FAQ'S

1. Do I need a crypto wallet to sell NFT on the NN platform?
Yes, you will need a crypto wallet to sell NFT. Once there is a sale of your NFT, the profits after necessary deductions are transferred to your crypto wallet.
2. Do I need to connect my crypto wallet to the NN platform?
NamasteNFT will never ask you to connect your wallet to the platform. All sales and purchases of NFT will only happen via secure & well-known marketplaces.
3. Why should I join NN?
Joining us gives you access to a strong Indian-inspired community to showcase your collections. You get a bigger stage to promote yourself and your NFTs in a simpler, more effective way.
4. How will the NFT be priced?
There are different ways of pricing your NFTs on Namaste NFT. Initially, the floor price will be fixed from our side and this will depend on the artwork or collective. The pricing will be on the affordable side (rather than luxurious), making it accessible to more NFT enthusiasts. Another option will be to set up an auction where the buyers can enter bids and the work can go to the highest bidder.
5. What is GAS Fee?
Gas refers to the fee, or pricing value, required to successfully conduct a transaction or execute a contract on the Ethereum blockchain platform.
6. Who pays the gas fee?
The gas fee is the transaction and processing fee paid. It is usually paid by the buyer of the NFT. These fees are required in the case of minting an NFT as well, which has to be borne by the platform. These expenses will be adjusted against the seller’s profits once the NFT is sold.
7. Will the seller be able to resell the NFT bought from me?
Yes, the buyer will be able to resell the NFT purchased from our platform on any platform of his choice
8. Will I receive Royalty?
The choice of whether a royalty fee is required or not has to be made by the artist. Our recommendation will be not to set more than 20 % royalty as this will give the buyer more profit on reselling.
9. Can I sell the NFT on NN on a different platform as well?
Once the NFT is available for sale on our platform, you will not be allowed to sell it on any other platform/marketplace.