Question 1

What is an NFT?

Accepted Answer

A Nonfungible token is a digital asset representing ownership rights for some physical thing. Blockchain technology lets us create unique assets that cannot be duplicated representing real world items such as collectibles, artwork, music, & property.

Question 2

What are NFTs used for/What is NFT utility?

Accepted Answer

NFTs are more than just digital objects, they have utility. Utility means that your NFTs can be put to work. Previously, where we had only pixels & images, now your NFT can accomplish tasks in the real world. Everything from online activity to being your ticket to a real world event.

Question 3

What’s the difference between Artozo & Opensea\Solsea & other NFT marketplaces?

Accepted Answer

Artozo is unique in that we work to ensure a viable marketplace for our Creators & Collectors & in our commitment to making it easy to move from Web2 to Web3 technology. ARTZ, the native cryptocurrency for Artozo, facilitates affordable fast transactions & supports Utility in the NFTs on the platform. We also reward our members not just for buying/selling NFTs, but for bringing their friends to Artozo & growing the community. Our Rewards offerings include Activity Points (AP), Mystery Boxes & Staking Promotions where you can leverage the value of the NFTs you collect.

Question 4

How do I buy an NFT?

Accepted Answer

You can buy NFTs through direct sales, or trades & Artozo accepts cryptocurrencies as well as traditional credit card payments. Artozo is a Solana blockchain platform - which means fast, secure transactions when you collect & trade NFTs in our Marketplace. In addition, Artozo uses a Rating program & Level system to ensure demand & utility as well as increasing the value of the NFTs you hold.

Question 5

How do I sell an NFT?

Accepted Answer

Selling NFTs on Artozo is just as straightforward as buying an NFT. There is no minimum time for you to hold your NFTs, but holding the digital assets means that you have time to participate in Staking Promotions or earn & apply ArtUP Boosters to increase an NFT’s Level. You can List your NFTs for sale from your Dashboard where you will be able to see the status of all your holdings.

Question 6

Where is the best place to buy NFTs?

Accepted Answer

Artozo, of course! Because in addition to all the standard NFT Marketplace features you expect, we also offer NFT Staking promotions that leverage the value of the NFTs you buy. Artozo also has an Invite-Reward Model that gives back to you when you help grow the community through referrals. All of your activity on the site and Artozo’s social media also earn you Activity Points (AP) that can be converted to ARTZ Tokens & withdrawn to your external Web3 wallet.

Question 7

What does “floor price” mean for NFTs?

Accepted Answer

Floor price is the baseline value of a given digital artwork or the lowest valuation for an NFT Creator’s works. Artozo uses Rating & Level systems to ensure that the NFTs on our site are valued fairly & that their value is maintained against market fluctuations. The Level system provides a range of pricing for NFTs at given Levels & ensures a minimum value - the “floor”. The floor increases as NFT Level increases.

Question 8

Do I need a crypto wallet to buy or sell  NFTs on Artozo?

Accepted Answer

Nope! One of the great things about Artozo is that they give you an In-App Wallet, ready for business with no need to set up a crypto wallet. Artozo’s In-App Wallet offers greater security over third party crypto wallets & saves you time & energy spent navigating multiple applications. Collectors who already have Web3 wallets in place will be able to connect their existing wallets to the platform following full launch.

Question 9

Is Artozo based on Web3?

Accepted Answer

Artozo is a state of the art platform built to bridge Web2 & Web3 by giving you all the best, familiar aspects of existing interfaces as well as the latest innovations. Web3 is a still evolving concept. Our marketplace ecosystem is designed to integrate & grow into that emerging environment.

Question 10

Does Artozo have its own cryptocurrency?

Accepted Answer

Artozo has a native cryptocurrency, the ARTZ Token, which is tradeable, secure, & transferable. All transactions & rewards on the platform are conducted using ARTZ, giving the token built-in Utility. ARTZ Tokens are also valued on the broader market & can be exchanged for USDC & other cryptocurrencies on DEX. Using ARTZ makes sense because it gives you the best price for your NFTs due to the favorable exchange.

Question 11

Can I earn crypto currency when I buy & sell NFTs on Artozo?

