NFT Collection
The Box to introduce your NFTs.
Before minting (creating) new NFTs, an NFT Collection needs to be created first.
Think of an NFT Collection as a digital box where you'll later introduce the NFTs once you create them.
Every NFT Collection is unique and has its own identifier, called: Token ID.
So, every time a new NFT Collection is successfully created, the network will return a new unique Collection/Token ID with the following structure: 0.0.1234567
When creating your NFT Collection you'll need to provide the following details:
Name. The name of your Collection. For example: Kabila Early Supporters.
Symbol. Normally, an abbreviation of the name. For example: KES.
Max Supply. Think of the Max Supply as the size of the box. If you define a max supply of 5,000, then it means that you'll never be able to mint/introduce more than 5,000 NFTs into that Collection. The Max Supply can not be changed after creating the collection.
Token Keys. This is a very important section. Token Keys are what allow you to perform actions on your Collection afterwards. You should always keep your Token Keys in a safe place and never share them with anyone!
Royalties. NFT royalties are a percentage of secondary sales paid to the original creator every time the NFT changes hands, providing ongoing compensation for their work. Royalties apply to all NFTs from a specific collection. Creators usually set royalties in a range between 5 to 10%, and it's possible to define up to 10 beneficiary accounts.
Treasury Account. This is the account to which the NFT Collection will be associated, and where the Collection and NFTs will appear once created. Normally, if not requested, the Treasury Account will be assigned by default to the Account from which you are creating the Collection.
It's crucial to keep control of your Collection's Treasury Account!
Once you define all the Collection parameters and successfully create the Collection, the network will return the Collection Token ID. This will be the unique and original identifier of your new Collection.
Now, learn what permissions you can define for your NFT Collection. Learn more about the Collection Token Keys.
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