Frequently Asked Questions

What are NFTs?

NFT or non-fungible tokens refer to unique assets, which are stored on blockchain and maintain unique ownership. Minting is a process in which your cryptocurrency wallet and blockchain communicate together and make you able to create nfts.

KodaDot

Are you funded?

Right now, we have the Kusama Treasury funding for Milestone 1open in new window. We are actively looking for funding options and will eventually raise private funds. Please feel free to reach out to us via Discord if you are interested into private sale.

How can I mint NFTs through KodaDot?

In the left upper corner, you click on createopen in new window and choose simple or classic mint. If you don't know how to continue, you can move to this tutorial.

I've mined an NFT, but it's not showing up

The best way to check if your mint has been successful is through Subscan Exploreropen in new window. Here is what a successfully minted NFT would look likeopen in new window

What's the difference between creating Classic, Simple and Permafrost?

  • CLASSIC mint let's you create collection and add NFTs to it
  • SIMPLE mint will create NFT collectible and add it to your profile
  • PERMAFROST is nft minting using the Arweave protocol: The protocol matches people who have hard drive space to spare with those individuals and organizations that need to store data or host content permanently.

What does SEND, CONSUME, and LIST mean?

  • SEND will send it to someone
  • CONSUME will burn it
  • LIST will list it for sale so someone can buy it from you

Is it possible to move NFTs from one collection to another?

Not at the moment.

What are NFT royalties?

Royalties, or royalty payments, are financial payments that are made from one party to another for the ongoing use of their assets. The term is most commonly associated with the music industry, where musicians allow their records to be played on the radio, streamed online, or sampled by other musicians in exchange for a (royalty) fee. However, it isn’t just musicians that are owed royalties when their work is used. Songwriters, composers, publishers, novelists, producers, and just about anybody involved in a creative process has the potential to claim royalties.

NFT royalties give artists a percentage of the sale price each time their artwork is resold. No matter how many secondary sales occur, the royalties will always be paid back to the original creator, and the best part is that the whole process is automated.

Do you currently have Royalties stream settings?

Right now, we don't have chain logic, but we plan to implement something great, soon.

Is there an official KodaDot token?

No, there is no official token launched. Please follow official social media and be aware of scam and phissing attempts from unofficial sources. DYOR.

Minting Guidelines

All minted files will observe the Code of Conduct and all NSFW (Not Safe For Work) files should be classified NSFW when minting.

Can I purchase NFTs from my phone?

Yes! Currently the KodaDot's integration with the Nova walletopen in new window is in production. We've made a video walkthroughopen in new window and written an articleopen in new window on how to do this.

How can I open the developer console? If you are on Chrome hit Option, CMD, J, Firefox Command + Option + K.

Can someone purchase my art more than once?

RMRK is currently just an NFT baked into the blockchain and doesn't have any chain logic.

We're aware of the possibility that two or more people can make transactions in the same block, which can cause them to lose money. At that point, we rely on the artist to refund the money or mint the same NFT as a token of appreciation.

Kusama/KSM

Kusama is a pre-production environment for the Polkadot network. "They share the same underlying architecture: a multichain, heterogeneously-sharded design based on "Nominated Proof of Stake (NPoS)" Consensus. $KSM is the coin used for interacting the Kusama network.

Why did you choose to build on Kusama/Polkadot and not Ethereum?

We believe that costs for actions on the Ethereum mainnet will to continue to increase along with its enviornmentally damanging PoW. A more detailed answer can be found hereopen in new window

How can I sell/buy KSM?

You can sell or buy KSM (with any currency depending on the exchange) through Binanceopen in new window, using our RAMP network integrationopen in new window and Bybitopen in new window.

How do I set my Identity?

What is Existential Deposit (ED)?

On the Polkadot network, an address is only active when it holds a minimum amount, currently set at 1 DOT (and 0.0000333333 KSM on the Kusama network). This minimum amount is called the Existential Deposit (ED).

The ED exists so that accounts with very small balances, or completely empty, do not "bloat" the state of the blockchain in order to maintain high performance and to reduce fees. The existential deposit as of this writing is 0.0000333333 $KSM but be sure to keep at least 0.1 $KSM in your wallet avoid consequences.

What are the transfer fees on Kusama?

The cost of transferring KSM is dynamicopen in new window. Currently, the minimum cost of transferring KSM is 0.01 KSM (the base fee). Although, this can be changed via governance.

Milestone 2

Can I use this in AR/VR?

We are exploring possibilities, we actually plan to actively research on this in our milestone 2.