Articles on: NFT 101

Learn How to Use a Shared Smart Contract for your NFT Collection

Are you an NFT lover looking to mint your NFTs? But high minting cost or gas fee becoming a hurdle for you? Well, with NFTICALLY, minting NFTs has become completely gasless on Polygon network. All you need now is the asset that you need and you will be all good to get your NFTs minted.

Before putting up your NFTs for sale, you are required to create a collection. Before 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

By using Shared Smart Contract for your NFT collection, you can create and deploy a collection without paying any gas. The collection will be made up of digital assets that you want to map to your blockchain. It is created to generate smart contract addresses. Creating a collection at NFTICALLY is simple and hassle-free.

The following steps will help you to create 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 ‘Use Shared Smart Contract’.

If you want to be cost-effective and save the gas, ‘Use Shared Smart Contract’ will work best for you. Here you only have to pay a very small amount to mint the NFTs in the form of Approval fee. Once the collection has been created you cannot delete it and if you still want to force stop it then press the contact us button at the right bottom of the screen.

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 Fuji. 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. 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. You may also add a featured image for your collection.

Updated on: 12/05/2022

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