Sunday, February 6, 2022

Is Topshop on UNiDAYS? Where can I get the best price on tires?

Is Topshop on UNiDAYS?

Where can I get the best price on tires?

What does a CVS ExtraCare card do?

How do I avail student discount on flight booking?

How can I check my Walmart gift card balance without a PIN?

How much is the student discount at HelloFresh?

How often does Sephora do 20% off?

How do I get Woolworths vouchers?

Does AARP offer a U-Haul discount?

How can I use my Amazon gift card in India?

Is Calm app no longer free?

Is Topshop on UNiDAYS?

Yes, you can get a 10% Topshop student discount. To qualify, simply sign up online and verify your student status with UNiDAYS or Student Beans.

Where can I get the best price on tires?

Generally speaking, you'll find some of the lowest prices at Walmart and Discount Tire Direct, while Tire Rack offers the biggest selection. Sam's Club, BJ's Tire Center and Costco offer some of the best overall tire-buying experiences including low average prices, free services and convenience.

What does a CVS ExtraCare card do?

The ExtraCare Health Card is a program from CVS Caremark and your employer that gives you 20 percent savings on thousands of regularly- priced CVS/pharmacy Brand health-related items valued at $1 or more.

How do I avail student discount on flight booking?

A: You will be required to submit your Valid ID to avail student fare discount for all domestic flights. Students with age 12 years and above are required to provide their valid school/university/institution issued ID Card at the time of checking in at the airport.

How can I check my Walmart gift card balance without a PIN?

You can also check your Walmart gift card balance from your phone:Call 1-888-537-5503 to check balance.Provide the plastic gift card number or the eCard number for your Walmart card.

How much is the student discount at HelloFresh?

HelloFresh offers a student discount of 15% off plus free shipping any box subscription.

How often does Sephora do 20% off?

When is the Sephora 20% Off 2021 Sale? Sephora VIB Rouge members can expect the 20% off sale on most items every April, August, and November. These 20% off Sephora discounts come during the Spring Bonus, Summer Bonus, and Holiday Bonus.24-Jan-2022

How do I get Woolworths vouchers?

Featuresyou will receive an SMS with your electronic voucher code.go in store to customer service and present your SMS and ID (food stores you will go to the till point)Woolworths will confirm that the name in the SMS matches your ID and then load your voucher onto a physical gift card.

Does AARP offer a U-Haul discount?

AARP discounts Save up to 20% on Sunday–Thursday truck rentals and 10% on weekend reservations with your AARP membership number. Unfortunately, no other large moving truck companies—like Penske and U-Haul—or self-storage companies offer discounts to AARP members.

How can I use my Amazon gift card in India?

Here is how to redeem an Amazon gift card:Go to the Amazon app on your phone.Now find the claim code.Then go to Redeem a gift card.Enter your claim code and select Apply to Your Balance.

Is Calm app no longer free?

Free vs. After the free trial ends, access to the full library is $14.99 per month or $69.99 per year. If you pay for the year in full, it comes out to $5.83 per month, which is more affordable than other meditation apps on the market. For teams of five or more, Calm offers a 15 percent discount.

Does Matalan take blue light cards? Are Best Buy gift cards reloadable?

Does Matalan take blue light cards?

Are Best Buy gift cards reloadable?

Why do companies give employee discounts?

Do Argos gift vouchers expire?

Does Outback offer a senior discount?

How do I find highly discounted items on Amazon?

Can I use my CVS Caremark card at any pharmacy?

Can anyone use the Apple education discount?

How old is a child ticket at the Light cinema?

How do you use a Walmart e gift card?

How do I put money on my Leap Card?

How cheap is insulin at Walmart?

Does Outback give a senior discount?

Can you stack Advance Auto rewards?

Does Matalan take blue light cards?

Why we Matalan Websites like Blue Light Card and Health Service Discounts are great but it's hard to know which ones have the best offer. In other words you don't need to check multiple websites to find the best code or promotion.5 days ago

Are Best Buy gift cards reloadable?

Best Buy gift cards are not reloadable. Once the value of the card is depleted, the card is no longer valid. However, we recommend keeping the gift card until you are certain that items purchased with the card will not need to be returned.

Why do companies give employee discounts?

Perk for Employee Recruitment The lure of a special discount on items from the company store is a perk that employers offer when hiring new employees. This perk, offered in combination with other employee benefits, helps make the employer's recruitment efforts more successful.

Do Argos gift vouchers expire?

Our physical Gift Cards are usually valid for 3 years, and our eGift Cards are usually valid for 2 years.

Does Outback offer a senior discount?

10% off Senior Discount Outback Steakhouse Senior Discount: 10% off lunch and dinner at participating Outback Steakhous locations in the US. Offer valid for AARP members. Not valid for online orders.

How do I find highly discounted items on Amazon?

Find Amazon Hidden DiscountsSearch for an item or product in Amazon's main search bar.To see items discounted 50%, add &pct-off=50- to the end of the search link. This will work for any discount amount, and you can also express a range. You might need to play around with the discount amount to catch the best deals.

Can I use my CVS Caremark card at any pharmacy?

Yes. There are more than 68,000 participating pharmacies in the CVS Caremark retail network, including but not limited to CVS retail stores. In the U.S., you may fill your prescription at a participating retail pharmacy by providing your new CVS Caremark prescription ID card to the pharmacist.

Can anyone use the Apple education discount?

Save big on Apple products On Apple's official store page, its Education pricing is open to “all current and newly accepted college students and their parents, as well as faculty, staff, and homeschool teachers of all grade levels.”

How old is a child ticket at the Light cinema?

4.5. 1 We offer baby-friendly screenings for parents and their children under the age of 1 year old. There must be one adult (parent or carer over 18 years old) to each child and a maximum of 2 adults per child. No children over the age of 1 are permitted for legal reasons.

How do you use a Walmart e gift card?

How To Redeem A Walmart eGift Card. When checking out online, enter the gift card number and PIN. If you aren't using the full balance on the card, save the eGift card as one of your payment options. When at the register, redeem your Walmart eGift card by showing the barcode on your digital device.

How do I put money on my Leap Card?

You can top-up your TFI Leap Card online. Click on the “Top-up” button and enter your Leap Card number, select top-up amount and load location. Make payment by debit/credit card and collect your Travel Credit or ticket at either a TFI Leap Card outlet or another nominated load location.

How cheap is insulin at Walmart?

The medicine will cost between 58% and 75% less than the current cash price of branded insulin products for uninsured patients, Walmart said. More than 3 million Walmart customers are diabetic, and the retailer already offers human insulin to them for about $25.

Does Outback give a senior discount?

10% off Senior Discount Outback Steakhouse Senior Discount: 10% off lunch and dinner at participating Outback Steakhous locations in the US. Offer valid for AARP members. Not valid for online orders.

Can you stack Advance Auto rewards?

Only one Speed Perks can be used for in-store purchases. For online purchases a promotion code and a Speed Perks reward may be used during check out. Members still must meet the minimum purchase redemption requirement.

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Tuesday, January 25, 2022

How do I sell NFT without a fee

The NFT set is a collection of NFT images that are linked to each other by some attributes, but each piece is different from the other, for example: images of a monkey character, but with different expressions, different clothes and backgrounds…

How do I sell NFT without a fee

NFT stands for “non-fungible token”.

In economics, a fungible asset is something whose units can be easily exchanged, like money.

NFTs are “unique” assets in the digital world that can be bought and sold like any other asset, but they have no tangible form of their own.

Digital tokens can be considered certificates of ownership for virtual or physical assets.

How do NFTs work?

Traditional works of art, such as paintings, are valuable because they are one of a kind.

With NFTs, artwork can be “tokenized” to create a digital certificate of ownership that can be bought and sold.

As with crypto-currencies, a record of who owns what is stored on a shared ledger called a blockchain.

The records cannot be tampered with because the ledger is maintained by thousands of computers around the world.

NFTs can also contain smart contracts that can give the artist, for example, a share of any future sale of the token.

People are paying millions of dollars for tokens?

Yes. It’s as wild as it sounds.

What is the value of NFTs?

In theory, anyone can tokenize their work to sell as an NFT, but interest has been fueled by recent multi-million dollar sales titles.

On February 19, an animated gif of Nyan Cat – a 2011 meme depicting a flying cat in the shape of a pop-tart – sold for more than $500,000.

A few weeks later, musician Grimes sold some of her digital art for more than $6 million.

The man who forgot the password to his $240 million bitcoin account
It’s not just art that’s being tokenized and sold. Twitter founder Jack Dorsey promoted an NFT of the very first tweet, which was auctioned for $2.5 million.

Christie’s sale of an NFT by digital artist Beeple for $69 million set a new record for digital art.

But as with crypto-currencies, there are concerns about the environmental impact of maintaining the blockchain.

What is the NFT collection ?

The NFT set is a collection of NFT images that are linked to each other by some attributes, but each piece is different from the other, for example: images of a monkey character, but with different expressions, different clothes and backgrounds…

LAW NFT generator- Create an nft collection

What do I need to create my own NFT collection?

