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What is an NFT?
A Non-Fungible Token (NFT) is a digital asset stored on a blockchain, representing ownership or proof of authenticity of a unique item or piece of content, such as art, music or videos.
Unlike cryptocurrencies like Bitcoin or Ethereum, NFTs are non-interchangeable, each possessing distinct characteristics and value. They utilize blockchain technology to ensure scarcity, ownership, and traceability, allowing creators to monetize their work and buyers to collect and trade digital assets securely. NFTs have gained popularity in digital art markets and are reshaping the concept of ownership and value in the digital realm. -
What is a crypto wallet?
A cryptocurrency wallet is a digital tool that stores private and public keys used to interact with various blockchain networks. It allows users to send, receive, and manage their digital assets securely. These wallets come in various forms, including software applications, hardware devices, or even paper printouts. Private keys, akin to passwords, provide access to the funds stored on the blockchain, while public keys facilitate transactions.
Cryptocurrency wallets enable users to monitor their balance, initiate transactions, and maintain control over their assets, serving as essential tools for participating in the decentralized economy of cryptocurrencies. -
What is a blockchain?
A blockchain is a decentralized and immutable digital ledger that records transactions across a network of computers. Each block in the chain contains a cryptographic hash of the previous block, linking them together and forming a secure and transparent history of transactions. Once data is recorded on a blockchain, it becomes extremely difficult to alter, ensuring trust and integrity in the system. Blockchains are used in various applications beyond cryptocurrencies, such as supply chain management, voting systems, and smart contracts, offering benefits like transparency, security, and decentralization, while revolutionizing industries by enabling efficient and trustless peer-to-peer transactions.
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Which wallet is used on Unique Rarity?
The cryptowallets officially supported by Unique Rarity are Metamask and Coinbase.
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Which blockchains does Unique Rarity support?
Unique Rarity is based on the Ethereum blockchain
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How do I create an account?
To create a profile, you must have a cryptowallet supported by Unique Rarity, either Metamask or Coinbase. By clicking on the profile icon, you will need to authorize the access request with a signature on your wallet. At this point, you can personalize your profile by adding details such as your avatar, bio, social media links, or your personal website.
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What are royalties and service fees on Unique Rarity?
Royalties are fees earned by creators on subsequent sales of their NFTs. For each future sale, Unique Rarity guarantees 5% of the sale amount, ensuring creators future earnings based on the success of their NFTs.
Service fees are the platform's earning percentages on each transaction. On Unique Rarity, the percentage for each transaction is 2.5% of the sale amount. -
How do I purchase Ethereum (ETH)?
Most wallet providers (such as MetaMask) offer users the ability to purchase Ethereum directly from their wallet. Ethereum can also be purchased through various exchanges such as Binance, Coinbase, and more. To purchase Ethereum from a MetaMask wallet, for example, just click on the Buy & Sell button and follow the guided steps.
Guides & help
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How do I purchase an NFT?
After setting up your profile and wallet by following the Getting Started guide, you can proceed to purchase the NFTs that interest you the most! You can explore the Unique Rarity Marketplace in various ways: use the search bar at the top of the page to look for a specific artist or artwork, browse creations by creators or collections recommended by our team, or follow upcoming drops in the dedicated section of the site.
Once you have found an NFT you are interested in, you can purchase it by simply clicking the Buy Now button on the NFT's detail page. The transaction will take a few minutes to process as it is recorded on the blockchain, and you will receive a notification once the operation is complete.
Purchasing an NFT involves not only the NFT's cost but also a gas fee for the transaction. This fee is added to the total amount and varies depending on the traffic on the blockchain. Make sure you have sufficient funds to cover the total cost. -
What is a drop?
In the NFT world, a drop refers to the release of new NFTs by an artist or creator on the market. Drops are often highly anticipated events and can take various forms, such as limited editions, series releases, or collaborations. Drops generate excitement and demand, fostering engagement and value within the community.
On Unique Rarity, to ensure you don't miss any drops, you can follow them by adding them to your watchlist. This way, you'll receive a notification when the NFTs are released, giving you the chance to be the first to purchase them. -
What is a Collection?
A collection refers to a group of NFTs that typically share a theme, style, or creator. Collections can include various digital assets, such as artworks, collectibles, or virtual experiences. They often reflect the artistic or conceptual vision of the creator and may feature limited editions or exclusive releases. Collections serve as a way to organize and showcase NFTs to collectors, fostering community engagement and providing context for individual tokens within the collection.
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What is a Private Content?
An NFT with private content refers to content that is visible exclusively to its owner and differs from the cover image. You can view the private content of the NFT only after purchasing it.
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How do I create a collection?
From the profile dropdown menu, click on Create to access the NFT creation page. If you don't have a collection yet, you will need to fill in all the required fields to create your first one. Otherwise you will have the ability to choose an already existing collection or create a new one clicking on Create a new collection. If you set the Release date, the collection will appear in the Drops section and the NFTs within the collection will not be visible or purchasable until the specified release date.
Next, add the first NFT to your collection by completing the required fields and click Save at the bottom of the page to publish your collection.
Later, if you wish to edit your collection, click on Profile in the profile dropdown menu and click the three-dot button on the collection banner to access the editing page. -
How do I create a drop?
