Create NFT Collection With the Manifold App

 

Create an NFT collection in fourteen steps with the Manifold App

Manifold is an NFT minting platform that allows creators to mint their own NFTs, maintaining creative ownership, and offering NFTs in all popular markets.

Step 1.- Enter the Manifold Studio website and click on Launch App.

Step 2.- Requirements to register and use the app:

  • Have a crypto wallet like Metamask.

  • Choose an Ethereum mainnet (or testnet) account.

  • Connect the wallet to Manifold.

  • Click on Log in.

Step 3.-   

  • Fill in your profile data and click on Submit.

  • Clic on New Contract

Step 4: Here are technical aspects of the Smart Contract, which require a certain degree of knowledge, study, or experience:

  • Contract Name: which refers to what the NFTs represent, the environment, electronic games, sports.

  • NFT Symbol: It is a combination of letters, numbers, and special characters. The total must not exceed eleven characters, or it will be impossible to list it in crypto wallets.

  • ASCII MARK: American code characters for information exchange.

The ASCII MARK allows Manifold to present your contract and NFT to the public:

Manifold has Plenty Tools to help you make the ASCII MARK.

Step 5.- My contract is now complete:

  • It has my wallet address:

    0x0245Ed33F7118BF6b373Ac84ba79Ff68F719E7fD

  • My token symbol: EmeraldNFT.

  • The ASCII MARK: Emerald Humminbird.

Step 6.- The deployment of the contract in the Ethereum Rinkeby network starts in four stages:

  • First, compilation.

  • Second, complete the compilation to sign the transaction in the wallet.

Step 7.-

  • Third stage, contract deployment.

  • Fourth, contract verification.

Step 8.- The contract is on the Rinkeby network, the NFT issuance or minting process begins:

  • Upload the image or video of the NFT.

  • Name of the NFT or artwork.

  • Description.

Step 9.- Once the image, name and description are uploaded, choose to whom the NFT will be sent.

Step 10.- Select which accounts will receive the NFTs:

  • Airdrop: Mint various tokens and send to certain accounts.

  • Myself: I send it to my account

I select Myself and then click on Mint.

Step 11.-

  • Sign the mint transaction with the wallet.

  • Manifold indicates that the issuance has been successful and the Metamask wallet confirms the transaction.

Step 12.- We verify in the Rinkeby Etherscan explorer:

  • Paste the account: 0x0245Ed33F7118BF6b373Ac84ba79Ff68F719E7fD

  • Click on the token box and find EmeraldNFT.

  • The Address Contract: 0xC77a6a53e6aD5e2BE1b8e72ddD8646e798E2b2AA

With the Address Contract we also list the NFT in the Metamask wallet.

Step 13.- Finally, we list the token in three of the most important Marketplaces:

  • Opensea: is a decentralized marketplace that specializes in trading digital assets, that is, NFTs. Founded in late 2017 by Devin Finzer and Alex Atallah

  • LooksRare: It is an NFT trading platform that in a fleeting time has become OpenSea's main competitor. According to data from Dune Analytics, LooksRare's daily sales volume in the last 20 days far exceeds that of Opensea.

  • Rarible: A popular and easy-to-use platform for buying and selling NFTs, it has self-management through its RARI token is what really sets Rarible apart.

Step 14.- Finally, we have the first NFT. Depending on your knowledge of blockchain technology, this process can be easy or difficult:

  • If you are a student or blockchain technology amateur, it may be that manifold's procedure of creating NFT meets your expectations.

  • But if you are an investor interested in developing an NFT creation project for commercial purposes, we suggest you look at the following technical aspects. 

Technical aspects: advantages and disadvantages

Currently there are three options for creating NFTs:

  • On NFT Marketplace platforms such as Opensea, Rarible, LooksRare. (Topic studied in another article).

  • In online applications that allow creating NFTs with little programming knowledge such as Manifold

  • In IDEs or integrated development environments such as Truffle, Hardhat, and Remix, used by teams of professional blockchain developers.

 

In the following, we compare the Manifold and IDEs options, in three aspects:

  1. Ownership of the smart contract that creates the NFT.

  2. Ease of carrying and transferring the NFT through a crypto wallet.

  3. Centralization and control of NFT data.

1.     Ownership of the smart contract that creates the NFT

First image of the EmeraldNFT Rinkeby Etherscan scanner built with Manifold.

Second image of the EmeraldNFT explorer built with an IDE.

Both credited as owned by the Metamask wallet account:

0x0245Ed33F7118BF6b373Ac84ba79Ff68F719E7fD 

2.   Ease of porting and transferring the NFT through a crypto wallet.

First image, the Metamask wallet, with the EmeraldNFT built with Manifold and accredited or listed.

Second image, the Metamask wallet, with the EmeraldNFT built with an IDE and accredited or listed.

Both can be transferred through the Metamask wallet and the account:

0x0245Ed33F7118BF6b373Ac84ba79Ff68F719E7fD

1.     Centralization and control of NFT data.

Manifold.- Centralized Storage: Manifold documentation indicates that Manifold projects are designed to facilitate the use of data stored inside and outside the project.

Manifold functions and commands will work exactly the same with data and components, such as tables, images, drawings, etc., if they:

  • They are physically stored inside the project file. Are in the map

  • Or they are linked from an external file or from other data sources.

Analyzing the above, if you build an NFT project, which stores the Metadata in a centralized file (one or a few servers), in the long term there is a risk of:

  • Losing the integrity of the file of the image, drawing, painting, to which the tokenUri of the NFT contract points.

  • Centralized information is very susceptible to hacker attacks compared to decentralized information.

  • If your NFT project is of a unique and valuable artwork such as The Mona Liza and the owner is indicated in the metadata, what would happen if this information is altered.

Storage manifold.xyz

IDEs: In a project developed by a professional team in an IDE, metadata is stored in the IPFS (InterPlanetary File System), which is a global network of thousands of computers that allows the storage of information in a decentralized way and with great resistance to censorship or control by individuals, companies or governments.

Finally, if a hacker decides to attack the IPFS storage system, he will need a lot of time, processing power and skilled human resources to defeat the thousands of IPFS nodes, which makes the results of an attack on a decentralized system unprofitable.

 
Carlos Sampson