HOW IT WORKS

ArtUniverse.io FAQ

NFT? tokens?
NFT stands for non-fungible tokens like ERC-721 (a smart contract standard) tokens which are hosted on Ethereum’s own blockchain. NFTs are unique digital items such as collectibles or artworks or game items. As an artist, by tokenizing your work you both ensure that it is unique and brand it as your work. The actual ownership is blockchain-managed.
What does “minting” mean?
The process of tokenizing your work and creating an NFT (see above).
Can I create an NFT on rarible.com without putting it on sale?
Yes, you can and it is up to you if you decide to sell it later or not.
Can I change the price of an already created collectible?
Absolutely, you can lower the price free of transaction costs at any time. You just need to sign the signature request via your wallet.
Can I gift or send a collectible to someone?
Yes, just go on the detail page of a collectible you own, open the “...” menu and select “transfer token”
What does “burn a token” mean?
The ERC-721 standard does not only allow the creation of NFTs, but also includes a possibility to destroy them - i.e. burning the token.
Do you have an OpenSea integration?
Yes, you can view the collectibles you have created on rarible.com on OpenSea and manage them there as well. Additionally, it is possible to list your collectibles on OpenSea not only in $ETH but also in $RARI.
What is the purpose of $RARI as a governance token?
Please refer to this article: https://medium.com/@rarible/introducing-rari-the-first-governance-token-in-the-nft-space-5dbcc55b6c43
What is “unlockable content”?
As a content creator, you can add unlockable content to your collectibles, that only becomes visible after a transfer of ownership (i.e. selling or gifting your NFT). Artists use this feature to include high res files, making ofs. videos, secret messages etc.
How does the royalty system work?
Whenever you create a collectible you can set a certain percentage as royalty for secondary sales. Example: You create a digital painting and sell it for 0.2 ETH, the royalty is 10 percent. Your buyer then sells your painting at a higher price point for 0.5 ETH. Here, the royalty system kicks in. As the original content creator you receive 10% of that sale, being 0.05 ETH.
Can I report an artwork or collectible?
Yes, go on the detail page of the token you want to report, click on the “...” button and select “Report”.
What is verification?
Verified badges are granted to creators and collectors that show enough proof of authenticity and active dedication to the marketplace. We are looking at multiple factors such as active social media presence and following, dialogue with community members,number of minted and sold items.