Polypixel Clan NFTs
What are NFTs?
NFT stands for non-fungible token. It’s a data unit stored on the blockchain that’s non-fungible. That means that 1 NFT is not the same as another NFT.
There are different examples of NFTs. Some use cases are images (photos, art…), videos, audio… The blockchain keeps track of who owns the item (proof of ownership) and of the full chain of custody of each NFT.
For a further read, check Wikipedia.
Fungible VS non-fungible tokens
Below some simple examples to explain the difference between a fungible and non-fungible token, to explain the concept.
An example of a fungible token is 1 dollar. 1 dollar can be swapped for another dollar, both are of equal value.
An example of something non-fungible is a cat. One cat can not just be swapped for another cat.
What token standard is used for Polypixel Clan?
Our Polypixel Clan NFTs are ERC 1155 tokens. 10,000 NFTs will be minted, in 10 seasons.
The ERC 1155 token standard has some advantages. More information is available on the Medium of OpenSea.
On what blockchain is the Polypixel Clan?
We mint our NFTs on Polygon. Polygon is a layer-2 scaling solution on Ethereum. By minting on Polygon we can avoid expensive gas fees. There are no gas fees to buy or sell a Polypixel Clan NFT token.
Where can I buy/sell Polypixel Clan NFTs?
Always buy them from our official store page on OpenSea. You can also list them for sale on OpenSea if you feel like you no longer want to be a holder.
Are there royalties on Polypixel Clan?
We’ve implemented a 5% royalty fee. This means that on each transaction that’s made, 5% of the proceeds go back to our account. 3% of those royalty fees will be used to pay for our expenses after minting has stopped, and allow us to keep the project going.
2% of the royalties of secondary sales will be used to buy back Polypixel Clan NFTs and burn them. This will reduce the supply and increase the NFT value.
Metamask, Matic Explorer…
I can’t see my Polypixel Clan NFT in Metamask
Our tokens are ERC 1155 tokens. Metamask doesn’t support ERC 1155 tokens yet. According to the Metamask website, support is coming in quarter 4 of 2021.
How about Matic Explorer?
Same issue as with Metamask. ERC 1155 tokens aren’t displayed in Matic explorer. I couldn’t find any article on the roadmap to add an extra tab to display ERC 1155 transactions at the time of writing.
Where can I see my NFTs then?
You can see the Polypixel Clan NFTs you own, and other NFTs you hold, in your wallet on OpenSea. This is quite easy to do, and no account is needed. Open the link below, that’s our wallet:
Then in that link, replace the address (0x89d23c4271d51e8030442ad1f16027cca66f025a) by your wallet address, and you’ll see the NFTs you hold, including ERC 1155 tokens.