🧺NFT Marketplace
NFT Marketplace
Last updated
NFT Marketplace
Last updated
This section lets you build your store, create unique NFTs, and sell your digital assets with ease.
BeLaunch’s NFT Marketplace offers a user-friendly platform for artists, creators, and collectors to join the thrilling world of digital art and collectibles.
What is an NFT?
The best way of wrapping your head around what an NFT is (a non-fungible token) is to compare it to the real world examples.
Non-Fungible? What does that mean?
Simply refers completely to completely interchangeable assets . If I lend you a dollar bill and you pay me back later with a different dollar bill, it does not matter. Both bills have the same value. A non-fungible asset refers to an item that is not interchangeable. For example, a plane ticket. All plane tickets have different names, destinations, etc. which means that each one is completely unique.
How does this relate to the digital world?
An NFT is a digital collectible. Digital collectibles have existed for a while, but their full potential had not been unlocked until the emergence of NFTs. This is because NFTs incorporate blockchain technology, which gives them a myriad of benefits over traditional digital collectibles.
Where do I see NFTs going within the next couple years?
Owners of NFTs will expand exponentially once they begin seeing more mainstream success. Additional research is located here. There has also been speculation that NFTs will someday power physical documents (diplomas, house deeds, etc.). I completely agree with this speculation. The world is moving towards a digital future free of paper and NFTs are just one piece of the puzzle towards doing so.
Are there any fees for making purchases?
Buyers do not pay additional fees for making purchases. Simply select the NFT you like and pay the exact amount of the listed price.
For secondary sales, if you are the seller, a 2% processing fee will be deducted from the total purchase amount to cover the operational costs of the platform.
In addition, royalties will be deducted and shared with the creator of the item. The exact amount of royalties (as a percentage of the total purchase amount) is decided by the creator.
How do royalties work?
Royalties are paid to the creator whenever their work is sold on the secondary market, allowing them to be recognized and compensated for their work.
When the creator puts an item up for sale, they can specify how much royalties to charge as a percentage of the listed price for each secondary sale. For example, if you set a 10% royalty, then you will get $500 when your work is sold on the secondary market for $5,000.
Note that royalties are fixed at 10% for resales of collectibles created directly by creators through the platform.
What’s a verified creator or collection?
To help users identify genuine creators and collections, blue checkmark badges are added to indicate that BeLaunch.io NFT has verified their authenticity.
Can I get my user account or collection verified?
Account and collection verification is currently reviewed and approved by internal staff only. A collection verification application process will be made available in the near future.
