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Frequently Asked Questions

General Information
NFT Metaverse Art Corp. is a marketplace to discover and collect truly unique digital creations by the world's most creative minds. We empower digital creators with the tools to protect and sell their digital creations to their fans and collectors. Artists, photographers, writers, and more use NFT Metaverse Art Corp. to create and sell their work online using blockchain technology

A blockchain is a publicly accessible online ledger (database), that is not owned by any central authority. Once anything is set in this ledger, it cannot be modified or censored by any single authority. Blockchain technology provides the following benefits to creators:

  • Scarcity: When you upload your creation to the blockchain, you can define the number of editions you want to release. The control and distribution of the editions is automated on the blockchain, so you can tightly manage the scarcity of your creations. No more than the defined number of editions will ever be released.
  • Authenticity: When you upload your creation to the blockchain, it cannot be changed thereafter. Buyers can trust that the artwork they are purchasing is the original and has not been tampered with, because the publicly accessible data on the blockchain is always available to verify it. Even if other people copy it (as many tend to do online with digital content), the value of your artwork will not degrade, as long as the specific editions can be verified on the blockchain.
  • Ownership: Every transfer/purchase of your creations, is recorded on the blockchain. This means that there is a publicly accessible ownership history for your creations. Provenance is automated and accurate. Having a publicly accessible way to verify ownership will create more value for your creations since it'll be easier to identify infringing use of it. It'll also make it easier for you to support any DMCA takedown requests.

Each of these benefits is inherently available to you, just by using the blockchain. Even if NFT Metaverse Art Corp. ceases to exist, your digital creations will forever remain on the blockchain, and forever be transferable/purchasable. Having said that, interacting with the blockchain is still quite complex. What we are offering is a service that makes blockchain technology simple and provide its benefits to all creators.

  • Proof of ownership and authenticity on the blockchain. We offer simple-to-use tools to help you digitally sign and upload your work onto the blockchain, creating verifiable proof that you are the creator and owner of your work.
  • Custom storefront. We provide tools to help you easily create a customized storefront that you can then share with your audience to sell your work.
  • Distribution. We've partnered with the largest online marketplaces to help you syndicate your work and reach a broader audience to sell your work.

NFT Metaverse Art Corp. is currently free to use for all members. However, all transaction fees associated with blockchain interaction are paid by the end user or our company. On successful sales, NFT Metaverse Art Corp. takes pre-discussed on all purchases in Cryptocurrency and additionally a credit card transaction fee for purchases done through credit card.

NFT Metaverse Art Corp. is currently invite-only, however we'd love for you to join us.

NFT Metaverse Art Corp. is a web-based service that you can use on both desktop and mobile. Customers can optionally use third party wallets (e.g. Meta Mask, Coinbase Wallet, Trust Wallet or others) to purchase digital creations using cryptocurrency or other payment method , but otherwise no additional software is needed to use NFT Metaverse Art Corp.

Blockchain and Digital Wallets

A digital wallet is software that manages your cryptocurrencies and also allows you to interact with blockchain technologies like Ethereum or BNB. NFT Metaverse Art Corp. uses your digital wallet to publish and sell your digital creations using the Binance blockchain.All creators on NFT Metaverse Art Corp. are provided with a hosted digital wallet that is securely managed by NFT Metaverse Art Corp. using the highest-grade security.

Your blockchain wallet is your ID on the Binance blockchain and is used to digitally sign all of your creations on NFT Metaverse Art Corp. When joining NFT Metaverse Art Corp., you have the option to use a personal digital wallet or use a NFT Metaverse Art Corp.-issued wallet that is managed by NFT Metaverse Art Corp.. If you have a personal wallet, we recommend using it. If you need to create a personal wallet, we recommend using Meta Mask.

The blockchain is considered a world computer, operated by many computers worldwide. Interacting with it incurs a fee called gas. When the demand for the blockchain increases, the gas cost also increases.

