General FAQ

Important questions answered

What is NiftyBase

NiftyBase is a SaaS tool, and primary marketplace for creators to mass create generative NFT collections, instantly share them for minting and automatically link them to the secondary market with rich metadata.

What are NFTs (Non-Fungible Tokens)?

NFTs have exciting new properties: they're unique, provably scarce, tradeable, and usable across multiple applications. Just like physical goods, you can do whatever you want with them! You could throw them in the trash, gift them to a friend across the world, or sell them on an open marketplace. But unlike physical goods, they're armed with all the programmability of digital assets.

What is a Generative NFT?

These NFT collections are algorithmically generated with various pre-set parameters like the layers and item rarity. Generative NFT collections often include 000s of unique NFTs with varying rarity.

How is NiftyBase Different from other marketplaces like Opensea and Rarible?

We remove all the repetitive, tedious tasks. We’re also a primary sale service, not secondary sale, which means you provide your collection of thousands of NFTs to mint on our site and then your buyers can re-sell on secondary marketplaces within a collection you control and earn royalties from.

How much does it cost to use NiftyBase?

There are no upfront fees. And generating your collection of up to 10,000 NFTs is entirely free.

What you pay:

- NiftyBase 3% minting fee
- Ethereum GAS fees
‍
There’s no re-sell royalty. Our fees don’t include GAS fees you must pay, but that’s a standard for all operations using Ethereum on the blockchain.
Once Ethereum 2.0 is out, we’ll be free from these fees too!

What are the steps?

1. Upload Images
2. Input image details e.g. rarity
3. Input collection details e.g. # of NFTs, naming standard and minting price
5. Generate and share to your audience for minting

Do I need Cryptocurrency to use NiftyBase?

As a creator or collection owner, you do not need crypto to get started. If you sell your NFTs on other platforms or transfer your NFTs to another wallet
outside of NiftyBase, you will need to pay the network gas fees when listing, trading, or selling on secondary marketplaces like Opensea or Rarible.

As a buyer, you need crypto to purchase NFTs listed in ETH on our platform. You will need to connect your MetaMask wallet to buy, make offers, and
transact on NiftyBase. Our site is not a cryptocurrency exchange, and we do not convert currencies between USD or other cryptos.

Do I need to do any coding or deal with smart contracts?

On our platform, there’s no need. However, to sync your collection with Opensea, you will need to paste over your unique smart contract address.

How much will I earn from the primary sale?

97% of the minting price.

Can I collect royalties on Opensea?

You can manage your Opensea royalties for custom smart contracts created on NiftyBase on Opensea when you connect with MetaMask to the wallet
address that your custom collection is minted under.

How much will I earn from secondary sales?

That depends on the secondary marketplace you use; for example, Opensea charges roughly 2% of the transaction price.

How long does the process take?

Not including the design stage and assuming you’ve decided in descriptions the process takes less than 5 minutes from start to having up to 10,000 NFTs available to mint.

How many NFT’s can I generate?

Up to 10,000 unique NFTs. There will be some limitation depending on how many unique layers you submit.

How can I change the rarity of individual items?

During the setup process we have a simple input system for each image layer.

How can I add descriptions of the NFTs?

You can add a description to each item, this will sync with the NFT’s metadata which means this information will also be reflected in secondary markets like Opensea

Will my NFT descriptions show up on Opensea?

Yes, all NFTs are linked to Opensea with rich meta data for each item used in the NFT and other descriptions.

Generative NFTs But...

Simple

Automatic

Instant

Our Background

Resources

General FAQ