Buying
On OpenSea, depending on the item, you can either participate in an English-style auction by placing bids or buy it immediately with the ‘buy now price.
In case an auction is not enabled for an item, only the buy now option is available.
You can get more information here.
If you click on the “Buy now” button, your Ethererum wallet (MetaMask) will ask you to sign this transaction with a simple button press. After this you confirm the transfer of the NFT price and the gas transaction fee (network gas).
Read how to set up your MetaMask wallet here.
When you make an offer your ETH is held in escrow by the offerer’s smart contract. While in escrow it’s untouchable unless your offer is accepted by the owner or canceled by you. You can cancel your offer any time to retrieve your ETH, but you will be charged a small fee. Alternatively, you can wait until your offer reaches its one-day expiry and pay only a minor ETH flat rate.
If the item is in an auction, then other people can also bid on the item. Highest bidder will win.
Firstly, WETH is wrapped Ether. They are worth exactly the same and can be easily converted using the Ethereum Balance widget on the right side of your account page’s “Offers” tab. Auctions are held in WETH because, unlike ETH, WETH can be instantly transferred to you.
In simple terms, it allows users to make pre-authorized bids on auctions that can be fulfilled at a later date without any further action from the bidder. Shoppers can also use WETH to make offers on fixed price listings and items that are not listed at all.
Because the Ethereum blockchain is decentralized and running on a massive scale of independent networked computers, it resembles a living organism, a system of cells. Due to the complexities of this system, the network transaction fees will fluctuate depending on the business of the network
Network fees are necessary for the system to stay alive. This ETH goes to the people who maintain and grow the network and the available ETH. Thankfully the fees are usually not high unless you are transacting in peak hours.
NFTs
NFT is a digital art piece. It represents value and scarcity. The fact that it’s digital allows it to propagate online fast and reach a broad audience. This increases the cultural stock of the creation increasing the value with it.
You can get more information here.
For the first time in history, a collection of artwork NFTs representing a limited edition album is being dropped. RUN DMC, regarded as one of the most influential acts in the history of hip hop culture, is releasing with 12ON12 these once-in-a-lifetime NFTs of the artwork by Reena Tolentino in tribute to Jam Master Jay and the 35th Anniversary of “Raising Hell”.
Only a limited number of NFTs of the artwork will ever be minted. This limited event is the first of its kind and the first in the collector’s edition. Starting on Easter and lasting for exactly 12 days.
The artwork has been created by Reena Tolentino, a rising star artist in Los Angeles. Reena also presents her own interpretation of the classic RUN DMC logo, one of the most iconic hip-hop logos of all time, which is featured on one of the NFT series – the 12ON12 RUN DMC vinyl cover.
As true trailblazers RUN DMC took hip-hop mainstream and today, they are doing it again with crypto and NFTs.
Transaction & Technical questions
There are two types of channels to buy ETH.
- Exchanges (e.g Kraken, Binance) – this is where you can also trade with your cryptocurrencies.
- Wallets (e.g MetaMask) – this is just for buying and holding your ETH. Depending on the wallet, you can easily buy, hold and withdraw your ETH at any time. Withdrawing ETH is just like sending your FIAT currency to another account, you are just sending ETH.
You can get more information here.
Peppermint works with the OpenSea marketplace so you need to have ETH on your MetaMask wallet. You can buy ETH directly inside MetaMask wallet, or transfer your ETH from another account into MetaMask.
You can get more information here.
“Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It’s a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.” – etherum.org
All Peppermint NFTs are stored on the Ethereum blockchain.
You can get more information here.
Etherscan is a monitor for the Ethereum network. Since all wallet addresses and transactions are public, you can easily query about a wallet like the number of transactions, wallet size, etc. It can also help you verify that transactions were successful, and tracks other helpful details about transactions and addresses.
‘Gas’ is a shorthand used to describe the cost of powering a transaction or contract in Ethereum.
Because blockchain is decentralized, every transaction is distributed through multiple computers, not a central server. This ensures each token — in this case, each NFT — is secure and one-of-a-kind. It also takes a lot of computational power, which is covered by the cost of gas.
‘Gas’ is composed of two parts: Gas Price and Gas Limit. Gas Price is what you offer to pay the people who maintain and mine more ETH (in a tiny measurement of ether called “gwei”) for each operation to execute the smart contract. Gas Limit is how many operations you let them do before they run out of gas and drop the transaction.
1 gwei = 1/1,000,000,000th of an ether.
NFT is not a cryptocurrency but they are traded using cryptocurrency like Ether. NTFs are digital collectibles, art, and fine-art. The real-world analogy for a cryptocurrency is Swiss franc; a digital collectible’s physical analogy is baseball cards or fine art.
As dictated by the smart contract, any NFT you own belongs to you. Like any product or property you can own, the market price is determined by supply and demand.
No, network fees are necessary for the system to stay alive. This ETH goes to the people who maintain and grow the network and the available ETH. You can transact at a time when the transaction fee is lower depending on the time of day.
Because the Ethereum blockchain is decentralized and running on a massive scale of independent networked computers, it resembles a living organism, a system of cells. Due to the complexities of this system, the network transaction fees will fluctuate depending on the business of the network.
“Steganography is the practice of concealing a message within another message, image or a physical object.” – Wikipedia
Online tools exist to extract information or encrypt digital images.
Peppermint
Peppermint is a Swiss-based blockchain company building e-commerce solutions powered with distributed ledger technology.
Specifically to empower artists, performers, teams, and their great fans. Peppermint’s mission is to bring art & music to the new era. With its diverse and complementary team with technology, innovation, and marketing background, Peppermint is well-positioned to improve how the industry works.
Peppermint – connecting crypto with creativity.
Community
Our Discord group is the official gathering place for the Peppermint community. People come to learn about art, music and crypto. Join us!
NFT’s digital format allows it to gain popularity and cultural significance exponentially faster than any traditional physical art. This allows the NFT to appreciate in value like any good painting, music, or other forms of art.
You can either buy to own or buy to sell. Buy at the current market price and sell when the value goes up.
You can contact us at contact@peppermint.plus. Please include any relevant links, or transaction hashes /addresses so we can support you as quickly as possible.
Feel free to reach out directly at our Discord channel. The user is ‘Peppermint’