What is Mintbase?
Founded in 2019 by Carolin Wend and Nate Geier in Lisbon, Germany, Mintbase is a platform that enables anyone to set up their own NFT store. Users can mint, then sell or auction their creations after creating a store. The platform provides an environment in which users can create NFTs without needing to have technical knowledge. Mintbase users can create a wide variety of assets, such as files, music, event tickets, art, and photographs. After minting NFTs, they can list them for sale on NFT marketplaces like OpenSea or within their Mintbase own marketplace.
Mintbase refers to itself as the Shopify of NFTs due to the ease with which items can be created and sold. Mintbase began on Ethereum, but rising gas fees made minting and purchasing prohibitively expensive for the average user. The introduction and integration of NEAR have made creating a store and populating it with NFTs easier for creators.
The platform aims to provide anyone, anywhere with the ability to create and sell NFTs, regardless of skill level. Initially, the technical barrier to creating NFTs was quite high because you needed to understand how to launch smart contracts. This is precisely what Mintbase can assist with. Each store is a smart contract that can be deployed with a few mouse clicks. Any digital asset you want can be converted into an NFT and sold in your store. Mintbase provides a plethora of customization options for your NFT.
Creators, for instance, can choose to give a royalty to any account in perpetuity. When NFT is sold in the future, a percentage (determined by the creator) will be transferred to an account of their choice. Furthermore, any and all metadata, such as a website, date, or location, may be attached to the NFT. If none of these types of metadata meet your needs for your NFT, you can create custom metadata as "key-value pairs."
After you've created the NFTs, you can list them for sale or auction them off to buyers. Buyers can browse the storefront after listing and see which NFTs are ready for sale.
Buyers can either buy the NFTs outrightly or bid on them in the auction you've set up. Owners of the NFT have the ability to accept or reject bids made on the NFT during the auction.
When you sell an NFT from your store, Mintbase charges a 2.5 percent commission. All other royalties you have set up are automatically distributed to their respective accounts. Mintbase is built on the Ethereum blockchain as well as the NEAR protocol. On the NEAR network, the NEAR token serves as a unit of value, as does ETH on the Ethereum network.