A summary of my first NFT issuance journey

foreword: Pak whale SH released his own NFT project “Image = Utility The Image is the Utility” at the beginning of the year, using a single page introducing the ASH ecology as the NFT presentation method, which can be said to have created an innovation in the NFT presentation mode. . The project was sold out within a day after the official launch. In this regard, SH specially wrote a short article to summarize his experience, so that more people can understand and learn from it.

A summary of my first NFT issuance journey

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I released my first NFT project “Image Is Utility” at the end of January, and looking back on this experience is very busy, but very beautiful. Several hundred people signed up for WL, so I had to make decisions and choices around version size, price. At the same time, it is also necessary to continuously communicate with those who express interest in a timely manner, and to do pre-announcement preparations and post-announcement activities. This series was also my first time using Manifold Studio’s smart contracts for mint, and although there was a bit of a hurdle with contract validation at the time, it was a cool seamless experience.

So, what have I learned?

  1. Develop relationships with Mods in Manifold’s discord. If there is a problem, you know who to contact (although there’s a good chance there won’t be any, since they’ve already done it well). Manifold’s servers also list problems (“downtime alerts”), so if you have a problem, you can look there. Because most likely there are a lot of people who are going through this and having this problem too, and Manifold is aware of and is dealing with it. I’m running into an issue where there is congestion on the blockchain and my contract cannot be verified. Someone at Manifold helped on the backend.

     

  2. Check out the short video clip on the Manifold Studio website. The mint process is simple, but you double down on the details (like when to name the contract, how to set up your ASCII graphics, etc.).

     

  3. For that, check out the website below, which generates an ASCII graphic of the username displayed on your smart contract. You can play with different styles to find the ASCII art that works best for you, and then play with different fonts and typography. It’s funny, I chose something clean and simple: https://patorjk.com/software/taag/#p=display&h=2&v=0&f=Banner3&t=hello

A summary of my first NFT issuance journey

  1. Manifold’s royalties are set after the contract is verified (first on rinkeby testnet, then mainnet). The testnet is to make sure it looks good before it is finalized on the Ethereum main chain). You have to set up royalties at the contract level at Manifold and at the serial level at Opensea and then mint the money into your wallet.

     

  2. For Opensea show. After minting your NFT to your wallet, go to My Favorites in the drop-down menu, see it there, click the three dots in the upper right corner to edit it. You can change the collection’s name, link, royalty %, link, etc. This is a critical step in ensuring that collectibles display correctly on Opensea.

     

  3. Titles are important. It’s worth taking the time to think about what you’re going to name your collectible, the name of your contract (which can be used to mint multiple different NFTs), and how it’s all displayed. The name of the NFT is separate from the name of the collectible. In my case I want the collection to communicate its utility (image is utility). Please don’t name things arbitrarily. The name should both share its purpose and be an easy point of reference, in a way that’s easy to remember so you can refer to it in the future. A collectible or NFT title that is too long is also not a good idea. If the name of the collection is too short, it can also be taken by others on Opensea, so look for the appropriate name in the market beforehand.

     

Project link: https://opensea.io/collection/theimageistheutility

A summary of my first NFT issuance journey

  1. If you do give WL to someone else, please note that you must approve each WL listing on Opensea individually (after you send the coins to your wallet address). That’s how I did it, I had to manually approve hundreds of WLs with my cold wallet, which is not ideal as each transaction approval requires a few mouse clicks to set the price, sale time, and confirm the address, and then in A few button presses on the ledger to authorize. One way is to mint NFTs to your main account, and if you do a large amount, transfer them to another hot wallet for approval and sale (for hot wallets, you have to click once on Metamask). But I want to show the provenance of every NFT sold, and directly from ME (aka my main wallet, which most of my fans know: shortshoward.eth).

     

  2. Opensea will let you buy far more people on WL than you can sell NFTs (I’m not sure there’s any way to track it other than manually counting the number of sales you list). I ran into this problem and the demand for the public sale was far greater than I expected, which resulted in a sold out situation and there were still WLs not buying (because I didn’t have any more NFTs). Once all the NFTs in your wallet are sold out, all your remaining WL sale offers will be automatically cancelled, which will consume Gas.

     

  3. In the delivery process, complete transparency is the key. If there are problems or obstacles, please go to Twitter to describe them (this should be the first place to communicate problems, as not everyone is on discord). I don’t use Discord. So it’s easier to tell people right away that I’m in a situation where I can’t sell.

     

  4. If you’re in a sell-out situation, you’re likely to get a lot of direct messages. Sometimes people ask for the same information because things move relatively quickly in NFTs. One thing that might help is to write up a Q&A and post it somewhere (twitter thread) with reference to its key points. Also, it may be beneficial to write out some regular responses (like “Mint site is here: XYZ”) rather than typing them out every time.

     

  5. If you feel overwhelmed by information and everything, take a break. Remember to breathe and sometimes be patient.

     

  6. Your adrenaline will skyrocket as you approach mint and deployment, and sell your product to the buyer you expect. Don’t rush to mint and pitch though, as attention to detail like making sure the price is right (I accidentally used Eth instead of ASH for a sale…) is paramount.

     

  7. Once you sell your NFTs, they are out of your control. This is obvious, but don’t get too attached to it when others resell, the floor will go up or down (NFTs are volatile). You are who you are and what drives people to buy and support your creations and artwork. Keep doing it.

     

  8. Before you launch, plan out a timeline of what to tweet, what to emphasize, what details to share/announce, etc. Drawing it, like a travel itinerary, will save time writing brand new tweets in real time. This will reduce unnecessary worry.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/a-summary-of-my-first-nft-issuance-journey/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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