FAQs

Basic Guide

The madnfts.io marketplace is a NFT marketplace that supports the creation, buying and selling of NFTs (Non – fungible tokens) minted on the  Harmony blockchain. That means $ONE, the Harmony native token fuels all transactions on the MADNFT platform, in contrast to Rarible or OpenSea that use $ETH. You can also use FIAT currencies to purchase NFTs.

You can use these following wallets:

Follow these guides for setup:

 

ONE is the native token for Harmony which supports the monetary flow of the entire Harmony economic system and it has 18 decimals. ONE It has several important utilities that’s required for using the network and is essential to the security of the network.

  • Pay for transaction fee.
  • Stake to secure the network and earn reward.
  • Participate in open governance.

ONE is the token needed to interact with madnfts.io marketplace, which will be used for minting, buying, selling, transferring NFTs.

The best way to access $ONE is through regular Exchanges where you can exchange your crypto or FIAT assets to $ONE tokens.

Here is a list of the main supported Exchanges:

Marketplace

NFT stands for non-fungible tokens like HRC-721 or HRC-1155 (smart contract standard) tokens which are hosted on Harmony’s own blockchain. NFTs are unique digital items such as collectibles, artworks or game items. As an artist, by tokenizing your work you both ensure that it is unique and brand it as your work. The actual ownership is blockchain managed.

Note: The uploaded files can be any file format: Max 256MB

The process of tokenizing your work and creating an NFT.

NFTs are only minted upon purchase. This is why we have 0 upfront fees for creators.

Once a NFT becomes live as apart of an active drop, then no the price can’t change.

At the moment creators cannot send NFTs through the MADNFT platform. This is something we are developing and will be avialable in the future.

The HRC-721 standard and HRC1155 does not only allow the creation of NFTs, but also includes a possibility to destroy them – i.e. burning the token.

The burn address: 0x000000000000000000000000000000000000dead

 

Whenever you create a collectible you can set a certain percentage as royalty for secondary sales. Example: You create a digital painting and sell it for 10 ONE, the royalty is 10% percent. Your buyer at some point, sells your painting at a higher price for 50 ONE. Here, the royalty system kicks in. As the original content creator you receive 10% from this sale, being 5 ONE.

You can email us at [email protected]

Yes. When you click our RED FLAG icon next to the NFT in question, a pop-up box will emerge, asking you to explain the violation. This will generate an email to the creator asking them to confirm they have read and are happy to abide with our terms and conditions.

You can check the NFTs authenticity directly on madnfts > NFT page or by using reverse image search https://tineye.com/

Note: Every Creator and NFT will be vetted by our team until our governance token is launched where the community can vote on what gets approved on the platform.

  • Yes, Introducing fees will eliminate wash trading on MADNFT?
  • Current Fees:

Primary sales: 10% and a 2% royalty.

Example: art cost 100 ONE , the buyer will pay 100 ONE, the artist/seller will receive 90 ONE

At the moment madnfts.io works on mobile due to our responsive design. A mobile app is currently in development.

We currently developing a VR galley where creators can showcase their work online in the metaverse.

That is simple just follow this link to Become a Creator and decide the NFT you want to upload. Head over to the Academy and watch how to videos on all the essentials! All this and so much more is covered in our academy videos and our social media platforms once you join us.

All this and so much more is covered in our academy videos and our social media platforms once you join us.

Our ambition is to create an environment of high-quality curated work that the community fully approved before it is available for purchase. We are doing our best to learn from the experiences of this space and encourage all your suggestions and ideas.

 

  • Cross – This means a Creator has submitted their profile and is yet to be approved. They will only become visible on the site when they move to the next stage represented by a triangle. Please note, if a creator is rejected for any reason they will be notified by automatic email after 7 days asking them to re-examine the criteria for joining the platform and then to re-apply.
  • Triangle – After your creator profile has been approved, your drops are ready to be uploaded. Your drops will be displayed in the upcoming sections of the platform and are ready to be voted on by the community. (Check out ways to promote yourself by watching the academy videos). Once your drop receives enough votes your drop will move from upcoming to active drops and will have a launch date set by you. Creators should ideally identify a drop date at least 4 weeks in advance and then use this time to engage their community to come to the site and use the “Vote to promote” widgets to increase their visibility.
  • Circle – This means a Creator has an active drop with a date ready for the launch. Creators should continue to fully engage and promote their drop by encouraging their audience to come to the platform and vote for their work to increase their visibility on our ranking tables. 
  • Verified – This means an Artist has been proven to be authentic and has passed all steps towards full verified status. This includes; strong community engagement represented by an engaged following and social interaction, motivated creators that go out of the way to spread the MAD word to help other creators learn and enter the MAD platform.

