Not all NFTs are sold as single items. In fact, most popular NFT projects like Bored Ape Yacht Club and CryptoPunks are sold in large collections.
What makes these NFT collections different and how can you make them? Find out how in this guide!
Additional NFT Creator Resources
While you need to go through similar steps to create NFTs on any platform, there may be some differences. Learn how to make NFTs on multiple platforms with these guides:
- How hard is it to create an NFT?
- How to create NFT art without coding
- How to create NFT art on Mac
- How to create NFT art on PC
- How to create NFT art on Android
- How to create NFT art from a photo
- How to create an NFT from GIFs
- How to create an NFT on Coinbase
- How to create an NFT smart contract
- How to create NFTs on Canva
- How to create NFT art for free
- How to create an NFT on Adobe Illustrator
Why Create An NFT Art Collection?
As a digital artist, you may be torn between creating single non-fungible token pieces or creating NFT collections. There are many benefits to creating an NFT art collection, like:
Earn More Money
One of the foremost benefits of creating an NFT collection is that you can make more money. While single NFT pieces can sometimes fetch a high price on the market, selling multiple cheaper NFT pieces can help you earn more in the long run.
Moreover, an NFT collection can earn you a lot of passive income if you set royalties. If your NFT collection is highly liquid and the pieces are traded often, you’ll earn on all subsequent sales.
Build A Community
One of the more unique aspects of being an NFT creator is that some collections have their own dedicated fan bases or communities.
For example, Bored Ape Yacht Club has a Discord server that’s only accessible to BAYC owners. Plus, since many celebrities like Justin Bieber and Jimmy Fallon hold BAYC pieces, people are vying to buy Bored Apes simply to be in the same community as them.
Make More Art Pieces
Like any other art form, creating NFTs is hard work. However, there are ways that you can save time and effort when making an NFT collection.
Generative software can generate hundreds and thousands of entirely unique NFT pieces from a handful of traits. This way, you don’t have to create hundreds of art pieces yourself – just create the traits and the code will handle the rest for you.
What Does It Take To Create An NFT Art Collection?
Once you’ve decided on creating an NFT collection, it’s time to create an NFT art piece. You’ll need:
- A cryptocurrency wallet – popular choices include Coinbase and MetaMask Cryptocurrency Wallet
- A crypto exchange account on sites like OpenSea or Rarible
- Cryptocurrency tokens to pay minting fees and listing charges
- A piece of art that you want to turn into an NFT
For NFT collections, there is an additional requirement: an NFT art generator. This program takes whatever traits you feed it and places them in a template, repeating the process hundreds or even thousands of times to create a large NFT collection with completely unique pieces.
A good example of a generative art NFT collection is CryptoPunks. The collection consists of 10,000 entirely unique Punks, meaning none of them are exactly the same. These Punks are all generated from the same pool of traits, combined in a way so that each one is distinct and some pieces hold rarer traits than other pieces. The more rare traits a Punk has, the more expensive they are.
Can You Create NFT Art Without Coding?
These days, you can create NFT art without having to write a single line of code. Many NFT marketplaces mint NFTs for you – all you need to do is upload your digital file, follow the steps outlined in the instructions, and pay the gas fees. As soon as you’re done, your pieces will be ready for listing.
How NFT Collection Creators Make Money
As an NFT creator, you may be thinking about how you make money by creating NFTs. Thankfully, there are several ways to earn money as an NFT creator, such as:
NFT Sales
The primary way of earning money from NFTs is to sell them on NFT exchanges. Sites like OpenSea, SuperRare, and Rarible allow you to publish NFT collections and list them for sale. Depending on your preferences, you can sell your NFT as fixed-price items or hold auctions to find the highest bidder.
Royalties
Many NFT creators don’t just get money from the initial sales – they also get money from royalties. When minting an NFT, you can set a royalty percentage on secondary sales. This means that, for every time your NFT is sold in the secondary market, you’ll get a set amount of its transaction fees.
For instance, let’s say you sold a piece for 1 ETH and set a royalty of 5%. For every time that piece is sold to another person, you’ll get 0.05 ETH. If your NFT collection is especially liquid and people love trading them, it can be a great source of passive income.
