Withdrawing artworks to a private 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. (https://storageSome readersHow do auctions work?
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 5 minutes of an auction, the timer automatically resets to 5 minutes, to give other collectors time to submit additional bids. Bidding with different paymenSome readersConnecting externals wallets
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 walletFew readersRoyalties
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.Few readersPlatform fees
Our secondary market fees are 2.5% plus artist royalties that might be present. Fees cover our costs of minting and distributing NFT’s on our platform as well as funding the development of new features. The seller is responsible for these fees, meaning that unlike decentralised marketplaces, there are no surprise fees for collectors when purchasing.Few readersHow do we select our artists?
Verse collaborates with leading figures from the art world and NFT space to select NFT artworks by top artists, presented in curated exhibitions. If you’re an artist, stay tuned for opportunities to share your work with our curators in the near future.Few readersEnvironment
Verse uses green blockchains like Ethereum with very low energy consumptions. To put things in perspective, the entire Ethereum network consumes 25x less energy than payment platform PayPal. We have partnered with Offsetra to offset the small volume of carbon emissions we do generate through blockchain transactions, which we track with carbon.fyi. Our NFTs are therefore carbon neutral. You can read more about the energy consumption of Ethereum onFew readers