How to create & sell your collectibles?

On Craft, you can create your own NFT tokens as collectibles and buy/sell them in the marketplace. The collectibles you created are permanently recorded on the ICON blockchain, which proves authenticity and ownership of your creations.

How to create ?

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!

Craft - How to create
Craft - How to sell

How to sell ?

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.

How to earn $CFT tokens ?

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!

Craft - How to earn
About Craft FAQ
Marketplace
What is Craft ?
Craft is an NFT marketplace owned by the community, powered by the ICON blockchain. Users can create, buy or sell their collectibles on this platform.
Who owns my NFTs ?
NFTs minted are owned by their respective creators. Upon the sale of each NFT, transfer of NFT ownership also grants non-commercial rights of the NFT. Owners of the NFT can resell in the marketplace and original creator will earn a royalty fee on all secondary sales.
How do I sign up to use Craft?
Download ICONex wallet on Google Chrome, connect, and you’re in !
What is an NFT collection ?
An NFT collection is simply a collection of related NFTs, much like how you’d group related files in a specific folder. We also provide a base collection - The Craft Collection, for any uncategorized NFTs that you can simply add to.
Can I mint an NFT on Craft without selling it ?
Yes. During the creation process, untoggle "List for sale".
How does the royalty system work ?
As creators of the Craft network, you can earn a percentage of royalty fee from secondary sales. You can adjust royalty fee in advanced options during the creation process. Royalty fees only occur when the secondary sale is higher than its original price. For example, Bob creates an NFT art piece and sells it for 100 ICX with a 10% royalty fee. Alice purchases the piece and later resells it for 300 ICX in the open market. Since the resale price is higher than its original price, Bob will get 30 ICX (10% of 300 ICX) as his royalty reward upon its sale.
What are the fees used by Craft ?
We charge a flat service fee of 2.5% on every sale from the buyer. Sellers do not pay service fees.
How do I suggest new features ?
Please come to our Discord channel to make suggestions, we will carefully consider all feedbacks.
DAO / $CFT token
What is $CFT ?
As the Craft Network aims to become a DAO based ecosystem, $CFT will be the native governance token of the network. $CFT holders will have rights to vote on various proposals, from development directions, content and other governance decisions.
How is $CFT distributed and who is eligible ?
$CFT are earned through market liquidity mining and LP staking. These are all based on your buying and selling activities against the network total. As per the terms of service, wash trading is prohibited and will lead to the blacklisting of your address from the Craft marketplace and the exclusion of this address from the liquidity mining rewards.
What's member tiers ?
We have designed a tier system that will be applied to many $CFT features, the goal of different member tiers is to reward long-term and committed holders. We also plan to bring some gamification aspect to the marketplace through this design.
What's fees sharing ?
“Fees sharing” refers to platform service fees (2.5%), of which we will allocate a portion to $CFT stakers. This effectively makes $CFT owners and stakers to own a piece of the platform and earn its operation revenue. The shared fees will be split into two allocations, one portion will go toward $CFT stakers directly, and the other portion will be distributed towards a DAO fund. Here is all the informations and détails about fees sharing : https://medium.com/@craftnetwork/cft-token-roadmap-7bf87885002
How to buy $CFT ?
$CFTs won’t be directly purchasable on the Craft Network, only earned through buy/sell activities. However, $CFT can be listed on exchanges and freely traded in the open market, this is beyond the control of the Craft Network.
How to get involved in Craft governance ?
For proposal discussions, please join our Discord channel.
Member tiers : How does it work ? What is required ?
You need to have a certain amount of CFT to participate.
Bronze requirement: 0 $CFT
Silver requirement: 50,000 $CFT
Gold requirement: 100,000 $CFT
Platinum requirement: 250,000 $CFT
Diamond requirement: 500,000 $CFT.
LP token
What is CFT/sICX LP token ?
The CFT/sICX LP tokens represent the share of the Balanced liquidity pool that is used to allow trading of CFT tokens on the ICON Blockchain.
How many $CFT will be distributed ?
10% of the $CFT supply (21M CFT) is dedicated to rewarding the LP tokens staked on Craft. It means that you earn rewards from both this staking pool and the fees earned by the CFT/sICX pool.
How often does the $CFT distribution occur ?
The rewards will be distributed weekly (11 AM UTC on Monday) and will be calculated based on daily snapshots.
What’s the lock-up period ?
The LP Tokens have a lock-up period of 1 day upon deposit, once this period is over, you’ll be able to instantly unlock your LP tokens.
How to get CFT/sICX tokens ?
Here is our tutorial which will allow you to buy CFT and sICX to get LP Token : https://medium.com/@craf...