How to Mint & List an NFT from your Phone with Algogems
Learn what Algogems is and how to mint & list your first NFT on Algorand
Disclaimer: Like any DeFi project, Algogems comes with risks. The project can fail, smart contracts can be hacked, assets could be compromised, etc. Always proceed with caution in DeFi!
Welcome back to the club, gov!
We have a fun one for you today. We’re going to take a look at Algogems, a NFT platform that allows users to mint & list an NFT directly from their phone. We’re not going to lie, we were surprised by how easy it was.
In fact, it was so easy we were able to fit the guide in a twitter thread!
In this quick and easy guide, we’ll cover what Algogems is, how to mint & list your first NFT from your phone, and of course how to generate passive income while doing it!
What is Algogems?
Algogems is an open NFT marketplace with a user-friendly UI that enables artists to mint, auction, and list their NFTs for relatively free. While other NFT platforms often charge hefty fees to mint & list NFTs, Algogems charges 0.001 ALGO for minting, bidding, selling, auctioning, or buying NFTs.
With that being said, Algogems provides users with an option to mint NFTs for free by allowing Algogems to act as the creator wallet (to cover fees) while users act as the manager wallet to collect all proceeds & royalties (minus fees). This is a great tool for users who don’t have access to ALGO to get a jump start. Pretty cool, right?
Gov Tip: To learn more about the differences between creator and manager wallets, check out the official Algorand developer documentation here.
In addition to being a user-friendly NFT marketplace with low fees, Algogems has a native token (GEMS) which grants users the right to participate in the platform’s Governance model. By staking GEMS directly on the platform to participate in Governance, users will be able to:
Participate in votes to fund new initiatives
Verify Algorand Accounts
Prevent stolen art
Categorize or tag NFTs
But that’s not even the best part! GEM stakers will receive a portion of Algogem’s profits after a 3-month (13 weeks) staking period, providing users with a continuous passive income stream. Governance rewards will be paid out in GEMS and the APY will be based on an individual’s level of participation in Governance.
In addition to the above, GEMS can be used to boost artists in two different ways. Users can tip artists GEMS to provide them with a spotlight boost (i.e. being featured on the homepage), and artists can hold GEMS to provide themselves with that spotlight boost (i.e. the more GEMS an artist holds, the more their work is boosted).
GEMS holders will also get exclusive benefits during Algogems’ special events, lotteries, exclusive drops, and of course fee reductions. GEMS also provides holders with early access to projects, and even increases their chances of getting rare NFTs.
Algogems plans to continue to build out their platform throughout the year and plans to release exciting features such as:
Native mobile app
Physical art deliveries
NFT Lotteries & exclusive NFT drops
You can take a peek at their full roadmap below.
How to Mint & List an NFT from your Phone
Step 1: Connect Wallet
Go to www.algogems.io & connect your wallet by clicking the lock icon in the upper right. Select the wallet app you’re using & then select the address you’d like to mint your NFT from. You’ll then be prompted to select your wallet address on Algogems to confirm your selection.
Step 2: Choose File to Mint
Once you’ve connected your wallet, you will immediately be able to upload a file and begin the minting process. We decided to mint a photograph one of us took on a recent vacation in New York City.
To begin the minting process, select ‘Click to Upload’ and then choose the photo you’d like to mint & select ‘Choose’. When you’re finished select ‘Let’s Go!’ to continue.
Step 3: Begin Minting
Disclaimer: Depending on how big your phone screen is, it may be difficult to complete the next step because the screen can get cut off. If you find it hard to read, it may be best to switch over to a tablet. However, we didn’t need to make this switch ourselves.
Once you’re ready to proceed, you’ll want to name your NFT, provide a description of it (optional), and then set a royalty. You know we love passive income at the Club, so we’ve set the royalty to the max allowed (10% of future sales). When you’re ready select ‘Mint NFT’.
Gov Tip: To proceed with a zero-cost minting, select ‘Mint for free?’ from the options on this screen. As a reminder, this will set Algogems as the creator and you as the manager.
Step 4: Finalize Minting & List NFT
When prompted, sign the transaction (0.001A fee) to confirm the minting. Once minted, you will have the option to put it up for auction or to sell it. We decided to sell it, and to do the same you’ll need to select ‘View My NFT’. On the next screen, select ‘Sell’ to list your NFT.
Next, input the price you want to list it at. We went with a modest 5A for the Club’s first NFT. Choose ‘Submit’ to begin the process of uploading your NFT to the Algorand ledger.
Gov Tip: This can take a bit of time, and it can also freeze up, so you may need to refresh and try again.
And that’s it! How easy was that, gov?
You can check out the Club’s first NFT here. And if you use this guide to mint your first NFT, please drop links to them in the comments below! We’d love to see what you’ve created with our guide.
As always, thank you for stopping by the club. Until next time, gov!
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