Commissions
Not all NFT creators sell their own pieces – some people are commissioned by others to create an NFT for them. This scheme works much like any other art commission, where the buyer pays digital artists to create an art piece in exchange for money. You can also ask to be paid a portion of the sales instead of a set payment upon completion.
How Do You Decide What To Collect?
Different people collect NFTs for different reasons. Different kinds of NFTs also appeal to different people. As an NFT creator, you need to understand how a collector chooses the pieces they buy if you want to maximize your sales.
Let’s break down the four factors that contribute to why a person would buy an NFT piece:
Aesthetic Appeal
Since NFTs are art, they’re generally designed to appeal to people’s tastes and sense of beauty. These people may buy an NFT piece simply to have the piece in their collection and may not sell it again down the line.
Emotional Factors
Some people buy NFTs because it resonates with them. Perhaps they resonate with the message that the NFT piece is trying to convey or the buyer feels an emotional attachment to the piece.
Social Reasons
People love to meet with other like-minded people. Some people buy from a large NFT collection because they feel like they’re part of a larger community. Many projects encourage this by creating community Discord servers or social media accounts where fellow NFT holders can get to know each other.
Financial Gain
Many people buy NFTs simply because they can be sold for more money. These people tend to buy rare NFTs so they can hold onto them and sell them once the prices go up.
How To Create An NFT Art Collection
Creating an NFT art collection is very easy. Before you start, you need to prepare:
- A cryptocurrency wallet and some cryptocurrency
- An NFT exchange account
- Digital artwork to create the NFT
Setting Up Your First NFT Collection
If you’re looking to create your first NFT collection, check out our step-by-step guide right here:
Figure Out What An NFT Collection Is
Before making an NFT collection, you need to understand what an NFT collection is. NFT collections are several pieces of art that are sold together and typically have the same theme or aesthetic.
Create Your Own Digital Art
Naturally, you need to have art pieces to sell. Go through the creative process and create the NFT collection. If you want to create especially large NFT collections, you may want to use generative art scripts instead of making art pieces one by one.
Select An NFT Marketplace
There are many NFT marketplaces where you can sell NFTs. Some of the more popular options are OpenSea, Rarible, and SuperRare. Since different marketplaces have different audiences, choose one that you think fits your collection best.
Set Up A Wallet
Different crypto wallets have different setup processes. One of the simplest crypto wallets to set up is MetaMask because you can do it from your browser.
Once you’ve made the digital wallet, add cryptocurrency to it to pay for listing fees.
Connect Your Wallet
The next step is to connect your crypto wallet to the marketplace. Simply follow the instructions given by the site, as each platform has its own process.
Price Your NFTs
Since NFT collections often have many pieces, each individual piece shouldn’t be too expensive. If you’re a new NFT creator, 0.02 ETH is a reasonable price for your pieces. As you grow in popularity, you can charge more for subsequent collections.
List Your NFT Art Collection
Once you’ve uploaded the digital file and set a price for your NFT collection, set up the listing. You can sell your pieces at a fixed price or hold auctions for them. Don’t forget to fill in NFT descriptions and titles to attract more buyers.
Mint And Sell Your Artwork
Once all the relevant information is filled out, all you need to do is mint your pieces. Pay the gas fee to fund the minting process, and you’ve officially launched a new NFT collection for sale!
Key Takeaways
NFT collections tend to be less valuable individually compared to 1:1 pieces, but if you sell them all, you can still earn a good amount of money. For especially large NFT collections, try using generative art scripts.
Looking to start a new NFT art collection? Tokenfy has you covered. Contact us today to see how our launchpad services can help you!
Creating An NFT Art Collection FAQs
How to create NFT art?
You create NFT art by minting a digital art piece on an NFT exchange. From there, you can sell the art piece for cryptocurrency.
How much does it cost to create an NFT collection?
The cost to create an NFT collection varies based on the marketplace and blockchain congestion. If the blockchain is especially crowded, you may be charged higher gas fees.
How do I create an NFT art collection for free?
You can’t create an NFT art collection for free. However, some NFT exchanges offer a “lazy minting” option that passes the gas fees to the people who buy your NFTs.
