What is minting?
Minting is a term that refers to the creation of non-fungible tokens (NFTs) of digital assets such as photos and videos.
Minting is a translation of the English mint, which means minting money and issuing cryptocurrencies on the blockchain.
Every time a cryptocurrency coin or token is created, a process of “minting” takes place resulting in the minting of millions to billions of coins or tokens for each cryptocurrency.
Therefore, the “maximum supply” of cryptocurrencies usually means the maximum number of coins or tokens that can be minted. These minted digital assets will be traded on the NFT platform.
Minting gives irreplaceable and unique asset information to digital content such as photos and videos.
Specifically, after minting, link information, metadata, minting date and time are recorded in the NFT, and transaction information such as the seller/buyer, transaction date and time, and transaction amount are recorded in the NFT each time a transaction is made. will occur later.
Information recorded on the blockchain cannot be forged or tampered with, so it is considered to be highly reliable.
