How are Bored Ape Yacht Club NFTs created on the Ethereum blockchain?

Bored Ape Yacht Club (BAYC) NFTs are created on the Ethereum blockchain using a process called minting. Minting refers to the act of generating and recording a new digital asset on a blockchain through a smart contract. In the case of BAYC, each NFT represents a unique, hand-drawn artwork of a cartoon ape character. To create a BAYC NFT, interested individuals initially need to connect their Ethereum-compatible wallet, such as MetaMask, to the Bored Ape website. From there, they can access the minting interface and choose an available Bored Ape character they wish to own. By paying the specified fee, which includes the cost of the NFT and gas fees required for the transaction, the smart contract is triggered to generate a unique NFT associated with the chosen ape. The NFT is then immutably stored on the Ethereum blockchain, providing proof of ownership for the buyer.

This mind map was published on 15 August 2023 and has been viewed 56 times.