Frequently Asked Questions
XVERSO is a digital art marketplace to discover and collect truly unique creations by verified artists and the world's most creative minds. We empower artists and creators with tools to interact, protect, and sell their digital creations to their fans and collectors.
Experience the best of XVERSO: our digital and in-person shows highlight our talented artists and their unique art practices. Join thought-provoking conversations with art experts and thought leaders from different industries as they discuss the featured art. Watch our livestreams and talks on the Show page's video player for easy access to these engaging discussions.
At XVERSO, we automatically setup a custodial digital wallet on your behalf. Your digital wallet is used to buy, sell and publish your digital creations on the Ethereum blockchain. Think of a digital wallet like your ID on the Ethereum blockchain. It is used to identify you and your digital assets.
In additional to the XVERSO wallet we currently we support Metamask and Coinbase wallets. We are working on supporting other wallets in the future.
In addition to ETH we currently most major global payment methods including debit, credit, ACH, and many others. We are working on supporting other payment methods in the future.
You are buying a limited edition or unique digital creation, signed by the creator. Upon purchase, you will be given the right to use, distribute, and display the creation for non-commercial purposes. Since you own this unique creation, you can also re-sell the same non-commercial use rights, to the creation, directly on XVERSO soon. Upon purchase, you can access the high resolution file which you can display on any digital device or even print out, for personal use.
Why is this great? You own an authentic digital artwork by an amazing and XVERSO curated and verified artist, verifiable on the blockchain.
Why is this great? You own an authentic digital artwork by an amazing and XVERSO curated and verified artist, verifiable on the blockchain.
Non-Fungible Tokens (NFTs) are unique digital items with blockchain-managed ownership. Examples of NFTs include digital art, collectibles, virtual reality items, crypto domain names, ownership records for physical assets, and more.
Auctions and bidding are a fun and engaging way to try to acquire a digital artwork for a particular price. You simply need to fund your XVERSO or external wallet prior to bidding. Bidding on XVERSO is fun and easy with our automated bidding system. Enter any bid amount as long as it is greater than or equal to the next minimum shown on the bidding screen, then click the "Place a Bid" button. This will automatically place a bid for you at the next increment and save the amount you entered (if higher) as your "Highest Bid". You will receive a live notification on your bidding screen, and you will know that your bid has been received.
Bidding IncrementsOur automatic bidding increments determine the next minimum bid that can be placed. You can always enter a higher amount than the next minimum bid which is then treated as the highest bid. We recommend increasing your bid amount if you want to maintain your position as highest bidder.
RegistrationAll bidders need to register their account on XVERSO and fund their wallet prior to bidding. Wallets may be funded with an existing ETH balance or by using a credit card or other payment method.
Bidding IncrementsOur automatic bidding increments determine the next minimum bid that can be placed. You can always enter a higher amount than the next minimum bid which is then treated as the highest bid. We recommend increasing your bid amount if you want to maintain your position as highest bidder.
RegistrationAll bidders need to register their account on XVERSO and fund their wallet prior to bidding. Wallets may be funded with an existing ETH balance or by using a credit card or other payment method.
A blockchain is a publicly accessible online ledger (database) that is not owned by any central authority. Once anything is set in this ledger, it can not be modified or censored by any single authority. Blockchain technology provides the following benefits to creators:
Scarcity: When you upload your creation to the blockchain, you can define the number of editions you want to release. The control and distribution of the editions is automated on the blockchain, so you can tightly manage the scarcity of your creations. No more than the defined number of editions will ever be released.
Authenticity: When you upload your creation to the blockchain, it cannot be changed thereafter. Buyers can trust that the artwork they are purchasing is the original and has not been tampered with, because the publicly accessible data on the blockchain is always available to verify it. Even if other people copy it (as many tend to do online with digital content), the value of your artwork will not degrade, as long as the specific editions can be verified on the blockchain.
Ownership: Every transfer/purchase of your creations is recorded on the blockchain. This means that there is a publicly accessible ownership history for your creations. Provenance is automated and accurate. Having a publicly accessible way to verify ownership will create more value for your creations since it will be easier to identify infringing use of it. It will also make it easier for you to support any DMCA takedown requests.
Each of these benefits is inherently available to you, just by using the blockchain. Even if XVERSO ceases to exist, your digital creations will forever remain on the blockchain, and forever be transferable/purchasable. Having said that, interacting with the blockchain is still quite complex. What we are offering is a service that makes blockchain technology simple, and provides its benefits to all creators. Like any technology however, blockchain is not immune to risks.
