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FAQ

FAQ

What’s in a box?
See Homepage

How do I buy a ‘box’?
**CHECK IF THE BOX IS OPEN FOR PURCHASE FIRST**
If the box sale is not yet open (usually opens for a week mid-month) or the box has sold out, you may be charged gas anyway, which is non-refundable. If you do try to buy the box when it is not available, your Metamask should come up with the warning below.
To buy our box, you need an Ethereum wallet with funds and a metamask plug-in. You can go to our homepage and click the button that says ‘Buy Box’. When you click to buy, you’ll receive a metamask pop-up showing the price and estimated gas fee. If you want to purchase the box faster, you’ll need to increase your gas fee, if not, you simply press confirm. In the future, we hope to also accept fiat currency.

How much is a box?
Boxes are paid for using ETH, so the value in traditional Fiat currencies fluctuates. Each box costs 0.65 ETH.

When do I get my NFTs? How do they arrive?
Your NFTs will be sent directly to your Ethereum address at the end of the month. At this point, NFTBOXES Ltd. locks the Smart Contract to stop our customers transferring or selling the box until all NFTs have been dispatched. Unlike other projects, NFTBOXES Ltd. covers the gas costs of dispatching the NFTs, which saves our customers’ money. Once they’ve arrived to customers’ Ethereum addresses, NFTBOXES Ltd. unlocks the Smart Contract so boxes can be traded, sold and transferred once again. As it is the NFT art, collectible and project pieces that hold value in our boxes, the box itself holds no intrinsic value. The box is still an NFT, but it has fulfilled its function, therefore it’s a nice m omento, but won’t fetch a high price on the secondary market. It may help you to think in terms of buying a Playstation or X-Box and reselling the empty cardboard box it arrived in.

How do the NFTs get on the blockchain?
Not all NFTs are created equally – some projects code the NFT’s metadata onto the blockchain and link their images to a cloud service like IPFS. Linking to images like this carries the risk of censored or inaccessible images. At NFTBOXES Ltd. we don’t shortcut the process. Our friends at NFT42 helped us create an Ethereum smart contract, meaning our NFTs are backed-up in more than one location and will live for as long as Ethereum does.

What is the Ethereum blockchain?
Your NFTs will be sent directly to your Ethereum address at the end of the month. At this point, NFTBOXES Ltd. locks the Smart Contract to stop our customers transferring or selling the box until all NFTs have been dispatched. Unlike other projects, NFTBOXES Ltd. covers the gas costs of dispatching the NFTs, which saves our customers’ money. Once they’ve arrived to customers’ Ethereum addresses, NFTBOXES Ltd. unlocks the Smart Contract so boxes can be traded, sold and transferred once again. As it is the NFT art, collectible and project pieces that hold value in our boxes, the box itself holds no intrinsic value. The box is still an NFT, but it has fulfilled its function, therefore it’s a nice momento, but won’t fetch a high price on the secondary market. It may help you to think in terms of buying a Playstation or X-Box and reselling the empty cardboard box it arrived in.
Ethereum is a platform that’s open-source and decentralised. Decentralised means that the data is spread across a network of computers and none of its information is stored in a central location. The idea behind decentralising information is to give control back to the users. It’s based on a blockchain, a specific type of database that stores information in ‘blocks’ that are then linked or ‘chained’ together. As the new data from the newly created or ‘mined’ block is always added to previous blocks on the chain, it’s stored in chronological order. Information on decentralised blockchains cannot be edited by returning to the historic block and changing data, only by sending a new instruction. Ethereum allows for Smart Contracts and DApps (Distributed Applications) to be built and run. Smart Contracts are designed to automatically execute or control actions. DApps have Smart Contracts that define that particular DApp’s rules or logic, their data is stored on the Ethereum blockchain. The Ethereum blockchain also has its own cryptocurrency, known as Ethereum, Ether or ETH. It’s programming language is called Solidity.

What are NFTs?
Non Fungible Tokens are digital products (usually media eg. visual art or a video clip) that contain individualised data that makes each one unique.

What does open-source mean?
Open-source means the source code and data are public. In NFTs, this means not only can you view the metadata, but also the transaction history and owner history (date received, Ethereum address and price etc.). This means theft doesn’t really work with NFTs, as even if someone manages to steal something, this will be obvious from viewing the history.

What’s Discord?
Discord is a chatroom where you can meet to instant message other users. In Discord, you can create your own server to host conversation relevant to a specific topic. The NFTBOXES Ltd. server can be found here.