What is FANG?
FANG is a new NFT platform that is part of the Saitama token ecosystem. Our ultimate goal is to create a simple and uncomplicated way to mint, sell and buy NFTs, while creating demand and accelerating the burn of the Saitama token.
Who can publish on FANG?
Our platform features both work by guest artists curated by FANG and work by FANG publishers. Anyone from professional artists to enthusiasts or newcomers are welcome to mint and publish their NFTs on FANG.
Why is this called FANG Beta?
We decided it was important to have a test run of the platform to get community feedback and work on improvements before launching the final FANG version to ensure we are putting out a competitive product that will appeal to artists, enthusiasts and newcomers.
How long will FANG be Beta?
We plan to release a final version soon. Depending on FANG users feedback we will remove or maintain the Beta status.
Will I be able to connect my SaitaPro to FANG?
Most definitely, FANG was designed to work seamlessly with SaitaPro. However, the Wallet Connect feature is disabled in the current version of the app and you will need to load your SaitaPro wallet in a compatible wallet (like Trust or MetaMask) in order to use it on FANG. Stay tuned for SaitaPro updates and follow us to learn when the feature is enabled.
Does FANG charge any fees to mint and buy NFTs?
You need to pay a gas fee to mint and buy NFTs, however this is not charged by FANG, it is a miner's fee paid for the Ethereum blockchain. FANG might charge an additional, variable percentage depending on the nature of the work you create. For example, for the licensing of the Saitama brand and intellectual property.
What's an NFT?
NFT stands for Non-Fungible Token and it is hosted on the blockchain. A token is a smart contract standard that exists on a certain blockchain, and every blockchain has different types of tokens. For example, the ERC-721 token is hosted on Ethereum.
Any digital item can become an NFT. Thus, you can create NFTs with collectibles, artwork, videos, and other files.
NFTs are encrypted in the blockchain which advocates their proof of origin and excludes the risk of ownership compromising. Through tokenization, you get digital proof of ownership over your artwork and brand which can be always traced back to the very creation of the NFT.
Transactions on the blockchain are secured from scams. Items cannot be deleted or lost since they’re hosted on the blockchain.
What is the difference between ERC-1155 and ERC-721 tokens?
ERC-1155 and ERC-721 tokens are pretty much the same except for they change the number of NFT copies you can create. With ERC-1155 you can create as many copies of a collectible as you want. With ERC-721 you create a one-of-a-kind NFT collectible.
So, if you plan to sell a thousand copies of an image, choose ERC-1155 and insert 1000 into the Number field, and the minting gas fee will be charged only from the sales of the first copy of the NFT. Choose ERC-721 if you wish to tokenize your art as the only copy. ERC-1155 is commonly used for game objects too.
What is minting?
Minting is the process of the creation of a non-fungible token on the blockchain. Blockchains charge certain minting fees as it requires gas expense on smart contract encryption.
Can I create an NFT on FANG and sell it later?
Yes, you can mint an NFT and keep it on the blockchain without sales until you decide how to further process or sell it.
Can I change the price of my NFTs on FANG?
You can change the price of your NFT at any time free of any charges. To change the price, indicate the new price on the collectible’s page and sign the signature request in your wallet.
What is Unlockable content?
As a content creator, you can create NFT collectibles with unlockable content. In this case, the NFT content will become visible only after you sell the NFT and transfer its ownership. Artists use this feature to enclose files of any type and format, including videos, secret messages etc. simply by entering a Dropbox or a Google Drive link.
How does royalty work?
A royalty can be applied for secondary and further sales of an NFT. When you mint an NFT, you can set a certain percentage as royalty for such sales. When you sell a piece to Buyer A, and they sell it to Buyer B at a new price, you will receive the royalty calculated from the secondary sales price to Buyer B.
Can I report art listed on FANG?
Yes, you can report art pieces and collectibles. To report, open an NFT’s page, click on the […] button and click on “Report”. A reported item will be sent for consideration to Saitama's compliance team.
What is a FANG Verified badge?
FANG Verified badges confirm that an artist or a collector have proven authenticity on the marketplace and show high activity in their profile. To verify an account, we consider a proven artistic background, valid social media presence, the amount and quality of NFTs minted, and the quality of communication with other platform participants.
How do I become a FANG Verified artist?
The only way to get verified is via a verification application form. To apply, go to the “Edit Profile” page, scroll down and click on “Get Verified” at the end of it, and fill in the given form. After you submit the information, the FANG team will review the application and contact you as soon as possible to verify your status. If the data matches your profile you will be granted a Verified badge.