How to Brand Your Collection?
A blockchain collection is a digital catalog of your artwork, secured by smart contracts to verify authenticity and track ownership. This ensures each piece is uniquely identified and protected, providing both you and the collectors with confidence within its provenance and value.
Creating a smart contract for your collection is an excellent way to protect your hard work and build trust with collectors. It secures each NFT within the contract as authentically yours, automatically tracks ownership, and enables you to receive royalties from future sales.
This approach simplifies managing your artistic legacy, making it more transparent and accessible for people to discover and appreciate your work.
In short creating all NFTs under a unique contract creates a collection.
Royalties depend on the marketplace facilitating the sale. Details about specific royalty fees can be found on the platform handling the transaction.
For example, OpenSea caps creator earnings at 10%.
When creating an NFT there will be an option during the minting step. Here you can scroll down to the "Advanced" section and can create a contract with the following steps.
Contract name – This is the name that will be displayed when someone looks up your a NFT minted with this contract.
For example: each NFT could be a song in an album. The album name is what the contract name could be, this means that when you search for the album you will get all the songs (NFTs) within it.
Description - This will show up when someone looks up the details of your contract in a store/marketplace.
External link – link that will take you to page affiliated with the created contract.
Tags - tags are useful to organize your contracts.
The details you provide will appear on store pages to help people understand the purpose of your contract and the NFTs minted through it. Once you've entered all the information, click the “Next” button.
In the next window you will be able to select the image that will appear on store pages related to your NFT collection. Select from where you want to upload your image and click “Next”.
In this window you will see the summary of you contract details.
If everything looks in order - proceed to the next step by pressing "Confirm".
IMPORTANT: Your contract will not be deployed and you will not be billed until you finish the rest of NFT minting process. The cost of deploying the contract will be added to the cost of minting.
Next you can finish the process of minting your NFT. After that in “My orders” you will be able to see state of deplying your contract.
You can also create new contract straight from the contracts module.
This path is not advised due to implementation short comings. It is functional just not very user friendly.
To begin, head over to the "Contracts" section of the menu. Here you will see all your currently created contracts, as well as the option to "Create new contract", click that button to get started.
Polygon - Faster, more affordable, and highly recommended by Skidra. This is the blockchain you will want to use when creating a large amount of NFTs to reduce deployment cost while maintaining efficiency. Ethereum - Slower, more costly. This is the blockchain you will want to use when security is your top priority, and when you consider your NFT more of a premium commodity.
Blockchain - Select either Polygon or the Ethereum blockchain.
Contract name - Add the name of the contract.
Payment method - Here you will select your preferred choice of payment as added through the billing setup.
Basis Points - each basis point equals 0.01% so to have 10% royalties it is necessary to enter 1000 points.
After adding all the details click the "Estimate deploy" button. You will be redirected to a page with a summary and estimated cost. If all the information is correct click the "Confirm deploy" button.
