What is Minted?

Minted is a decentralized NFT platform that supports both Ethereum and Cronos blockchains. With the website domain minted.network, Minted aims to be a spectacular digital platform in the Web3 space, providing users with opportunities to discover, trade, and earn through NFTs. It is important to note that Minted is currently in its Beta testing phase, meaning some features are still under development. Users may encounter minor issues during this period and are encouraged to report any bugs via Discord.

What is $MTD and its Uses?

$MTD (CRC-20) is Minted’s native token, built on the Cronos blockchain. This token is distributed as rewards to users alongside other utilities. In the future, $MTD may also play a role in the governance of the Minted platform, allowing token holders to participate in decision-making processes.

How Minted and NFTs Work

On the Minted platform, users can engage in various activities involving NFTs, such as buying, selling, staking, and participating in the NFT Launchpad.

How to Use Minted

Next, I will demonstrate the basics of using the Minted platform, so you can better understand how to utilize it.

Creating a Minted Account

If you already have a digital wallet, creating a Minted account is quite easy. Simply click on “Connect” in the top right corner and choose your preferred wallet account. If you do not have a digital wallet yet, you may need to first apply for one, such as MetaMask.

Basic Functionality Overview

At the top of the Minted homepage, there’s a row of numbers where you can easily understand the total transaction volume on Minted, the amount of $MTD staked, the total sales volume, and the number of listings.

Scrolling down, you can filter and view the most popular NFTs, the newest listed NFTs, and the latest sold NFT artworks based on time. Minted mainly consists of five pages: Collections, Activity, Launchpad, NFT Staking, and Rewards. Here is an introduction to the features of each Minted page:

• Collections - Collections: This page lists all the NFT collections. By default, they are sorted by popularity. As the page is scrollable and not paginated, you can use simple filters to view the market overview of NFT collections on Minted. In the Listing Rewards section, you can see NFTs participating in listing rewards. \

• Activity - This page displays the on-chain activity of all NFTs on the platform. You can use filters to precisely find the collections you’re interested in. For example, if you want to know all the best offers below the floor price for Miner Mole NFTs, you can select “VVS Miner Mole” in the Collection filter, and then choose “Offer” in the Activity Type filter, as shown in the screenshot.

• Launchpad - This is the NFT launcher. NFT collections that pass Minted’s review are listed on Launchpad. Here, you can see the details of new projects. Launchpad generally has three stages: free airdrop, VIP subscription, and public sale. However, not every NFT will have a free airdrop.

• NFT Staking - Not every NFT offers staking rewards. On this page, you can view or purchase NFT projects that participate in staking rewards and see what tokens are offered as staking rewards.

It’s important to note that if you’re buying NFTs specifically for staking rewards, you need to do your own research (DYOR) before purchasing. Ensure you understand the rewarded tokens, whether these tokens are still tradable on the market, their current market value, and how much time remains in the NFT staking period. If you want to convert the rewards into cash rather than keep them as a collectible, thorough research is crucial before buying.

• Rewards - This is the rewards dashboard. At the top of this page, you can see the current price of $MTD and directly click to purchase $MTD, which will redirect you to vvs.finance, a DeFi trading platform and part of the Cronos ecosystem.

Related knowledge: What is VVS Finance? All You Need to Know About VVS

On this page, you can clearly view your asset status and easily claim the rewards you have earned on Minted. Besides staking NFTs, you can also earn $MTD and $WCRO through the MTD Vault on the right side of the page.

Purchasing NFTs on Minted

On Minted, you can explore the NFTs you wish to collect on the Home, Collections, and NFT Staking pages. There are two ways to purchase digital collectibles: Buy Now at a fixed price or Make an Offer by placing a bid.

When viewing NFT projects, you will notice a string of numbers on the upper left corner of each NFT. This number indicates the NFT’s rank within its series; the smaller the number, the rarer the NFT is within that series. You can filter NFTs by their rarity to help with your selection.

Once you find a digital collectible you like, you can add it to your shopping bag. At checkout, you can choose to complete the purchase for all items in your bag or just some of them. Currently, the supported tokens for payment are Ethereum (ETH/WETH) and Cronos (CRO/WCRO).

Minted also offers a unique purchasing method called “sweeping.” This is ideal for collectors who are particularly fond of or confident in a specific NFT series. Sweeping allows you to buy up to 20 NFTs at once, but only those with an open purchase price. NFTs that require a Make Offer cannot be swept.

The image below shows the filter results for the rarest NFTs with open prices. During the sweeping process, a red frame will appear, and you can simply press Sweep to check out all selected NFTs at once, making it convenient for bulk buyers.

Some NFT series on Minted come with a blue verification badge, indicating one or more of the following:

1. They have reached a certain trading volume.
2. They are among the most popular series on Minted.
3. They are truly original NFT projects.

