1 years ago
What are Gas Fees?
1 years ago
How to Use the Creator Dashboard
1 years ago
How to Redeem a Physical Item
1 years ago
How to Sell NFTs
1 years ago
How to Buy NFTs
1 years ago
How to Mint NFTs on the RealNifty Marketplace
1 years ago
How to set up a MetaMask Account
1 years ago
Setting Up Your RealNifty Profile
RealNifty's aim is to bridge the gap between the physical and digital when it comes to NFTs. With a focus on fine art, fashion, collectibles, and more, we are a unique and curated NFT marketplace. We're also an NFT agency building strategies, driving concept development, and offering that all-important creative support for those looking to create an NFT project.
For the marketplace, we provide a curated space for creators to mint and market their creative NFT projects. We're one of the only marketplaces with logistics solutions natively embedded for easily redeemable physical items. Our NFT agency helps creatives, businesses, individuals and more to build out strategies, drive concept development and offer that all-important creative support to create NFT projects. We have a range of ‘pick and choose’ services or a full package approach including marketing, strategizing, web development and more. Check out all our services HERE.
If you're looking for more information about RealNifty, check out our About page. If you want to find out more about working with RealNifty, creating your own project or applying to be a RealNifty creator, head over to our Create Page. Feel free to reach out to us through email@example.com.
A non-fungible token (NFT) is a unit of data on a blockchain (a digital ledger), where each NFT shows proof of ownership for anything attached; you can almost think of it as a digital certificate that is immutable. The assets attached could be something digital, such as a JPG, digital art or a video, or something physical like a vinyl record or a real-life experience.
Each NFT has digital identifiers that can be verified, meaning each NFT created can't be duplicated or copied. This, therefore, gives NFTs the potential to create digital scarcity, and this is the first time this has been done on such a large scale. It means people can now invest in a whole range of digital assets that have the potential to hold value.
NFTs can be anything from a financial investment, something that has sentimental value, or they can have an asset attached that's usable in the real world or just a simple collectible item. They are often a way for a buyer to feel more connected or have access to a community created by the NFT's creator, like an artist or a brand. In the past, this was seen in the real world with goods such as Pokémon cards, collecting baseball caps, or say, a signed first edition of a book.
Like most assets, supply and demand are the key drivers for price. The scarcity and popularity of some NFTs create a high demand for them and any assets attached. Collectors and investors are often prepared to pay the price for them that is dictated by the marketplace. A famous artist releasing an NFT could hold value because of the creator. You have to be careful, however. Not all NFTs will keep their value. It's best to buy NFTs that have value to you other than just monetary gain.
These are NFTs that come with a physical item in the real world. The physical item can be redeemed by the owner of the NFT which would then be delivered in the real world.
In very basic terms, a blockchain is almost like a digital ledger. It allows digital information to be recorded in blocks of stored data. Once the data is in the blockchain, it can't be edited. These blocks of data are linked together sequentially each time more data is added. The important fact is that every block is linked to the data in the previous block; this is what makes the blockchain so secure.
Because blockchains are not stored on central servers (instead they are distributed over many contributing computers around the world), the data doesn't belong to one signal entity, making it decentralized. Both cryptocurrency and NFT transactions are stored on the blockchain.
Not necessarily. If it has been specifically written into the terms and conditions, details or metadata used to create the NFT, then you might. But what you actually own is the NFT or digital certificate that represents the attached asset. The best advice here is to make sure you read all documentation before buying an NFT to make sure you know what you are getting, and trust the site that you are purchasing your NFT from. We make it very easy on RealNifty. Each NFT page has an 'IP Rights' section which lays out what rights to expect from the NFT purchase.
To buy an NFT, in most cases, you would need to be able to pay for the NFT with cryptocurrency and have a crypto wallet to store them in. At present, most NFTs are bought with the cryptocurrency Ethereum and most NFTs are stored in crypto wallets - this is how it works on the RealNifty marketplace.
A crypto wallet allows someone to sell, receive, and store digital assets such as cryptocurrency and NFTs. These can be online wallets (used with the RealNifty marketplace), physical wallets, or paper wallets. Crypto wallets are designed to be extremely secure and have a private key system that only you control. If you lose this private key, your assets are potentially lost forever, so be careful! Crypto wallets interact with the blockchain in order to show proof of transactions taking place.