When using a personal wallet for creating your artwork, it's important for you to save the 12-word seed phrase associated with your wallet and store it in a secure place. If you ever need to recover your wallet, this is the only way to do it

If you lose your 12-word seed phrase associated with your wallet, all of your artworks will be lost forever.

How MakersPlace Works

A unique digital creation is a digital creation (art, photograph, song) that's been digitally signed by the creator and uniquely identified on the blockchain. In a world where anything digital can be infinitely copied, a unique digital creation can only be owned by a single individual.

NFT Metaverse Art Corp. uniquely generates a Non-Fungible Token (NFT) for every creation published. This token is what provides proof of ownership and authenticity of your creation.

We also use an open standard (BSC), which means that any creation is immediately available on 3rd party digital marketplaces, giving your work additional visibility. This is the same standard that is used by the majority of blockchain-based digital assets like CryptoKitties and others.

NFT Metaverse Art Corp. is a platform for creators and has no rights over your creations. We are committed to ensuring that any digital creation published through NFT Metaverse Art Corp. is owned by you (the creator). You can find more details in our terms of service.

We highly recommend uploading only high-resolution digital files where possible. Collectors are most interested in purchasing the highest quality version of your work, to display and print after they purchase. Every digital creation uploaded on NFT Metaverse Art Corp. is stored in a secure location that's only available to you and collectors, upon purchase.

When publishing your creations to the blockchain, NFT Metaverse Art Corp. stores your files in a secure location only you (creator) and future owners can access upon purchase. We only display previews of your image and also allow creators to upload watermarked images for the public to view.

Selling on NFT Metaverse Art Corp?

You're selling a signed and limited edition copy of your digital creation to be owned. Upon purchase, the buyer will be given the right to use, distribute and display the creation for non-commercial purposes only. Since the buyer owns this unique copy, they can also re-sell the creation on a secondary market or even directly on NFT Metaverse Art Corp.

Like a physical creation, the buyer will be able to do what they'd normally be able to do once they purchase a physical piece. This capability is what makes your digital creations more valuable.

NFT Metaverse Art Corp. helps you sell your creations by allowing you to set a price or accept offers from buyers to purchase directly from your store or through one of our partner marketplaces. Besides needing to meet the minimum sales price (the cost of generating your art on the blockchain), you are free to set the price as you please. All sale prices are based in BNB.

NFT Metaverse Art Corp. requires setting your sale price in BNB. Setting your price in BNB allows customers worldwide to be able to purchase your creations using BNB and doesn't incur any transaction fees.For creators residing in select countries, NFT Metaverse Art Corp. supports purchases using a credit card. When this happens, we will convert your creation's price in BNB to CAD at the point of sale.

There are production costs associated with creating and selling a unique creation which NFT Metaverse Art Corp. is currently paying for. Because of this we require a minimum price to ensure that your creation sells for enough to cover these costs.

You own the rights to your work, so you can sell your creations elsewhere. However, once you've tokenized your creation as a limited edition, it's important that you do not issue more tokens of the same creations which may negatively affect the value of your creation.

To sell your creation, NFT Metaverse Art Corp. requires the permission to transfer your creation to the buyer when a sale occurs. This permission only allows NFT Metaverse Art Corp. to transfer your creation in exchange for the full sale amount. Every interaction with the blockchain incurs a small transaction fee which you will need to pay in the form of BNB.

  • Accept the Offer. If you're happy with the offer, go to your offer page and click Accept next to the offer. We'll take care of everything else.
  • Decline the Offer. If the offer is too low, go to your offer page and click Reject next to the offer. This will immediately let the collector know that their offer was declined. Sometimes the collector will offer a higher amount, but there are no guarantees.
  • Wait for a Higher Offer. If you believe you can receive a higher offer, you can try to wait. If the original offer was reasonable, we suggest not waiting more than a few days since the collector may lose interest.
  • Accepting a low offer? If you believe you can receive a higher offer, we suggest waiting. However, if the offer is close to your asking price, we suggest not waiting more than a few days since the collector may lose interest.

