FAQ
What kind of projects can you create on NFT Kreator?
The sky's the limit. From real estate to precious metals, to carbon credits, to financial instruments, to music, art, gaming digital collectibles, or ever intangible assets like loyalty and reward points. Anything you want to tokenize, you can tokenize.
We will be announcing reward points for early users. Watch this space for more updates
How do I decide the prices of my NFTs?
We are excited to announce that we will be adding an API for an NFT market. This will allow you to list your NFTs with a suitable base price for potential buyers. Stay tuned for more updates on this exciting feature!.
What is a smart contract?
A smart contract is a self-executing computer program that automatically enforces the negotiation or performance of a contract. A smart contract for NFTs defines the rules and conditions for creating unique digital assets, assigning ownership, and transferring NFTs between different parties. For example, a smart contract for NFTs could specify the conditions under which an NFT can be sold, the way in which ownership is transferred, or the process for verifying the authenticity of an NFT.
What is meant by deploying a smart contract?
Deploying a contract refers to the process of creating a new instance of a smart contract and publishing it onto the blockchain network. This process involves writing the contract code in a high-level programming language, such as Solidity in the case of the Ethereum blockchain, and using a blockchain client to send a transaction to the network with the contract code and any required data or parameters.
What is meant by "Minting" an NFT?
Minting an NFT refers to the process of creating a new and unique digital asset on a blockchain network. The term "minting" is used because, in a way, the process is similar to minting a physical coin or currency. During the minting process, a smart contract is executed to create a new NFT, assign it a unique identifier, and store its metadata, such as its name, description, and any other relevant information, on the blockchain. Once an NFT is minted, it can be bought, sold, or traded like any other digital asset.
What is meant by "Burning" an NFT?
Burning an NFT (Non-Fungible Token) refers to the process of destroying or making a token permanently unavailable for transfer or use. This can be done by transferring the token to a designated "burn address," which is an address that is not controlled by anyone and is intended for destroying tokens. Once an NFT is burned, it cannot be transferred or used again, effectively rendering it permanently unusable.
Should I connect to my wallet?
No, there's no need to use your own wallet for transactions. We utilize Venly wallets for all types of transactions.
Where to log bugs
What is the lifecycle of digital assets
Asset Identification and Verification -> Tokenization (Creating NFT) -> Minting and Listing -> Trading and Ownership Transfer -> Holding and Display -> Maintenance and Insurance -> Potential Secondary Market Transactions -> Decommissioning or End of Life
Which blockchain network are we using?
We are currently deployed on the Goerli Testnet.
Can I get ownership of the project wallet address
No, this is not possible yet but stay tuned, because it is a feature we are working on
Do I need Web3/Blockchain knowledge to use this API?
A basic understanding of blockchain will be needed, however, you do not need to understand details about blockchain.
Is there a limit on the number of projects I can create?
Currently, there’s no hard limit. However, eventually, we will cap it at 3 projects per user per year.
Last updated
Was this helpful?