3 common concerns when minting NFTs, and how to navigate them
So, you're a creator and you have been thinking about minting NFTs for a while now, but you don't have any coding experience and you don't know how to get started... We want to help! We reached out to our friend, Megan Cornelius, Director of Creators at Aspen, to gather her insights. For those not familiar, Aspen is an NFT minting platform that "empowers brands, enterprises, creators and enthusiasts to build their web3 futures on their own terms — legal or otherwise." Megan shared with us the 3 common concerns she hears from creators and how to navigate them.
3 Common Creator Concerns
Will I need a developer on my team?
What should I price my collection?
I want to make sure my token art is being used appropriately, how do I protect myself?
Let's dig deeper into these questions
Do these questions/concerns sound familiar? Of course, they do, you're not alone in navigating this struggle! Let's dive a bit deeper into these queries, shall we?
Will I need a developer on my team? "You don’t! With tools like Aspen’s creator tools (and tools that other sites have) you can mint your collection without having a lot of technical knowledge."
What should I price my collection? "Pricing can be hard! You’ll want to look at all the expenses that went into creating your collection and that will go into any utility you provide your collectors and price appropriately to cover those costs. It’s important to take into consideration that your collection may not mint out completely, so the costs should be covered even if only 50% of your collection sells."
I want to make sure my token art is being used appropriately, how do I protect myself? "Many collections have terms of service on their websites when you mint. But if action needs to be taken, are those going to be enough to protect you? Probably not. Aspen allows terms to be built into your Smart Contract so anyone minting or buying on the secondary market needs to agree to those terms in order to purchase. This provides your collectors with terms they can refer to for use, while providing you with documentation that collectors have agreed to terms in case action needs to be taken."
Well, there you have it! Answers to some of those questions that have been swimming around in your head for a while now.
You can do this, and there is a community to help you
Taking the first steps in any part of web3 can be confusing, daunting, and difficult. However, much of web3 is made up of a great community that is happy + willing to help you figure it out. And with a platform like Aspen, you are given access to people and resources to help you get started with ease. Big shoutout to Megan at Aspen for taking the time to share her insights into the world of minting! Now, that we have assuaged some of your concerns, keep creating and start minting!