Creating your first original NFT collection - How to create an NFT…

Creating your first original NFT collection - How to create an NFT Part 1

Creating your first original NFT collection - How to create an NFT Part 1

You already know what an NFT is and how popular they are. Now, you’re ready to harness your artistic side by creating and selling your first original NFT collection. But how do you actually create NFTs?

This two-part article will show you to do it for free, and also provide some resources to explore further. Let’s jump right in.

    How to create an NFT: Laying the groundwork

    You probably already know what kind of NFTs will be in your collection: graphic art, photos, video, audio, or even a mix of all of these. But before you start, you have a few decisions to make.

    Which NFT marketplace will you sell them on, and which blockchain? We’ll start with OpenSea because it’s available to everyone, easy to use and virtually free (if you mint your collection with Polygon). It’s also the largest by far, so there are more potential buyers.

    How many NFTs will be in your collection? The overall size can vary greatly; Beeple’s The 5,000 Days Collection is just 119 NFTs, while the Bored Ape Yacht Club collection has 10,000.

    Also, how many copies of each NFT will be allowed? It might seem contradictory to mint multiple copies of a “unique” NFT, but OpenSea uses the newer ERC-1155 standard that enables “semi-fungible” tokens (SFTs). They’re like movie tickets, with a limited number of identical tickets for each show that are different from those for other shows.

    As with any collectible, single copies are significantly more valuable than multiples. SFTs are often an easy way to get a token into as many hands as possible. For example, CoinMarketCap often rewards frequent visitors with NFTs that are minted in the tens of thousands.

    Supporting materials

    Before you start to build your NFT collection, you’ll need to do some prep work. First, you’ll need to make some artwork. It doesn’t have to be sophisticated; the free apps bundled with Windows or Macintosh should work fine.

    1) A “logo image” for an avatar, preferably 350x350 pixels. An animated GIF can be used to get more attention. It will be cropped within a circle.

    2) A “featured image,” preferably 600x400, shown when someone searches for your collection.

    3) A “banner image,” preferably 1400x400, displayed at the top of your collection page. You can include text but don’t overdo it, since it will be displayed on a variety of devices.

    Also, to create a feeling of community, you’ll need some social media resources:

    1) A Facebook group page (which can substitute for a website.) From your FB home page, click on Groups, then “Create new group.”

    2) A Discord server, where your NFT community will probably gather. If your Discord grows quickly in size, you might need to think about hiring moderators!

    3) Twitter: Create a new account with an appropriate name. Add your graphics files here, too.

    4) Medium: Write a detailed article describing your project for potential customers who want to check it out more deeply.

    Finally, you need a concise description of your project, 1,000 words or less. This can include markdown for fancier formating.

    How to create your NFT collection

    Armed with these materials, you’re ready to begin. From OpenSea’s home page, open the avatar menu and select “My Collections.” To the right of the “Create a collection” button are several advanced options we’ll discuss in Part 2. For now, just click the button.

    At the top of the page are three fields for uploading the graphics you created earlier:

    Below these are several additional fields:

    Name: Keep it to around 20 characters, or it will be truncated.

    URL: You’ll use this in your promotions, so make it memorable.

    Description: Put your markdown text here.

    Category: Choose one. “Utility” refers to utility tokens. ”Art” and “Collectibles” tend to be used interchangeably.

    Links: Add links to your website or Facebook group page and Medium page.

    Creator Earnings: The royalty (ranging from 0 - 10%) is collected on all sales and paid to the creator (you).

    Blockchain: If you select Polygon, you’ll avoid all transaction fees, so it’s free to create an NFT! Customers will buy them using wrapped ETH, which will be sent to your wallet on the Polygon blockchain.

    Display theme: Feel free to experiment.

    Explicit & sensitive content: Drag the slider to the right to enable this.

    Once these are filled in, the “Create” button becomes visible. Click it and you’re done!

    Create NFTs for the collection

    Click “Create” in the menu bar:

    Click on the large square to upload the media file that will become your NFT. OpenSea’s 100 megabyte limit is bigger than many other marketplaces; if you plan to sell them later on a different marketplace, set the size accordingly.

    Name it whatever you want, though artists tend to use the collection plus a sequential number, e.g. LazyLizard #001.

    Below this are several other fields:

    External link: This needs to be your own website.  OpenSea won’t allow a Facebook or Instagram address here.

    Description: This can be the same text you used for the Collection, or a description of this particular NFT.

    Collection: Choose the collection you just created.

    Properties: You can provide additional information. In the left-hand example below, it shows this is NFT #114 in a series of 130 and there are 50 copies of it. The right-hand example describes one of a series of algorithmically-generated graphics This is discussed in Part 2.

    Levels and Stats are used primarily with game assets.

    Unlockable Content is for anything you wish to include as a bonus, like a certificate of authenticity or a full-size print.

    Supply: How many copies of this NFT are available for sale?

    Blockchain: By default, this is the same as the collection’s blockchain..

    Freeze metadata: Ignore this for now (covered in Part 2 of How to Create an NFT).

    Finally, click “Create” and complete the test to prove you’re human. Congratulations! You’ve created your first NFT, for free (if you chose Polygon).

    What comes next?

    In Part 2 of How to Create an NFT we’ll show how to put your NFTs up for sale, including pricing strategies and whitelisting. We’ll also look at some other marketplaces, how to mint NFTs offline and then upload them for sale, and more.

    This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.

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