Accepted Answer

You will get opportunities to earn ARTZ Tokens for everything you do on the platform. We award Activity Points (AP) for everyday actions that can be converted to ARTZ or used to give your NFTs a “boost.” ARTZ are used for all transactions on the site so payouts for Staking Promotions & the returns from the Invite-Reward Model will also get you ARTZ.

Question 12

Where can I buy ARTZ Tokens?

Accepted Answer

ARTZ can be purchased directly from Artozo using your in-app wallet. However, purchasing ARTZ Tokens on DEX generally gets you the best price for the token as exchanges on the Platform may carry up to a 5% service fee.

Question 13

Why does Artozo verify Creators & Collectors on the platform?

Accepted Answer

Our verification process & the Editorial Team grew out of a concern for ensuring our platform offers the best in NFTs for both Creators & Collectors. We are committed to protecting usage, intellectual property, & copy rights as well as filtering out junk projects and scams.

Question 14

What will I get if I invite my friend(s) to Artozo

Accepted Answer

Artozo uses an Invite-Reward Model to encourage you to grow both your own personal circle of friends & collectors on the platform but also to grow the Artozo community. Incentives for inviting friends to Artozo include bonuses & rewards for all your friend’s activities on the site including buying/selling NFTs, purchasing the Artozo NFT Key & participating in Staking Promotions.

Question 15

Where do I find my current Activity Points & Rewards?

Accepted Answer

For information on your current AP count & Rewards available to you, go to your user Dashboard. The opening view gives you a rundown of your activity, your points and all your Rewards. This page also includes an overview of your ARTZ Token balance and NFTs you hold.

Question 16

Why should I get an Artozo NFT Key?

Accepted Answer

The Artozo NFT Key opens up the full range of benefits possible in the Platform & Marketplace. Keyholders get additional rewards & bonuses from all our incentive programs including the Invite-Reward Model, NFT Ratings & Activity Points.

Question 17

What is an ArtUp Booster & how does it work?

Accepted Answer

ArtUp Boosters come in 2 types but both allow you to increase an NFT’s Level. Pricing and Staking Value are both impacted by an NFT’s Level. You can receive single-use ArtUp Boosters as Mystery Box prizes. These boosters can be applied one time to a single NFT. ArtUp Boosters can also be purchased with ARTZ Tokens. Boosters purchased with ARTZ can be applied to a single NFT multiple times, allowing you to raise the NFT up to the Level 10 limit if you choose.

Question 18

What is NFT Staking

Accepted Answer

Similar to staking in cryptocurrency, NFT Staking allows you to make additional returns on your asset. Staking puts your holding to work on the blockchain and in exchange you receive rewards, kind of like earning interest at a bank, but with no middleman and more satisfaction.

Question 19

How does Staking work?

Accepted Answer

Artozo will run Staking Promotions on the Platform periodically with the Rewards Pool being funded by a portion of the site fees. There may be more than one promotion running at any time, with different requirements for the NFTs that can be staked to a given promotion. For all promotions, the minimum time period for staking a given NFT will be 24 hours. During that time, the Staked NFT cannot be sold, transferred or otherwise removed from the platform.

Question 20

Is NFT Staking legitimate?

Accepted Answer

Staking NFTs allows the owner of the asset to earn passive income by “locking” their asset for a set period of time. This allows the owner to benefit from the asset’s utility without selling their digital art or other possessions. Artozo is committed both to making your NFTs work for you & to ensuring that our platform conforms to legal & ethical restrictions on activities. The Staking Prize Pool is set aside as an allocation from the transaction fees charged on the site.

Question 21

What if I have an issue with a sale/purchase?

Accepted Answer

For any issues with sales or purchases that can’t be directly resolved through the interface, you have several options. Contact support@artozo.com or contact@artozo.com. You can also speak via Discord with community managers, moderators and post requests for assistance.

Question 22

Who can I contact if I have technical problems?

Accepted Answer

Tech happens - and sometimes you need help. For anything that can’t be directly resolved through the interface, you have several options. Contact support@artozo.com or contact@artozo.com. You can also speak via Discord with community managers, moderators and post requests for assistance.

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