You need three basic things:

  1. Good idea
  2. Create your own layers, for example, let’s say the idea is a face with glasses. You will need layers for the background in different colors, layers for the faces of different colors, and layers for glasses with different colors or shapes.
  3. Then you will need to merge the layers (from the previous step) with each other to get all the possible combinations, (for example, if we have 10 different layers in all the background, faces and glasses, then after merging we will get 1000 different combinations of images, each one distinct from the other) and here you will need a tool You do this work quickly and effectively,

here you are between two options:
either program the tool yourself to do the work, or use a ready-made tool and here we warn against using tools outside your device such as using unreliable Websites because this may cause your photos to be stolen and may be sold to third parties, and from our side We recommend using the LAW NFT tool because it gives good results and works on your computer without the Internet to avoid any leakage of your photos.

Now your Collection is ready to use/mint/sell.

What does it mean to mint NFT?

In simple terms, Minting NFT refers to the process of turning a digital file into a crypto collectible or digital asset on the Ethereum blockchain. The digital item or file is stored in this decentralized database or distributed ledger forever, and it is impossible to edit, modify, or delete it. As is the process of creating fiat coins, when a manufacturer mints a physical coin, the process of uploading a specific item onto the blockchain is known as “minting”.

How much does it cost to mint an NFT on OpenSea?

OpenSea NFT is currently the first and largest NFT marketplace, and is currently the most economical way to mint NFT tokens, because it does not require users to pay transaction fees or gas fees every time they create other NFTs.

Most consumers are satisfied, and recognize that the initial investment is worth it!

Top 10 NFT Art Makers

1. NightCafé


This NFT art maker is one that leaves you in wonder. Using AI-powered technology and machine learning the platform creates transcendent images that create awe. Create, manage, and view your artwork across devices and use their unique creation tools for art that stands out.

They have a ‘bulk create’ option that helps you create hundreds of art pieces within minutes. Great, right? There’s more! All this artwork is code-free, which means it’s easy for you to ‘get behind the scenes’ per se and take actual control over your work.

With the free version, you can create up to 2 artworks per day, but this NFT maker app is so powerful that you will definitely want the upgrade. The most popular option they have is to convert text to images or videos! You can also transfer styles to combine two of your favorite pieces for a truly unique finding.

  • Night café manages your NFT artwork across devices and offers you a bulk creation option without any coding.
  • You can have fun with hundreds of unique filters and tools that the AI offers for NFT.
  • The free version of Night café allows you to create only 2 art pieces a day, so you must eventually buy a paid subscription.

2. SketchAR


Another NFT generator is SketchAR. They transform digital art into NFTs, instead of helping you make NFT digital art like the previous app. Why this one is so unique is because you can create NFT art, share it with people, and learn how to be better. SketchAR picks the top artists every week and converts their work into NFTs for free.

This is very motivating for young artists that want to hop onto the digital art revolution while also creating a secure future for themselves that stems out of their passion.

  • You will have a merged AR and AI experience while creating art on your images using Sketchar.
  • Sketchar offers step-by-step guides and drawing courses to its users for free.
  • The images are sometimes shaky, and the filters make them a bit dark.

3. NFT Art Generator

NFT Generator Art

If you’re looking for an NFT maker online, this one is great. You can create your art, decorate your collection, sell it, and create a community. You can create NFTs of gif, png, and mp4 formats so there’s a wide arena for you to explore your talents.

You can work on your artwork using multiple layers just like in other software that digital artists use to create digital art. When you log onto the website, it takes you directly to the workspace where you can begin combining different layers to create unique illustrations. The UI is straightforward and easy to use, so if you’re a beginner, you won’t have to worry about a very steep learning curve.

  • NFT Generator Art allows you to generate NFT in multiple formats, including PNG, GIF, and mp4, that you can sell and create a community online.
  • The website of NFT Generator Art is relatively straightforward, and you can get the hang of it in no time.
  • The illustrations and graphics are limited compared to other NFT creators.


NFT Maker io

Maker.IO is connected to the Cardano blockchain. Essentially, it allows you to trade NFTs using ADA, except that a lot of the calculations and transactions are taken care of by the software. You only need to pay when you buy or sell NFTs and any fees you would have to pay are accounted for in the amount they would ask you to pay.

This makes it so much easier for beginners to enjoy the best of both worlds. Their feature of mass minting allows you to mint as many NFTs on the Cardano blockchain as you wish to, and stores all your data on IFPS servers.

Their target audience is companies, brands, and large-scale committed creators who wish to begin creating a digital legacy in this modern age.

  • NFT maker allows beginners to mint and sells NFT to big brands that are part of their target audience.
  • You can also trade NFT on NFT Maker using ADA while the platform takes care of all the transactions.
  • Trading of NFT is only possible with NFT Maker Pro, for which you will have to pay.

5. NFT Creator!

NFT Creator

To make NFT art easily on an iPad, NFT creator is the way to go. You can import your photos onto the app, add filers, fonts, graphics, and backgrounds to edit those photos. Its features are really hip and if your audience is younger, the backgrounds, filters, and graphics on this app are truly very contemporary.

Once you’ve finalized your art and exported it, you can sell it on NFT marketplaces of your choice.

This is quite an affordable option, especially if you pick the yearly package. Compared to how much you can potentially make by creating and selling NFTs, the subscription fee is a small price to pay.

  • NFT Creator offers you 1000+ background options, 1000+ fonts, and 100+ artistic filters and crypto graphics to add a painter's touch to your photos.
  • You can work very well on NFT Creator, even if your editing skills are not excellent.
  • You need to have iOS 13 and MacOS 11; otherwise, you won't be able to operate the app.

6. GoArt


The previous one really was for Apple users, but this one is for Android users. You can turn regular photos into stylish art by combining classic techniques from age-old artists. Imagine how cool an NFT would be of the most random thing you see on the street in 2022, made into an artwork that looks like it was made by Van Gogh.

Using advanced technologies, this app creates impressionable artwork that looks legit. What’s more, if you want, you can print those on a t-shirt and show off your talents to anyone that crosses you!

Of course, like any money-making idea, this one also requires a little bit of investment. This means you might need to make a few in-app purchases to unlock premium features and of course, nothing works out without you putting in the time. But there’s a reason this app is rated more than a 4 on 5 on Play Store.

Most consumers are satisfied, and recognize that the initial investment is worth it!

  • The extensive artistic filter range in GoArt loads and apply super-fast to your images.
  • The interface of GoArt is pretty simple and allows you to print your HD NFT art so that you can sell it.
  • You need to buy their subscription for premium templates after the 3-days free trial ends.



Do you want to be a part of the NFT movement but don’t believe you’ve got a creative bone in your body? Even if you’re not very imaginative and don’t have those artistic ideas that other people seem to, NFTs can still be for you. All you have to do is find an NFT maker online. creates amazing art combinations for you.

All you have to do is upload an image, define layers, and leave it up to the software to do the rest. You can choose to make a personalized NFT, or even enlarge NFTs without worrying about the quality of the image. Want to create an NFT out of an old picture? You can also sharpen old pictures so that their quality is top-notch, while the integrity of the subject captured is appreciated better.

  • You get to use AI Spark writer, a feature of Hotpot, to give new artists ideas and inspirations for NFT creation.
  • Hotpot offers monthly passes for unlimited art creation and covers all those who can’t afford to pay.
  • The quality of the images that you turn into NFT needs improvement.

8. NinjaFT


This NFT maker is linked to the Binance BlockChain and allows you to trade on it. Available on iOS and Android, NinjaFT is one of the world’s finest. There are a bunch of templates you can choose from, and it is amusing to experiment with. With the easiest UI, you should have no trouble creating NFTs.

But if you still have trouble, NinjaFT is one of the few that really made the effort to engage more audience and get more people involved in NFTs. You can join their discord, where you can learn a lot more, network, and get started on the NFT trading journey.

Trading cards with NinjaFT is so much fun, it can almost become a hobby and remind you of your childhood, as it has for many users. You can also create custom gifts and surprise special ones.

  • You can enjoy hundreds of fun templates, NFT packs, and NFT minting even if you have iOS 11.
  • Ninja NFT offers you fun giveaways and exclusive items only for checking in the app every day.
  • You can create unique designs using Ninja NFT, but you will have to purchase them.

9. VoxEdit


This NFT art generator allows you to sell NFTs on Sandbox’s marketplace. In the Sandbox metaverse, you trade with $SAND tokens while exchanging NFTs. It fuses a modeling editor with an animation system, which is a really cool feature, capturing an audience that loves bringing to life graphic images.

For voxel artists, this is the way to go, but even for beginners, the interface is easy to use and quick to get used to. As the creator, you get up to 95% of all transactions. Such a sweet deal!

  • You can create the most fantastic gaming visuals with VoxEdit features like modeling, animator, and block editor that give complete freedom to the artists.
  • You can view other artists' work on VoxEdit and purchase it as well.

VoxEdit has a 128-cube restriction that might not work for every artist.

10. Fotor


When you go to their website, the first thing that catches your eye is the line “Everyone can be an NFT artist”. Fotor makes it possible for people with absolutely no art skills to create NFTs using AI technologies.

All you’ve got to do is upload your image and choose an art style and the software does the rest for you. There’s no need for you to learn how to code, you only need to make your own layers and do some editing according to your tastes, which of course, can be as minimal or extra as you would like (artistic freedom, right?) and you’re good to go.

