1-of-1 NFT collection

Here’s a detailed explanation of each field you’ll encounter when creating a 1-of-1 NFT collection
Written by Jakub
Updated 3 months ago

Create Your 1-of-1 NFT

This section allows you to create a completely unique digital asset. A 1-of-1 NFT means that only one version of this NFT will ever exist, making it highly valuable due to its exclusivity. Now, let’s break down each field involved in the process:

NFT Details

This section captures the core information that defines your unique NFT, including its name, description, image, and other key attributes.

NFT Name

  • Description: The NFT name is the title or label you assign to your unique asset. It is the primary identifier that collectors will see when browsing or searching for NFTs.

  • Tips: Choose a name that reflects the uniqueness or the theme of the asset. Be creative, but also clear so that potential buyers understand what they are purchasing.

    Example: "Ethereal Visions #1"

NFT Description

  • Description: This is where you provide a more detailed explanation of your NFT. The description gives context about the artwork, its meaning, or any special attributes it might have.

  • Tips: Use this space to tell the story behind the NFT. You might want to include details about the creative process, the inspiration behind the piece, or why it’s significant.

    Example: "Ethereal Visions #1 is a hand-drawn digital illustration inspired by the concept of dreamscapes. This 1-of-1 artwork captures the surreal intersection of nature and imagination."

NFT Image (No File Chosen)

  • Description: This is where you upload the visual representation of your NFT. It could be any form of digital art—such as a photograph, illustration, 3D model, or animated graphic.

  • Supported Formats: Common formats include JPEG, PNG, GIF, or even short MP4 videos.

  • Tips: Ensure the image is of high quality and resolution to attract collectors. Choose a thumbnail that represents the essence of your artwork, as it will be the first impression buyers have.

    Example: An HD digital artwork or animation that conveys the theme or concept described.

Supply

  • Description: For 1-of-1 NFTs, the Supply is fixed at 1, meaning only one version of this NFT will ever exist. This is what makes it rare and valuable. However, some platforms may still ask for confirmation of the supply.

  • Tips: If you’re creating a single, exclusive piece, always ensure that this field is set to "1" for a true 1-of-1 NFT.

    Example: Supply = 1 (default for 1-of-1 NFTs).

Royalties

Royalties enable you to earn a percentage of future sales of your NFT. Whenever the NFT is resold on the secondary market, a portion of that sale will go back to you as the original creator.

  • Description: Enter the percentage of royalties you'd like to receive from every resale of the NFT.

  • Tips: Choose a royalty rate that balances rewarding you for future sales without discouraging potential buyers or collectors. Most artists typically set royalties between 5% to 15%.

    Example: 10% royalties on every future sale.

Royalties Percent

  • Description: This is where you specify the exact royalty percentage you'd like to receive on future resales. The royalty percentage determines how much of the sale value will be transferred to you whenever your NFT is resold by a new owner.

  • Tips: Be mindful of how high or low you set this percentage. A high royalty can discourage frequent resales, while a low one may limit your long-term earnings.

    Example: 10% means that you will receive 10% of any future sales after the initial purchase.

Royalties Wallet

  • Description: The Royalties Wallet is the blockchain wallet address where you will receive the royalty payments. This ensures that any future earnings from the resales of your NFT are automatically transferred to this wallet.

  • Tips: Double-check your wallet address to ensure it’s correct, as blockchain transactions cannot be reversed. Use a wallet compatible with the platform you're working on, like a Solana-compatible wallet for Radius.art.

    Example: Enter your Solana wallet address: 3hYvZ1...Fke9X

Final Thoughts:

When creating a 1-of-1 NFT, it’s important to focus on crafting a compelling narrative in the description and ensuring that your image file is of the highest possible quality. The royalty settings allow you to earn long-term revenue from the piece, so make sure to strike a balance that benefits both you and future collectors. Accurate wallet information is critical to ensure you receive your payments seamlessly.

Let me know if you need help with any other aspects of creating an NFT collection!

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