Scarcity: When you upload your creation to the blockchain, you can define the number of editions you want to release. The control and distribution of the editions is automated on the blockchain, so you can tightly manage the scarcity of your creations. No more than the defined number of editions will ever be released.
Authenticity: When you upload your creation to the blockchain, it cannot be changed thereafter. Buyers can trust that the artwork they are purchasing is the original and has not been tampered with, because the publicly accessible data on the blockchain is always available to verify it. Even if other people copy it (as many tend to do online with digital content), the value of your artwork will not degrade, as long as the specific editions can be verified on the blockchain.
Ownership: Every transfer/purchase of your creations is recorded on the blockchain. This means that there is a publicly accessible ownership history for your creations. Provenance is automated and accurate. Having a publicly accessible way to verify ownership will create more value for your creations since it will be easier to identify infringing use of it. It will also make it easier for you to support any DMCA takedown requests.
Each of these benefits is inherently available to you, just by using the blockchain. Even if XVERSO ceases to exist, your digital creations will forever remain on the blockchain, and forever be transferable/purchasable. Having said that, interacting with the blockchain is still quite complex. What we are offering is a service that makes blockchain technology simple, and provides its benefits to all creators. Like any technology however, blockchain is not immune to risks.
XVERSO uses the Ethereum blockchain to store your creations and to faciliate currency transactions.
Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain. Ethereum was proposed in 2013 by programmer Vitalik Buterin. Development was crowdfunded in 2014, and the network went live on 30 July 2015, with 72 million coins premined.
Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain. Ethereum was proposed in 2013 by programmer Vitalik Buterin. Development was crowdfunded in 2014, and the network went live on 30 July 2015, with 72 million coins premined.
ETH does not conform to ERC-20 token standards required to transact directly with contracts, other blockchains, and dAPP's (decentralized applications). This is mainly because it was created prior to the ERC-20 technical standard.
wETH is the ERC-20 compatible and tradable version of ETH and can be used to interact with other ERC-20 assets like NFT's. Think of wETH like a stablecoin pegged to Ether that is always worth 1 ETH - you can convert ETH to wETH and vice versa at any time at a 1:1 ratio.
While artwork pricing on XVERSO is always listed in ETH we will automatically convert payment to wETH for you at the time of purchase.
wETH is the ERC-20 compatible and tradable version of ETH and can be used to interact with other ERC-20 assets like NFT's. Think of wETH like a stablecoin pegged to Ether that is always worth 1 ETH - you can convert ETH to wETH and vice versa at any time at a 1:1 ratio.
While artwork pricing on XVERSO is always listed in ETH we will automatically convert payment to wETH for you at the time of purchase.
XVERSO uses both the ERC-721 and ERC-1155 token standards. The ERC-721 standard is used for unique creations, while the ERC-1155 standard is used for limited editions. The ERC-1155 standard is more efficient for limited editions, as it allows for multiple editions to be bundled into a single token.
You’ll need extra ETH in your wallet to pay for gas when purchasing, listing, or selling an NFT.
Gas refers to the fee required to successfully conduct a transaction on Ethereum. This fee is paid to Ethereum miners who provide the computer power that's necessary to verify transactions and keep the network running; XVERSO does not receive any payment from gas fees.
Gas is measured in gwei, the base unit for gas on the Ethereum network. 1 gwei is equivalent to 0.000000001 ETH.
Gas prices are based on (i) how busy the network is; (ii) how quickly you want the transaction to be completed; and (iii) the complexity of the transaction. Minting for example is generally more complex than a simple transfer.
Gas refers to the fee required to successfully conduct a transaction on Ethereum. This fee is paid to Ethereum miners who provide the computer power that's necessary to verify transactions and keep the network running; XVERSO does not receive any payment from gas fees.
Gas is measured in gwei, the base unit for gas on the Ethereum network. 1 gwei is equivalent to 0.000000001 ETH.
Gas prices are based on (i) how busy the network is; (ii) how quickly you want the transaction to be completed; and (iii) the complexity of the transaction. Minting for example is generally more complex than a simple transfer.
Our pricing is based on the current ETH price and is updated every 30 seconds via Etherscan. You can view the current ETH price in USD via Etherscan here.