I've heard that NFTs are selling for millions of dollars. How can I afford an NFT?
Built on energy efficient “proof-of-stake” blockchains like Tezos and Polygon, minting an NFT on OneOf is thousands of times less expensive than other platforms that use more traditional “proof-of-work” blockchains. OneOf further subsidizes these low transaction fees to offer close to $0 minting costs to its NFT partners who are then able to price their NFTs as low as $5-10, or even free.
What does owning an NFT mean?
Owning an NFT is digital proof of ownership to a media file, such as a photograph, a video, or a music file that is recorded and stored on the blockchain. Some OneOf NFTs include OneOf-exclusive Vault Content which could be special IRL (in real life) ...
Can I return an NFT after I purchase it?
No. All sales are final since NFTs are unique non-interchangeable digital assets. You can, however, list your NFT for resale on the OneOf Marketplace. If your NFT was purchased using a credit card, there is a 30-day holding period from the purchase ...
Do you own the Intellectual Property (IP) of NFTs?
No. Owning an NFT does not give you copyright or intellectual property ownership of the file or any of the vault content. This means that you can enjoy these image, audio or video files for yourself, but you cannot commercially exploit them unless ...
What is an NFT?
NFT stands for "non-fungible token." They are built on blockchain technology similar to "fungible" tokens such as Bitcoin or Ethereum; however, each NFT is unique and can be a one-of-a-kind "edition" or part of a limited Drop Each NFT is based on a ...
When can I gift a NFT?
You can gift a NFT immediately if paid with marketplace credit or crypto. If paid with a credit card, there is a 48-hour window before you can gift.