FAQ

NFT is a non-fungible token hosted on the blockchain. A token is a smart contract standard that exists on a certain blockchain, and every blockchain has different types of tokens. For example, the ERC-721 token is hosted on Ethereum.

Any digital item can become an NFT. Thus, you can create NFTs with collectibles, artwork, videos, and other files.

NFTs are encrypted in the blockchain which advocates their proof of origin and excludes the risk of ownership compromising. Through tokenization, you get digital proof of ownership over your artwork and brand which can be always traced back to the very creation of the NFT.

Transactions on the blockchain are secured from scams. Items cannot be deleted or lost since they’re hosted on the blockchain.

ERC-1155 and ERC-721 tokens are pretty the same except for they change the number of NFT copies you can create. With ERC-1155 you can create as many copies of a collectible as you want. With ERC-721 you create a one-of-a-kind NFT collectible.

So, if you plan to sell a thousand copies of an image, choose ERC-1155 and insert 1000 into the Number field, and the minting gas fee will be charged only from the sales of the first copy of the NFT. Choose ERC-721 if you wish to tokenize your art as the only copy.

Minting is the process of the creation of a non-fungible token on the blockchain. Blockchains charge certain minting fees as it requires gas expense on smart contract encryption.

Yes, you can mint an NFT and keep it on the blockchain without sales until you decide how to further process or sell it.

You can change the price of your NFT at any time free of any charges. To change the price, indicate the new price on the collectible’s page and sign the signature request in your wallet.

As a content creator, you can create NFT collectibles with unlockable content. In this case, the NFT content will become visible only after you sell the NFT and transfer its ownership. Artists use this feature to enclose files of any type and format, including videos, secret messages etc. simply by entering a Dropbox or a Google Drive link.

A royalty can be applied for secondary and further sales of an NFT. When you mint an NFT, you can set a certain percentage as royalty for such sales. When you sell a masterpiece to Buyer A, and they sell it to Buyer B at a new price, you will receive the royalty calculated from the actual sales price to Buyer B.

Yes, you can report the art pieces and collectibles. To report, open an NFT’s page, click on “...” and tap “Report”. A reported item will be sent for consideration to NFTone’s security team.

A Verified badge purports that an artist or a collector have proven authenticity on the marketplace and show high activity in their profile. To verify an account, we consider a proven artistic background, valid social media presence, the amount and quality of NFTs minted, and the quality of communication with other platform participants.

The only way to get verified is via a verification application form. To apply, go to the “Edit Profile” page, scroll down and click on “Get Verified” at the end of it, and fill in the given form. After you submit the information, the NFTone’s team will review the application and contact you as soon as possible to verify your status. If the data matches your profile you will be granted a Verified badge.