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) benefits such as access to an unreleased song, VIP concert tickets or a once-in-a-lifetime experience. As the owner of the NFT, you can enjoy all the benefits that come with the NFT for as long as you own it, or you can list it for sale on the OneOf Marketplace. Please note that once a OneOf NFT is exported out of the OneOf platform, any Vault Content is no longer accessible.
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 ...
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 ...
How to process Crypto withdrawals on OneOf (US and International Users)
If you haven't setup your BitPay account yet, then we suggest to go through steps 1 to 5 to help you get started. However if you have already set it up and want to know how to withdraw you can go ahead and proceed to step 7. 1. Go to the Payment ...
What does "Minting" mean?
“Minting an NFT” is just another way of saying “storing on the blockchain”. If an NFT is a blockchain-based token that proves ownership of digital items such as an image, music or video files, “minting an NFT” refers to converting those digital files ...