You don’t even need to create an account to be able to download what you’ve created, which definitely gives this one an edge over some of the other digital art generators we talked about before.

  • Fotor doesn’t require coding or any editing expertise to convert your photos to NFT and crypto art.
  • You get to experience plenty of designs, filters, editing, and effects options that you can use by doing a few clicks.
  • If you close the app by mistake without saving your art, Fotor will not autosave the state of your session.
Sorry, I forgot to send the answer hahaha

Discussion (18)

iih39354895 profile image

Hey @emanuelferreira. Thank you very much for the excellent explanation and effective solution.

After I upload/minting the items in to Openea with your scrpt how do I enter the price for them and listing them for sale. Maybe I missed something.

And if the idea is to do it on the interface of Opensea.
Do you know if there an option to list all the items at once (say 10K items)
i checked and i can't find an option like this.
thanks for the help!

iih39354895 profile image

:) U gave 'like' but what should i do? hhh

emanuelferreira profile image

Sorry, I forgot to send the answer hahaha

I'm searching for time to update the script to put the items to sell automatically and update the post teaching how to do it, you can call me in Twitter and I show to you how to adapt the script to put to sell

bikramgyawali profile image

Hello emanuel . This is a great content ever.
But i am stucked on uploadfile function the error is

TypeError: Cannot read property 'uploadFile' of null

const uploadImage = async (page: Page, file: string) => <
const elementHandle = await page.$("#media");
await elementHandle.uploadFile( images/$ );

what do you think the error is ?
Are the api endpoints are changed ?

emanuelferreira profile image

Hello Bikram, maybe the upload image selector was updated , so he dont find the file input, you can try use the dev tools to see the new upload image selector

bikramgyawali profile image

Thankyou Emanuel I came to the next error that is not included in this tutorial maybe you can help
so the thing i am doing is to sign the wallet signature of metamask , this step is not included here , So what I did is just made new instance of the metamask sign page

Exit fullscreen mode

Here the second child is the sign button on clicking that our item gets added to the Collection.
I need your help here and this is the only one tutorial all over the internet i can get.Thanks for that also followed you on github.
your help is greatly appreciated

bikramgyawali profile image

problem solved hahahh my blunder mistake . Thankyou Emanuel for this content
now i will be doing all the selling automation with likes hahahhaha.
I might be back here again for those coming errors hehe.

milanic profile image

Hi @emanuelferreira ,
All works fine, until a few days ago. Then the sign of login to opensea doesn't work any longer. But I could click myself the sign button.
But now, after all properties are inserted and clicking the 'create' button I get only the error from opensea: [401] Not authorized contract editor.

Can you confirm this. Is there a way to fix this?
Maybe they doesn't support test environments? Puppeteer always starts a browser with the hint 'Chrome is being controlled by automated test software'

OpenSea’s ecosystem allows its users to make transactions without worrying about privacy or security. In addition, it doesn’t cost you high fees. A 2.5 percent fee on sales is reasonableconsidering that some marketplaces could charge as high as 5 percent.

What are the pros and cons?

Let’s take a look at the benefits and disadvantages of using OpenSea.

OpenSea can be decentralized making transactions safe and nearly impossible to be scammed. Furthermore, it is easy to invest in NFTs even if you do not have prior experience or know-how in coding or blockchain. How To Do Nft Art

They also provide a variety of digital currency, making their platform one of the most popular NFT marketplaces. The platform’s low fees are also an excellent way for you to earn more income.

Although it’s decentralized and has one of the most diverse NFT collection, the service has limitations. OpenSea only accepts cryptocurrency as a payment. With no support for fiat and no support for transactions using currencies such as USD or Euros.

You will also need to establish a crypto wallet to either sell or purchase from the platform.

From the next screen, select the WalletConnect option if you’re using the Rainbow or Metamask wallets. Click on WalletLink if you are using Coinbase Wallet. Many other wallets are also supported by these connection options, so it’s worth researching each to see if your preferred wallet is usable.

Where can I sell NFTs?

New NFT marketplaces are sprouting up on a daily basis as hype around the technology continues to mount. In this section, we’ll go over several of the largest marketplaces online and discuss the unique focus of each one to help you make a more informed decision about where to list your first NFT.

An piece sold by EDM artist Dillon Francis on Zora

Zora is a marketplace built firmly around the idea that content creators should take back control of their work from the major platforms. Zora allows creators to mint images, videos, audio files, and even plain text documents. The marketplace recently opened up and is now accessible to all creators. Zora is positioning itself as one of the coolest destinations for NFTs and is already collaborating with major music artists like Toro y Moi, Mura Masa, and Yaeji. We also listed our own Kapwing Watermark here.


The home screen of NFT Marketplace Rarible

A selection of works on the Rarible marketplace

Rarible is one of the most accessible sites for creators and collectors looking to get into NFTs. This was the first site I used when getting started, and the platform makes uploading your content and creating an NFT as simple as posting a YouTube video. In a market filled with invite-only sites, Rarible is one of the only NFT destinations that allows new creators to start selling work from the moment they sign up. This openness leads to a grab bag of material on the site and their moderation of copyrighted and offensive uploads needs some improvement. Sales for work on the site vary widely with pieces going for anywhere from a few dollars to tens of thousands.


The home screen of NFT Marketplace SuperRare

SuperRare gears itself toward digital artists

SuperRare prides itself on being the NFT marketplace for digital artists. You won’t find memes, text posts, or simple sound effects for sale here. SuperRare’s collection is highly curated and the team has intentionally been slow to onboard new creators to the platform. The result is browsing SuperRare feels like stepping into an elite digital gallery. The site has a stunning selection of NFTs reflecting thousands of hours of artist effort. Prices can get pretty steep and new creators only accepted with an application.

Nifty Gateway

The home screen of NFT Marketplace Nifty Gateway

Nifty Gateway focuses on daily NFT drops that promote fomo

Nifty Gateway is a highly curated NFT marketplace with a distinct focus on digital collectibles. Nifty works with high profile artists and musicians like Grimes and Justin Roiland to release collections of limited edition NFTs. Nifty Gateway is one the only major NFT sites that accepts credit cards setting it apart from every other digital retailer in this list. Similar to SuperRare, the art on Nifty is typically pretty expensive and new artists will have to apply before they can post work on the site.


The OpenSea homepage features works from major creators and small artists alike

OpenSea was one of the earliest NFT marketplaces established and features a massive library of content with prices across the board. The site deals in all kinds of NFTs ranging from digital art to 3D collectibles and items used in video games. OpenSea is also completely open to newcomers making it easy to get started here. The site is extremely accessible to those new to NFTs and has one of the best experiences for browsing pieces that I’ve seen from a major marketplace yet. OpenSea is also the first NFT marketplaces to openly experiment with a free creation system for creators.

Behind the surge in transactions for buying and selling these crypto collectibles lies a well-organized NFT marketplace that takes care of all the trading activities of investors efficiently. Some of the well-known NFT selling platforms include Axie Infinity, Decentraland, OpenSea, NBA Top Shot, Rarible, Sorare, and SuperRare.

Some insightful statistics about NFT Marketplaces

  • The highest number of active NFT traders are on NBA Top Shot (46,835).
  • Crypto Punks leads in NFT trading volume with $3.97 million followed by OpenSea at $3.92 million.
  • The largest sales have been generated by NBA Top Shot marketplace (35,39,999).
  • The top 5 NFT marketplaces where there are a large number of crypto collectible traders are NBA Top Shot, Alien Worlds, Rarible, Axie Infinity, and Sorare.

OpenSea and CryptoPunks are the top 2 NFT marketplaces with the largest trading volume at 35.32% and 26.84% respectively. NBA Top Shot has a huge number of regular NFT traders (47,059) followed by AtomicMarket (18790). The other top NFT marketplaces are Rarible, Sorare, and Hashmasks ranked from 3 to 5 in the top NFT collections. According to data from DappRadar, there are 20 NFT marketplaces currently in the world.

What are the various revenue streams of an NFT Marketplace business model?

