Creators: Setting up Your Digital Wallet for Minting | MakersPlace Blog

A digital wallet is one of the most important tools for minting and selling your creations as NFTs on MakersPlace. This article will introduce this technology and how it works on MakersPlace.

🎨 The artwork featured in this article’s header is “Fancy Fatalities #016” by marubu.

What is a digital wallet?

A digital wallet is an application built on blockchain technology that serves as your identity and the mechanism to sign and store the digital artworks you create and sell. 

Every artwork uploaded to MakersPlace uses the creator’s digital wallet as a unique signature to issue authentic copies of each artwork. Collectors value art on MakersPlace because of the authenticity and verifiability of each artwork due to this signature. 

🧐 Click here for our comprehensive guide to digital wallets

How digital wallets work on MakersPlace

When you first sign up on MakersPlace, you have the option to either

1. Use your personal digital wallet or
2. Use a digital wallet issued and managed by MakersPlace.

If you’re completely new to blockchain technology, we recommend using the MakersPlace-issued digital wallet until you become more familiar. You can always connect a personal wallet in the future.

Using a MakersPace-issued wallet

There are a few technical hurdles and concepts to familiarize yourself with as you first begin creating NFTs including:

1. Managing your secret key
2. Understanding blockchain transaction fees
3. Granting token approvals
4. and more.

With a MakersPlace-issued wallet, you can just start creating without needing to understand these concepts, although we highly encourage you to learn these concepts over time.

Things to note about a MakersPlace-issued Digital Wallet:

1. This wallet is entirely managed by MakersPlace. Access to these wallets is limited for security purposes.
2. This wallet is dedicated to you and will prove authenticity for all artworks you create on MakersPlace.
3. This wallet is only used for creation. DO NOT send any funds or tokens to this wallet. Gaining access to these wallets is deliberately very difficult for security reasons.

Using a Personal Wallet

If you’re already familiar with blockchain technology and own a digital wallet, we recommend using it.

🚨 Please follow the best practices outlined in this article to protect your cryptocurrency and assets when interacting with blockchain technology.

Here are the steps to connect your personal wallet:

1. Go to your Account Settings page: https://makersplace.com/profile/
2. Click on Connect Your Personal Wallet

3. Connect your Digital Wallet

4. Give our Smart Contract escrow access to your artworks.

This last step ensures that MakersPlace can transfer your artworks to buyers upon sale. Please use a reasonably high GWEI when providing this approval to complete your request in a timely manner.

5. Verify that you see your digital wallet set as your…