-Discover different uses for Editions
-Timed Editions (Set up the sale, Pricing)
-Limited Editions (set up the sale, Pricing)
Editions on Foundation are smart contracts that offer a unique way for collectors to acquire editions of a single NFT artwork. These types of collections are available for minting for up to 7 days for Timed Editions or until the maximum token supply is reached for Limited Editions. When a Timed Edition ends or when a Limited Edition mints out, minting is forever closed. This creates valuable exclusivity for collectors.
Some creators also experiment with creating Editions to use as a presale for their fixed price Drops! Realize the full potential of your fanbase with minimal effort. Then, funnel that momentum into your next big move. Editions contracts are designed to fit in seamlessly alongside our evolving suite of creator tools.
Here’s an example of a creator using Editions as a presale for their Drops:
To deploy your edition contract, you’ll need to enter the contract's name and symbol and then upload your edition asset to the contract with a description. Before you deploy your Editions contract, consider sharing the artwork with your community on social media to get a pulse on the interest in the artwork.
For creators who want to control the mint count of their editions, timed editions are a great option. With timed editions, you can choose the duration of the edition and experiment with different lengths to increase or decrease the mint count. If you want a high mint count, you can choose a longer duration, while a shorter duration will increase the scarcity of the edition.
With longer editions, creators have more time to promote and more time for mints.
Setup the sale
If you’ve chosen the Timed Edition sale method, you’ll enter the price per NFT, the sale duration, and the start time that minting will begin for your Timed Edition collection. You can also choose a custom mint limit. The default limit is 10 NFTs, but you can customize that number so collectors can mint more than 10 NFTs per wallet.
Creators have the option to set their edition prices according to their preferences, or they can choose to offer their editions for free. Free editions can help in attracting new collectors to your artwork, resulting in a higher count of mint and engagement from your community. Additionally, you can also use these free editions as a presale for your future Fixed Pricing Drops collections.
You can also team up with a worldbuilder and launch your edition in a world to increase engagement and promotion for your edition.