  • Listing fees – NFT marketplaces act as a hub for thousands of crypto collectibles developed by content creators. They categorize each NFT into different types and display them appropriately. The categories can be divided based on price, demand from investors, and recently added.
  • Transaction processing charges – Peer-to-peer transactions are executed while buying and selling digital collectibles on NFT marketplaces. The investors generally pay through the leading cryptocurrencies, stablecoins, and social tokens. The NFT selling platform imposes a transaction fee for each payment processed by the crypto investors. The transaction charges are imposed to pay off the gas charges for maintaining the functioning of the blockchain network.
  • Initial setup fees – This is imposed on content creators planning to list their first crypto collectible on the NFT marketplace. Every NFT selling platform is backed up with a predefined protocol and NFT developers need to pay a specific fee to move their digital collectible to the platform and list it for commercial sale.
  • Private sale – The NFT creator can finalize his/her sale as private and enter the details of the wallet address that is eligible to purchase the crypto collectible. The other cryptocurrency investors can view the details of the NFT but cannot buy it as the purchasing rights are restricted only to a specific investor. Since it takes some time for an NFT seller to find a prospective buyer, the NFT marketplace charges a fee for conducting a private sale of the digital collectible.
  • Selling multiple NFTs simultaneously – The content creator can opt to sell numerous crypto collectibles at the same time to several investors through a single auction. Whenever a new NFT is added for sale in the auction, the creator will have to incur fees for on-chain transactions and gas. In other cases, the NFT marketplace will charge a flat percentage on the final bidding price.
  • Minting fees – Minting charges are levied for registering the NFT (artwork, fashion accessories, games, sports goods, and trading cards) on the blockchain network. The content creators can pay fewer fees by minting crypto collectibles in groups instead of one by one.
  • Bidding charges – Interested NFT buyers have to pay a specific fee for bidding successfully for the crypto collectible sold on the NFT marketplace. They have to place their offer before the deadline after including details of the lowest price and highest price.
  • Affiliate Program – It is an exclusive program for partners of NFT marketplaces. The NFT selling platform charges a specific fee for offering various incentives like real-time sharing of statistics on the demand of crypto collectibles, for conducting airdrop and bounty programs, ensuring the instant creation of auctions, and HTTP API integration for filtering of information related to bids, digital assets, and wallet addresses.

Attract millions of cryptocurrency investors by launching an NFT Marketplace now!

The major expenses incurred by an NFT Marketplace

  • Maintenance of the blockchain network – NFT marketplaces are established on blockchain networks like Binance Smart Chain (BSC), Ethereum, Tezos, and TRON. To handle millions of trades and transactions, the NFT marketplace has to spend gas fees for the consumption of computing energy.
  • Auditing the smart contract – The self-executing program is the backbone of every blockchain network and functions based on predefined terms and conditions. The NFT marketplace has to regularly audit the smart contracts to keep them in good working order and prevent interruption of business operations due to technical bugs and vulnerabilities.
  • Safeguarding the unique crypto collectibles – Each NFT is distinct and the NFT marketplaces have to comply with different laws related to copyrights, intellectual property, and trademarks issued by regulatory authorities. Legal expenses help in eliminating issues like copyright infringement and counterfeiting.
Two popular “open” marketplaces are OpenSea and Rarible, where anyone can mint 2 and sell NFTs. On these marketplaces, there is no need to apply and get accepted – creators just connect to a wallet and mint the NFTs. Existing owners of NFTs can list their NFTs for resale.

NFT License Breakdown: Exploring Different Marketplaces and Associated License Issues

At least three different types of marketplaces facilitate the sale and/or resale of NFTs 1 . These include open marketplaces, curated marketplaces and proprietary marketplaces. Other variations do exist, however, and it is likely that other alternatives will be developed. This article will explain some of the differences between these types of marketplaces, highlight some of the varying license terms of these marketplaces and discuss why IP owners who license their IP for NFTs often are best served by developing their own licenses to be used in connection with sale of their NFTs.

1. Open Marketplaces

Two popular “open” marketplaces are OpenSea and Rarible, where anyone can mint 2 and sell NFTs. On these marketplaces, there is no need to apply and get accepted – creators just connect to a wallet and mint the NFTs. Existing owners of NFTs can list their NFTs for resale.

OpenSea, one of the first and largest NFT marketplaces, recently surpassed over $1 billion in cumulative NFT volume. 3 In early August 2021, OpenSea saw a trading volume of $95 million in just two days. That amount is about four times the volume it recorded for all of 2020. 4 On OpenSea, users can develop digital collectibles, their own smart contracts for games, art, domain names, virtual worlds, trading cards, and more using OpenSea’s item minting tool. OpenSea also allows users to post NFTs for sale that were not minted on its marketplace. Additionally, some other platforms are even set up so that when NFTs are minted on their sites, the NFTs are automatically listed on OpenSea’s marketplace.

Rarible is more focused on art assets such as books, music, albums, digital art, movies, photography, games, metaverses, domains, and memes. Rarible is one of the platforms with OpenSea integration – minting on Rarible can populate the NFTs on OpenSea. Users can view the collectibles they created on Rarible on OpenSea and manage the NFTs on OpenSea as well. However, unlike OpenSea, Rarible only lists NFTs that were minted on Rarible.

2. Curated Marketplaces

The second type of marketplace is “curated,” meaning that the platform determines which NFTs are allowed to be minted, posted and sold on directly its marketplace. Compared to an open marketplace, a curated marketplace is more limited and exclusive, requiring artists to apply and be accepted before being able to mint or sell NFTs in an attempt to keep fraud down and quality high. Some of the more well-known curated marketplaces include SuperRare, Foundation, KnownOrigin, Nifty Gateway and MakersPlace.

SuperRare’s marketplace focuses on a limited number of hand-picked artists. Though aspiring creators can submit an artist profile form, entry barriers are high. Artists must submit their work for approval before it can be minted and listed on SuperRare’s marketplace.

Foundation’s marketplace is community led, so artists invite new artists to join the platform and mint their NFTs. Creators can access the “creator invites” feature after selling their first NFT. Foundation also has OpenSea integration, so by minting on Foundation, the NFT can automatically be displayed on OpenSea.

KnownOrigin focuses on digital art. It is more difficult for creators to get accepted onto its platform. Artists submit their artwork in .jpeg or .gif format to the KnownOrigin gallery. As of April 2nd, 2021, applications are closed to creators.

Nifty Gateway offers crypto assets and art called Nifties. Nifty Gateway partners with top creators, brands, athletes and artists, so it is difficult to get accepted for crypto art – only famous artists, brands, and celebrity creators will be selected to use the platform. Collectors can even buy items for sale on OpenSea using Nifty Gateway and pay using a credit card.

MakersPlace also offers digital art. MakersPlace is invite-only, so an invited artist will fill out the creator application and sign and mint its NFT.

3. Proprietary Marketplaces

The third type of marketplace is “proprietary.” These platforms typically only offer NFTs created by the marketplace operator and usually do not facilitate the sale or display of other NFTs. Given that third-party creators are not invited to list NFTs on their sites, the exclusivity and scarcity of their NFTs often results in very high demand and high prices. In contrast to proprietary marketplaces, which only mint their own items, creators on other marketplaces retain the rights to the IP underlying their NFTs. This is because marketplaces that permit minting on their platforms are merely facilitating the creation of the NFT, but are not developing the actual artwork. Another distinguishing aspect of proprietary marketplaces is that some offer their own online “Showcases” where users can display their collection of the marketplaces’ NFTs. While OpenSea similarly allows users to display their items on its marketplace, the Showcase is not OpenSea’s proprietary collection, so it contains NFTs with other third party IP. Some examples of proprietary marketplaces include Top Shot, Vee Friends, and Bored Ape Yacht Club.

On Top Shot, users buy NFTs representing NBA video highlights as a form of digital collectibles. Top Shot’s NFTs are licensed by the NBA and minted on the Flow Blockchain.

Vee Friends is an NFT project created by Gary Vaynerchuk, a well-known social media influencer. An interesting aspect of Vee Friends is that all NFT owners get access to VeeCon, which is a multi-day event exclusively for NFT holders. The fact that the Vee Friends NFT functions as both an art and collectible and has additional benefits provides an example of how NFTs can represent more than just ownership of a digital asset. Rather, they can provide additional utility. Each NFT has different levels of access and activities, which are managed through the smart contract associated with each NFT. Primary sales of Vee Friends NFTs are on its site, and the Vee Friends NFTs will appear on secondary marketplaces like OpenSea and Rarible for resale purchase. Vee Friends are minted on the Ethereum Blockchain.

Bored Ape Yacht Club is another successful NFT project. The initial sale on its platform is currently sold out, but on OpenSea, as of September 2021, the total volume traded for Bored Apes is 143.5K ETH, which is around $531M (assuming ETH is at $3,700). Like Vee Friends, the Bored Ape NFT doubles as a Yacht Club membership card, and grants access to member-only benefits. BAYC NFTs are also minted on the Ethereum Blockchain.

NFT-Specific Marketplace License Terms

The license terms on the various marketplaces vary based on the type of marketplace, the business model and other factors. The following summarizes examples of some of the standard terms commonly used across the NFT marketplaces, regardless of business models. All of the relevant standard terms for electronic marketplaces in general should be included as well (i.e., age restrictions, privacy, user conduct, DMCA, and user feedback), but the focus here is to highlight how the NFT-specific issues are addressed by these marketplaces. It is important to note that often the terms are designed to protect the operator of the marketplace. As detailed below, the terms often do not fully address the protections needed by the owners of the IP in the underlying digital asset associated with the NFT. Examples of terms that will impact those operating under NFT marketplaces include the following.


The terms will typically begin with a general overview of the scope and applicability of the terms. In general, the terms govern the access to and use of the marketplace platform. The terms also function as a binding legal contract between the marketplace operator and the user and govern the user’s activities on the marketplace. Depending on the type of marketplace, some terms govern the creation, purchase, sale, exchange, and display of NFTs.

