Bankless: How to create NFTs with Blaster

Author: William M. Peaster, Bankless; Translator: Wuzhu, Golden Finance

Blast is currently the only Layer 2 that provides native yields through ETH staking and real-world assets (RWA).

ETH and stablecoin holders on Blast can automatically earn interest simply by holding assets on the network.

BLASTR is a project that has built an interesting path for creator monetization around this model, and the platform makes it easy to create and collect NFTs.

This is because BLASTR integrates with Blast's yield system to provide a safe and profitable environment for NFTs. Here’s how it works:

• Collection Setup:Creators can set up their NFT collections by defining the minting price, supply, and timelock duration. Each collection launches its own ERC721 smart contract, ensuring DIY control over funding and decision making.

• Minting Process:When an NFT is minted, the ETH used is locked in a smart contract for a specified period of time. This ETH generates yield through Blast’s native yield system.

• Refundable NFTs:Once locked, NFTs can be refunded. If the holder chooses a refund, the NFT is destroyed and the ETH is returned.

• Revenue Generation:Creators earn BLAST native yield from the ETH locked in the contract, not to mention Blast Points and Blast Gold. For example, BLASTR estimates that the annual revenue of 5,555 collectibles minted at a price of 0.1 ETH each is about 22.22 ETH.

That is, collectors can also earn points and rewards by collecting NFTs on BLASTR. Just browse the existing collections, find the one with the right price and offer for you, and then mint.

As mentioned earlier, the ETH you use for minting will be locked, and the NFT creator will earn the benefits over time. After the lock-in period is over, you can keep your NFT or get a refund, ensuring a risk-free collection experience.

On the other hand, it is also simple to create an NFT collection on BLASTR. It only takes a few steps:

• Start Your Collection: Connect your wallet at blastr.xyz/create and start a new collection by filling in the main details such as name, description, mint price, and supply.

• Customize: Stylize your collection with images, banners, and social media links as you see fit.

• Prepare Your Contract: Define your smart contract details and prepare your artwork. If you need help, BLASTR has created a helpful guide on uploading artwork to IPFS.

• Finalize:Customize your public and private minting stage settings, then press the "Deploy" button.

• Launch:Once deployed, your collection page will go live. Here you can edit your collection as needed, or press "Launch Public Mint" to begin your minting. Please note that the first 5 minutes will be reserved for BLASTR key holders.

Looking forward, if BLASTR continues to be successful, it may inspire more platforms to adopt a similar model of integrating native Blast into their applications.

In the meantime, the use cases for BLASTR are wide open, from DAO memberships to on-chain subscription services, so keep an eye on it as a novel on-chain way for creators to monetize their work.