Frequently Asked Questions — GM

What is Ghostmarket?

GhostMarket is the most powerful cross-chain Non-Fungible Token (NFT) marketplace in the world! It sports a comprehensive selection of features wrapped in a gorgeous and intuitive user interface.

GhostMarket features fully trustless NFT trading facilitated by smart contracts on each integrated blockchain. One of its most powerful and innovative features is it’s self minting platform. Minting NFTs on GhostMarket allows artists and developers to create NFTs where they control the royalty percentage, attributes, locked content and more. One of the main attractions of GhostMarket is the vast array of amazing artists, musicians and game developers creating digital masterpieces on the marketplace.

What is an NFT?

NFTs, or Non-Fungible Tokens, are unique digital items that have the potential to revolutionize the way artists, musicians and game developers distribute content. NFTs differ from traditional blockchain coins and tokens like Bitcoin because they are unique, rare and authentic. These characteristics make NFTs attractive to collectors as they can represent various forms of media, for example:

  • Digital artwork
  • An in-game item
  • Crypto collectibles
  • Exclusive music releases
  • A ticket to an event
  • …and so much more

The NFTs being minted on GhostMarket are unique in that they are able to hold both ROM and RAM data. These storage options enable artists and developers to program a royalty parameter into their NFTs, aiding financial sustainability for the artists as they will receive a percentage from every second hand sale of the NFT.

What does NFT “minting” mean?

Minting an NFT is the process of naming, describing and creating your NFT.

How do I “infuse” an NFT ?

To infuse your NFT click the Infuse NFT with Asset button and choose how much and which asset you want to infuse (BNB, ETH, SOUL, NEO etc). When you first mint an NFT you can only infuse it with fungible tokens like SOUL or ETH. To infuse your NFT with another NFT, first mint your NFT then click the NFT and go to the Infusion Section.

What is CROWN NFT?

CROWN is a Phantasma exclusive Smart NFT that gives a power boost to increase your KCAL generation (Phantasma Energy) when you stake Phantasma’s native token SOUL. On top of that, long term Soul Masters (stake 50k SOUL) earn a CROWN NFT every 90 days which contains infused assets (SOUL and KCAL). You can either burn the NFT to unlock these assets, or you can use its first special power which is to add 5% to your KCAL generation rate by holding the CROWN in your wallet. Each CROWN boosts your KCAL generation rate by 5% and up to 100% if you have 20 CROWN in your wallet.

Where can I buy CROWN NFTs?

CROWN — CROWNs can be purchased on GhostMarket.

I am a collector — How do I get started?

  1. Get Wallet — GhostMarket makes it easy for users to shop on the marketplace by connecting with their current GhostMarket compatible wallet. GhostMarket continues to expand its cross — chain functionality and has thus far integrated the Binance Smart Chain (BSC), NEO and Phantasma blockchains.
  2. Connect Wallet — Bookmark GhostMarket.io and connect your wallet. From the navigation bar click Account > My Wallets > Add Wallet and add your choice of supported crypto wallets.
  3. Your wallet will ask you to give the GhostMarket dApp access to your wallet — click yes.
  4. Buy Crypto — Before starting your collection you need to add funds to your wallet. GhostMarket.io allows you to purchase crypto with fiat via your credit card. From the navigation menu click Buy Crypto and enter the amount of crypto you want to buy in your nations currency. GhostMarket offers the following cryptos for purchase: BNB, BUSD, ETH, USDC, NEO, SOUL and KCAL.
  5. Get access to rare and exclusive digital masterpieces by amazing artists via their verified artist profiles and explore all the NFT assets in the marketplace.

I am a creator — How do I get started?

  1. Get Wallet — GhostMarket makes it easy for users to shop on the marketplace by connecting with their current GhostMarket compatible wallet. GhostMarket continues to expand its cross — chain functionality and has thus far integrated the Binance Smart Chain (BSC), NEO and Phantasma blockchains.
  2. Connect Wallet — Bookmark GhostMarket.io and connect your wallet. From the navigation bar click Account > My Wallets > Add Wallet and add your choice of supported crypto wallets.
  3. Your wallet will ask you to give the GhostMarket dApp access to your wallet — click yes.
  4. Buy Crypto — Before starting your collection you need to add funds to your wallet. GhostMarket.io allows you to purchase crypto with fiat via your credit card. From the navigation menu click Buy Crypto and enter the amount of crypto you want to buy in your nations currency. GhostMarket offers the following cryptos for purchase: BNB, BUSD, ETH, USDC, NEO, SOUL and KCAL.
  5. Click Create NFT in the navigation bar to take you to the uMint interface.
  6. Upload your file, this should be less than 25MB and can be any one of the following types: webp, mp4, png, jpg, jpeg, gif or svg.
  7. Give your NFT a name, description and type (art, music, game, book etc.).
  8. Set your Royalties percentage that the creator will receive for each resale of the item. Also, set the Quantity and Max Supply of your NFT.
  9. To infuse your NFT, click the Infuse NFT with Asset button and choose how much and which asset you want to infuse. (ETH, SOUL, NEO etc.).
  10. To list your NFT click the Marketplace Listing button and set your price much and the asset you want to receive your payment in. (ETH, SOUL, NEO, etc.).
  11. To add secret content to your NFT, click the Locked Content button. Locked Content is a URL or code that only the NFT owner has access to.

Can I create an NFT on GhostMarket without putting it on sale?

Yes, you can decide to activate a marketplace listing directly or to create the NFT without listing it — it is up to you if you decide to sell it or not, either now or later.

Can I change the price of an already created collectible?

Yes, you can change the price by cancelling the listing and listing the item again with the new price.

How do programmable royalties work?

Whenever you create a collectible you can set a certain percentage as a royalty for secondary sales. If someone buys your creation and sells it to another collector later the programmable royalty system is activated. As the original content creator you receive a percentage of each subsequent sale.

What is “Locked content”?

Locked content is a URL or code that only the NFT owner has access to.

What does “burn a token” mean?

Burning a token means that this token is taken out of circulation because it is sent to a burn wallet to which no one has access, guaranteeing it will never get into circulation again. Assets infused inside an NFT can be retrieved via the burning process.

How do I become a verified artist on Ghostmarket?

Have multiple original works of art listed on GhostMarket, link to those from your socials (ie post about it on your Twitter etc), have a named account and contact GhostMarket.io with links to socials, artworks on other marketplaces.

Taking NFTs to the next level,

GhostDevs

GhostMarket socials

Website: https://ghostmarket.io

GhostMarket Telegram: https://t.me/ghostmarketio

GhostMarket Art Telegram: https://t.me/GhostmarketArt

GhostMarket Music Telegram: https://t.me/GhostmarketMusic

GhostMarket Photos Telegram: https://t.me/GhostmarketPhotography

Twitter: https://twitter.com/ghostmarketio

Discord: https://discord.gg/THHTS4F

Medium: https://medium.com/ghostmarket

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The Writer's Lounge

The Writer's Lounge

A happy collective of blockchain aficionados — dedicated to educating the masses, one article at a time