Account Registration

Nearly all NFT marketplace terms have a section relating to registering an account. Less than half of the marketplaces explored in this article require users to register accounts before using their platforms. These marketplaces – Top Shot, Nifty Gateway and MakersPlace – all allow payment on a credit card (except for auctions on MakersPlace)5 . The remaining marketplaces require users to link an electronic non-custodial wallet like MetaMask prior to using their platforms. For instance, to access their platforms and engage in transactions on their marketplaces, users of Vee Friends, KnownOrigin, Rarible, and SuperRare must install a compatible browser extension such as MetaMask. After connecting the external digital wallet to the platform, users can interact directly with the marketplace and may sign up for an account. An interesting point to note is that any NFT bought with an individual’s MetaMask is automatically reflected on his or her OpenSea account. This is because when users link their MetaMask wallets to OpenSea, their OpenSea accounts reflect the items held in their external digital wallets.

Linking a Digital Wallet

For marketplaces that require users to set up a digital wallet to purchase NFTs, the terms typically provide instructions on how to connect to a browser extension and/or digital wallet. Most NFT platforms allow users to link any supported electronic wallet (a Flow-compatible browser for Top Shot or an Ethereum-compatible browser for Ethereum-based NFTs). Nifty Gateway and MakersPlace do, however, allow users to log-in or sign-in to their accounts on their platforms without a digital wallet and then purchase NFTs with credit cards. Foundation requires users to connect to a specific MetaMask browser extension. If a marketplace’s transactions are all conducted on Ethereum, the terms will specify that users must connect to a supported Ethereum wallet application. 6 MetaMask is the most popular Ethereum-based electronic wallet and Ethereum web browser plugin. The terms may also include a statement notifying users that their public wallet addresses will be made publicly visible on the blockchain whenever they engage in transactions on the marketplace. 7 The ramifications of setting up a digital wallet are discussed below in connection with the business considerations.

Ownership of Platform IP

The NFT marketplaces generally own their software and content (but not user content that is uploaded to their platforms). This term discusses ownership of the platform itself, and the marketplace will usually protect its ownership. The users’ rights only extend to accessing and using the platform. In this article, our focus is on ownership of the NFT’s content, not ownership of the platform’s software and content. In most cases, the content owner will be licensing the NFT to the buyer or user, not the marketplace. However, proprietary marketplaces typically do own the NFTs and the IP underlying the digital assets they initially sell.


To cover themselves, NFT marketplaces usually include an indemnification provision in which the user must agree to indemnify, defend, and hold harmless the platform (and its subsidiaries, affiliates, etc.) against any claims arising from the user’s breach of the terms, misuse of the platform, or violation of any laws / regulations in connection with accessing or using the platform. Many marketplaces’ terms will also include indemnification against any claim brought because of a violation of a third party’s rights (e.g., if a user uploads content to the platform that infringes a third party’s IP right).

Arbitration Process

Most NFT marketplaces will includes a provision on dispute resolution, which will state that any disputes arising under the terms or from the use of the marketplace are to be resolved by arbitration. Some marketplaces will specify that the resolution process does not apply to other claims, such as those by a copyright owner that its rights are being infringed through an NFT offered on the marketplace. In the event that arbitration will not cover disputes over the NFT, content owners can impose in their own licenses a requirement that the buyer arbitrates claims. However, arbitration may not be in the content owner’s best interest, as arbitrators do not have the power to grant injunctions or enforce payment of damages. Thus, if a buyer is infringing upon the IP owner’s rights, the content owner may want to consider seeking an injunction instead of arbitrating. Nevertheless, to the extent content owners want to have certain types of claims arbitrated between themselves and NFT purchasers, they can include an arbitration provision in their license if such a term is not already addressed in the marketplace’s terms.

The terms also generally address class action waivers in this arbitration section. OpenSea, MakersPlace and VeeFriends allow their users to opt out of the arbitration agreement, which may require users to only bring claims on an individual basis and not as a class member. In contrast, Nifty Gateway, Foundation, Rarible, SuperRare and Top Shot state (or imply) in their terms that users expressly waive their right to file a class action or seek relief on a class basis.

License to User and Creator Information and Content

Some platforms like KnownOrigin, Nifty Gateway, and MakersPlace state that they have a right to use the content users or creators upload for various purposes, including to display it on the platform, for promotional purposes, and in some cases, to create derivative works for certain purposes. The platform may also have a right to use and modify the creator’s name and image for marketing or promotional purposes. The promotional activities may include use of the content in digital galleries, promotions and events, and compilations. Foundation and SuperRare creators grant the platform a license to all minted works, which includes similar rights to promote the works on social media and visual environments, to create and distribute digital or physical derivative works based on the work, and storing, distributing, and reproducing one or more copies of the work within a distributed file system such as the InterPlanetary File System (IPFS).

Seller’s Representations 8

In most terms, minters / sellers / creators must make certain representations and warranties. The marketplaces will generally require that the seller be responsible for the accuracy and content of their creations, for respecting (and not infringing upon) the intellectual property rights of others, and for not coordinating pricing with other creators. This section will typically state that the creator is agreeing to mint only original works. In addition, the creator must have the authority to mint, display, and sell the work. Moreover, some marketplaces prohibit any behavior that would lead to unauthorized commercialization or counterfeiting of digital assets.

Rarity Representation

SuperRare and Foundation creators must agree not to mint multiple NFTs for the same artwork. This is one of the few restrictions on the content owner. Although the content owner may sell less of their NFTs, the guaranteed scarcity generally increases the value of each NFT. As a content owner using a marketplace, it is important that you are aware of any terms subjecting you to a restriction on what you can do in the future, and that you agree to abide by such terms. Content owners must make the personal business decision whether to agree to limit the number of NFTs they will ever mint for their work or to instead go mass market and sell as many NFTs as they can.

Affirmative Acceptance

Initial Purchasers: The introduction usually explains how users accept the terms (either by clicking “I accept”, accessing, using or transacting on the site / platform, or creating an account). With terms, just as with any other contract, there needs to be an affirmative acceptance. Typically, an initial purchaser must agree to be bound by the marketplace terms. As part of the terms, the initial purchaser usually gets ownership of the NFT but only a license to the digital asset associated with the NFT. Often, by accepting the terms, the initial purchaser agrees to be bound by the license terms from the copyright owner.

IP owners should ensure that there is a license, that the licenses applies, and that the license is clear on what the restrictions are so that buyers may abide by them. NFT buyers need to have notice of the terms, be given a means to accept the terms, or be bound by the license and its restrictions through some other legally binding mechanism.

Subsequent Buyers: A subsequent buyer of an NFT also needs to be covered by the same license that initially bound the first purchaser. However, the license may not automatically transfer. Although some marketplaces physically permit the NFT to be resold on a secondary market, it is unclear whether or how the NFT license is applicable to subsequent purchasers. Moreover, if an initial buyer merely sells the NFT directly to a subsequent buyer (as opposed to resale via a marketplace), there may not be an opportunity for the subsequent buyer to affirmatively accept the terms and agree to the license.

Copyright owners would be well advised to ensure that with any resale of an NFT, the license to the digital asset is binding on the subsequent purchaser. Ensuring the transferability of the original license with the NFT can help eliminate the lack of clarity and misunderstanding on the applicability of the license to the subsequent purchaser. Subsequent NFT buyers, in order to be both entitled to and covered by the NFT license, should determine whether the license is automatically transferable to them. Additionally, content owners who want their NFT license to be binding on subsequent purchasers may want to consider sound mechanisms by which the subsequent buyer becomes legally obligated to and bound by the license and the restrictions of the license (e.g., where the NFT can be displayed, prohibition on commercial uses, etc.).

Various techniques can be used to ensure both initial buyers and subsequent purchasers are aware of and bound to the license.

Initial Sale

One way to ensure the license terms are binding on the initial purchaser is for the copyright owner to ensure the marketplaces’ terms refer to the license and to ensure that the license terms are presented in juxtaposition to the NFT display on the marketplace. For instance, another approach (discussed in more detail below) is for a third party content owner to provide terms in juxtaposition to the NFT. The NFT listing can include a separate PDF attachment of the terms, which states that by buying the NFT, the purchaser is agreeing to the third party’s terms. This is an attempt to ensure that the user is affirmatively accepting the terms.

Subsequent Sale

Even if the initial purchaser is legally bound by the license, a question arises as to how a subsequent purchaser can be legally bound. Whether the NFT transfer is a resale on a marketplace other than the original marketplace where the terms were initially posted (which the first buyer agreed to abide by) or merely a wallet to wallet transfer, ensuring that the license terms persist through either transfer is critical. Content owners should be aware that just because the terms state that the buyer is bound, a subsequent purchaser could argue that they are not subject to the license terms if they are not aware or do not affirmatively accept them. 9 This is likely an issue that will be litigated in the near future. To avoid this uncertainty, it is best for copyright owners to take certain steps to increase the likelihood that the subsequent purchaser has notice and that the license is binding on subsequent purchasers.

The copyright owner can include various terms in the license that would help mitigate such risks. These terms could specify conditions upon which the license is transferrable, including, for example, that the initial purchaser must notify the subsequent purchaser of the license and indicate that the subsequent purchaser must agree to be bound for the license to transfer. We have often included other terms to bolster this position.

Another option is to embed a copy of or reference to the license in the metadata of the NFT. This is analogous to how open source software licenses are implemented. This arguably gives all buyers notice and permanently links the license to the digital asset.

