When creating your NFT, you are able to set the Supply which is the number of copies of that NFT that are available. You can set the number to be whatever you’d like.
Some popular Supply amounts include:
1 / 1’s
- NFTs where there is only 1 copy available
- Sometimes used for…
- Higher priced, exclusive experiences
- Art pieces
Limited Editions
- NFTs where there are generally under 50 copies available
- Sometimes used for…
- Mid-high tier priced, exclusive experiences
- Premium community membership tiers
- Art pieces
Large Editions
- NFTs where there are generally over 50 copies available
- Sometimes used for…
- Creating a set of NFTs which can be airdropped to existing token holders or supporters
- Community membership tiers
- “Seasons” of access to content and community
Tips
Within a Collection you can have many different NFTs, and each NFT can have a different Supply amount. You might consider including a mix of the above. This is sort of like a Kickstarter campaign or Patreon where you have multiple tiers of pricing. For example, you might include:
- A large edition that can act as a low cost or even earnable community badge that functions like a membership pass. Set this between $5-$25 depending on your audience.
- Limited editions that offer the same benefits of your large edition, but also some additional premium experiences or possibly even the opportunity to redeem physical goods. You could even offer a few different limited editions that all include basic member benefits, but different premium unlocks like classes, event access, merch, etc. You can offer variable prices here, scaling up as you go, taking in to account the cost of goods sold and also the desirability of what you are offering.
- A 1/1 at a super high price point that offers something truly outrageous, ie. "I will fly you to any show I'm doing this year in the USA" or "Dinner with me." Price this very high, and make sure to account for any costs to do with fulfilling on the purchase.