• How do ranked auctions work?

  In a ranked auction, the artist sets a starting price and you bid against other collectors. When the sale ends, the available supply is distributed amongst the top bidders. Placing multiple bids If you have a winning bid and you place another bid, you'll have two winning bids. If neither of these bids are outbid, you'll win two artworks. You can't cancel, increase or replace a bid once it has been placed, and your funds are locked up while your bid is active. To avoid being the risk ofPopular

• Withdrawing artworks to a private wallet

  By default, artworks are stored in your account within the Verse custodial wallet. If you prefer, you can set up private wallet storage to have purchases sent straight there. You can also withdraw works to a private wallet any time. Withdrawing is free. You don't need to verify your identity or do any KYC steps.  Please note that you can't list withdrawn works for sale on Verse, nor will you reSome readers

• How 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. Bidding with different payment methods 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. If you get outbid, we immediately release this hold. Most banks show this releaSome readers

• Connecting 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 readers

• Royalties

  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 readers

• Platform 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 readers

• How 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 readers

• Environment

  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