Frequently Asked Questions
How do I buy and sell NFTs on Patrn?
Patrn is not a marketplace. Patrn mints NFTs via crowdsourcing. Patrons can like verified artist's content with ETH. If the artist's goal meets their fundraising goal, the content is minted as an NFT and distributed to all participating addresses. Once your NFT is received, you can sell it on Open Sea or other popular marketplaces.
How are NFTs crowdsourced?
NFTs are batch minted using the ERC-1155 Multi-Token Standard and uploaded to IPFS. They are then distributed to participating addresses when the artist meets their fundraising goal. Instead of minting, selling, and buying NFTs one by one, Patrn pools users ' ETH to cover the minting costs of hundreds, or thousands, of copies. The artist receives what's left after the transaction cost.
Is there a minimum donation per like?
Yes, to avoid abuse the minimum like is 0.01 ETH. Donating above the minimum merely increases an NFTs rarity and increases payout to the artist.
Okay, I've connected and liked content. When do I receive my NFT?
When the artist meets their fundraising goal the content, and associated extras, are minted and distributed to all patrons. You can access your NFT’s files at IPFS.
What happens if the prospective NFT I've liked doesn't hit it's goal?
The artist receives the funds either way, minus a 5% commission. 'Likes' act as donations to the content creator, even if the artist doesn't meet their goal by the deadline.
If I donate more ETH, do I get more copies of the NFT?
Patrn distributes one NFT to each participating address. Donating above the minimum merely increases an NFTs rarity. If the artist's goal is 1 ETH and you donate 1 ETH, only 1 NFT would mint.
Can I like the same content multiple times?
Yes, but you’ll still only receive a single copy of the NFT. Donating multiple times can help increase rarity or push content over the goal line.
I've received a copy of my NFT. How do I sell it?
NFTs minted on the Patrn dAPP can be sold on OpenSea and other popular NFT marketplaces.
Can I like minted content?
No, once minted, users can no longer like the content.
I want to submit an NFT for minting. How do I get verified?
Getting verified is easy. Just link us to a website or social that lists your email and showcases your work. If it matches your submitted email, we'll verify your account. Once verified, you can submit original content for minting.
How long does verification take?
Until there's an automated process, users are verified manually. Please give us 24-48 hours to verify your account.
If I reach my fundraising goal, when do I receive my ETH?
Within a few hours, artists receive the total amount minus the minting and transaction costs, as well as a 5% commission to Patrn.
