This document will cover some of the key aspects of creating a collectible post on t2.
Who can create a collectible post?
Anyone can create a collectible post on t2.
How do I create a collectible post?
Create a new draft
Start a new draft by clicking “New post” in the navigation bar, or head to the Territory you want to write you’re post in, and click “New Territory post”.
Publish your post
After finishing writing your post in the editor, click “Continue” or the cogwheel icon to access the post settings.
Check the general settings of your post, such as the Territory you’d like it to be published in, and whether you’d like to store it on Arweave permanent storage. When you’re ready, click “Confirm Publish” to save and publish the post. Now you’re ready to create your collectible.
Your post is successfully published when you see the success modal, and the link to view or share your article is displayed under that “General” tab, as well as “Published” is indicated in the navigation bar.
Adjust the Collectible Settings
Head to the “Collectibles” settings tab in the post settings page, either directly through the success confirmation modal or via the list from the menu on the left.
First, you’ll need to create a collection if this is the first collectible you’re creating on t2. Think of this as the folder you’re creating that will hold all of your collectible posts. Upload an image, title, and description of your collection. Future collectibles will be also added to this collection.
Next, click “Collectible Item” to adjust the item settings, such as the image, title, and description of the actual collectible item. By default, t2 uses the cover image uploaded for the post, title of the post, and the first 300 characters of your article. However, you can make any changes you’d like.
Next, click “Collectible Options” to set the price of your collectible. Enter the price you’d like to set your collectible item, and any other settings including the time limit. See below for more information regarding pricing.
You’ll be able to save any changes to your progress at any time by clicking “Save changes”.
Once you’re done adjust all settings for the collectible item, click “Create” to create your collectible post.
You can verify the collectible as been successfully created by checking the post page. Now, it should have both a “collect” button, and a verified transaction hash linked in the “Transaction Details” section panel.
Pricing a Collectible
The minimum price a collectible can be set to is 0.000111 ETH, which is about $0.27 USD at the time of writing. This is the base price for all collectibles. Any prices that you set will be added on top of this base price. This allows the creator (you) to earn rewards for successful collectible purchases, and accumulate revenue over time.
Here are a few examples:
- The creator sets the item price to 0 ETH, collectors pay 0.000111 ETH + any transaction fees
- The creator sets the price to 0.1 ETH, collectors pay 0.100111 ETH + any transaction fees
Fees Breakdown
How much money you’ll make from a reader purchasing your collectible item will depend on what the price of the collectible item is.
If a collectible item is set at a non-zero price (not free), you (the creator) will receive 95% of the price listed. Here is a fee breakdown:
- Creator receives 95%
- Fees: 5%
t2 receives 28.57% of this 5% for facilitating the creation of the collectibleWhichever platform the collectible is purchased through receives 28.57% of this 5% (t2, Orb, Hey.xyz, or any other platform)Zora, our collectible provider, receives the rest
- t2 receives 28.57% of this 5% for facilitating the creation of the collectible
- Whichever platform the collectible is purchased through receives 28.57% of this 5% (t2, Orb, Hey.xyz, or any other platform)
- Zora, our collectible provider, receives the rest
Alternatively, you can set the collectible price as “Free”, meaning the item price is 0 ETH. While the writer will not receive the mint price (since it’s free), our collectible provider, Zora, still offers automatic rewards collected by splitting of rewards. Here is the breakdown of rewards:
- Creator receives 55 sparks (0.0000555 ETH)
- Collect referrer receives 22 sparks (0.0000222 ETH)
- Creator referrer receives 11 sparks (0.0000111 ETH)
- Secondary market fee is 11 sparks (0.0000111 ETH)
- Zora receieves 11 sparks (0.0000111 ETH)
Where does the money go and how do I withdraw it?
All the money you have made from others collecting your posts, including rewards, is safely stored on your behalf in an escrow account. No one can withdraw these funds besides you.
Soon, we will allow writers to make withdraws straight from the t2 app. In the meantime, you can withdraw your funds straight from Zora, our collectible provider.
Head to https://zora.co and login with the same credentials as your t2 account. Head to your profile in the right top corner, and select “Dashboard”. You’ll find a clear view of all the rewards and money you have accumulated from your collectibles.
Click “Claim” and follow the user flow to withdraw existing funds.
Note on Accounts: t2 utilizes technology so that users (you) are the true owners of your online identity, meaning you’re can use the same account on different websites and applications without having to create a new account. This type of interoperability unifies your online identity, and gives you more control and agency over your data, when it gets used, and for what purposes. Learn more about this from our account partners, Privy.
FAQ
Can I make posts that already published into collectible posts?
Yes, a post must be published first before a collectible is created. This prevents collectibles from being created that don’t have an affiliated post. Head to the post settings to create a collectible item from any published post.
Can I make changes to the collectible item after I’ve created it?
No, collectible items and collections cannot be edited after being successfully created.
What happens if the mint process fails?
If the mint process fails, you’ll receive a in-app notification about it. Any funds that are part of the transaction will be returned to you via the destination chain (Zora).
My account is created with an email address, can I still create a collectible?
Yes. Double check your wallet address associated with your t2 account in your profile settings. This will be the wallet associated with your collectibles for creating and receiving payments. If you encounter any issues, please contact our support team via Discord.
Do I still retain all rights when someone collects my posts?
Yes. The writer maintains all rights to the post regardless of who buys or owns the collectible item.
Can I make a prompt collectible?
No.
Can I change the pricing of the collectible item after I created it?
No (at least not at the moment, let us know if this interests you in the comments!)
If I don't have a t2 account, can I collect on Zora directly?
Yes! Once the collectible is created on t2, readers can use any platform available to collect it (Zora, Orb, Hey.xyz).
Can Zora users who don't have a t2 account collect my post?
Yes, either directly on Zora, or any other platform (Orb, Hey.xyz).
