NiftyKit

General FAQs

A SaaS platform, subscription-based service for artists to sell their digital collectibles. Our platform helps creators mint NFTs (Non-Fungible Tokens) on the Ethereum Blockchain network

a unique digital token (aka NFT) that can be verified and thus not swapped or replaced by some other like-token within the blockchain. NiftyKit helps you turn your digital assets into NFTs on the Ethereum blockchain.

Help artists create their first NFT without knowing underlying crypto & blockchain technologies. Other marketplaces require you to have crypto to participate and mint your first NFT. With NiftyKit, you pay a subscription to access our unique NFT minting platform, then pay per mint to turn your digital work into NFTs.

NiftyKit is free to sign up. You pay per mint of NFT or the creation of ERC721 smart contract. This can be purchased as a Custom Collection credit good for the 1-time creation of your smart contract.

NFT single mints can also be purchased with your credit card. 

1 NFT mint credit is good to mint, list, and sell 1 NFT on NiftyKit.

Custom Collection and NFT credits are flat-rate and do not expire. 

These credits cover the price of the fees to write to the Ethereum blockchain that we pay on your behalf so that you don’t have to have ETH.

As a creator or collection owner, you do not need crypto to get started. If you sell your NFTs on other platforms or transfer your NFTs to another wallet, you will need to pay the Ethereum network gas fees when listing, trading, or selling on secondary marketplaces like Opensea or Rarible.

As a buyer, you need crypto to purchase NFTs on our platform. You will need to connect your Metamask wallet to Make Offers or Purchase NFTs hosted on creator storefronts.

 

 

NFTs and digital collectibles have been used interchangeably. Digital collectibles minted on our platform are ERC-721 tokens on the Ethereum blockchain network. Not all NFTs are digital collectibles, and not all digital collectibles are NFTs. 

A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. In NiftyKit’s case the Ethereum blockchain. Our platform will allow you to mint your artwork using our public collection smart contract, but we also offer custom white-label contracts that allow you full control of what NFTs are minted in your collection. Once you purchase a smart-contract from NiftyKit, you are the owner of that smart contract.

Currently we support 1oo mb max files:

Images – PNGs, JPGs, SVG, GIF

Video – .MP4

Audio – coming soon!

3D/AR – coming soon!

Gas refers to the fee required to successfully conduct a transaction on Ethereum. In essence, gas fees are paid in Ethereum’s native currency, ether (ETH). Gas prices are denoted in Gwei, which itself is a denomination of ETH – each Gwei is equal to 0.000000001 ETH (109 ETH).

 

For a creator, NiftyKit handles paying your gas fees when minting your NFT to the blockchain. We optimize minting times and send it when prices for gas is most optimal for us to mint your NFT. 

Access to Our Platform

NiftyKit is currently in a closed beta working directly with creators and artists of all kinds to deliver a one-of-a-kind platform to help artists get paid for their creations through NFTs.

We are invite-only not because we are stuck up or snooty, but more so because we are a small team that can’t give everyone the attention that they deserve.

You can apply by Requesting An Invite.

You may also receive an invite from a curator or collection owner who wants you to collaborate with them on a project. You will receive an email with a special invite code letting you know you have been invited.

Digital Wallets

A digital wallet is used for managing, transferring, and receiving ETH and ERC-20 and NFT tokens.

Examples: MetaMask.io, your Ledger Hardware Wallet, a Multisig Wallet Contract.

We require Metamask on our website to process transactions for buyers and creators on the Ethereum blockchain.

Metamask is the interface / client / wrapper / holder that you use to manage your account(s).

Supported Browsers:

  • Google Chrome
  • Chrome
  • Firefox
  • Brave Browser
  • Microsoft Edge

Learn more: https://docs.metamask.io/guide/

⚠️ This functionality is being phased out, and the latest version will allow you to mint directly into your wallet of choice.

Before starting make sure you have installed your Metamask wallet.

In your NiftyKit account navigate to My Account and Click the Export Private Key button. 

You will need to enter your password. 

You will see your private key if you entered your password correctly. Do not paste this anywhere besides inside of the Import Account function in Metamask.

