Having successfully completed our IDO, it is now time to move on and make our vision for THEOS a reality. This article will cover how to use the initial release of our Minimum Viable Product (MVP) for THEOS — the Minting Platform. Initially, the protocol will be deployed on Polygon, then Ethereum, and finally Cardano — once the landscape is ready. In this guide we’ll include details, as well as steps for minting NFTs assets, and corresponding tips and disclaimers.
Our Minting Platform
THEOS is a decentralized finance protocol attempting to become the true NFT powerhouse. Our minting platform will occupy a fundamental place in the ecosystem and will be focused on user-experience, aiming to become for NFTs what protocols like AAVE and Compound became for DeFi — the ultimate starting point for a decentralized revolution. Minting on THEOS will enable digital creators to immortalize and showcase their work as NFT, and will allow for marketplace activity, where creators will be able to earn money while listing their collectibles on the platform.
With many minting platforms out there, it becomes paramount to highlight the distinct characteristics and key differentiators of our own. While many NFT protocols focus on their marketplaces as the ultimate product, we at THEOS aim to embrace the whole process of creating, buying, selling, staking NFTs, and more. Our minting platform has been designed with the philosophy that it must embrace the same creations being allowed here. In order to do so, we built a powerful platform focused on user experience, without disregarding the interface that creators deserve.
Step-by-Step Guide
Take a look at the simple step-by-step guide we developed to ease the understanding of the minting process on THEOS. You can also check our recently added video tutorial here!
Step 0: Access the Minting page
You can access the minting page through a button on our landing page here.
Step 1: Set up your profile
Before minting you will need to carry out the ‘Set profile’ process. This will involve:
- Connecting your wallet. (Only Metamask will be supported on the MVP, and soon after several others will be added)
- Set your display name and biography — this is how you’ll be recognized within the platform.
- Add your personal information: e-mail address, personal website URL, twitter URL, etc.
You can also check our tutorial here.
Step 2: Selecting media to tokenize
After setting up your profile and connecting your wallet, it is time to select and upload the media you wish to mint. You can either browse media on your device by clicking on the “+” button, or use our simple drag-and-drop feature for better usability.
You should now see a preview of your selected media file.
Note: The filetypes supported on the MVP are: JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV; and the Max size: 40 MB
Note: If you upload a video and audio file you will be required to set an additional cover image or GIF.
Step 3: Add NFT Information
Proceed by clicking ‘Next’, and add a title and description for your NFT.
Immediately after you will have the opportunity to set hashtags and categories. Tags will be used to filter/search NFTs on an upcoming version of the platform, and are optional.
Enter the amount of royalties for your NFT. You can either select one of the suggested royalties, input a particular number, or continue without them. Royalties enable NFT creators to enjoy a certain percentage on future NFT sales. This enables a perpetual link between the creator and the NFT, and rewards long term value of any piece.
Step 4: Final preview
A final preview will appear with every piece of information added to the NFT along the minting process. It is paramount to check everything diligently, as you won’t be able to edit the inputs after approving the transaction on Polygon .
Step 5: Approve transaction on Metamask
Once everything has been cleared, select the ‘Create’ button and approve the transaction in Metamask.
Note: As the MVP will be initially deployed on Polygon, you will need to pay transaction (gas) fees in its native currency — MATIC — , and you’ll be able to view the transaction status in Polyscan.
Step 6: Review and share your NFT
Progress is shown on the upper wallet menu bar as a pending button with loader. After the transaction has a ‘Success’ status on Polyscan, you have officially minted your NFT.
Remember: The time for the transaction to be completed will vary depending on the network congestion and the gas fees you are willing to pay.
Disclaimer: When utilizing the platform on Polygon, we estimate fees and processing time to be minimum. Once we deploy on Ethereum, you must take into consideration that in times of high network congestion, gas fees can become quite sizable.
You can now share your NFT, or enter the ‘NFT detail’ page — where you’ll find all the information regarding your NFT. You will also get a confirmation email — to the one you provided in the set profile flow — once the transaction has been approved.
Next Steps
With the Minting Platform, we are officially igniting the revolution that will reshape the NFT landscape. This will be soon accompanied by our special ODYSSEY pools, and will enable a way for creators to start enjoying the benefits of this new fungibility paradigm.
THEOS is also working on alternatives to the conjunctural gas fee issue, debating the incorporation of ‘Lazy minting’ ideas for example.
Closing Remarks
We are excited to share this first step of the THEOS’ protocol to our community. Additionally, we’d like to remind you that — as almost any MVP in the blockchain space — you are bound to find improvement areas. We will be opening communication lines for our community to give feedback on the experience, as well as to suggest potential improvements — we are, after all, hoping for a multilateral effort.
We have a long way to go for THEOS to be in the position we want it to be, but this is the first major step to becoming the ‘DeFi paradise for NFTs’!
Please keep in mind that THEOS vision has always been and still is to ultimately live on the Cardano network. With the Alfonso hard fork successfully deployed, we are getting closer each day to achieving our vision.
About THEOS: The THEOS ecosystem is managed and sustained by our Association, a team of both traditional finance and blockchain virtuosos. We envision a new way of thinking, minting and trading NFTs, and have developed what we believe is going to become the next-generation community-governed NFT platform. THEOS will become the first NFT platform in Cardano, the blockchain with the highest potential out there.
Follow our social media channels to stay up to date with the latest news:
- Telegram Announcements — https://t.me/theos_fi_announcements
- Telegram Official Community — https://t.me/theos_fi
- Twitter — https://twitter.com/theos_fi
- Discord — https://discord.gg/aMdWsXFzBt
- Instagram — https://www.instagram.com/theos.fi/
