Yes, you can list any amount of photographs or artworks from one to a maximum of eight in your collection.
Collections are limited to wildlife, so no domesticated animals allowed.
If any of your photographs or artworks are of an identifiable individual animal, those are good to add because that increases the amount buyers are willing to bid for that piece (this is optional, not a requirement).
It also helps to provide a back story for each identifiable individual if possible such as e.g. the animals life history, anecdotes and stories (again, this is also optional, not a requirement).
Payment due is made into a payment account that you designate after the successful completion of your collection auction(s).
Payments are made on the 25th of every month for the goods sold on auction and settled by the buyer in the preceding month, if the balance owed reaches $US200 or more.
Payment can be made by EFT into your bank account or a transfer to your Paypal Account.
Cryptocurrency payment options are also available in the form of Bitcoin (BTC), Ethereum (ETH) or Ripple (XRP).
Any applicable transfer fees for the payment are for the collection creators own account.
The collection creator chooses the conservation organization that will receive donations from the sale of NFT's in their collection.
Now this choice needs to be considered carefully, because they will be benefiting to the tune of 40% of the profits each time your collection photographs or artworks are sold, because ultimately, Provably Protect is all about conservation.
So they will be grateful to you for choosing them. But also, they will be responsible for marketing your collection to their followers, because they will be benefiting from it, so it's in their best interest to do so.
The first time any of your collection photographs or artworks are sold, 60% of the profit goes to you as the collection creator and owner of the photos/art.
The second and any subsequent times your collection NFT's are sold by the new owners on the Provably Protect platform, you as the collection creator are eligible for a 10% royalty.
The starting price for each of the collection creators NFT's on the first auction is set by the collection creator themselves in consultation with Provably Protect. This is to determine a price that will have the highest probability of resulting in bids.
Every subsequent time the collection creators photographs or artworks are sold on the Provably Protect platform, a reasonable starting price will be set by the new owner of the NFT.
The auction of every photograph or artwork in a collection is permanently live until someone places a bid at or above the starting price. Once the bid has been placed a 24 hour auction for that particular photo/artwork will begin.
After 24 hours, an auction winner is declared and the new buyer settles the account for their NFT. They then have the option to relist the photo or artwork again at a starting price of their choosing (in consultation with Provably Protect to keep it reasonable) after which the auction is permanently live again until someone else places a bid.
In this way the NFT's can generate a recurring and increasing contribution to the collection creator and wildlife conservation.
40% of the profit from the purchase of each NFT in a collection is contributed to the collection creators chosen partner wildlife conservation organization. And this happens each time the photographs are sold on the Provably Protect platform, so it's effectively a 40% profit royalty on the collection (Provably Protect is all about conservation, so these organizations get more than the collection creator on subsequent auctions).
There are no limitations on image file sizes but buyers might want to print out the photograph or artwork to display it and then smaller files will limit the size they can print. So bigger file sizes are first prize but smaller ones are not disqualified.
The total size limit for each collection is 500 MB.
Provably Protect creates a Dropbox or Google Drive folder specifically for each approved collection creator so that the original, hi-res photograph or art images can be submitted, which can then be downloaded by the buyer once they settle their final bid amount.
Smaller preview images are created from the originals to build the collection and auction pages.
Provably Protect will market the collection auction across all its relevant online channels.
The collection creator should also market the collection auction to their followers, as the relationship with them should help with bids.
The conservation partner that the collection creator chooses will also market the auction to their followers because they also stand to benefit and it's in their best interest to do so.
Provably Protect makes use of the Polygon blockchain to create or mint NFT's which works on a proof of stake basis and so has a small energy use footprint.
Find out more about nft environmental impacts here...
If you own a photo or artwork that you would like to list on the Provably Protect platform as a NFT which has already been published or used elsewhere on the web, that isn't a problem at all. In fact, in some instances, that actually might increase the value of the photograph because it's 'famous', so to speak.
For example, a NFT photograph of a gorilla called Harambe sold by it's owner on the 3rd of June 2021 for $86 510.43. This photo has been featured online since 2016 in many publications, websites and newspapers, so that's one of the the reasons that it went for such a high price.
But there is no need for those publications to now remove that picture of Harambe. What you are selling with the NFT is the ownership certificate that allows the rightful NFT owner (the new buyer) to sell the photo again, and not the copyright.
So as long as you own the copyright of the original photo you can list a photo that has been published elsewhere on the web in the past.
If you are already selling the photo online elsewhere such as e.g. a stock photo website than it wouldn't be allowed to sell it as an NFT too.
Yes, If you own an artwork that you would like to list on the Provably Protect platform as a NFT and the physical art piece is being sold elsewhere, you can.
You retain the copyright of the artwork when you sell it as a NFT. What you are selling is the ownership certificate that allows the rightful NFT owner (the new buyer) to sell the NFT again on the Provably Protect platform, and not the copyright.
It works on a similar basis to prints. You can sell prints of your artwork even if you are physically selling them at a gallery.
So as long as you own the copyright of the artwork you can sell the NFT.
Feel free to ask by getting in touch with us...