summary: NFT Showroom is a digital art marketplace built on Hive, a fast and free blockchain that makes creating.
content: NFT Showroom is a digital art marketplace built on Hive, a fast and free blockchain that makes creating and collecting rare digital art simple and accessible. Overview NFT Showroom is a digital art marketplace (active since 2020) based on Hive, a swift and free Blockchain that makes creating and collecting rare digital art simple. They claim to be simple to use and an inexpensive option for artists and enthusiasts. They are open to everyone and welcome all art forms and levels of expertise. The platform is modeled after other Ethereum (ETH)-based tokenized art ventures such as Superrare, MakersPlace, and others. Since Hive offers free transfers and 3 second block periods, many artists have demanded those facilities. As a result, it's a blockchain ideal blockchain for launching a new platform that allows artists and collectors to extend their purchasing and selling choices. Hive also has a built-in blogging site (peakd.com), which allows artists to write workflow posts or share the tale behind their work, which is a strong mix. NFT Showroom generates provably rare, collectible, tokenized assets using Hive-layer Engine's 2 NFT smart contract platform. They began by putting the site's UI and accessibility to the test with a small group of checked musicians. Admissions were extended to the general public after it was confirmed that it was running properly. The alpha release included features that allowed artists to build and sell Non-Fungible Token (NFT). With each piece, artists can choose the amount of scarcity they want (ie. One edition only, or multiple editions). To start making and collecting, all you need is a Hive account and Hive Keychain. The network uses a pegged token called SWAP.HIVE to tokenize and buy art. Creators have two choices for creating tokens on the platform: Private and Exclusive Reproduction Rights. Because the startup costs are smaller, a broader range of talent is available. This is the place to go if you're hunting for up-and-coming, newbie musicians with a promising future ahead of them. This is obviously not the right forum for you if you're looking for a well-known developer who is still making money elsewhere and has a large following. Low costs mean there's more space for expansion if an artist succeeds. That also guarantees you'll get more art that doesn't depreciate in value over time (from an investor perspective). Unlike the regular revolving top 20 on the major pages, you can even buy one-of-a-kind works by artists you've never heard of before. When you sell your work for the first time, NFT Showroom will charge you a 10% fee, while secondary purchases will be charged a 5% commission with 5% going to the original maker. NFT Showroom is much smaller than OpenSea, Nifty Gateway, SuperRare, and other similar marketplaces. On its website (13/05/2021), NFT Showroom announced that it had sold 7768 NFTs from 1153 different artists for a total of 362,255 HIVE (then corresponding to more than USD 300,138) SWAP.HIVE The HIVE cryptocurrency is used as a means of trade on the Hive blockchain. To perform all of the smart contract, Hive-Engine uses an HIVE-backed token called "SWAP.HIVE." Users must convert Hive to SWAP.HIVE in order to communicate with NFT Showroom. You can do this on nftshowroom.com by going to your wallet and pressing the deposit button, then inserting the requested number. Simply use keychain to sign the deal, and your Hive will be deposited as SWAP.HIVE. When transitioning between HIVE and SWAP.HIVE, there is a 1% charge. NFT Marketplace A platform for NFTs is known as an NFT Marketplace. The term "NFT" is an acronym for Non-Fungible Token (NFT). Anything that is fungible may be replaced. One kilo of 24 karat gold, for example, would theoretically be replaced by every other kilo of 24 karat gold. When something is non-fungible, it means it is one-of-a-kind and cannot be replaced with another object. Attaching art to a token (NFT) has many advantages, the most significant of which is that it provides a provenance record. Since it is cryptographically signed by the artist, a token may be likened to a certificate of authenticity. Ownership and trading history can be documented on a publicly verifiable ledger from the moment it is created (blockchain). This aids in the prevention of plagiarism which can be used to validate image copyright. Tokenization also makes it possible to exchange art in an open and safe manner. Secondary market royalties enable the original artist to be compensated for future purchases, which is a significant advancement in the art world. Although NFTs and cryptocurrencies are conceptually identical, these digital objects could reflect antiques and artworks, collectibles such as trading cards, and other