How do royalties work on Artano?

There are two types of royalties on Artano:

  • Default Royalties: This royalty fee would apply if a user sells their NFT outside of Artano and the marketplace they are selling at supports the current CIP standard. The universal royalty applies to all NFTs minted under the same policy (collection). There can only be one address where the royalties go to and one percentage for the whole policy. Once you set the royalty fee for a PolicyID (collection) you cannot change it. The current CIP standard links royalties and policyIDs, so that whenever you want to create a new royalty percentage, you have to also create a new collection and pay a small fee.

  • Artano Royalties: These are royalties that will be applied on Artano only. Once you mint an NFT, you can select any number of addresses or percentages you'd like. Note that you should never set your Artano royalties higher than universal royalties, as this could lead to resellers going to other platforms to sell your NFTs.

How do collections relate to policyIDs and royalties?

Artano wants to abstract the knowledge needed to mint NFTs as much as possible. We decided to introduce the term of "collections" where each collection has a specific name, policyID, royalty address and royalty percentage. Collections can be used to group NFTs together for a specific collection and the user can create as many collections as they'd like. On Artano, all NFTs in one collection have the same PolicyID and universal royalties.

 

Every time you create a new collection, you have to pay a small fee in ADA, since a token is created and burned, which prevents changing royalties later. Universal royalties on Artano can also be read on other Cardano marketplaces, so your royalties apply everywhere where the current CIP standard is respected.

What is Artano?

Artano is a community-driven, community-curated NFT marketplace. We are here to disrupt and democratize the digital art world using the Cardano blockchain!

Artano is a place for artists, collectors and curators to express themselves without having to worry about high fees, a detrimental impact on the environment or questions related to legal ownership of digital assets and NFTs.

Artano allows artists and collectors to easily create or trade unique digital curated collectables.

What are primary and secondary market commission fees?

Primary sale commission fee is 5% and the artist receives 95% of the profit.

Secondary sale commission the fee for Artano is 2.5% and the seller receives 97.5% of the profit minus the royalties set by the artist.

In case the artist is participating in a curated collection on Artano, the curator will receive a commission fee that is agreed upon by the artist and the curator and different marketplace fees may apply.

Why do I have to complete KYC?

The KYC procedure is needed to protect you, our user, and our platform from potential bad actors.

When collecting NFTs you should know that the person you’re buying the artwork from is who they say they are.

 

By partnering with GetID we are protecting our users by curbing wash trading and limiting inflated sales that are generated from multiple accounts run by the same person, as is often the case on other platforms.

 

Compliance is a cornerstone at Artano, which means that we remain a stable and compliant EU business prepared for the global regulatory changes aimed at NFT platforms. Increased compliance means increased global trust in blockchain technology, greater adoption into existing global infrastructure by decreasing the risks of money laundering and curbing illegal activity of bad actors in the system.

Read our article to get more information about KYC and why we need it on Artano.

How many NFTs can I put up for sale?

Both artists and collectors can list as many NFTs as they'd like, but only up to 5 are discoverable on the main page. This feature will prevent overflowing the main page with single seller profiles, and everyone will have to prioritize the art they would like to feature on the main page.

 

The rest of their NFTs will be sold either through the users profile, or through the search bar and hashtags which describe the NFT.

Can I list artworks I bought on other platforms?

No, you can only list artworks minted on Artano.

Can I import works I minted through Artamint?

Yes, if you have been approved by the council of artists, you can also import artworks minted on Artamint to your profile. Please use the same email address that you used for Artamint.

What is the function of the council and who are they?

The Council has several very important roles in the Artano community. They are responsible for initial curation efforts on Artano. They act as nodes in creating a global network of artists, bringing a diversity of art forms, experience and world views. The Council, with their close connection to the Artano community, will be able to advise the core Artano team on development and collaboration efforts to continually support the development of the platform.

 

The council members are a group of 20 globally selected people from the art community. They are digital artists and collectors or people highly engaged with digital artists from all around the world. They are painters, motion designers, CGI artists, curators, film makers, and much more.

How do I become an artist on Artano?

There are two ways to join Artano as an artist.

 

  • The most common way is to send your application through a form on the Artano website. The applications will be randomly distributed to council members for review. Once you are approved you are now free to mint and sell as many artworks as you’d like.

     

  • The second way to join the platform is to be invited by a council member. Each council member has only 15 invitations they can send for as long as they are a member of the council. These 15 artists are not automatically discoverable, and they have to apply to become discoverable like any other artist.

What is a policyID?

From the Cardano-developer website:

 

"Since asset names are not unique and can be easily duplicated, Cardano NFTs need to be identified by the policyID.


This ID is unique and attached permanently to the asset. The policy ID stems from a policy script that defines characteristics such as who can mint tokens and when those actions can be made.

 

Many NFT projects make the policyID under which the NFTs were minted publicly available, so anyone can differentiate fraudulent/duplicate NFTs from the original tokens.

 

Some services even offer to register your policyID to detect tokens that feature the same attributes as your token but were minted under a different policy."

Ready to join the Artano community?

If you're an artist ready to sell your work on Artano, make sure to fill out and submit this form for the review by our Council members.