Use the table below to decide which type of contract is right for you. For a more detailed explanation, see the Collection contracts section below the table.
|Collection contracts||Contracts for NFT products|
|Used for||NFT collection drops||Building NFT-enabled apps|
|Minting done by||First buyer||Developer|
|Minting transaction fee paid by||First buyer||Developer|
|Cost to launch a 5,000 NFT collection||FREE||$0.075 per minted NFT (see Pricing)|
|Number of NFTs||Max # of NFTs fixed when contract created||NFTs can be added any time|
|Tradable on marketplaces (e.g. OpenSea)||✅ After first user has paid & minted the NFT||✅ Immediately after minting|
|Whitelist/Pre-sale||✅||Possible with custom code|
|Deploying a contract||REST API call: Deploy an NFT collection contract||REST API call: Deploy a contract for NFT products|
|Minting an NFT||Web3 call to on-chain contract||REST API call: Customizable minting|
|Minting method usually called from||Collection website||Any app or script|
In contrast to contracts for NFT products, collection contracts have the following important features and limitations.
Number of NFTs
- The total number of NFTs is fixed upon contract deployment (see
- Once a collection contract is deployed, before NFTs can be traded on marketplaces like OpenSea, they must be minted.
- NFTs in the collection are minted at time of first purchase, for a cost of
- The minting call must be made directly against the contract; this cannot be done through NFTPort. The developer typically creates a minting website for buyers where they can mint by signing transactions and paying with their Metamask wallet.
Minting price and transaction fee
- The minting transaction fee (gas fee) is paid by the first buyer of the NFT, not the developer.
- The balance of prices paid for NFTs is available for the owner of
- Both the minting price and transaction fee are paid in the chain's native token (MATIC for contracts deployed to Polygon).
Updated 6 months ago