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.
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 ...
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 ...
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.
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 ...
What is a Prepaid Crypto Balance and how do I use it?
Using crypto to make purchases can sometimes take up to 30 minutes, however, with OneOf's Prepaid Crypto Balance you can make a purchase almost instantly. You can send any amount of supported cryptocurrency (Tezos, Bitcoin, or Eth) from your external ...