An NFT (or non-fungible token) is a one-of-a-kind digital asset that can be owned individually. NFTs typically represent real-world objects such as art, music, in-game items and videos. They are purchased and sold online, usually with cryptocurrency (like Ethereum, for example) and are traditionally encoded with the same underlying software as many cryptos.
Minting is the process of creating or producing something. In regards to blockchain technology, minting refers to the process of validating information, creating a new block, and recording that information into the blockchain. For example, someone can mint an NFT or a new cryptocurrency.
Lil’ Hippo is currently NOT yet available for public minting, however, if you would like to join our whitelist so that you can participate in our private minting sessions (which is only available for members of our Discord and Clubhouse community), you can submit your wallet address here. Minting dates and times are announced via Clubhouse and Discord.
VERY SOON! Stay tuned for updates!
You need to have a wallet that holds NFTs (we recommend MetaMask) and enough Ethereum in your wallet.
The process of obtaining a MetaMask wallet and sending Ethereum to it is actually very simple. There are two ways to do this: you can either download the MetaMask app or install the MetaMask extension on your Google Chrome browser. Or you can do both so that you can manage your MetaMask wallet on multiple devices. If you need help getting the wallet set up, refer to this YouTube video. For instructions on sending Ethereum to your MetaMask, check out this video on YouTube. You can also purchase Ethereum directly within Metamask. Follow this video for instructions on how to do that.
Prices are usually announced just prior to minting, but the cost is usually equal to or lower than the current floor price on OpenSea, which, as of now, is around 0.09 ETH. To be safe, you should have at least 0.12-0.15 ETH in your wallet to cover the cost of minting plus gas fees.
“Gas fees” are transaction fees paid to miners on a blockchain protocol in order for their transactions to be included in the block. The system operates according to a standard supply and demand mechanism. If there is a higher demand for transactions, miners can choose to include transactions that pay more, compelling users to pay more in order for their transactions to be processed quickly and efficiently. In other words, when a lot of people are using the blockchain, gas fees are higher. When there aren’t many people using it, gas fees are much lower.