Cosmos Inscriptions are a type of Non-Fungible Token (NFT) that are minted on the Cosmos blockchain network. Asteroid Protocol now enables the creation of these Cosmos Inscriptions and CFT-20 tokens. Here’s our guide on Cosmos Inscriptions and how to mint free CFT-20 tokens on Asteroid Protocol.
Check out our video on Cosmos Inscriptions: Mint FREE CFT-20 tokens before they go LIVE!
What are Cosmos Inscriptions?
Cosmos inscriptions are a type of NFT minted on the Cosmos blockchain network. Inscriptions are essentially individual JPEG images permanently written onto the Cosmos blockchain. This concept is deeply related to the Ordinals Protocol on the Cosmos Hub but extends to Cosmos ecosystem. They can be minted, traded, and potentially hold significant value based on their rarity and desirability within the community. These inscriptions can be unique and collectible, similar to how NFTs work on other blockchains like Ethereum.
How to mint Cosmos Inscriptions (CFT-20 tokens) for free?
Time needed: 5 minutes
Here’s how to mint Cosmos Inscriptions (CFT-20 tokens) for free:
- Set up wallet
Download and set up a Keplr or Leap wallet.
- Fund wallet with Cosmos ($ATOM) tokens
You will need to buy or transfer Cosmos $ATOM tokens to your Keplr wallet in order to stake it on validators. You can buy Cosmos $ATOM tokens on major exchanges such as Bybit. Note: 1 ATOM allows approximately 2000 inscriptions.
Sign up for Bybit here!
- Connect to Asteroid Protocol
Connect your wallet to https://asteroidprotocol.io/app
- Prepare inscriptions
Choose what kind of JPEG image you want to inscribe on the blockchain. This JPEG image will then be your token. Note the JPEG must have minimum dimensions of 250×250, and maximum dimensions of 1024×1024. There is also a maximum file size limit of 550kb.
- Create CFT-20 token
Click “CFT-20 Tokens” and then “Create”. Here you can create your token. Fill in the token information such as the title and ticker. Also, define the maximum supply of your token and then set the maximum you can mint at one time. Upload your JPEG and click “Create token”. Note you will need to pay transaction fees in $ATOM.
- See your CFT-20 token
Go to “CFT-20 Tokens” and “Browse” to look up your token using the ticker you’ve assigned it. Then click “mint”. Remember, the number of times you can mint is determined by how much ATOM you have in your wallet, and you will need to click “mint” each time to mint 1 token. Please note, inscriptions haven’t started trading yet. However, you can mint and get ready for when the marketplace opens.
Cosmos Inscriptions are a type of Non-Fungible Token (NFT) that are created on the Cosmos blockchain network. The Asteroid Protocol now allows for the creation of these Cosmos Inscriptions and CFT-20 tokens. This is a little known yet potentially valuable avenue in the Cosmos Hub that could offer exciting opportunities. With our guide on how to mint free CFT-20 tokens on Asteroid Protocol, it is very simple and definitely worth a try. What’s more, it may only be free to mint CFT-20 tokens for a limited time!