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How to start as a seller?

Only artists can create (mint) new NFTs on the platform.

To get started, the artist must either:

  1. Create a new collection
  2. Use an existing collection theyโ€™ve previously created

When minting a new NFT, the artist can choose between:

  1. ERC-721 โ€“ for a unique, 1-of-1 item
  2. ERC-1155 โ€“ for limited editions (multiple copies of the same item)

๐Ÿ’ฐ Royalty (commission): The artist sets their own royalty percentage, which they will receive on every resale of the NFT.

What does a Curator do?

A curator plays a key role on the NFT marketplace by discovering, organizing, and promoting digital art. Their responsibilities include:

  1. Creating curated collections:
    Curators can create their own thematic collections, known as curated collections, where they gather and showcase selected artworks.
  2. Adding NFTs to collections:
    Curators can choose NFTs from the marketplace and add them to a suitable curated collection. While an NFT is part of a collection, it is temporarily unavailable to other curators.
  3. Writing and promoting collections:
    Curators write descriptive texts about their collections, providing context, background, or concepts. They also promote the collection on social media to reach a wider audience.
  4. Earning from sales:
    When a curated NFT is sold, the curator, the seller, and the original artist (creator) each receive their predefined share of the sale. The Artwista marketplace also takes a small commission.
  5. NFT becomes available again:
    After the sale, the NFT is automatically removed from the curated collection and becomes available to other curators again.

How to resell a purchased NFT?

  1. Connect your Wallet:
    Make sure your crypto wallet (e.g. MetaMask) is connected to the marketplace.
  2. Go to Your Profile:
    Navigate to your user profile to view the NFTs you have purchased.
  3. Select the NFT:
    Choose the NFT you want to resell from your collection.
  4. Choose Sale Method:
    For ERC-721: Sell via fixed price or offers.
    For ERC-1155: Sell one or more editions via fixed price only.
  5. Set Your Price:
    Define your selling price and confirm the listing in your wallet.
  6. Your NFT is Listed:
    Once listed, your NFT becomes visible on the marketplace. When sold, youโ€™ll receive the payment (minus fees and royalties).

ARTWISTA is a curated NFT marketplace built on the Ethereum blockchain. This means that every action โ€“ whether minting, purchasing, or reselling an NFT โ€“ is securely and transparently recorded on-chain.

ARTWISTA defines its own smart contracts on the Ethereum network. These contracts automatically handle NFT ownership, artist royalties, and sale processes โ€“ all without intermediaries.

  1. ๐ŸŽจ Only verified artists can create (mint) new NFTs.
  2. ๐Ÿ“š Curators can discover artworks, add them to thematic collections, and boost visibility.
  3. ๐Ÿ”„ Sales and resales happen directly on the marketplace โ€“ securely, transparently, and traceably.
  4. ๐Ÿ’ธ Royalties for artists, sellers, and curators are automatically distributed with every transaction.
  5. ๐Ÿ”— Everything is on-chain: Every step is executed and stored via smart contracts on the Ethereum blockchain.

With ARTWISTA, collecting, curating, and trading digital art becomes a fair and decentralized experience for everyone involved.

There are two types of NFTs currently supported on ARTWISTA.
  1. 1/1 NFTs - typically known as ERC-721 tokens
  2. Semi-fungible NFTs - typically known as ERC-1155 tokens
โ€‹1/1 NFTs, known by their token standard as ERC-721 on Ethereum, are the classic definition of Non-Fungible Tokens that we've described above. Each NFT is unique and distinct from other NFTs.
Semi-fungible NFTs, known by their token standard ERC-1155 on Ethereum, are slightly different. Because they are semi-fungible, the items themselves are distinct from other NFTs. However, they might have a quantity greater than one.

On ARTWISTA, the fees associated with listing and selling NFTs are structured as follows:
  1. Listing Price: To list an NFT for sale, a small listing price of 0.020 ETH is required.
  2. Sale Fee: A 3% fee will be deducted from the total sale amount for each completed transaction. This fee goes to ARTWISTA to maintain the platform and cover operational costs.
  3. Curator Earnings: Curators who discover and add NFTs to curated collections can earn a 3% fee from the sale of NFTs within those collections.
  4. Creator Earnings: The original creator of the NFT can set their creator earnings (royalties), which can range from greater than 0% up to 10% of the sale price. This percentage is automatically distributed to the creator with each resale.
All transactions and fees on ARTWISTA are securely handled via Smart Contracts on the Ethereum blockchain, ensuring transparency and fairness for all parties involved.

Gas fees are transaction fees paid to validators on the Ethereum blockchain for processing your transaction. โ€‹โ€‹Gas is not paid to ARTWISTA, and ARTWISTA does not control gas prices.

If youโ€™re a seller, youโ€™ll pay gas when listing an item on Ethereum for the first time or accepting an offer.

Buyers will pay gas when purchasing items using ARTWISTA. It also costs gas to send (transfer) items to others.