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Description | The NFT-backed social media platform designed to bring creators and fans closer together. |
h1 tags | The NFT-backed social media platform designed to bring creators and fans closer together The NFT-backed social media platform that brings creators and fans closer together Top Creators Momint is thesocial media marketplace Our system is greener. Collect, Curate, Support Monetise from day one. Collect, Curate, Support Monetise from day one. Frequently asked questions What is an NFT? An NFT is a digital certificate of ownership. It’s a token that lives on the blockchain it is completely transparent and cannot be tampered with. Creating an NFT is called ‘minting’ during this process we fingerprint and store the digital asset on an open source blockchain called IPFS (InterPlanetary file system - cool right?) - this means that the file will never be edited or deleted. Why would I buy an NFT? There are many reasons why someone may buy an NFT. Why would creators want to sell NFTs? There are so many reasons why a creator might want to sell NFTs: I heard NFTs are bad for the environment, are yours? Momint uses a proof-of-stake Blockchain - that means that our energy consumption is significantly lowered. In fact, NFT creation and transfers on our blockchain are over 300x more efficient than typical visa transactions!Here is a bit more info on how we stack up against common providers: Can you take my tokens away from me? No. Tokens that you buy are sent to a crypto wallet that we generate for you, or to a connected crypto wallet. As long as you have access to the app, your wallet or your private key (which you can find in your profile) - you can always control your own tokens. You can also transfer those tokens to another wallet you own (or a friend!). Can you delete or modify my NFT in any way? No. When creators ‘mint’ tokens for the first time, files are fingerprinted [hashed] and stored on an open source blockchain called IPFS (Inter Planetary file system). This means that the asset is stored on a decentralized blockchain which no single person controls. Files cannot be deleted or modified, not even by us! What's more, is that this ‘hash’ or fingerprint, is stored in your NFT token, Hashing is a one way operation, and even slightly changing a single pixel, would result in an entirely different hash - so it’s always very easy to know if you are looking at an original or not. How do I become a verified creator? All you have to do is apply here: Applications will be considered on a wide range of criteria including: Why do you need so much personal information from me to bid? Bidding is a complex process completely separate to the complexities of a blockchain App. We need to have mechanisms in place to ensure that people who are placing bids are real people and can afford the bids that are being placed. This is simply to ensure that artists aren't flooded with fake bids that can never be fulfilled. I heard minting is really expensive, how much does it cost with Momint? Zero. Minting can be very expensive on an L1 chain like Ethereum. This is because all transactions require a ‘gas’ payment. This is how all the computers who make up the blockchain earn currency for the work they do in validating transactions. The cost varies depending on traffic in the network, but typical ranges are $80-$250. With Momint, minting is Free! We pay all gas fees on behalf of creators, and provide the platform for all to use in exchange for a 1% royalty on sales. Why is minting limited? At Momint we believe that scarcity breeds creativity, and flooding the ecosystem with bad content is counter productive to the ecosystem as a whole. Creators are limited to a maximum of one drop per week. We are a social media application in the aspect of sharing and engaging, not an endless barrage of babies, selfies and plates of food Frequently Asked Questions What is an NFT? An NFT is a digital certificate of ownership. It’s a token that lives on the blockchain it is completely transparent and cannot be tampered with. Creating an NFT is called ‘minting’ during this process we fingerprint and store the digital asset on an open source blockchain called IPFS (InterPlanetary file system - cool right?) - this means that the file will never be edited or deleted. Why would I buy an NFT? There are many reasons why someone may buy an NFT. Why would creators want to sell NFTs? There are so many reasons why a creator might want to sell NFTs: I heard NFTs are bad for the environment, are yours? Momint uses a proof-of-stake Blockchain - that means that our energy consumption is significantly lowered. In fact, NFT creation and transfers on our blockchain are over 300x more efficient than typical visa transactions!Here is a bit more info on how we stack up against common providers: Can you take my tokens away from me? No. Tokens that you buy are sent to a crypto wallet that we generate for you, or to a connected crypto wallet. As long as you have access to the app, your wallet or your private key (which you can find in your profile) - you can always control your own tokens. You can also transfer those tokens to another wallet you own (or a friends!). Can you delete or modify my NFT in any way? No. When creators ‘mint’ tokens for the first time, files are fingerprinted [hashed] and stored on an open source blockchain called IPFS (Inter Planetary file system). This means that the asset is stored on a decentralized blockchain which no single person controls. Files cannot be deleted or modified, not even by us! What's more, is that this ‘hash’ or fingerprint, is stored in your NFT token, Hashing is a one way operation, and even slightly changing a single pixel, would result in an entirely different hash - so it’s always very easy to know if you are looking at an original or not. How do I become a verified creator? All you have to do is apply here: Applications will be considered on a wide range of criteria including: Why do you need so much personal information from me to bid? Bidding is a complex process completely separate to the complexities of a blockchain App. We need to have mechanisms in place to ensure that people who are placing bids are real people and can afford the bids that are being placed. This is simply to ensure that artists aren't flooded with fake bids that can never be fulfilled. I heard minting is really expensive, how much does it cost with Momint? Zero. Minting can be very expensive on an L1 chain like Ethereum. This is because all transactions require a ‘gas’ payment. This is how all the computers who make up the blockchain earn currency for the work they do in validating transactions. The cost varies depending on traffic in the network, but typical ranges are $80-$250. With Momint, minting is Free! We pay all gas fees on behalf of creators, and provide the platform for all to use in exchange for a 1% royalty on sales. Why is minting limited? At Momint we believe that scarcity breeds creativity, and flooding the ecosystem with bad content is counter productive to the ecosystem as a whole. Creators are limited to a maximum of one drop per week. We are a social media application in the aspect of sharing and engaging, not an endless barrage of babies, selfies and plates of food |
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