products with specific characteristics. For authentication and confirmation, these tokens are placed cryptographically in a blockchain network. Unlike Bitcoins (BTC), which are divisible into smaller units, each token is sold as a whole except while transacting. When NFTs are divided into smaller pieces, their worth decreases; however, the artist may repeat them and sell each additional copy separately (but the total number of duplicates will then always be known). Creating and Collecting Art on NFT Showroom A Hive account and Hive Keychain are required to begin generating and gathering data. Hive Keychain is a plugin extension that encrypts the keys and helps you to enable transactions on the platform safely and conveniently. Here's where you can sign up for a free account: Hiveonboard.com is a website that provides information about hives. Install the Hive Keychain browser extension by going to this link: Chrome/Violet Firefox is a web browser developed by Mozilla. Hive offers quick checkout times and no gas costs! It helps to have a minimum of 5 HIVE staked to your account in order to transact smoothly. Giftgiver, for example, would provide you with a small delegation for a week to assist you with getting started. Creators & Artists Artists are the lifeblood of NFT Showroom, and NFT showroom welcomes artists of all mediums and levels of experience. Hive also offers a number of common features that can be used for the new account, including the ability to create a personal blog and join artists who are assembling and sharing their work in a variety of lively art communities. There is a vacancy for passionate artists to join the team, and the platform will double-check each application. During the alpha, only verified artists were able to tokenize. The platform will be available in the future until a validated badge scheme is in operation. Wait times are currently about 1-2 days, although they can vary depending on the number of pending applicants. NFT Showroom is ecstatic to be expanding at such a rapid pace. To apply as an artist, log in to nftshowroom.com, click your name in the upper right menu then click profile. The submission procedure is straightforward: Go to your profile page on your personal page. Fill out the questionnaire and tell the team as much as you can about yourself and your art. For authentication, an administrator can contact the applicant via one of the social media links provided. The current processing time is 1 to 2 days, although this can vary based on the amount of applications received. Please pay attention to your posts on all social media sites. As the token's maker, the artist has digital control over the work he has made. When making a token, the platform provides two options: Private and Exclusive Reproduction Rights: The author holds complete rights to the work as it is sold privately. The art may be shown in the buyer's collection or resold on the secondary market. The artist is selling the full commercial rights to the art's reproducibility under Exclusive Reproduction Rights. This means that the painting can be used for commercial purposes, such as printing, t-shirt designs, website/blog graphics, and so on. This does not imply that the customer may sell their own secondary licenses for the piece or retokenize it. Accepted File Formats and Specs Currently supported formats: JPEG, PNG, GIF, and MP4 JPEG, PNG, GIF: Max 30 MB MP4: Max 100 MB All images uploaded to NFT Showroom are stored on IPFS (InterPlanetary File System) and also backed up on an image server with gifting a possibility as NFT can be sent to anyone with a HIVE account. Tokenizing Artists will ensure the scarcity of their art for customers by producing an NFT with a set number of versions. If art has been tokenized, it is important that you should not tokenize the same development again, as this would have a negative impact on the artwork's popularity and the artist's integrity. If an artist is found plagiarizing or fraudulently issuing several tokens of the same creation, the team reserves the right to deny entry to the NFT Showroom. Unique and Multiple Editions Editions are similar to prints or versions of the same piece of art. Since you can't make any later, it's important that you settle on the number of editions when you're minting the item. This will be tantamount to violating the first token's bond. When it comes to tokenizing art, rarity is crucial. When making a decision, buyers will take this into account, as it will be a factor in deciding worth. When you tokenize a work of art, you're permanently limiting the number of editions, so it is needful for the editor to pick carefully. This is true for other outlets, as well as other chains. If you mint art, you can never mint the same piece of art somewhere else. Single or several editions are possible in NFT Showroom. A singl