Since NFTs are so new, there’s little guidance on what makes a great NFT. We’re still incredibly early, and the full potential of NFTs have yet to be realized.
Although NFTs are a new medium, there are a few criteria that will make collections more straightforward to launch on Stargaze.
Here’s some guidelines. These aren’t rules that are set in stone. Rather, some best practices that will make your collection launch process easier.
- 1.Do some market analysis to determine the optimal price and size of your collection. The Cosmos community isn't as large as Ethereum, so a 1,000 NFT collection may perform better than a 10,000 NFT collection. Strive for quality over quantity.
- 2.Stick to digital-only. NFTs are inherently digital-native. The media is often created digitally and uploaded to IPFS. NFT collectors are often only represented by a Stargaze address and may not even be a physical entity. Physical items are problematic because there might not be a physical address associated with a collector. There are also complications with transferability. For example, what happens when the physical version is sold? Does the NFT have an independent value from the physical item? Until these issues are resolved, it’s simplest to stick to digital-only NFTs.
- 3.Refrain from using text in your art. NFT art is ideally designed to be universal and timeless. You are storing it on an immutable ledger after all. For example, English sentences in NFTs won’t be localized to other languages. So it’s best to avoid written language and stick to art. Save written text for metadata.
- 4.Make liberal use of metadata. Computers can’t read art, but they can read metadata. Metadata traits enables formulating rarity scores for your NFT. Traders use these attributes to compare NFT valuations.
- 5.Create the highest resolution version of the art that you can. Websites generally resize art, so don’t worry about resizing them for screen sizes.