How to use ERC-721 Tokens To Fund A Kickstarter Type Project
This is a quick guide on different types of NFTs (digital items on the blockchain) you can create using Mintable.
Got a project and want to do a unique method of funding?
Now you can create digital items as tokens (called NFTs) or non-fungible tokens. see more about these digital items here
These tokens are all special — each one is different. So here is how you tokenize your kickstarter type project and earn ETH. For under $50
Here is an example of the token we will make for a VR project that wants to raise $50,000.
Step 1: Create a Smart Contract on Ethereum (time: ~1 min)
Using the UI on Mintable you can create your contract without needing to know how to code. Here is what a VR project that is raising donations via tokenization would look like:
Go through and add any information you think is related or relevant for your project or supporters to know. You have 20 fields of data that could include:
- contract information
- instructions on redeeming
- terms and services links
- special code that verifies data in some way
After its confirmed and looking good — submit your transaction via metamask an Ethereum wallet in your browser.
If you don’t have Metamask or If your on mobile — use Coinbase Wallet or Trust wallet on iOS/Android
You just made a smart contract in this step — that contract has a unique address that no other contract will ever have — this is called the contract address — you can manage your token at anytime by going to: https://mintable.app/manager/-YourContractAddressHere-
Step 2: Mint your tokens (time: ~2mins)
After you have confirmed your ethereum transaction you will have an email copy — and also a screen that present a receipt page. There is a manage now button you can click to directly manage your contract now.
Load your token in the manager by either:
- going directly to it via the url style above (mintable.app/manager/address)
- going to your profile and seeing your history then pressing manage
- Finding it via the contract address on the search page
- Searching for it via browse with the name of the contract
Once loaded you’ll be able to do this…
Here is where you make your special tokens for each case. If you want 25 donation items to sell for $35 dollars — you would make that token look something like this
After you submit the transaction and it has been confirmed on the blockchain you will have 25 new tokens in your wallet.
These are also automatically added on OpenSea.io — the leading exchange to buy and sell NFTs (digital items)
Step 3: Go to Opensea and sell away! (time: ~5mins)
Now that you are done minting tokens — you can go to opensea.io and search for your contract’s name — or go directly to your contract using a link like this: https://opensea.io/assets/-contractAddressHere-/0
Here you can set the price for the sale — and then share the link to buy it. Thats it. Your done.
Its that simple within 8 minutes you’ve created a smart contract and tokens a digital items on the blockchain. How cool!
What Else Can You Create Using Mintable?
Mintable lets you create a digital item that you can sell for cryptocurrencies on NFT (digital items like ERC-721s) marketplaces. So you can take a picture, some characteristics, give it a name, make it rare, and sell away for a profit. With each smart contract you can create multiple tokens and these tokens can be used to represent your digital items.
Here is an example: You are a graphic designer and you can make really cute or scary monsters. You make 50 of these unique cute things, and create a smart contract using Mintable called “My Scary Monsters — Limited Edition 2019”.
Then each token, is actually a picture of each one of your monsters. You can sell each token for whatever price you’d like, and if someone wants it — they can buy it!
See our full listicle of 20 top items you can tokenize right now and sell for ETH here:
The top items to mint as NFTs to sell for Ether | Mintable
What are the best items to tokenize and sell for crypto? Check out how you can tokenize parts of your business or…
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Website — https://mintable.app
What to make as an NFT?: https://blog.mintable.app
Discord — https://discord.gg/fUEmc8d
Email — email@example.com
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