You are on a ThetaTeeth official website, welcome. It provides information about the ThetaTeeth NFT collection based on Theta Network blockchain
NFT is an abbreviation which stands for Non-Fungible Token: a unique and non-interchangeable unit of data stored on a digital ledger.
Although NFTs are build on some blockchain technology and can be highly complex, no special skills are required to purchase and sell them. In fact, for most of the users they represent assets, which are similar in functions as buying and selling on any online marketplace.
NFTs are not just pictures or other types of art, they represent a unique code stored (typically) on a decentralized blockchain. The artistic part can be considered to be a physical representation of that unique code.
Value of a certain NFT is derived from many aspects, such as the community, the demand for this particular NFT and/or collection, community's perception of the blockchain altogether, and even the appearance. Typically, for NFT collections an important factor is the rarity of visual attributes for a particular NFT.
The short answer is no. However, as the owner of the NFT you can sell it, exchange with another user or gift it. No refunds are available, yet buyback had been discussed among the developers.
It is absolutely safe to buy or sell your NFT. The transactions are not passed via classical payments such as banks, but are rather done on a blockchain, Theta Network in this case. Blockchains are virtually unhackable to this day due to their design.
While many projects reserve all the rights to themselves, ThetaTeeth encourages the holders to take full advantage of their NFTs, including any kind of commercial use.
Absolutely yes. As ThetaTeeth's Whitepaper suggests, the current NFT collection will be used as a token, or a sign of membership and would therefore provide exclusive perks, discounts and more.
The 'early birds', who joined the project at earlier tiers are subjects to receiving a percentage of each NFT sold at the next tiers. Therefore, those who joined the project at tier 1 will be receiving a percentage of all NFTs purchased at later tiers. This mechanism was introduced to reward our most loyal supporters, yet not the only one. 😉
Since this is a piloting project and our ambitions are vast, we are already preparing two next projects and even have plans for the Sandbox. Therefore, those who join us at earlier stages will be rewarded for their support as well as having access to the information sooner.