'Minting' an NFT is a term for creating an NFT and publishing that NFT on the blockchain. You are then able to put this up for sale to be purchased by others. You can mint an NFT that someone has prepared for you (like when you mint from a pre-arranged NFT drop website) or you can create an NFT yourself from scratch and then mint it. The NFT you create is owned by you until you sell or send it to another wallet address that isn't yours. For more details on minting, check out our minting guide.
On most blockchains, including Ethereum, fees will apply for any transaction taking place on the network. These are called gas fees. These fees are paid to validators to operate nodes that keep the blockchain running. Gas fees can vary throughout the day depending on how busy the network is.
Gas fees are transaction fees that users have to pay on the blockchain in order for a transaction to be processed. They are paid to validators to operate nodes that keep the blockchain running smoothly and securely. To learn more, check out our guide on gas fees.
Gas fees can fluctuate throughout the day depending on how busy the network is and how many transactions are being processed. Prices can vary from around $1 to a lot higher in extreme cases. It's best to wait for a lower gas price if possible. To learn more about gas fees, check out our guide.
The Ethereum blockchain is the second most popular chain behind bitcoin and has a myriad of uses. It can handle NFTs, it's one of the most secure and having recently migrated to proof of stake, this has made the environmental and power hungry costs that used to be associated with it miniscule.
We are working hard to make this feature possible. At present users can only pay through Ethereum via an attached crypto wallet such as MetaMask. For more details on how to add ETH to your MetaMask wallet via credit card/debit card, check out this guide.
The RealNifty marketplace is unique in the world of NFTs. With a focus on both the physical and digital, we provide a curated experience that expands the use cases and utilities of NFTs into a more useable and friendly platform. Embedded natively with logistics solutions to make sure real-life delivery options are seamless and hassle-free, we see ourselves as a marketplace for those both well-versed in the space and those looking to take their first steps into NFTs.
This couldn't be easier. Connect your wallet via the 'connect' button in the menu bar. This also creates a profile you can edit to your taste. You will then be able to purchase NFTs with any ETH you have in your wallet. For more in-depth guidance, check out this article.
You can use Metamask (recommended), Coinbase wallet, or anything associated with the Walletconnect platform. Choices are displayed when you click on 'connect' in the menu bar.
Yes. RealNifty earns 5% of the sale price of any NFT. Royalties may be collected by the creator for any secondary sales depending on what was agreed when minted. This can range between 1%-10%.
All you have to do is sign in with one of the accepted crypto wallets by using the 'connect' button in the menu bar. Once connected, you will be able to head over to your own profile and edit your profile page. Any changes will be saved and still be there the next time you login with the same wallet. This is where any NFTs you have bought from the Real nifty marketplace will also be displayed. Check out our Setting up your Profile guide for more details.
Some NFTs on the RealNifty marketplace will be sold via an auction. When you head to an NFT's page or view the marketplace with the 'auction' filter, you will be able to see NFTs up for auction. If an NFT is up for auction there will be a timer showing when the auction ends, a minimum bid price and a button to place a bid. Users will be able to place a bid over the minimum bid price. If you get outbid by the time the auction ends, you will not receive the NFT. During the auction, any ETH you have used to bid will be held in escrow until the auction ends or you are outbid. If you win, your ETH will go to the seller and you get the NFT. If you lose, the ETH will be returned to your wallet and the winning bidder gets the NFT. The process is described in more detail in this article.
Yes. Like most NFT marketplaces, Real Nifty earns 5% of the sale price of any NFT. Royalties may be collected by the creator for any secondary sales depending on what was agreed when minted. This can range between 1%-10%.
Yes! This is where RealNifty is pretty unique. If the creator has opted in, you will be able to message them to ask questions about their collection directly through the marketplace. Keep a look out for the little message icon next to creators' names and on their profiles. We also have a Discord community where certain creators and artists can answer questions and hold AMA (Ask Me Anything) events.
Unlockable content is content bundled with an NFT that can only be accessed by the owner. This could be something like VIP access to an online event, downloadable music or video content, or a ticket to an in-real-life event. Unlockable content is accessed through the page of the NFT you own.
No! We also appreciate the work put into digital-only NFTs and want to support that. Digital-only collections are also available on RealNifty. Any NFTs with physical items attached will display an 'open box' symbol underneath the NFT image.
Redeeming a physical item from a purchased NFT couldn't be easier. If a physical item is attached to an NFT you own, you will be able to click the 'redeem' button, input your info and delivery details, pay any delivery cost and you're done! For more in-depth details, check out this article.