Once connected, you will be able to see your imported wallet.

Yes, you will be required to connect Metamask to perform network transactions through our website, both as a buyer and a seller.

For NFT creators and sellers you will connect the wallet you will be minting your NFTs into.

For NFT buyers and collectors, you will be able to purchase any listed NFTs or Make An Offer for the creator or collection owner to accept.

Currently NiftyKit does not support direct transfers on our platform. 

However, since our NFTs are discoverable on other marketplaces, you can connect your wallet to any ERC-721 friendly marketplace and use their tools to transfer, list, and sell.

The private key is what grants a person ownership of the funds or NFTs on a given address. The Blockchain wallet automatically generates and stores private keys for you. When you send from a Blockchain wallet, the software signs the transaction with your private key (without actually disclosing it), which indicates to the entire network that you have the authority to transfer the funds on that address.

Public and private keys are two arbitrary sets of alphanumeric characters that exist in pairs. It is the public key that everyone can see, while the private key is one that no one but you should ever know.

Custom Collections

Custom Collections are custom ERC721 smart contracts that we create for you. As the owner of a Custom Collection you can control your commissions for primary and secondary sales as well as invite other artists to mint under your collection. 

NiftyKit Open Vault Collections are our default public-facing collections that you can mint into with a NiftyKit mint credit.

Here are our list of Open Vault Collections you can submit your artwork to

NiftyKit Open Vault V1 https://app.niftykit.com/collections/KljGtNmKagEaGRX3wFGg

NiftyKit Open Vault (Polygon) https://app.niftykit.com/collections/vxOUtruPQWW7y1zPodUY

NiftyKit Open Vault V2 https://app.niftykit.com/collections/nkov

NiftyKit Open Vault V3 xxxxx COMING SOON-ISH xxxxxx

When you mint your NFT into the NiftyKit Open Vault Collection, you are minting into your Metamask wallet address which you will connect and confirm.

You are the owner of this artwork and NFT.

 

Log into your NiftyKit account.

Purchase a Collection Credit, good for the creation of your ERC721 smart contract.

You will use a credit card to purchase this mint.

You do not need any crypto to deploy your smart contract to the blockchain and start using it to mint your creations.

Collections on NiftyKit are smart contracts that you mint your NFTs into.  
 
You do not create a collection from existing NFTs.
 
Rather, you establish a new collection (ERC721 smart contract) and when you go to upload your artwork, you will select a collection to mint your artwork into.
This collection can be one you own, a public collection you are free to submit to, or a collection that you have been specifically invited to collaborate on.
5% of primary sales on the NiftyKit platform are taken at the time of sale. 0% commission is collected on NiftyKit Public Collections, such as NiftyKit Open Vault Collection. NiftyKit currently does not offer secondary sales on our platform. Secondary sales commission on sites like Opensea can only be controlled by the Custom Collection or smart contract owner. You can learn how to set your secondary sales for your custom collection created for you by NiftyKit here: https://docs.opensea.io/docs/10-setting-fees-on-secondary-sales

When you purchase and create your Custom Collection on NiftyKit, we create the smart contract for your collection so that you can connect to Opensea and Rarible and manage your commissions, profile, and other settings specifically for the contract owner.

When you purchase a Collection Credit, it is good for the 1-time creation of your custom ERC721 smart contract.

Deploying this smart contract to the Ethereum mainnet is expensive and is the upfront initial cost to set up your smart contract.

NiftyKit currently does not support secondary sales on our site, only primary.

To set your secondary sale fee, simply go to your collection editor and adjust the “Percentage fee” field under the Royalty section. Specify the payout address where you wish to receive the fees.

For more information on setting royalties for your Custom Collection on Opensea, visit: https://docs.opensea.io/docs/10-setting-fees-on-secondary-sales

Artist & Creators

NiftyKit Open Vault is our collection that you can mint your NFTs. NFTs that are minting into our collection is subject to review as part of our initial closed pilot.  Once you receive approval you will be able to use a Nifty Credit to mint your work. 

NiftyKit Credits can be purchased using Stripe.

We currently don’t support purchases for credits using Ethereum.