To create a drop, you must follow the steps outlined in the previous paragraph, but you will need to fill in the Release date field, keeping in mind that the next 24 hours cannot be selected.
Then, set up the first NFT in your collection as described previously, with the option to set the sale price for when the collection is released. To do this, first activate the On sale field and then set the price. Finally, click Save at the bottom of the page. -
How do I create an NFT?
To create a new NFT in a collection, you have two options: click the Create button from the profile dropdown menu and then select the collection where you want to add the new NFT, or go to Profile, select the collection you want to add the new NFT to, and click the + ( Plus ) button on the right side of the menu. In both cases, the input screen will be the same.
You must fill in at least the required fields marked with an asterisk; the others are optional. The required fields include the name and the images: the Thumbnail field for the display image in the listings and the Public content field to upload the actual image of the NFT. Please note the supported formats on our platform: JPG, PNG, GIF, SVG, MP4, and WEBM. Other formats are NOT supported and will not be visible.
You can also decide how many copies of the same NFT you want to sell by filling in the Supply field, as well as the initial sale price. If the price is not set, the NFT will be created but collectors won't be able to purchase it.
Finally, click Save at the bottom of the page, keeping in mind that the fields Image/video, Supply, and Private will no longer be editable. Creating an NFT is free and has no associated costs. -
How do I create a Private Content?
To create an NFT with private content, follow the instructions from the previous section How do I create an NFT? and activate the Private field.
You will then need to upload 3 images instead of 2: the Thumbnail image that will be displayed in the listings and on the website, the Public content image that will only be visible on the NFT's detail page, and finally the Private content image, which will be visible only to you, the creator, and later only to the buyer.
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How can I sell an NFT?
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For creator
Once you have created your NFT as outlined in the How do I create an NFT? guide, set the desired price in ETH before saving it. The minimum acceptable price is 0.0001 ETH. If the NFT is not part of a drop, it will be immediately listed for sale on the marketplace. If no price is set, the NFT will be visible on the marketplace, but collectors will not be able to purchase it. You can modify the price later by editing the NFT. There are no gas fees for this process.
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For collectors
If you want to resell an NFT you previously purchased, click Manage NFTs from the profile dropdown menu to access the complete list of the NFTs you own. Click the Set on sale button next to the NFT you want to resell and set the new sale price. If you want to list multiple NFTs for sale at the same time, you can select them and then click the Set on sale button at the bottom of the page. This will allow you to set the same price for multiple NFTs with just a few clicks. As with purchasing, a variable gas fee is required when listing an NFT for sale.
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For creator
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Can I change the price of my NFT?
Yes, it is possible to change the price of your NFT once it is listed for sale. To do so, go to the detail page of the NFT whose price you want to change and click the Edit price button. If you have just created the NFT, the price change will incur no additional costs. However, if the NFT has already been purchased and relisted for sale, the price change will involve a variable gas fee.
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How much do I earn from a sale?
The sale of an NFT involves a 2.5% service fee for Unique Rarity, in addition to a 5% royalty for the NFT creator. Therefore, these costs will be deducted from the total sale amount.
If you are a creator, you will receive 5% of the sale price for each future sale of your NFT. For the first sale of a new NFT, however, you will need to account for the 2.5% service fee on the sale amount.
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Blockchain
A decentralized and distributed digital ledger that records transactions across a network of computers.
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Cryptocurrency
Digital or virtual currencies that use cryptography for security and operate independently of central authorities.
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Decentralization
Distribution of control away from a single authority or entity, typically achieved through blockchain technology.
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Smart Contracts
Self-executing contracts with the terms of the agreement directly written into code, automatically enforcing and executing when conditions are met.
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DApps (Decentralized Applications)
Applications built on blockchain technology that run on a decentralized network of computers, rather than a single server.
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NFTs (Non-Fungible Tokens)
Unique digital tokens representing ownership or proof of authenticity of a specific item or piece of content, often used for digital art, collectibles, and gaming assets.
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Wallet
Software or hardware tools used to store, manage, and interact with cryptocurrencies and other digital assets.
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DeFi (Decentralized Finance)
Financial services and applications built on blockchain technology, aiming to provide open, permissionless, and transparent access to financial services.
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Digital Asset
Any form of digital content, such as art, music, videos, or virtual items, that can be tokenized and represented as an NFT.
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Tokenization
The process of converting real-world or digital assets into tokens on a blockchain.
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Metadata
Additional information stored alongside an NFT, including details about the creator, ownership history, and characteristics of the asset.
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Minting
The process of creating and issuing new NFTs onto a blockchain.
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Gas Fees
Transaction fees paid to miners for validating and processing transactions on a blockchain network.
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Royalties
Percentage of secondary sales revenue paid to the original creator of an NFT, typically enforced through smart contracts.
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Proof of Ownership
The cryptographic verification that a user is the legitimate owner of an NFT.
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Floor price
The lowest price at which an NFT from a specific collection is currently available for sale on the marketplace. It represents the baseline value for acquiring an NFT within that collection.
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Volume
The total amount of trading activity that has occurred within a specific timeframe. It represents the number of NFTs bought and sold across various collections during that period.