Create a Collection
Through the HyperMint Dashboard, you can create a new Collection by creating a new smart contract. To create a new smart contract:
- 1.Go to 'Contracts' section on the left hand nav bar
- 2.Click on the 'Create' button on the top right
Once you've clicked on 'Create', the dashboard will ask you what type of contract you'd like to use for your collection as seen below.
To understand how to choose between these two options, let's take a step back. What are smart contracts? Good question - smart contracts are essentially a piece of code that executes per certain conditions set and essentially enforces the terms and rules made.
In the case of NFTs, smart contracts will not only mint the NFTs you want to create, but also facilitate the selling of these NFTs to a buyer given X,Y,Z conditions are met. So by choosing the contract type, you are essentially defining what type of contract you would like to use for the conditions you'd like to set for creating your specific NFT Collection.
There are two smart contract standards we provide for creating NFTs:
- 1.ERC-721: This standard is used for creating tokens that are all non-fungible. Non-fungible means that an item is one of a kind, completely unique, and can't be traded for another item. Examples of collections that use ERC-721 include Bored Apes Yacht Club, Cryptopunks, and Cryptokitties.
- 2.ERC-1155: This standard is used for creating tokens that can be fungible, semi-fungible, and/or non-fungible. This is a common choice for creating multiple copies of a token and minting many NFTs at scale. Example use cases include in-game items and pick-ups, NFT tickets, songs, proof of attendance, etc.