However, having a blue checkmark does not imply endorsement or recommendation by Minted.

Should I Stake My NFT to Earn Rewards?

If you purchased an NFT from Minted that is listed for NFT staking, you can choose to stake your NFT to earn rewards or sell it on other platforms like OpenSea, depending on which option you believe offers a better return on investment. However, there are several considerations to keep in mind when staking NFTs. You might want to refer to the “Basic Features Introduction” section for more details on NFT staking.

How NFT Staking Works

• Daily Fixed Rewards: Each project distributes a fixed amount of token rewards daily.
• Unlimited Staking: There is no limit to the number of NFTs that a single wallet can stake.
• More Investment, More Earnings: Rewards depend on the amount you stake and the total number of NFTs staked in the same pool.
• No Lock-up Period: You can stake and unstake at any time, providing the flexibility you need.
• No Cooldown Period: When you unstake your NFT, you can immediately claim your token rewards.
• Double Staking: You can further stake the reward tokens earned from your NFT staking in various vaults. For example, you can convert the earned reward tokens into $MTD, with 25% deposited in a 1-month locked vault, 50% in a 12-month locked vault, and the remaining 25% in a 48-month locked vault.

Selling NFTs on Minted

You cannot independently mint or sell NFTs directly on Minted. If you wish to sell your NFT series, you need to fill out and submit the Showcase Collection Application Form.

To mint NFTs on Minted, you must apply to the Minted platform by filling out a project plan on their designated intent form and submitting it. Once your application passes their internal review, your project will be listed on Minted’s Launchpad for presale and public sale.

Minted does not require applicants to be companies, but the project team must have a clear concept, a defined target audience for the NFTs, a detailed project plan, and roadmap. Additionally, applicants should have social media accounts such as a website, Twitter, Discord, and Instagram. Whether the project can bring value to the Ethereum and Cronos communities is also a key consideration in their review process.

Minted notes at the end of the form that they do not respond to all applications. They will only contact project teams if they believe the project aligns with their goals. The specific goals and review standards of Minted are not explicitly mentioned.

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Minted, Fees and Royalties

Once your application to list your NFT is approved, you will be able to see your collection on Minted. Minted currently supports multi-chain NFT transactions on the Cronos and Ethereum blockchains but does not support cross-chain bridging of NFTs.

Listing on Minted is free! However, platform fees and royalties (if applicable) will be deducted from your sale price when the NFT is sold. You can set the price and validity period for your NFT. Once you confirm the listing, you can only lower the NFT’s price. If you want to set a higher price, you must cancel the listing and relist it.

For detailed steps on listing and setting royalties, you can refer to the Minted Help Center article Selling Your NFT.

Creating Meme Coins on Minted

You can create your own CRC-20 meme coin on the Cronos chain in just a few simple steps:

1. Visit the Minted Meme Coin Creation Page.
2. Connect your wallet.
3. Enter the following information:

• Token Name
• Token Symbol (up to 8 characters)
• Total Supply
• Decimals (Cronos default is 18)

Once you successfully create the token, you will be the contract owner and hold 100% of the minted supply. You can use your tokens in any way you want: trade them on a DEX, transfer them to different wallets, or if you wish to destroy them, send them to the Cronos burn address: https://cronoscan.com/address/0x000000000000000000000000000000000000dEaD

Minted: Striving to Become the Digital Wonderland Marketplace

Minted.network, incubated by Cronos Labs, is the first decentralized NFT platform supporting multi-chain functionality from its launch. It aspires to become a digital wonderland marketplace, enabling everyone to discover, trade, and find NFT gems native to Ethereum and Cronos.

Minted will reward platform supporters with its native token, $MTD, for participating in the ecosystem. Users can also deposit $MTD into vaults to earn additional yields. Since Cronos is the first EVM-compatible chain built on the Cosmos SDK, Minted becomes the first significant NFT platform at the intersection of the Ethereum and Cosmos ecosystems, bringing the world’s top NFT collections to Cosmos. Minted leverages this unique position to grow and become one of the premier NFT platforms overall.

Are There Alternative NFT Marketplaces Besides Minted?

Yes, there are. However, on the Cronos chain, Minted is currently the most active. Another NFT marketplace on the Cronos chain is Ebisu’s Bay. Ebisu’s Bay is a dynamic platform that combines NFTs with DEX trading and GameFi, focusing more on gaming rather than the trading of art collectibles.

On other blockchains, there are many alternative NFT marketplaces to Minted, allowing you to choose according to your preferences. According to DappRadar, the top five marketplaces with the most traders are:

• OpenSea
• Blur
• Fatasy.top
• Magic Eden
• Element Market

Exploring Top NFT Marketplaces

In addition to the NFT marketplaces mentioned above, you can also use DappRadar to track the rankings and analyses of NFT markets, helping you find the best NFT marketplace.

Link: DappRadar NFT marketplace rankings