Minting NFTs in marketplaces today has limited options and, most likely, only the creators or artists can own the NFTs and their revenue once they are sold. Like a physical item that has been sold, NFT sales and revenue are now solely owned by the new owners. The creator or artist can still receive a portion of the sale but is subject to agreement as well as the platform where the asset was sold.
This is a predicament that NFTing wants to address with its Mint-on-Demand feature. As NFTing is all about ownership, we make sure creators, artists, projects and users are in a win-win situation as they all receive portions of the NFT being sold.
The problem
Creators or artists want recognition whether it is for their physical or digital works. However, one of the drawbacks of this profession is that once the creative work is sold to a buyer, the creator or artist is no longer responsible for what the new owner does to the asset so long as payment is complete. If the new owner decides to sell it higher than the purchase price, he or she can do so — and this has been evident in the NFT space.
A great example of this is the Bored Ape NFT. The creators sold each NFT for around $190 when it first launched, but nowadays you can no longer find one that values at around $100,000.
NFTing takes care of all the artists, creators, and projects in its marketplace by allowing them to continue generating revenue even if their NFTs have already been sold multiple times through its Mint on Demand feature.
Our solution
Mint-on-demand is another unique NFTing feature, making it possible for artists and projects to allow users to mint as many copies of the NFT as they wish, or up to a chosen limit, of an already existing NFT at a fixed cost (plus minting fee). The author remains the same and could receive royalties with every new mint. This feature holds enormous potential for future applications — from artists releasing their new single, to minting tickets for concerts, as well as in gaming, fundraising, charities, etc.
Giving users the power to mint on demand could generate a lot of revenue for the artist. Mint-on-demand NFTs is set to become another format for forward-thinking artists, music labels, and people that hold intellectual properties to release new material to a wider audience.
The goal is to allow users to effortlessly mint, sell, buy, farm and swap NFTs across several supported blockchains using the most advanced minting parameters, with tags options for metadata, bulk minting, co-creators, royalties and giving to charities. In-website design tools — from images to sound, from gaming NFTs to legal contracts, and more. NFTing brings more utility and ease-of-access to the next generation of NFTs. Mint and sell now, or schedule for later. For sale at a fixed price, at auction or mint-on-demand — the key word is freedom. Complete, total, unprecedented freedom.
This feature will soon be available on the NFTing Marketplace. As more creators, artists, and projects continue to come and mint their NFTs on NFTing, we assure them of a continued development of the feature. To know the latest updates about the NFTing marketplace, make sure to follow us on our socials.
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