethereum and Polygon NFTs)
Rainbow Wallet (Ethereum-focused, great for NFT collectors)
WalletConnect (connects various wallets to Web3 platforms)
Ensure your crypto wallet supports the blockchain where the NFT will be minted.
To mint an NFT, you will need cryptocurrency to cover the minting cost and network fees.
Ethereum: Requires ETH for gas fees
Polygon: Uses POL (previously MATIC) for transactions
Base: Requires ETH (as it’s an Ethereum Layer 2)
You can purchase crypto from exchanges like Coinbase, Binance, or directly in wallets that offer in-app fiat-to-crypto onramps.
Now, navigate to the Magic Eden NFT marketplace and connect your wallet by clicking the “Connect Wallet” button in the top-right corner.
Follow the prompts to approve the connection and log on to the marketplace.
Magic Eden’s Mint Terminal offers a user-friendly dashboard that displays all trending, ongoing, and upcoming NFT drops. Some mints are free (where you only need to pay the network fees), while others will charge a mint price.
You can use several filters to check out the latest NFTs and find the most relevant NFT projects.
Quality filter: Helps identify high-quality NFT collections based on platform metrics.
Mint style: Allows sorting by open edition or limited edition mints.
Mint status: Filters NFTs by their minting status, such as upcoming, live, or completed.
Mint price: Enables filtering by price range, including free mints or paid mints with different price points.
Mint volume: Displays NFT collections based on total minting volume.
Mint count: Sorts NFTs by the number of tokens available in a collection.
Percent minted: Shows how much of the collection has already been minted.
Mint platform: Lets users filter by the platform or launchpad where the minting is taking place.
Click on any NFT project to access details about its minting process, utility, and price.
Now, onto actually minting your NFT.
You only need to hit the ‘Mint’ button and confirm the transaction using your connected wallet.
If it’s a free mint, all you need is to pay the network fees. If the mint isn’t free, you need to make sure you have enough crypto in your wallet to pay for the NFT.
And that’s it!
Your freshly minted NFT will arrive in your wallet once the blockchain has processed the transaction.
Minting NFTs is a great way to discover exciting new projects and secure unique digital assets.
However, always stay vigilant: verify each project’s legitimacy, use official links, and do your own research before spending money on a new NFT drop, and never ever invest more than you can afford to lose.