Minted Help Centre
  • 🚀Welcome to Minted Network
  • ⭐Getting Started
    • Essential NFT Terms
    • Do Your Own Research (“DYOR”)
    • Setting Up Your Wallet
    • User Profile
    • Setting Notifications
    • Earn with Minted
      • Listing Rewards
      • Trading Rewards
      • Claiming Listing & Trading Rewards
      • MTD Staking
        • Increasing Your Deposit and Upgrading Your Locking Period
        • Withdrawing and Harvesting
      • NFT Staking
  • 🎯Minted How-To Hub
    • Buying NFTs
      • Buying a fixed-price NFT
      • Bulk purchasing NFTs
    • Floor sweeping NFTs
    • Making an offer for an NFT
    • Accepting an offer
    • Listing an NFT for sale
    • Setting a lower price or cancelling a listing
  • 💡Creators
    • Listing Your Collection
    • Verification Badge
    • Launchpad
    • Royalties
      • Collections royalties verification
      • Using CronoScan to set royalties
      • Using Etherscan to set royalties
  • 👾MEMETED & INSCRIPTIONS
    • MEMETED
      • Make-Your-Own-Meme
      • Token Airdrop Tool
      • Verify your meme token
      • Add token image
      • Renounce ownership
      • Add liquidity
    • Inscriptions Marketplace Standard
  • ❓FAQs
    • General Questions
    • Troubleshooting
      • Error Message Directory
    • Fees
    • Wrapped Tokens (WCRO/WETH)
  • ⚒️DEVELOPERS
    • API Endpoints & SDK
      • List of Collection Stat
      • Collection Stat
  • 📑Docs
    • Brand Assets & Usage
    • Audits
    • Smart Contracts
    • Production IP Addresses
Powered by GitBook
On this page
  1. Getting Started

Essential NFT Terms

Learn the ropes before you begin trading NFTs!

PreviousWelcome to Minted NetworkNextDo Your Own Research (“DYOR”)

Last updated 6 months ago

NFTs - Short for — which are cryptographic tokens existing on the blockchain. They are unique and can be traded or simply kept as collectibles.

Ethereum / Cronos - Minted supports NFTs across the and blockchains.

ERC721 / CRC721 - that allow for the creation of unique NFTs. Minted supports these two standards.

Decentralised platform (self-custody) - This means that you’re in complete possession of your NFTs at any given point in time.

Floor Price - The lowest price for an item in an NFT collection.

Gas - Fees that you will need to pay to complete a transaction on a blockchain. Gas is used to compensate blockchain miners for their computing energy which ensures that transactions are genuine.

Royalties - A percentage of the sale price paid to the original NFT creator through the NFT’s resale.

Smart Contract - Digital public contracts that are stored on a blockchain. Smart contracts are executed automatically when certain predetermined terms and conditions are met. Blockchain transactions are encrypted and recorded on a distributed ledger without intermediary involvement, which assures trust and transparency. You will be able to interact with smart contracts on Minted by creating a new collection or buying NFTs.

Wallet - Specifically, a allowing you to store NFTs and cryptocurrencies in it. It also needs to support the cryptocurrency that you will purchase NFTs with, like ETH or CRO.

⭐
non-fungible tokens
Ethereum
Cronos
Token standards
cryptocurrency wallet