Terms that Differ Based on the Business Model of the Marketplace

How to Become an Artist

A term that would typically be found in curated marketplaces such as KnownOrigin and Foundation relates to how artists can create their NFTs. This section will usually describe how users can apply to be an artist, mint and then sell their limited-edition or unique NFTs on the platform. The terms may also state the type of NFTs the marketplace offers, such as digital artwork, animations, audio, and photographs. Some marketplaces which are invite-only, like SuperRare and Foundation, clarify that an artist or creator must be invited and approved to mint and later list NFTs for sale.


One aspect of SuperRare, Foundation and Rarible that deviates from the norm among some of the marketplaces is that NFTs minted on SuperRare, Foundation or Rarible are automatically displayed and manageable on OpenSea.

Non-Custodial Service Provider

Depending on the business model of the marketplace, some terms specify the extent of the marketplace’s involvement in transactions. Many NFT marketplaces function as intermediaries and primarily consist of content created by their users. Some marketplaces are “non-custodial” (e.g., OpenSea, KnownOrigin, MakersPlace, SuperRare and Foundation) as they do not take possession of the NFTs. Their terms typically contain a clause that the platform is administrative only and merely facilitates transactions between buyers and sellers, but is not involved in the actual transaction between the parties. Thus where NFTs are transferred directly from the buyer to the seller, the platform terms seek to structure the contract to be directly between the buyer and seller. In addition to stating that the platforms are not the custodians of any user-owned digital items, some marketplaces, like SuperRare and Foundation, will also include an acknowledgement by the user that the site will not buy, sell, or have any custody, possession or control of any NFTs for the purpose of facilitating the transactions.

Proprietary marketplaces differ from open marketplaces because open marketplaces typically do not take custody of their users’ NFTs – these marketplaces only mint the NFTs for their content owners, transfer the NFTs to the creators’ wallets, and the content owners can then list their NFTs on the platforms. Open marketplaces usually avoid taking custody of NFTs because they do not want to directly sell the NFTs. Rather, they merely provide the service for sellers and buyers to use and transact directly.

The terms for Vee Friends vary for the initial sale and resale. The initial sale of NFTs on Vee Friends is sold by the platform and the agreement for sale is between Vee Friends and the initial purchaser. Secondary sales are directly from the initial purchaser to the subsequent purchaser and the site is not a party to the agreement but only facilitates the transaction.

Top Shot’s terms are similar to Vee Friends for the initial purchase on its site. Because Top Shot exclusively mints and sells its own NFTs, the platform is involved in the initial sale of the NFT. However, Top Shot’s terms state that any purchase or sale of a “moment” made, accepted, or facilitated outside of its marketplace is not within Top Shot’s control. Top Shot only allows users to purchase moments by buying the NFTs directly from Top Shot on its platform or by buying moments from other users on its marketplace.

Separate License Terms – Marketplace Licenses vs. Custom Licenses

Some marketplaces provide a “standard” license that applies to all NFT sales, while other marketplaces, like Rarible and MakersPlace, allow the minters of NFTs to apply a custom license to their particular NFTs. For example, MakersPlace provides a general limited license that applies “unless otherwise specified by the seller of the crypto asset in writing.” Therefore, the NFT itself may carry different license terms than the default terms set by the marketplace. Moreover, a marketplace’s terms may be silent on license rights (i.e., Nifty Gateway and OpenSea). For reasons stated herein, it can be confusing and may lead to issues if there is no clear license.

If a marketplace has a standard license that does not adequately protect a content owner’s IP rights, the content owner may want to consider creating a custom license for its NFT. OpenSea is the only marketplace examined in this article that lists NFTs minted on other platforms or by another third party. OpenSea’s terms state that third party content may be subject to separate license terms. In such an event, any third-party links may include license terms governing use of the NFT. The terms for the Vee Friends NFTs are visible on OpenSea. So a collector who buys a Vee Friends NFT on OpenSea will also have access to the separate terms attached to the NFT.

License to Current Owner and Effect of Transferring the NFT

The initial user’s license should terminate upon resale of the NFT. As mentioned above, content owners should ensure that the subsequent purchaser is bound by the original license. Some of the NFT marketplaces (i.e., SuperRare and Top Shot) include a Term that the limited license belongs only to the current owner of the NFT, and any transfer, sale or other dispossession of the NFT terminates the former owner’s rights and interest in the license and NFT. Assuming reasonable steps have been taken, the new NFT recipient will be subject to the terms. However, as previously discussed, a subsequent purchaser may not automatically be bound by the terms, including the limited license to the digital asset associated with the NFT.

One company’s licensing approach is to include the following provision in the first paragraph of its NFT terms: “The recipient of [Company’s] NFT, whether through an initial transfer from [Company] or a subsequent transfer or purchase, agrees to the [Company’s] NFT terms which can be found here: [LINK TO TOS].” This is intended to ensure that the company’s terms are properly conveyed to subsequent purchasers. Nevertheless, if the buyer does not have notice of these terms, the license may not be legally binding. Therefore, to further clarify the license and its restrictions on the purchaser, we recommend having separate license terms, requiring notice to any purchaser and embedding the license in the metadata of the NFT. Some form of affirmative acceptance also helps. This can help assure content owners that the limited license and buyer’s restrictions are included in the subsequent NFT sale to continuously and seamlessly effect the transfer of rights in the manner intended by the content owner

IP owners using a marketplace to create and list their content should ensure that they can apply their own licenses with certain restrictions in the event that the marketplace’s standard license does not sufficiently protect the content of copyright owners. Content owners may either choose to follow the alternative model mentioned above and attach separate terms to the NFT listing on the marketplace and/or embed the license terms in the metadata of the NFT.

Sample License Terms

In the discussion that follows, we will discuss key terms to consider including in the limited license, depending on the scope and extent of rights a content owner wants to grant to a buyer.

Scope of the NFT License

Given the potential for confusion in drawing a distinction between ownership of the NFT and a license to the content in the NFT, the marketplace terms and any content license should make this clear. Content owners have the ability to grant broad or limited rights and impose specific restrictions based on their individual needs and business model. There is no one right licensing model. However, all content owners should make clear in the license what a user can or cannot do, which is applicable to all the provisions discussed below. The following are some of the rights content owners may want to consider addressing in their licenses to protect their IP.

1. Display Right

It is important for content owners to specify what purchasers can do with the NFT. Users can generally display one instance of the NFT, but not for commercial purposes. On proprietary marketplaces, typically the user can only display the NFT on those platforms. Top Shot grants purchasers a limited license to display its NFTs on third-party marketplaces or websites only if the third party cryptographically verifies that it is the actual purchaser who has the necessary rights to display the NFT.

On SuperRare and Foundation, the creator grants the purchaser a limited license to display the underlying work; such right includes promoting or sharing the buyer’s purchase, ownership, or interest in the work (i.e., on social media platforms), discussing, sharing, or commenting on the work, displaying the work on third-party marketplaces, exchanges, platforms, or applications to sell or trade the NFT associated with work, and displaying the work within decentralized virtual environments.

2. Right to Copy

Some licenses permit the user to copy the NFT in a way that does not involve selling or using it for commercial gain. Some licenses do not grant the right to create merchandise from the digital asset, to issue / sell copies of the original digital asset, or to modify the digital asset underlying the NFT in any way. Some licenses may permit users to print a copy of their NFT’s art on a t-shirt or hat that the users intend to wear themselves or give to a small group of friends, to commission someone to paint a picture of their NFT art if the users put the painting on a wall in their home, or to make a video using the NFT art, but only if it is shared with family or a few friends.

3. Right to Sell

The limited license usually grants, in addition to the display right, the right to sell, trade, or transfer the NFT, as long as the buyer is not otherwise making commercial use of the digital asset.

4. Right to Store

The limited license may allow users to store their NFTs in a digital wallet. Some marketplaces store a user’s NFT on their platforms. There are several digital wallets (such as Metamask) and NFT marketplaces (such as Nifty Gateway) that store NFTs in multiple forms.

5. Right to Use

The license typically grants the user a limited license to use the content underlying the NFT, where it can be used either in a digital wallet, within the marketplace’s platform, or sometimes through a third-party platform.

6. No Right to Commercialize

In most cases, the limited license does not grant the buyer a right to commercialize the content. Typical licenses state: “your purchase of [the NFT] does not give you the right to publicly display, perform, distribute, sell or otherwise reproduce [the NFT] for any commercial purpose.”

Top Shot, Foundation, and SuperRare have similar provisions discussing this prohibition: “The collector / buyer will not modify the work, use the work to advertise, market, or sell a third-party product or service, use the work in connection with images, videos, or other forms of media that depict hatred, intolerance, violence or cruelty or infringes upon the rights of others, incorporate the work in a form of media for commercial purpose, sell merchandise that contains the work, or attempt to acquire intellectual property rights in the work.”

KnownOrigin’s terms state: “You (buyer) do not acquire any intellectual property rights in the Content, but instead you receive ownership (or title) of the Token. You have the right to display the Token and resell it to another person if you wish; the original artist of the Content does not give up any copyright in the Content, meaning that you cannot prevent the original artist from using the Content for further commercial work; and you have no right to use the content for commercial purposes.”

