Create Your Limited Edition NFT
A Limited Edition NFT collection allows you to create a set number of identical NFTs linked to a specific asset, providing scarcity and value through controlled supply. With a limited number available, each NFT retains collectibility and exclusivity for buyers. Here's a breakdown of the fields involved in setting up your collection:
NFT Details
This section captures the key information about your limited edition NFT, including its name, description, image, supply, and royalty structure.
NFT Name
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Description: The NFT Name is the title or identifier for your limited edition collection. It will be the main way collectors recognize and find your asset in the marketplace.
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Tips: Choose a name that reflects the theme or subject of the NFT, and try to keep it concise and memorable. It should resonate with collectors and give a clear idea of what the collection represents.
Example: "Celestial Visions – Limited Edition Series"
NFT Description
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Description: This is the section where you provide an in-depth description of your NFT. This could include details about the artwork or asset, its inspiration, significance, and any additional features that may add value (such as future unlockable content).
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Tips: Use this space to give potential collectors insights into the meaning or process behind your work. Mention if the NFT is part of a series, any potential use cases (such as future token-gated content), or its limited availability.
Example: "Celestial Visions is a series of 50 limited edition digital artworks that explore the intersection of astronomy and abstract art. Each NFT in this collection represents a unique celestial moment captured through artistic interpretation."
NFT Image (No File Chosen)
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Description: Upload the image or visual representation that will serve as your NFT. This is the digital file tied to the limited edition NFT, such as a piece of artwork, a 3D render, a graphic, or even a video.
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Supported Formats: Common formats include JPEG, PNG, GIF, and MP4 for videos.
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Tips: Make sure the image is high-resolution and visually compelling, as it is the primary attraction for collectors. Choose a file that best represents the essence of the NFT and ensures it stands out in the marketplace.
Example: A high-quality illustration, animation, or artwork related to your description.
Supply
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Description: This field determines how many NFTs will be minted as part of this limited edition collection. The supply is the fixed number of identical NFTs that can be owned by different collectors. Once the specified number is minted, no more will be produced, creating scarcity.
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Tips: The supply should reflect the level of exclusivity you want to offer. A smaller supply creates more scarcity and potential value for collectors, while a larger supply makes it accessible to more buyers.
Example: Supply = 50 (means 50 identical NFTs will be available for purchase).
Royalties
Royalties allow you to earn a percentage of any future resales of your NFT collection. By setting a royalty percentage, you ensure that whenever your NFTs are resold in the secondary market, you receive a portion of the sale price.
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Description: Enter the percentage of the resale price that you want to collect as royalties.
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Tips: Consider setting a reasonable royalty rate that reflects the value of your work but doesn’t discourage future sales. Common royalty rates range from 5% to 15%.
Example: 10% royalties on future resales.
Royalties Percent
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Description: This field is where you input the exact percentage of the resale price you wish to receive as royalties from secondary market sales.
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Tips: Be strategic in choosing this percentage. A higher percentage benefits you but could potentially discourage buyers from reselling if they feel the royalty rate is too high. A moderate rate encourages more transactions while ensuring steady royalty earnings for you.
Example: 8% means you’ll receive 8% of every resale price, whether the NFT sells for more or less than the original price.
Royalties Wallet
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Description: The Royalties Wallet is the blockchain wallet address where you will receive your royalty payments. This wallet will automatically collect the royalty percentage on all future secondary sales of your limited edition NFT.
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Tips: Double-check that the wallet address you provide is correct, as payments are sent directly to this address. Use a blockchain wallet that is compatible with the platform, such as a Solana wallet if you’re using a Solana-based platform like Radius.art.
Example: Enter your wallet address: D9J4...wZt3f
Final Considerations
When creating a Limited Edition NFT collection, it’s crucial to balance supply, pricing, and royalties. While a small supply creates a higher sense of exclusivity, larger collections can attract more buyers and boost engagement. The description should clearly communicate the story or value behind the collection, and the image should represent your work in the best possible light. Setting royalties helps ensure long-term earnings from future sales, so be sure to choose a rate that encourages both resales and fair compensation.