 

Check out our pricing NFT calculator to get a general idea on how you can price your NFTs so that you can make money when you sell them on NiftyKit. 

Calculate your potential earnings.

Click here: NFT Artist Calculator

When you submit to our public facing collection NiftyKit Open Vault (NKOV) it can take up to 12-24 hours for approval although it usually happens sooner than that. 

You can always chat with us directly in the app if you have any questions about pending approvals.

Thanks again for your patience!

Please give up to 12 hours max on high peak days when the network is busy and gas fees are high. 

We optimize the time to send NFTs to mint when it is most profitable for everyone. We check about every 5 minutes, and if the network isn’t congested, we’ll mint it. 

Recently with gas prices being low (May ’21) usually you will see your NFT minted within 20 minutes. 

We are working to improve and optimize the time it takes to mint your NFT, so please bear with us as we improve this experience for you.

No, we currently do not support the purchase of mints and collections using ETH.

Credits can be purchased through Stripe using your credit card.

Use our simple NFT Potential Earnings Calculator to get a better idea of how much you can potentially make. 

Creating & Managing NFTs

Depending on the “gas” fees on the Ethereum network minting can take up to 12-24 hours.  

If you create an NFT on our platform, you will be able to connect with your wallet using Metamask and list using Opensea.

If you create an NFT on our platform, you will be able to connect with your wallet using Metamask and list using Rarible.

To burn, please contact support@niftykit.com and provide the URL and token ID of the NFT that you want to burn.

This functionality will be added in the coming weeks to the app so that creators can do this directly from their account.

You can’t.

Once it has been minted in the blockchain it is forever. 

You can burn the token, but this only removes ownership to anyone for that token, but is still recorded in the blockchain.

Depending on the current network conditions the NFT can take up to 12 hours to become available during peak times although most of the time it will be ready within the hour if gas prices are reasonable. 

Please give yourself enough room ahead of time to have your NFT ready so that you plenty of time to mint it.

 

 

Selling NFTs

Value is in the eye of the beholder, but if you want to be more strategic about how you price your artwork, please refer to our simple NFT ROI Calculator for Creators (coming soon).

For NiftyKit Subscribers the storefront allows their fans and collectors to purchase directly on their page.

Additionally visitors to your store can make an offer on your NFT. You will receive an email when you have an offer to review. If you decide to approve the offer, you will be be paid to your wallet and the NFT will be transferred to the new owner of your NFT.

Our Creator or Collection Boost Subscription plan will only have benefits on the NiftyKit platform (for now). We’ve optimized the buying experience for the collectors, and we felt there were too many barriers to buy on platforms like OpenSea and Rarible.

No.

Secondary sales for NFTs created in NiftyKit can be listed on Opensea.io

3% on primary sales on the NiftyKit platform.

0% on NiftyKit Public Collections.

NiftyKit currently does not offer secondary sales on our platform.

Please email aff@niftykit.com for more information.

Fees

5% of total goes to NiftyKit for all sales on our platform.

Custom Collection owners have the ability to set commissions that they can receive on the primary sale. This is sent to the wallet address that the Custom Collection (smart contract) is connected to.

 

Currently NiftyKit doesn’t support secondary sales on our marketplace.

There is no cost to sign up for a NiftyKit account. We allow you to create unlimited collection and NFT drafts for free. You do not pay until you are ready to mint.

Account Support

Secure your private keys and digital assets.

Change your NiftyKit account password: https://app.niftykit.com/reset-password

Email: support@niftykit.com

You can cancel your subscription or downgrade under My Account > Change Plan inside your NiftyKit account.

You can cancel your subscription or downgrade anytime by logging into your account and downgrading under My Account > Change Plan.

NiftyKit offers a Free Tier you can downgrade to.

When you create a collection or NFT on the NiftyKit platform you own the smart contract along with all NFTs minted. 

If you connect to other platforms with your wallet that owns your custom collection, you will be able to manage your secondary sales and profile settings for secondary marketplaces.

You will also be able to use your smart contract on Opensea to mint directly into the collection we helped you create.

Cool, huh?

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