The terms for Vee Friends contain the following statement: “You further agree that you are not receiving any copyright interest in the VFNFT or its content, and indeed, you agree that Company may sell, license, modify, display, broadcast and create derivative works based upon your VFNFT or its content.” Vee Friends ensures its terms state that it will retain the right to create derivative works because Gary Vaynerchuk plans to utilize the NFTs in other markets.

One company’s NFTs include the Term: “Although the NFT itself is owned by the recipient of the NFT, the Artwork and Brand associated with the NFT is licensed and not transferred or sold to such recipient…license to access, perform and/or display the Artwork and Brand using the NFT, solely for your personal, non-commercial purposes… [Company] and its affiliates retain all right, title, and interest in and to the Artwork and Brand.”

This company’s license also states: “You may not use the Brand in connection with any product or service that is not [Company’s] product or service, or in any manner that is objectionable, likely to cause confusion or dilute, blur, or tarnish the Brand. All use of the Brand, including any goodwill generated by such use, shall inure to the benefit of [Company].”

As more famous brands enter the NFT space, it is likely that similar terms will be used in their NFT agreements.

Alternative License Provisions

Notwithstanding the above, there are situations in which the copyright owner elects to grant broader rights than those in the typical limited license terms above.

Some NFT marketplaces expressly grant the purchaser some rights to commercialize the work. One example of a platform that specifically permits commercial use is Bored Ape Yacht Club. BAYC grants the buyer of a Bored Ape an unlimited, worldwide license to use, copy, and display the purchased art for the purpose of creating derivative works based upon the art (i.e., producing and selling T-shirts displaying copies of the art).

Another license that grants broader rights is Dapper Labs’ CryptoKitties license. The purchasers of a CryptoKitty receive a license to use, copy, and display the Art for the Purchased Kitty for the purpose of commercializing their own merchandise that includes, contains, or consists of the Art for their Purchased Kitty, provided that such commercial use does not result in the purchaser earning more than $100,000 in gross revenue each year.

While there are instances of content owners granting purchasers broad use of their NFTs, the norm is restrictive. If content owners choose to permit broader use of their NFTs, they should be clear on what the uses are and what restrictions they are imposing on the buyer.

Other Rights

The owner of Vee Friends intends to utilize the content of his NFTs in other markets, like television. Some purchases of the Vee Friends NFTs include special experience opportunities, which are further described in the NFT’s “Experience terms.” This aspect of the Vee Friends NFT license deviates from other NFT agreements as it grants purchasers the right to be admitted to “VeeCon” in future years.

It is possible that as more companies begin entering the NFT space and releasing their own NFTs, such companies will also offer a physical experience (such as a ticket to an event) in addition to just the NFT. The fact that NFTs can be created to have functionalities in both the digital and physical world, as both a collectible and a certificate of some sort, is revolutionary, and we look forward to seeing how NFTs will be similarly utilized across industries in the future.

Royalty and Resale

All the curated marketplaces (including Rarible and Vee Friends) include in their terms a provision explaining fees and royalties on both primary and secondary sales. Royalties are completely automatic payments so creators (or proprietary marketplaces) can just sit back and earn royalties in perpetuity each time collectors re-sell their NFTs to another person at a higher price. Thus, the creator (or platform) is entitled to a continuing royalty even after the initial sale.

Vee Friends: The initial purchaser of a Vee Friends NFT pays all amounts due to Vee Friends, LLC. Subsequent purchasers pay all amounts due to the current holder of the NFT. Vee Friends receives 10% (royalty) of every subsequent sale of a Vee Friends NFT. When a Vee Friends NFT is sold on a third-party marketplace, the seller must include a statement in the description of the NFT that is substantially similar to: “10% Royalty Applies. See Vee Friends terms for details.”

KnownOrigin: KnownOrigin collects 15% of the total value of the initial transaction, and for all secondary sales that take place on its marketplace, a further 2.5% royalty fee for KnownOrigin and a 12.5% royalty for the artist. While most of the NFT platforms do not take a percentage of the resale cost for sales on secondary marketplaces, KnownOrigin does. For any secondary sales of such NFTs made on the OpenSea marketplace, KnownOrigin also receives a 2.5% commission of the total value of that transaction. KnownOrigin is unique in this regard.

Foundation: When NFTs are traded on Foundation in a primary sale, the creator receives 85% of the total sale price and Foundation collects the remaining 15%. For secondary sales on Foundation, the seller receives 85% of the total sale value, and out of the remaining 15%, the original creator receives 10% and Foundation collects 5%. Unlike KnownOrigin, Foundation does not collect fees, commissions, or royalties for transactions occurring outside of its marketplace. An interesting aspect of Foundation is “splitting,” which means a creator can share earnings with up to 3 other recipients. Everyone participating in a split receives funds from the primary market sale and also receives earnings for all secondary market sales in perpetuity.

Rarible: Sales on Rarible’s marketplace is subject to a 2.5% service fee payable to Rarible. With respect to secondary sales, Rarible is appealing to creators in comparison to the other marketplaces because commissions are set in the sole discretion of the creator. Artists minting on Rarible are allowed to select any royalty percentage they want to receive from lifetime re-sales, ranging from 0% all the way up to 100%. If a collector buys an NFT with a 100% commission, Rarible states in its terms that the buyer would be unable to collect any proceeds from a resale of that NFT on the Rarible Platform.

SuperRare: For primary sales on SuperRare’s platform, the artist receives 85% of the total sale price and SuperRare collects 15%. For subsequent sales in SuperRare’s secondary market, the artist receives a 10% royalty based on the total sale price which is paid by the collector who re-sells the NFT. As of July 2021, SuperRare also now has Collector Royalties. The first collector of a qualifying artwork will receive a 1% transaction royalty, paid from the SuperRare network fee, upon completion of the first secondary market transaction to which they are no longer a direct participant. This royalty will decay by 50% for each subsequent transaction until exhaustion (1% → 0.5% → 0.25% → 0.125% → 0.0625%, etc). Unlike KnownOrigin, but similar to Foundation, SuperRare does not collect fees, commissions, or royalties for off market transactions occurring outside of its marketplace. Notwithstanding the provision in SuperRare’s terms encouraging collectors to list their NFTs for sale on SuperRare’s marketplace, collectors are still permitted to sell or transfer their NFTs on third party exchanges.

Nifty Gateway: Nifty Gateway artists can set their own royalties, just like Rarible creators. For every sale of a Nifty on its platform, Nifty Gateway collects 5% plus 30 cents.

MakersPlace: MakersPlace takes a 15% commission of the total sale price from a primary sale, and the buyer pays an extra 2.9% fee if purchasing via credit card. For resales on its marketplace, MakersPlace takes 2.5% and 10% goes to the creator as a royalty.


All the marketplaces ensure that the NFT buyer agrees to pay all applicable fees associated with the transaction. Most NFT transactions are generally irreversible since they are conducted through either the Flow or Ethereum blockchain. As a result, the payments are collected automatically and no refunds on purchases are typically permitted. NFT marketplaces whose payments are conducted through a blockchain also have a Term that the buyer will need to pay a Gas Fee for each transaction that occurs on its platform. 10 Transaction fees that users are responsible for can vary significantly – high gas prices can reach up to $50 per transaction.

Payments can apply to either the initial sale or the resale of the NFT. Some of the marketplaces may not address payment in their terms, which can be problematic for content owners. Content owners should consider how they will get paid for their NFTs. In many cases, there is a direct wallet to wallet transfer of the NFT from the seller’s wallet to the buyer’s wallet and cryptocurrency from buyer to seller. This method of payment is typically managed through a smart contract. Thus, the initial sale price is paid directly to the content owner (and on a secondary sale, a portion of the resale price is paid directly to the seller and the remaining royalty fee is paid directly to the content owner). For this payment method, the content owner must be willing and able to accept cryptocurrency. This requires the content owner to handle the necessary crypto accounting and accept potential fluctuations in the value of the crypto unless immediately converted to fiat currency.

Another payment model is a typical reporting structure in which the marketplace receives the currency (whether in cryptocurrency or other form of payment) from the buyer, and sends a report and payment due to the content owner. The marketplace facilitating this transaction will typically charge a service fee, which may be taken from either the seller or the buyer. One risk of relying on the marketplace for payment in this way is that the marketplace may shut down or go out of business, therefore resulting in uncertainty whether the content owner will continue to receive royalty / resale payments.

If a marketplace’s payment structure pays the content owner directly in crypto, but the content owner wishes to accept a less volatile currency such as the USD, there are alternatives. Coinbase and BitPay are companies that offer a service (for a fee) where they accept the crypto and immediately credit the seller in USD or other fiat.

In sum, content owners can choose to be paid however they want, but they need the mechanism to accept cryptocurrency if that is the selected payment method. In such an event, content owners should understand how to manage a digital wallet, be aware of the volatility of cryptocurrency and the risk of loss if the cryptocurrency goes down in value, and be mindful of the tax and accounting implications for both regular income and capital gains on the value of the cryptocurrency being held.


