Editions on Foundation offer a unique way for collectors to acquire editions of a single NFT artwork - these types of collections are available for minting for up to 7 days, after which time, minting is forever closed, creating valuable exclusivity for participants.
When you’re ready to create your edition, you’ll just need to connect your wallet before getting started.
Create an Editions contract
The create modal is your hub for creating new projects on Foundation and provides step-by-step guides through each creation process. To get started with your new edition smart contract, click the “Create” button that appears in the upper right hand corner of every page and click “Editions” in the sidebar.
There are two important components of launching your Editions smart contract.
Edition Name: The title and top-level identity of your edition and its tokens.
Edition Symbol: A shorthand symbol that acts as a token name on the blockchain for the edition’s tokens.
Take great care when choosing your edition’s name and symbol - these details will be saved on-chain and cannot be changed once your edition’s smart contract is created.
Share earnings with Splits
Splits allow you to share edition earnings with up to 4 recipients or collaborators. You can set a share percentage for each participant which determines how much each individual will earn on primary and secondary sales.
Follow these four steps to split earnings on your edition:
After adding your edition name and symbol, toggle the “Create a split” setting and click “Continue".
Enter the wallet addresses for the split recipients - up to 4 wallets total.
Set each recipient’s share percentage to add up to 100%.
Click “Continue” to move forward with creating your edition.
It’s important to verify the wallets and split percentages, this information cannot be changed in any way once you’ve deployed your Editions contract. Any changes will require self-destructing the edition and creating it again.
Upload your artwork
Now you’re ready to upload the asset for the NFTs that’ll be minted from your Editions collection.
We currently support JPG, PNG, GIF, MP4, and MOV files for this type of collection, with a maximum file size of 50MB.
NFT assets uploaded to Foundation are hosted on IPFS (InterPlanetary File System), a peer-to-peer system that stores data in a distributed way.
With your edition NFT asset in place, it’s time to add the description - this is your opportunity to share context around your artwork and further connect with your community. The description can be up to 500 characters - if you’d like to add links or other formatting, you can use markdown syntax. The description will be uploaded to IPFS with the artwork.
Again, you’ll want to double check these details as you move along through these steps - they’ll be recorded on-chain when your Editions collection is created, and cannot be changed later. If you happen to make a mistake, you’ll need to self-destruct the Edition collection and start again.
Set the mint price, sale duration, and start time
Now it's time to enter the price per NFT, the sale duration, and the start time that minting will begin for your edition collection.
You can choose to open minting on your edition immediately, or at a later time. Minting can be open for up to 7 days from the time it starts, after which time, minting will be closed and the total number of tokens minted in your Editions collection will remain as-is forever.
Once you’ve set these details, they cannot be changed once your edition has been deployed.
Add your edition to a world
If you’ve been invited as a seller in a world, you can launch your edition in a world. You can only select a world for your edition when you’re creating your edition. Once an edition is added to a world, the curator will collect a percentage of the price each time when an NFT is minted from your edition. This curator fee does not apply to secondary sales of your edition.
To launch your edition in a world, simply toggle the “Launch in a world” setting and select the desired world from the dropdown.
Take care when choosing the world, and keep in mind that the connection to the selected world cannot be changed after the edition contract is deployed. Self-destructing an edition removes it from the world.
Deploy your Editions contract
It’s time to review all of the content and settings you’ve entered, and deploy your Editions contract on-chain.
To deploy your edition contract, follow these steps.
- Closely review all aspects of your Editions collection to confirm everything is correct.
- Click “Deploy on Ethereum” to confirm the transaction in your wallet and pay the required gas fees to complete the transaction. Gas fees are the cost of interacting with the Ethereum blockchain. Gas fees are not set or collected by Foundation.
Your edition contract is now deployed and ready for minting at your desired start time. The success and confirmation screen will vary depending on the start time you’ve set.
Hopefully this guide has helped you create your Editions collection step-by-step.
If you have any questions at all, don’t hesitate to reach out to us and we’ll be happy to help!