NFTs are an integral part of the blockchain and DeFi ecosystem. They serve as proof of ownership of an art piece, video game skin, membership club, etc. Besides those applications, NFTs on UTU.ONE can be pdfs, videos, physical and digital products. Moreover, on our app, NFT sales are the principal driver of token price.
In this guide, you will learn how to mint your first NFT on UTU.ONE app free of charge and reap the benefits of your work
Let's dive in!
The first step to mint an NFT is to choose in which DAC you to place your NFT. Many DACs have the NFT marketplace option but here are a few options:
Pro tip: Since you will receive a cut from the NFT revenues based on the total amount of tokens you are staking in the DAC, most people mint their NFTs on the DAC where they are staking the most tokens.
Once you have selected the DAC where you want to mint your NFT go to the marketplace option where you will find the “Buy Now” and “Auction” Marketplace.
The “Buy Now” Marketplace functions as a typical store. NFTs listed in this section will have a listed price and many editions from the same NFT can be available. For example, DAC owners can sell 10 editions of the same video NFT at 15$ each.
At the moment only DAC creators can publish NFTs on the Buy Now section and they need to be preapproved by a UTU.ONE representative.
Pro tip: You can find some AR/VR NFTs in the “Buy Now” section of some DACs. Check them out!
