Selling 1/1 Art on Foundation (Ethereum)

🎯 Course Objectives

By the end of this module, learners will:

• Understand how to join Foundation's curated platform

• Set up and customize their Foundation profile

• Deploy a personal smart contract (Collection)

• Mint a 1/1 NFT to their Collection

• List the NFT for sale using Reserve Auction or Buy Now options
  
  Primary Blockchain: Ethereum
  Tools/Platforms: Foundation.app marketplace, MetaMask wallet

🧰 Step-by-Step Guide

1. Join Foundation

• Visit Foundation.app and click "Connect Wallet" to link your MetaMask wallet.

  

• Once Connected, accept the terms and service through the wallet transaction provided and complete the onboarding process.
  
  

  

2. Set Up Your Profile

• After connecting your wallet, click on your profile icon and select "Edit Profile."

• Add a profile picture, cover image, bio, and social links to personalize your profile.

• Ensure your profile reflects your artistic identity to attract collectors.
  
  

  

3. Deploy a Personal Smart Contract (Collection)

• Navigate to the "Create" section and select "Collections."
  
  

  

  
  

• Click on the "Collection" option to create your own NFT smart contract.
  
  

  

• Provide a name and symbol for your Collection.
  
  

  

• Confirm and pay the gas fee in MetaMask to deploy the contract.

• Once deployed, you can customize your Collection with a logo, header image, and description.

4. Mint a 1/1 NFT

• Within your Collection, click "+ Mint NFT."

• Upload your artwork file (supported formats include JPG, PNG, GIF, MP4, etc., up to 300 MB).

• Add a title (max 50 characters) and a detailed description (up to 1,000 characters) for your NFT.

• Review all details carefully, as they cannot be changed after minting.

• Click "Mint NFT" and confirm the transaction in MetaMask to mint your NFT.

5. List the NFT for Sale

• Navigate to your minted NFT and click "Sell."
  
  

  

• Choose your preferred sale method:

  • Reserve Auction: Set a minimum price (reserve price) and auction duration (15 minutes to 7 days). The auction starts once a bid meets the reserve price.

  • Buy Now: Set a fixed price for immediate purchase.
    
    

    

• You can set both options simultaneously.

• Confirm and sign the listing transaction in MetaMask.

Note: Foundation charges a 5% marketplace fee on primary sales. Creators receive 95% of the sale price and earn a 10% royalty on secondary sales.