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Described as an easy on-ramp to the world of NFTs requiring no prior blockchain or crypto know-how to enter the ecosystem, Momint is essentially a platform that allows users to create or mint, sell and also purchase NFTs. Momint is aiming to prioritise quality over quantity which is why the platform only allows a user to make one post per week. Early adopters get 6 posts to begin with. Getting started on the platform is very easy. You can simply get started here. UK registered with its base in South Africa, Momint hosts South Africa's Largest Quarterly NFT Auction.
The project chose to use a proof-of-stake blockchain so that NFTs minted on their platform can be more eco-friendly.
For withdrawals Momint transfers Ethereum into the user’s personal crypto wallet.
Momint makes it possible for collectors to tip what they can afford and also support their favourite creators.
Posting on Momint is a 3 step process
1) Upload a file (video, image or 3D .glb - a 3D file format that is typically used in gaming, virtual reality (VR), augmented reality (AR), and web apps since it supports motion and animation.
2) Set title and description
3) Choose the number of editions, royalty splits, pricing, usage rights etc.
We decided to do an NFT video launch on Momint to test it out for myself, first hand and I must say the experience was surprisingly seamless. The drop is of a video recording from a studio session where the song Hodl Bag was created and written by Grey Jabesi (Hardcore Crypto) & Heath Muchena (Sir Squillionaire) and produced by Lee Global & Dominant One.
This is how the process went:
First we had to create an account on Momint.
Then we browsed around to see works of other creators we thought were intriguing. This introduces a social aspect, making the platform more interactive.
We didn’t need any funds to get started on the platform as you can see the wallet still has a zero balance.
Let the minting of HODL Bag begin….
The rest of the process below was done on mobile on the iOS app. They also have an Android version.
First we added a description.
We uploaded the video file.
We set the price for 25 editions of the NFT at US$500 each. The royalty setting was set to 100% payable to Decentralised. Momint has flexible royalty splits.
We chose the default licence for this drop and that gives the collector the right to resell for personal use. Creators can choose either of the 3 options available.
Creators can incentivise potential buyers of the first edition by providing some extras. In this case, we intend to upload a link with a second video clip from the same session and add the link of the additional file.
And just as simply as that the NFT minting process is initiated.
As a creator, you can share news of your drop to generate interest and awareness.
Momint is an easy to use, innovative platform doing something unique in the space by providing creators with a user-friendly platform that doesn’t require upfront fees to mint NFTs and have them available in the marketplace.