People are able to engage in trades with non-fungible tokens thanks to KnownOrigin, which is a decentralised application (dapp). It is a platform for the arts that is powered by blockchain technology, and it enables illustrators to create uncommon digital art that can then be sold to customers on the internet.
David Moore, Andy Gary, and James Morgan are the three individuals that initiated the creation of KnownOrigin. Since April of 2018, users have been able to access the platform. KnownOrigin takes great satisfaction in its ability to form connections with a diverse group of artists that produce unique digital artwork. After minting a new ERC721 non-fungible token, an artist has the option of either placing it on the market or holding an auction to sell it. Art collectors are then given the opportunity to either buy it outright or place bids on the cryptoart.
Commissions are the main source of revenue for KnownOrigin. When an item is initially sold, the artist is required to pay the platform 15 percent of the total sale price. Additionally, the site takes a 2.5 percent cut of any secondary sales.
Features
- Exclusive Artwork
- High Royalties
KnownOrigin Alternatives
License Model
KnownOrigin Information
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2: Blockparty
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3: Foundation
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5: SuperRare
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6: Rarible
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7: OpenSea
OpenSea is a decentralised market that allows users to purchase and trade non-fungible tokens. At this time, it is the most popular NFT marketplace in terms of transaction volume. Recently, the platform successfully completed a Series C investment round in the amount of $300 million dollars, which resulted in a valuation of the NFT marketplace of $13.3 billion dollars. Over the course of the previous year, OpenSea has experienced significant expansion, and in January of 2022, the platform processed a…
