Step 1: Setting up your NFT

When creating a new NFT, you will start by setting up the general information including:

  • Name of your NFT - the name of your NFT shows as the token name on Hedera, and the name of your serial number in the metadata

  • Description - this description will show on the NFT itself in a wallet. So that it shows nicely in a wallet, we recommend keeping this to a short paragraph.

  • Creator Name - this defaults to your DPub name setup in your profile. But you can change it here.

As you add information, a preview is seen on the bottom right of your screen.

The next section defines the max supply and royalty information

Max Supply

Max Supply is the total amount of NFTs that CAN BE MINTED.

Why is this important? Let's say you put a story out there that talks about this One of One unique NFT that you will auction off to the highest bidder. How do you know it is one of one? By setting a Max Supply of 1 on Hedera, this lets the buyer know that this token can not be minted again and again and that is truly unique and immutable.

For one of many NFTs, setting a Max Supply tells buyers that the NFT they are buying is one of X. Again, building trust with your community.

Royalty

The Royalty is a percentage paid to you the creator every time the NFT sells. Let me say that again - every time your NFT sells.

Fallback

Fallback is a minimum paid to you the creator whenever an NFT is transferred without a fee between two accounts. Examples may be:

  • someone transferring from their main account to their hardware wallet account for safe keeping

  • a seller who wants to try and avoid paying the royalty % . They would ask the seller to first send them HBAR in one transaction and then separately, they would then send over the NFT for free in another transaction. Thi risky since the buyer would need to trust the seller would actually send the NFT after transferring their HBARs!

We'll take a look at the 2nd example in a practise…

Your example NFT fees

Royalty: 10%

Fallback: 75 ℏ

Scenario 1 (With Royalties)

The owner of your new NFT sells your NFT on the new "Q" marketplace

Sell Price: 1,000 ℏ

The buyer pays 1,000 ℏ

You receive the royalty % of 100 ℏ

The seller receives the remaining 900 ℏ (price - royalty)

Scenario 2 (Without Royalties)

The owner of your new NFT sells your NFT peer-to-peer to circumvent the royalty fees. They just do a manual swap - buyer sends 1,000 ℏ to the seller, and the seller transfers the NFT with both exchanges done separately.

The seller receives 1,000 ℏ from the buyer in the first transaction

The seller sends the NFT to the buyer in the second transaction

To accept the NFT the buyer would have to sign the transaction and agree to pay the fallback fee of 75 ℏ.

The fallback fee of 75 ℏ goes straight from the buyer to you the creator

Uploading your NFT image!

We are using Image here generically to define any file that you want to upload. This could be an image, video, animated GIF, or even a file like a PDF.

Currently, only files of type PNG, JPG, GIF, GLB (3D) and MP4 (video) render on DPub, but if you don't care about rendering you can add any type of file you wish!

To upload your image, simply click on the empty image box, and browse to find your image.

This immediately uploads your image to our IPFS gateway. In the box below the image, you can see the file type and file format. In addition, the link to IPFS is provided.

The image or video you are seeing is the IPFS image. We do not upload your file to our database - only to IPFS.

To upload a different image, click the replace photo and upload again.

Example of an image upload

Example of a Video upload. We provide a video renderer that downloads the MP4 and gives you the ability to play the video. We also recommend that you provide a Video Link if you have a large video. A video link is a YouTube URL that enables your buyers to see a large video without downloading the whole file. This makes rendering large video files easy on mobile devices.

The video link method is standard practice on other marketplaces (other chains) like OpenSea, but currently, DPub is the only platform using this method in Hedera. We believe this will give your buyers the best experience in the future, even if it is not supported in wallets today.

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