However, beware of accepting offers that are considerably lower than your asking price. It may be tempting to sell your work quickly but remember that selling your works at a low price could de-value your existing and future works as well. If you already have collectors who paid for your previous works, they also won't be excited to learn that you've sold your new works at a significant discount.

Add a collaborator on my creation

When uploading a new creation, there is an "Add Collaborator" link which will allow you to search for a creator to add as a collaborator. To prevent unwanted collaborations, your collaborator must follow you for you to add them as a collaborator.

When creating an artwork with a collaborator, the ownership splits will be saved directly onto the token, on the blockchain. This allows for the royalty information to be retrieved by any 3rd party entity. For this reason, we require collaborators to have a connected personal digital wallet. A personal digital wallet can be connected within the creator's settings page, by clicking the link to "Connect a Personal Digital Wallet".

Why can't I perform certain actions as a collaborator of a creation?

When an artwork is created in collaboration with another creator, the creator who uploaded the artwork is appointed as the primary creator. Only the primary creator is allowed to set prices and accept offers on the creation.

Depending on what form of payment was used to purchase your digital creation, you'll get paid accordingly.

  • Credit Card Purchases. IWe support PayPal to issue payments for creations purchased using a credit card. With PayPal, payments will be deposited to your PayPal account within 2 weeks of sale. Once the payment has cleared through PayPal, the funds will be immediately available to you.
  • Decline the Offer. If the offer is too low, go to your offer page and click Reject next to the offer. This will immediately let the collector know that their offer was declined. Sometimes the collector will offer a higher amount, but there are no guarantees.
  • Crypto Purchases. For purchases made through BNB, we will issue payments to you either directly to your digital wallet or to your wallet. If you'd like to receive payment to a digital wallet, we recommend MetaMask since it's the most popular and widely adopted digital wallet.

You can view all purchases and payments issued to you by going to your Purchase History in the store admin. You can set your preferred payment options by going to your admin page.

All creators on NFT Metaverse Art Corp. require that you place a minimum bid of 10% above the most recent offer. This is meant to encourage a healthy exchange between collectors when vying for the same artwork.

Reselling on NFT Metaverse Art Corp.

Any artwork that you purchase on NFT Metaverse Art Corp. can be sold on the secondary market to other collectors. Through your account manager, you have the option to set a reserve price. If you don't set a price, anyone can still submit an offer to purchase your artwork.

Credit Card Purchases. If you've purchased your artwork using a credit card, you'll be able to set a price, receive bids and accept offers without the use of a digital wallet. We do enforce a 48-hour holding period of all artworks purchased with a credit card to prevent fraudulent behavior.

Crypto Purchases. If you've purchased your artwork using your own personal wallet, you will need to grant our smart contract a one-time permission to transfer your artwork when a sale occurs. Our smart contracts have been audited and ensure that only you or a buyer can access your artworks.

NFT Metaverse Art Corp. withholds 11.5% of each secondary market sale.1.5% will go to NFT Metaverse Art Corp. and the other 10% will go to the creator as a royalty.

To accept credit cards, when you set a price on your artwork, you'll be presented with an option to Accept Credit Cards. To accept credit card payments, NFT Metaverse Art Corp. will need to act as a custodian, which means that our systems will have access to transfer your artwork to the buyer, upon successful sale. If you don't feel comfortable giving this permission, you can opt out of this option when setting a price on your work.

To guarantee each sale between you and the buyer, NFT Metaverse Art Corp. requires you to give approval to a smart contract whose sole purpose is to facilitate sales and offers. No one except you can access your artwork even when giving this permission. You can revoke this permission any time by going to your account settings.

