We’re all well aware of the turbulence right now, not only the crypto crash, but in the world as we know it. However, this hasn’t stopped people from diving into the industry and riding the NFT wave, to be specific. Some are buying NFTs, some are selling NFTs, and some are creating NFTs from scratch! This is done through a process called minting. As always, you can read all about what Minting NFTs is and how to manually mint an NFT on our platform! But in this article, we will be explaining what NFT Minting Bots are, as well as their pros and cons in comparison to manual minting! Flash news, they are not the same as NFT sniping bots!
What are these bots?
Good question. If you’re new to the industry, let’s back up and tell you a bit about what bots are in general. An Internet bot, often known as a web robot, robot, or simply a bot, is a software program that uses the Internet to carry out automated operations. They kind of imitate human activity, but are not human! Get it?
Now, these bots are developed and used by people, and in this case, to mint NFTs. NFT minting bot can be described as a brand new type of blockchain software that permits people to issue and create new digital assets through Ethereum. A group of programmers wanted to make it simple for users to begin with the process of issuance of assets, so they developed these infamous bots.
Some make it simple and quick to generate tokens, while others give you more customization choices. In detail, they provide a smart contract that enables users to create and share NFTs. The bot itself also has the ability to create, send, and even manage NFTs. And there are numerous NFT minting bots on the market right now!
Top NFT Minting Bots
1) Bitfinex (Previously Ethfinex)
In October 2019, the creators of ‘Ethfinex’ changed the name to Bitfinex instead. This bot was created by one of the most well-known exchanges for trading cryptocurrencies and tokens. Moreover, it’s one of the most well-known NFT minting bots available. And it’s very easy to operate with a variety of functions!
2) Genesis
Genesis mining is a well-known name in the NFT minting industry and offers a variety of beneficial choices, including price consistency and speedy transactions. Being a Genesis Holder grants you access to an advanced automation suite. You can mint NFTs across multiple wallets, Snipe OpenSea listings, & scale your trading possibilities. They even have a discord!
3) Urban AIO Pass
This bot promises to help you secure the most limited edition items your heart desires! In detail, it grants an automated solution aimed at speeding up checkout process on various websites and platforms.
4) Magic Eden Minting Bot
Magic Eden is the most popular NFT trading platform on the Solana blockchain. Furthermore, Magic Eden has grown to be a very well-known Solana NFT marketplace because it offers low costs (Transaction, gas fees). Moreover, its strong liquidity enables users to buy, mint, and sell as well as explore the NFT market.
5) Coinomi
Coinomi is a blockchain wallet trusted by millions. It promises to securely store, manage, and exchange Bitcoin, Ethereum, and more than 1,770 Tokens and Altcoins. It is a well-known platform due to its user-friendly interface and support for a variety of coins.
NFT Minting Bots: Pros and Cons
NFT Minting Bots are flat out EXPENSIVE. But this is actually a disadvantage that can lead to an advantage. Yes, you are paying a lot of money now, but this is a long-term investment and you have the opportunity to make a lot of profit.
Just keep one thing in mind! In contrary to manual minting, if you’re not bulk minting or trading, then it’s not worth to utilize bots. The key is to use NFT minting bots whenever you’re planning a super hyped and bulky project.
Manual Minting: Pros and Cons
When it comes to manual minting, the process is fairly uncomplicated. Now, the good thing about manual minting is that, you oversee the minting process from A to Z. This is for the skeptical people out there! In addition, if you’re into NFTs for the art and not for the money gains, then manual minting is much more suitable for you. Finally, use manual minting when you’re generating a limited number of NFTs, rather than a bulk collection!
When it comes to disadvantages, manual minting can be hindered whenever there’s a hyped NFT project. For instance, if you are aiming to manually mint 1 NFT, and there’s some high demand and buildup on an NFT project, the process might be very slow. Heck, you might not be even able to go through with the minting because of that! So, pick your poison!
Our Final Thoughts!
Let’s lay it out simple and smooth; it’s all up to you! Manual minting and NFT minting bots both have advantages and disadvantages. At the end of the day, it’s all about what you are aiming for. You must simply conduct thorough research and decide on what you want to achieve. Only then will you be able to choose which process to use and which is more suitable for your project.