Articles on: NFT 101

Learn How to Create a Collection by Deploying a New Smart Contract

Are you an NFT lover looking to mint your NFTs? Then you have come to the right place. Before putting up your NFTs for sale, you are required to create a collection. For minting any digital asset to the blockchain, the collection is required to be deployed on the blockchain first. Once the collection is deployed, it acts as a bucket holding your NFTs. Now you can add as many NFTs to your collection as you want.

Sounds exciting but looks complicated? Well, it is supremely easy and flexible with NFTICALLY to get the smart contract deployed in a few simple steps.

The collection will be made up of digital assets that you want to map to your blockchain. It is created to generate new smart contract addresses. Creating a collection at NFTICALLY is simple and hassle-free.

The following steps will help you to create and deploy a new smart contract for your NFT collection easily:

Visit your store website and click on the third icon on the top right, the icon would display a drop-down list, and select the ‘My NFTs’ option.

The ‘My NFTs' option would take you to the NFT page of your store. Here, on the left side, you will see ‘My Collection’, click on that and then click on the ‘Create Now’ button at the bottom.

A pop-up will appear. At the top, you will have the option to choose between ‘Deploy New Smart Contract’ and ‘Use Shared Smart Contract’. Click on ‘Deploy New Smart Contract’.

Choosing ‘Deploy New Smart Contract’ means that you might have to pay the gas fee as you will be using a fresh smart chain contract into the blockchain using your wallet. If you want to have a dedicated collection and you are not willing to share it with anyone, then this option is best for you.

Furthermore, you are required to select the blockchain on which you would like to deploy the respective collection. NFTICALLY currently supports a number of blockchain networks, namely – Ethereum, Polygon, Binance Smart Chain, Cronos, and Avalanche. You may choose any one of these.

The next step would be to give a name to the collection.

Moving forward to the next step, put a logo for your collection. This makes your collection look more professional and attractive.

The next step will be adding a description to the collection so visitors can better understand your collection. Keep its description short to the point and relevant.

This is the most important step of the entire process as you are required to choose the type of collection. As of now, you can either choose from the ERC 721 (For Non-Fungible Assets) or ERC 1155 (For Fungible Assets). ERC -721 collection will enable you to add NFTs which are going to be unique in nature and thus every NFT will have a unique Token ID. On the other hand, if you want to create multiple copies if the same NFT, then ERC 1155 will serve the purpose.

Next, you need to select a category for your collection. Decide what category you would like to choose for your collection. Choose the one that defines your collection the best. Or you can also create a new category as per your preference and assign to the respective collection.

Once you are done filling in the required information, the final step would be to hit the ‘Create Now’ button.

Once the collection is created, you will be redirected to the 'Edit Collection Page'. Here you can ensure that all your information you have filled is correct like the name, description, category of NFT, and more.

As you would move down the page, you will find an option where you can add all the links to your social media as well.

Scrolling down the page, you will see the royalties feature. If you want to fetch royalties on your NFTs, then you have to define them at the collection level. In order to assign royalties to your NFTs, mention the royalty percentage and enter the beneficiary wallet address in the given corresponding box.

If your collection will have any sensitive or explicit content as NFTs, you can enable the Explicit/sensitive Content button and this will act as the discretionary advice to your audience.

Once all the required changes have been made to the collection, click on the 'Save Changes' tab in order to ensure all the changes have been saved successfully.

When you have saved your collection, you will now be directed to the respective collection page and from here on you will be able to add NFTs to your collection by clicking on the 'Add Item' button.

In order to deploy the collection the blockchain, you will be required to mint your first NFT. Upon minting, a new smart contract address will be generated for your collection.

Creating a collection is not a tough task here. What matters more is the value the NFT collection is bringing to the blockchain. By following the simple steps you can add as many collections to your store. You just create a wallet, put together your collections, add your NFTs ( images, songs, clips, etc.), and then good to go to put your NFTs for sale.

Updated on: 06/05/2022

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