To guarantee each sale between you and the buyer, NFT Metaverse Art Corp. requires you to give approval to a smart contract whose sole purpose is to facilitate sales and offers.

If you wish to revoke this permission, you can do so any time by going to your account settings.

Please note that revoking this permission will cancel all your sales and you won't be able to accept any offers for your artworks.

Buying on NFT Metaverse Art Corp.

You're buying a limited-edition digital creation, signed by the creator. Upon purchase, you'll be given the right to use, distribute and display the creation for non-commercial purposes. Since you own this unique creation, you can also re-sell the same non-commercial use rights, to the creation, on a secondary market or even directly on NFT Metaverse Art Corp.

Upon purchase, you can access the high-resolution digital file which you can display on any digital device or even print out, for personal use. All the while, knowing that you have the authentic piece, verifiable on the blockchain.

Whether a creation is priced outside of your comfort range or doesn't have a price tag, bidding is a great way to try to acquire a creation for a particular price. You can bid with your credit card or with Ether.

Bidding with a Credit Card. Once you've provided an offer amount and your credit card details, your bid will be submitted for the creator to review. If the creator accepts your offer, the creation will be transferred to your NFT Metaverse Art Corp. collection. When the offer is submitted, an authorization for the full bid amount will be placed on your card, however it is not charged. Your credit card will only be charged after your offer is accepted. If the offer isn't accepted within 4 days, the offer will automatically be cancelled.

Bidding with Cryptocurrency. Once you've provided an offer amount and confirmed with your Ethereum wallet, your bid will be submitted for the creator to review. If the creator accepts your offer, the creation will be transferred to your NFT Metaverse Art Corp. collection.

A committed offer is an offer that cannot be cancelled and will only be refunded if the offer is outbid, or a higher offer is made. All offers made during the closing time of an auction will be committed. This is done to prevent unfair cancelling of offers during the waning moments of an auction.

A reserve price indicates the minimum amount the creator is willing to sell their artwork for. When the reserve price is met, the creator agrees to accept the highest offer within 3 days period. You may still make an offer below the reserve price; in case the creator decides to lower their reserve price.

Purchases with BNB.

If you purchased your digital creation with BNB, your creation resides in your digital wallet. If you register with NFT Metaverse Art Corp., you can view, showcase, and share your creations with the world by connecting your Ethereum wallet.

Purchases with Credit Card.

If you purchased your digital creation with a credit card, then NFT Metaverse Art Corp. will have created a digital wallet for you to store your creation. You can view your creation by going to your collection in your profile.

If you purchased your digital creation using a credit card, we temporarily disable the ability to re-sell or transfer the creation for 48 hours, enough time to verify that the transaction isn't fraudulent.

Since you're purchasing a digital creation, all sales are final.

Buying and Selling Verified 3rd Party Artworks
100% Authentic and Verified

Every artwork and collection offered through NFT Metaverse Art Corp. goes through a multi-step process to ensure its authenticity. Every project requires at least 3 proofs of identity, more if needed. The NFT Metaverse Art Corp. team verifies the smart contract, the team behind each project, one or more online identities and more.

For each 3rd party smart contract or project, NFT Metaverse Art Corp. requires a one-time permission to transfer your artwork to the buyer upon successful sale. This contract can only transfer the artwork if and only if the buyer purchases the artwork. There will be a small transaction fee to complete this approval. You can also revoke this permission at any time within your settings.

At this time only BNB payments will be accepted for secondary sales of verified 3rd party artworks. Only artworks minted on NFT Metaverse Art Corp. will be purchasable in both BNB and fiat.

Verified 3rd party artworks sold on NFT Metaverse Art Corp. will have a low 0.3% commission fee, along with project-specific royalties. Our typical sales commissions apply to all NFT Metaverse Art Corp. native projects: 12.5% for primary sales and 2.5% for secondary sales, with 10% going to creators as royalties

Artist royalties are based on the original contract of whichever platform the artworks were natively minted on.