FAQ & Glossary
Frequently asked questions
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What is the Metaverse?
Broadly speaking the Mataverse refers to the connected and combined virtual spaces that allow interactivity that may exist or take place in both the virtual, and real world.
What is an NFT art?
An NFT Art is a piece of work that has been attached to a blockchain as a means of securing proof of ownership.
What makes a good NFT artwork?
There is no specific item that makes a “good NFT artwork”. However, collections tend to be quite popular amongst enthusiastic collectors.
What are NFTs for?
Some NFTs have multiple purposes, whilst some may just be for admiring as art (or even a book ).
What can I do with an NFT I have invested in?
It depends on any agreement or licensing issued between you and the artworks author.
Can I display the same NFT Artwork on multiple platform?
Displaying the same artwork on multiple platforms may be considered bad practice as it betrays the idea of NFTs being unique and rare. It is currently possible to showcase multiple copies of your NFT artwork on different platforms.
What is an NFT?
What is a frequently asked NFT question?
The most frequently asked NFT question is;
What is an NFT?
Glossary
Gas Fees
Gas Fees refer to the cost of minting an item subject to the machine processing power required. (read more)
IDO
An Initial DEX Offering (IDO) is a crypto token offering managed on a Decentralised Exchange (DEX).
IDOs provide a simple and affordable means for projects to distribute their tokens.
IPFS
The InterPlanetary File System (IPFS) is a peer-to-peer network and protocol for storing and sharing data in a distributed file system.
As a system built around a decentralised network of user-operators, IPFS allows users to host and receive content in a similar manner to BitTorrent.
Minting
This is the process of adding an original item to a blockchain.
Comments
IPFS?
Ownership?
