Question 1

How to pay on Verse

Accepted Answer

Credit or debit card

We support most major debit and credit cards including Visa and American Express.

Why was there a charge on my credit card?

MetaMask (ETH)

Please note that all works on Verse are priced in USD.

ETH prices are shown alongside some prices for reference only, and these will fluctuate. Verse payments system is a combination of centralised and decentralised methods. It may happen that your ETH payment will be received after the sale on Verse has ended. In this case you will receive automatic refund even if your original payment transaction is successful on Etherscan.

Tezos (XTZ)

We accept payments in Tezos (XTZ). You can pay using your favourite wallet (Kukai, Temple or many others). The nature of Verse payments system is very flexible allowing to accept payments in different chain and perform NFT minting on another. Please note that even if you are paying with Tezos, the NFT you receive will most likely be on Ethereum. Please double check the minting network before purchasing.

Prepaid USDC

This is the fastest way to pay on Verse.

Convert your funds to USDC
Click "Deposit USDC" on your account page
Enter the amount you wish to deposit and follow the instructions

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Question 2

What is Verse?

Accepted Answer

Verse is a platform for art world artists to exhibit and sell their NFTs.

Our main motivation for starting Verse was to make it very easy for people to get onboarded to NFT space. Owning a private wallet is intimidating and many people yet to take their time to educate themselves of how to use it and guard it properly. For this reason we built Verse as a centralised platform in a sense that we accept credit/debit card payments and have a custodial wallet to be used for users who do not currently own a wallet. Our aim is to empower users to start collecting NFTs while they are still learning about self custody. We believe that collectors should own their NFTs while at the same we want to offer the simplest user experience possible.

These product decisions had a big impact on our design decisions. Since we are centralised platform we perform the NFT minting on behalf of the user. As NFT is minted it is initially stored in our custodial wallet. Users can withdraw NFT from Verse custodial wallet to private wallet at any time and we currently cover the gas fees. Custodial wallet should only be used by people who are new to NFTs or do not feel comfortable owning a private wallet yet.

Verse supports debit/credit (fiat), USDC deposits and ETH payments. Read more about how they work here.

Question 3

Withdrawing artworks to a private wallet

Accepted Answer

| ✨ You can now mint works directly to your own wallet by connecting an external wallet.

You can withdraw your works to a private wallet any time after they are minted. Works are minted within 24 hours of the end of the sale; we cover the gas fees.

Withdrawing is free. You don't need to verify your identity or do any KYC steps.

To withdraw an artwork, navigate to it from your Profile and click "Withdraw to private wallet".

You can only withdraw an artwork after it's been minted, which usually happens within 24 hours of the sale ending.

Next, enter your wallet address and click "Withdraw".

Please double check the address, as this action is irreversible.

Withdrawals usually take a few hours to process; you'll receive an email confirmation when it's done.

Question 4

How bidding works

Accepted Answer

In an auction, the artist sets a starting price and you bid against other collectors. When the sale ends, the highest bidder wins the auction and pays for the item.

Time extensions

If a bid is placed within the last 10 minutes of an auction, the timer automatically resets to 10 minutes, to give other collectors time to submit additional bids.

Bidding with different payment methods

Prepaid USDC 💸

If you're paying with prepaid USDC, you can only submit a bid for the amount you have already deposited into your account balance. Deposits can take a few minutes, so we highly recommend depositing the maximum amount you're willing to bid well in advance.

Credit or debit card 💳

When you bid and select credit/debit card as a payment option, we place a temporary hold on this amount to make sure you have sufficient funds. We release the hold if you're outbid.

MetaMask 🦊

If you're outbid, funds will be returned to your wallet. This usually takes about a minute, but it may take longer if the network is busy.

Please note that bid payments with MetaMask sometimes take a few minutes. If you're planning on placing a bid with only a few minutes to spare, we highly recommend using an alternative payment method.

Settling an auction

If you win an auction, the payment

Question 5

Connecting externals wallets

Accepted Answer

Connect an external wallet to verify ownership or mint works you purchase directly to it.

Connecting a wallet doesn't grant Verse access to it — we just verify that you're the owner.

There aren't any gas fees.

Connect your wallet

To add a wallet…

Go to your account page
Click the "Connect wallet" button
Select your wallet provider
Sign the message to verify your ownership

Mint to your wallet

||| ⚠️ If you mint works to an external wallets, you won't be able to sell them on Verse (although this will change in the near future).

To mint directly to an external wallet…

Connect your wallet using the steps above
Click the "Mint to" dropdown and select your wallet

Question 6

Royalties

Accepted Answer

One exciting aspect of NFTs is perpetual royalties for artists and curators from secondary market sales.

Verse platform royalties

If a collector resells an NFT which has a 5% artist royalty for $100, the collector will receive $92.50 after the sale. $2.50 goes to Verse as a platform fee and $5 goes to the artist. There are no gas or hidden fees for the seller. For all NFTs sold on Verse, secondary market royalties will be immediately credited directly to the artist.

Off-Verse artist royalties

Verse smart contracts use the EIP-2891 royalties standard proposed by the Ethereum foundation. This means that if a collector sells a Verse NFT on another marketplace that respects this standard (such as OpenSea) the artist royalty will still be applied.

Not all marketplaces adopt this standard yet, so artist royalties may not be enforced on some third party marketplaces. We hope that in the future all marketplaces will adopt this royalties standard so that artists can be fairly paid for their work.

For artists: How royalties are paid out

For NFTs sold on the Verse secondary market the creator royalties will be paid in the same currency that the NFT was purchased (for example fiat USD or stable coin USDC), however contact support@verse.works if you'd like to be paid entirely in fiat currency.

For NFTs sold off the Verse platform the royalties will be pa

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