As an artist, you can create collectibles to sell in the marketplace, and continue to earn royalties from each secondary sales. As an investor, you can purchase collectibles from the marketplace, or even simply showing off your collection to the community and friends!
Every collectible on Craft is digitally signed by the creator and permanently recorded on the ICON blockchain. Proof of ownership and authenticity can easily be verified on-chain without the possibility to tamper the records.
Each week, users will earn $CFT tokens based on their buying and selling activities, and there will be additional incentives for those who join early! $CFT tokens will also allow you to vote on platform development and governance decisions.
To craft a collectible, you simply need to log in with ICONex (top right of the screen). A Craft button will appear, click, follow a few simple steps, and it’s done! You have effectively minted NFT tokens on the ICON blockchain, with your digital signature and proof of ownership!
During the creation process, you may create under the default Craft collection or create a collection of your own. You can also adjust granular details like royalty fees, list the item for sale, or add additional attributes to the NFT items. Give it a try, it’s really simple!
Once your collectibles are created, you can list them for sale on Craft marketplace. Upon successful purchase, your collectible will be transferred automatically to the buyer and the funds will be credited to your wallet (minus fees and royalties).
If you’re the creator of the collectible, any secondary sale will also earn you royalty fees based on the sale price.
The platform will provide marketplace liquidity mining, in simpler terms, any buy/sell activity will be recorded and you will receive $CFT tokens in proportion to the overall network activity. The more you participate, the more you earn!