The NFT market is just getting started, as the innovation is only in its infancy. Careful consideration of potential, forthcoming legal issues will be necessary as more industries begin to utilize NFTs. As content creators get more creative, as business models change and as NFTs represent more than static digital art, the licenses will evolve. The foregoing is just a snapshot of some of the licenses and license terms that are currently used. Even with these “basic” NFT license terms, there are many legal issues that may arise. It is likely some of the current licenses will lead to litigation. Companies getting involved with NFTs should definitely think through these and other issues that will arise and work with knowledgeable counsel to get ahead of the issues to come.

Co-authored by Molly Tomer, a Summer Associate in Sheppard Mullin’s San Diego (Del Mar) office.

1 NFTs, or non-fungible tokens, are digital tokens, the ownership of which gets recorded on a blockchain.

2 Minting is the process by which artists, creators or others on their behalf tokenize their work and create NFTs. The minting process uses smart contracts to create and, in some cases, manage aspects of the resale of the NFT.

5 Due to the structure of an auction, MakersPlace requires immediate payment if the bid is accepted. A credit card is not capable of having the verified and ready on-hand amount of funds to make an instant transfer between the buyer and seller. Because MakersPlace needs the funds already converted to Ethereum, MakersPlace only allows users to participate in auctions by linking their digital wallets on MetaMask. OpenSea similarly requires users to register for an account, but only if they are participating in an auction. Otherwise, users can just link their MetaMask to purchase, store, and engage in transactions using Ethereum cryptocurrency.

6 Once the NFT is minted on a certain blockchain, it is generally not compatible with other blockchains and typically cannot be moved to another blockchain network. However, future developments can potentially pave the way for cross-chain functionality or interoperability.

7 A third party could identify and link the public key to the individual purchasing the NFT and see what NFTs the purchaser owns.

8 This section would not apply to Top Shot, Vee Friends, and Bored Ape Yacht Club because as proprietary marketplaces offering their own NFTs, they are the sellers.

9 Whether such an argument would prevail is uncertain. The initial purchaser cannot grant to the subsequent purchaser greater rights than the initial purchaser has. Moreover, any use by the subsequent purchaser beyond the scope of the license could be a copyright infringement.

10 Gas Fees fund the network of computers that run the decentralized Flow or Ethereum blockchain network

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What if getting into NFTs while you had the chance, turned out to be the the best thing you've done all year? No, this is no 'magic pill' advertisement, we're talking about a specific and strategic formula.

If you want to take the guess work out and know exactly how to profit from NFTs, then it is important to do in depth research into the projects you are looking at.

If you want to roll the dice and play the guessing game then that’s up to you.

If you're blindly throwing money into NFT projects from day to day with little to no understanding of what to look for, your wallet will be reflective of it.

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✔ What NFTs are and how they work
✔ How to snipe rare NFTs before they go viral
✔ How to set up your digital wallet to buy and sell NFTs
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Ultimate NFT Playbook [2022 Edition]

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Ultimate NFT Playbook [2022 Edition]

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The 2020’s Disruption: First it was the DOT COM BOOM, then it was BITCOIN. Now it’s NFT’s…

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The 2020’s Disruption: How 18 year old's are turning $400 into $40,000 by flipping NFT’s… without any experience

No matter what age you are or experience level it is your turn to jump onboard!

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You might’ve heard about them from various popular investors like Gary Vee, Mark Cuban and more.

Simply put, NFT’s are currently taking the digital art and collectables world by storm.

Imagine buying a digital artwork on the internet and owning it as a unique digital token known as an NFT, which proves your ownership over the artwork you bought.

When everyone worldwide believes Bitcoin is the digital answer to currency, NFT’s are now seen as the digital answer to collectibles.

Even the biggest celebrities are seeing this opportunity and capitalize on it.

Snoop Dogg, Logan Paul, Paris Hilton, Eminem, and so many others…

They’ve all released their own NFT’s and made ridiculous sums of money with it.

But you don’t need to be super famous and release your own artwork to make money. There’s a much simpler way.

And that is by flipping NFT’s.


There’s this NFT called Bored Ape #5199. When it was created it sold for roughly $220. Guess how much it was sold for this week.

That’s right. 1.6 MILLION dollars. $1,600,000.

This type of sales happens everyday in the NFT world.

18 year olds spend $400 and turn it into $40K by knowing which NFT’s are severely undervalued.

Is it totally insane that digital artwork sells for that price?

Yes, but that’s art for ya.

This painting below was sold for $35 million. Fine art has always been wild.

The difference is simple.

Mark Cuban said that in 10 years we’d all be walking around VR museums filled with NFTs. And when a man worth 7 Billion dollars speaks, I listen.

The future is digital, and this is one of the first transitions along with Bitcoin.

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And with all the lofty investors and celebs joining in on the wave, it will only go up.

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Shameless plug: I’m writing this article because I am launching an NFT with some friends, based on the work of a graffiti artist I met in Miami, ZeFlorist. The project has been an absolute blast to work on, and has had a ton of magic created as a result of it, including an unexpected reunion of Z and his daughter, who lives in another state and joined our Discord chat.

So which NFT should I buy?

Well, that certainly depends on a lot of things. Ask yourself:

  • How long do I want to hold this NFT for?
  • How much money do I want to spend?
  • What blockchain network is the NFT on? (more on this later)
  • What additional benefits do i get from being an owner?
  • Who is the artist, and do / I see a future for their work, popularity, and therefore demand?
  • Most importantly – How does this piece of work make you feel. Art is a subjective experience, and if it can invoke an emotion response for you, it might do the same for others.

There are people who purchased the collection above, only 1000 originals of which ever exist, for around 400$ at the time in June 2021. They now receive offers for over $500,000 regularly, so yea, they did pretty well on their purchase. I could see myself hanging one of these on a wall, and they have a timeless appeal which can be appriciated by most people who view them.

Shameless plug: I’m writing this article because I am launching an NFT with some friends, based on the work of a graffiti artist I met in Miami, ZeFlorist. The project has been an absolute blast to work on, and has had a ton of magic created as a result of it, including an unexpected reunion of Z and his daughter, who lives in another state and joined our Discord chat.

With that being said, because of the sheer amount, its hard to be able to determine the signal from the noise. I would recommend you take it slow, find some trusted sources / notable collectors, and get deep into the community so you can find out what will be best for you! If you have a trusted friend like me that can help you learn, that might be the best method!

There are a million projects out there for you to discover. There are a ton of platforms which you can purchase them on, include OpenSea, Rarible, Nifty Gateway, Foundation App, just to name a few. They even hold in-person auctions by auctions houses such as Chisties and Sothebys. For the next section, were going to focus on how to mint from our project, however these methods and tools can be used for any project as well!

Here’s the big question: Can you really sell anything and get rich?

Step-by-Step Guide to Selling Your First NFT

Akin to selling items on eBay, the process of selling NFTs includes setting up an Ethereum account, listing the digital product, and a crypto wallet to receive the payment.

Several platforms allow you to mint your first crypto art. In this example, we will walk through Opensea, one of the most popular platforms for NFTs.

Step 1: Creation of Account on NFT marketplace

Firstly, access OpenSea and click on create.

You will then be prompted to link up your Metamask wallet that supports Ethereum. A way to create Metamask wallet is to add it to the browser as an extension through the chrome store. Once you’ve logged in to the wallet, it would automatically sync up with the OpenSea account.

Step 2: Start Creating Your Crypto Art!

Next, hover to the collection tab to create your ‘first store’ and start listing your digital arts. Basically, you can mint any form of digital art ranging from images, audio, and GIFs.

It doesn’t cost anything to list on OpenSea, but gas fees may apply due to the usage of Ethereum network. The cost of gas fees is directly correlated to network congestion. Therefore, listing your digital art at ungodly hours may just reduce the cost of gas fee!

Step 3: List and Sell Your First NFT!

Next, access your collection and click sell! After defining the parameters of minting the NFTs on the selling page, you are on the way to building a new passive income.

Isn’t this easier than selling WhatsApp stickers on App stores? Let’s get creative, digital artists wannabes!

Drawbacks of NFTs

Here’s the big question: Can you really sell anything and get rich?

NFTs aren’t entirely new to the crypto world. Cryptokitties and celebrity music were the pioneers of NFTs in 2018. So, why didn’t it take off back then? NFT platforms were unregulated – making them expensive and inaccessible to average internet users.

BitClout, for instance, is facing legal charges for selling NFTs without users’ consent. According to BitClout’s white paper, profiles of 15,000 influencers were “pre-loaded” into the BitClout platform, and users would be able to transact on those tokenized accounts by acquiring BitClout’s ‘creator’ token. However, the influencers have not consented to the usage or resharing of their content.

In other words, Bitclout has reportedly tapped on the grey area of social media regulations. Everything posted on social media is in public and accessible to anyone. However, can we mint someone’s post and call it our own with a token? It’s a developing controversy to be resolved… widely debated by both proponents and opposers within the field.

Most recently, Prime Minister of Singapore Lee Hsien Loong has requested his name and picture to be removed from a cryptocurrency platform, after receiving media queries from Singapore-based media, The Straits Times, about BitClout.

Bottom Line

No doubt, NFTs have revealed a strong demand for intellectual properties. However, critics have dismissed this as another fad that will pass. Regardless, crypto artists rejoice over the recognition of their creations and the emergence of platforms to monetize their assets quickly.

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