 

Verified Creators are creators who we have curated for the MADNFT platform and have  been proven to be authentic and has passed all steps towards full verified status. This includes; strong community engagement represented by an engaged following and social interaction, motivated creators that go out of the way to spread the MAD word to help other creators learn and enter the MAD platform.

Verified badges are granted to creators who show enough proof of authenticity and active dedication to the marketplace. We are looking at multiple factors such as active social media presence, community engagement and number of minted and sold items.

The only way to get verified is by the MADNFT team.

In the future verified badges will voted by the community using our MAD TOKENS.

  • As a community we do all we can to protect the integrity of our space and ask all members to notify us of any wrong doing so we can act swiftly to protect everyone.
  • If you upload anything that is inappropriate or if you upload anything that you do not own the full intellectual property rights to do so your account will be suspended pending further investigation.
  • It is the creators sole and total responsibility to ensure they have full legal permission to use any content used to create their NFT.
  • All NFTs are created independently by the creators on this platform and as such MADNFTs cannot be held accountable for their actions.

Simply follow the steps connect your wallet of choice and away you go.

Just register your card in your account and it will all work smoothly.

  • Your NFTs will be safely stored in your MAD account, and you can redeem them at any time once you have a wallet setup.
  • To get started install the MetaMask chrome extension and use a browser supported by the extension.
  • Typically with all being well your NFT will be visible to the public not longer than 7 days after upload. This period gives the community the time to double check your new NFT does not break any rules of our community.
  • Once your NFT is approved it will become visible to anyone that visits the site.
  • Typically with all being well your NFT will be visible to the public not longer than 7 days after upload. This period gives the community the time to double check your new NFT does not break any rules of our community.
  • Once your NFT is approved it will become visible to anyone that visits the site.

The best way to to sell your NFT is to build anticipation and engagement from your fan base well ahead of your drop date. We recommend a lead time of 4 weeks to build a strong interest in your forthcoming drop using all the ideas we give you in our academy videos.

All this and so much more is covered in our academy videos and our social media platforms once you join us.

Fees

There are no upfront fees for creating your PROFILE BIO and your NFTs with MAD. We only charge a fee when you sell your NFTs. We charge 10% for all first sales and a 2% royalty is attached to all NFTs sold.

The short answer is we have great ambitions to create a platform that truly serves our community and that comes with substantial costs and the responsibly to continuously invest in its success and performance. Creators still earn 90% of all sales with zero up front costs or risks which is substantially greater than many other routes to market.

When our tokenomics model is fully launched this will give us the opportunity to reduce the temporary primary sales fee and align with competitive industry standards.

Cardano

Our mission is to Make a Difference to creators from all over the globe.
The short answer is no. We love Cardano, and the ecosystem which is FULL of creative and technical talent. After completing 30 NFT drops on Cardano over the course of last year MADinArt was able to expand to become MAD NFT. Our goal has always been to operate on multiple chains and give our creators the largest shop window possible. Our most recent drop on Cardano was in December 2021, MAD X DARTS ORAKEL. Since then we have continued to support crosschain communities and growth across multiple verticals. Our roadmap and faqs will have updated details on ADA support as we continue development.

We are currently working on developing our marketplace to facilitate Cardano based NFTs. Due to the nature of smart contracts on Cardano and the complexities we began developing on Harmony. We have remained in close communication with some Cardano based devs and plan on building out our Cardano functionality by Q4.

Here are all our Policy IDs for Cardano NFTs.

ICONS by Skin- Series 1
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MADinArt 15: Albert Einstein
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Ellie Murphy Drop #2
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MADinArt 13: Richard Williams

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MADinArt 17: Dino Tomic
2
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Rap ICONS by Skin
2fa7bb4e87a7f2c02ce9c0694260a6f5b002a8214a5e3fa40c6cd9fd

Dino Tomic – Salt Tiger
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Dino Tomic Creation of Adam
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MAD Comic – Page2
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Bruce Springsteen – ICON by Skin
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MADinArt 10: Esther Basher
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MAD Comic – Page 1
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Charles The Genesis
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MAD Comic – Page 3 & 4
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Dino Tomic – Robin Williams
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MAD Comic Page 6
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MAD Comic Cover
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Eminem ICON by Skin
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MADinArt 18: iSteef
d0e43d0d1e9f936cadbe557cb327527f4f9cfebc1d3bcbd516be7bb7

OMINDAN SERIES
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Ellie Murphy: LEGENDS
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Dino Tomic – Cardano Balloon
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Kayne West ICON by Skin
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MAD Logo Collectible
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MADinArt 14: Fahadouken Special
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Dino Tomic  – Dystopia
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MAD NFTs X Darts Orakel
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MADTAT
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Juice World ICON by Skin
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MadinArt 13: Richard Williams
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