The process for delivering physical items is very simple. When you redeem a physical item from an NFT that you own, your details and delivery information will be collected directly through the RealNifty marketplace. Our embedded logistics system will then take care of the delivery.
The price of delivery depends on the physical item and where it is being delivered. You may have a choice of differing delivery methods at different price points depending on the item and the delivery location. The cost of physical delivery is covered by either the seller or buyer and paid for in fiat when redeeming the item. More details and price charts can be found HERE
All real-life deliveries are handled via our third-party partner, ARTA. Please check our terms and conditions for more details, as well as additional contact details and information on ARTA.
If the item is not damaged, returns are not applicable. If your item is damaged, please contact ARTA or the creator if applicable. RealNifty is not responsible for any damage to physical items. Please check our terms and conditions for more details.
It depends. Some items will be and some won't. You will be able to find out in the description of your NFT. Some physical items may be linked by QR codes, for example. Most NFTs with digital items will still be able to be sold separately after purchase if this is what you would like to do.
RealNifty provides shipping to dozens of countries all over the world through our logistics partner, ARTA. The full list of countries can be checked when filling out delivery details or through the link to our third-party delivery partner found in the RealNifty Terms and Conditions.
You have 12 months to redeem your physical item from the first time the NFT was purchased. If you bought the NFT on the secondary market and the physical item has not yet been redeemed, it will display the amount of time left for you to claim. If you do not redeem your physical item in this time frame, the creator has the right to once again take ownership of the physical item. More details can be found in our terms and conditions.
Physical items are stored by the creators themselves or our partners in collaboration with the creators. Information may be in the NFT description or you can reach out to the creator via our messaging system where applicable.
This would depend on the physical items origin and delivery address, as well as other actors including delivery materials and services. An average time of between 5 days to 30 days is usually stated. More details will be available at checkout or via email once redeemed.
On the NFT's page, there will be a clear symbol of an open box under the NFT image. If you hover over this it will tell you if the physical item is redeemed. You can also scroll down and view the redemption information lower down the page. Be sure to check an NFT's redemption status to avoid any disappointment. All purchases of NFTs are non-refundable.
Yes. Some NFTs may sell for less without a physical attachment that has been redeemed, but some may still hold value, due to, for example, attached unlockable content benefits or other exclusive features tied to the NFT.
In some cases, yes. If you purchase an NFT over $10,000 or use the RealNifty marketplace to purchase NFTs with a combined pricing in excess of $10,000, you will be asked to provide KYC details. Your account will be restricted until the KYC is provided. This is completed directly through the RealNifty website.
The creator dashboard is made accessible after RealNifty accepts a creator to mint their NFTs on the platform. From the creator dashboard, users are able to view NFTs they have minted, edit unlockable content, update physical redeemable items, and burn NFTs amongst other features. For more details, check out our guide here.
Pricing is determined by the creator themselves. It all comes down to creator preference.
Unlockable content is content bundled with an NFT that can only be accessed by the owner. This could be something like VIP access to an online event, downloadable music or video content, or a ticket to an in-real-life event. Unlockable content can be uploaded to specific NFTs by the creators through the 'creator dashboard'. Unlockable content can be added and removed both before and after minting.
When you mint an NFT, any media is stored within IPFS. IPFS is a distributed system for storing and accessing files, websites, applications, and data. It is a more decentralized method for storing your images and files. Potentially, users viewing the content can help with the distribution by sharing it peer-to-peer, potentially making storage safer and faster to access.
Creators earn in a couple of ways on the Real Nifty marketplace. The first is through the initial sale. When someone buys your work for the first time, the ETH from that sale will be deposited directly into your crypto wallet. Real Nifty gets 2.5% of the sale. Additionally, you have the option to set a royalty fee on any future sales. You are able to set the royalty fee at between 1-10% of secondary sales.
Creators are able to set royalties for any sales of their work on the secondary market. The option to do this is on the form when minting an NFT. The creator can set royalty fees between 0 - 10%
You can delete NFTs you have created through the 'creator dashboard'. This is called 'burning'. More details on this and why you may want to do this can be found in this article.
If you have sold an item or made a transaction on the Ethereum blockchain, you can check those transactions by using Etherscan. This is a platform that displays data on the Ethereum blockchain. You can access your information by typing in your crypto wallet address on the Etherscan website or can check transactions of specific NFTs directly from the NFT's page on RealNifty.