F.A.Q.

Some answers to questions we are asked.

We are currently working on the technological basics for creating the first-ever scalable eco-nfts that are connected to the artwork’s history. Bear with us a little, we will let you know when we can share something new and exciting with you.

For Artists

Kollektor.io offers an online service that allows digital art to be offered as NFTs on existing platforms like Instagram or regular websites. It is so easy to use that no prior knowledge is required. No crypto-currency is needed, the platform consumes less CO2 than consuming Youtube videos and is therefore a pioneer in the areas of „ease of use“ and environmental friendliness

Non-Fungible Tokens; Saves your name as Artist and Buyer in a Blockchain

A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded. Types of NFT data units may be associated with digital files such as photos, videos, and audio

Some blockchains are energy intensive, we use Algorand as a blockchain network which is carbon negative

https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement

Creating Art

If someone is interested in your artwork displayed in one of your social channels like Instagram or twitter, you can turn it into an NFT and sell it. The plus side of NFTs is that you, as the artist will always be credited as the original creator. (Checkout our Artist videos, reviews. Etc.)

It’s important to use every opportunity to market and sell artworks and to make it as easy as possible for the consumer to buy, trade & collect artworks. NFTs provide a safe and convenient way to own a digital copy of an artwork for both artists & Kollektors.

Non-fungible tokens and their smart contracts allow for detailed attributes to be added, like the identity of the owner, rich metadata, or secure file links. The potent of non-fungible tokens to immutably prove digital ownership is an important progression for an increasingly digital world. They could see blockchain’s promise of trustless security applied to the ownership or exchange of almost any asset.

Minting a NFT is quite a complicated process, but don’t worry, we will take care of it! You just need to register at Kollektor.io! It’s as easy as posting a photo on any other platform!

Compared to other platforms, there are no charges for creating an NFT for the artist. You will only pay a small commission fee once your artwork gets sold.

Kollektor is taking a 15% fee on NFT sales; In the open beta phase we don’t take any commission.

PNG, JPEG, GIFs, (MP4, MP3, AIFF, WAV, USDZ, GLB soon)

No you can keep it if you want.

Buying Art

Klick on the link in the IG bio and you can see an overview of their artwork. Now you can select a NFT and you will get redirected to the payment provider, where you can by the artwork with normal currency.

We are using Stripe as payment provider, or optionally PayPal.

Currently not possible because of legal reasons, but it will be possible in the future!

It’s a social media reference landing page, made to provide a landing page for a persons or companies entire social media but with Kollektor NFTs included.

Selling Art

You register at Kollektor.io. You enter your account information, so that we can send you money. Optionally also your PayPal account. You upload your art, set a price and enter a description for the picture. You link your Klinktree on your profile. The artwork is listed and can be purchased with credit card, bank account and PayPal. You tell your followers (e.g. in a story) how they can support you by buying your NFT.

You give us your account details in the registration process and then receive currency on your normal bank account. The first time this will take about 10 days, follow up payments will arrive in 3-5 days.

No, absolutely no crypto currency is needed to sell your art, which is one of our special features.

Whenever you sell an NFT you owe Kollektor a small percentage of the sales price. You will see this as your Kredit Balance in the Kollektor App, which becomes negative over time. At some point you won’t be able to sell NFT’s anymore. You have top up your Kredit Balance.

Currently not, because Algorand isn’t compatible with Ethereum. But we are currently working on possible future compatibility with OpenSea or even other platforms.

Collecting Art

Each ALGO Wallet address is unique. If you are not sure, you can check the unique wallet address to see if it is indeed the artist’s wallet address.

Well, that’s part of what makes NFTs so messy. Some people treat them like they’re the future of fine art collecting (and some people treat them like Pokemon cards)

It’s inside your newly created wallet after you have registered on kollektor. You can claim NFTs.

When you have registered at Kollektor, we automatically create a new wallet you.

One of the obvious benefits of buying art is it lets you financially support artists you like, and that’s true with NFTs. Buying an NFT also usually gets you some basic usage rights, like being able to post the image online or set it as your profile picture. Plus, of course, there are bragging rights that you own the art, with a blockchain entry to back it up.

Your friend doesn’t need to be on Kollektor if he buys an NFT for the first time. If he buys an NFT, a new Kollektor account will be automatically created for him.

Anything that yields profits is subject to taxes. The regulation in this field is very young and changing fast. The actual answer to this question can only be given on a national level. Please check with an accountant.

In fact, ownership of all NFTs exist as a public record, meaning anyone can look up any NFT and verify who owns it. But only you have real access to your bought NFT’s which mean to transfer & sell them.

You can copy a digital file as many times as you want, including the art that’s included with an NFT. But NFTs are designed to give you something that can’t be copied: Ownership of the work (though the artist can still retain the copyright and reproduction rights, just like with physical artwork). To put it in terms of physical art collecting: anyone can buy a Van Gogh print. But only one person can own the original.

Everything Else

No, they don’t. They are proof that you own an artwork.

OpenSea is a peer-to-peer marketplace for NFTs & crypto collectibles build on the Ethereum Blockchain. You can buy the NFT’s only with crypto currency (ETH+MATIC) and you need to setup a crypto wallet. Kollektor handles all this tasks for you in the background, no technical knowledge about crypto is required.

We are in Beta right now, so just reach out to us and we set everything for you.

A bare minimum of knowledge on crypto networks is mandatory to evaluate the implications that come with owning tokens. When you join kollektor you will get a detailed onboarding and quick introduction into some technical aspects of kollektor.

We save the wallets private key on our encrypted database currently. You can only have access to them if you answer security measures.

Ping one of our experts if you decide to leave kollektor.

Your minted NFTs exist still on the blockchain and therefore in your wallet. You can  still access through your wallet , however you won’t benefit of Kollektor’s service, which includes a direct fiat gateway for your NFTs for example.

Ping one of our experts if you need assistance.

Kollektor Specific

Since an NFT can only have one owner at any one time, when you buy an NFT, you purchase the exclusive ownership of a particular digital asset, which is stored decentralized on the blockchain. However, this doesn’t mean that you own the exclusive rights as to who gets to look at or share that particular artwork.

NFTs are tokens that we can use to represent ownership of unique items. They let us tokenise things like art, collectibles, even real estate. They can only have one official owner at a time and they’re secured by the Ethereum blockchain – no one can modify the record of ownership or copy/paste a new NFT into existence.

All rights and the complete intellectual property (IP) remain with the artist, because you buy a token of the art.

In the boring, technical sense that every NFT is a unique token on the blockchain. But while it could be like a van Gogh, where there’s only one definitive actual version, it could also be like a trading card, where there’s 50 or hundreds of numbered copies of the same artwork.