Frequently asked questions

Find answers and general information quickly

NFT Basics

What is an NFT?

NFT stands for Non-Fungible Token. It is a unique and indivisible digital asset that represents ownership of a particular item or piece of content, such as a piece of art, music, video, or even a tweet.

Unlike fungible assets like cryptocurrencies that are interchangeable with each other, each NFT is one-of-a-kind and has a unique value. NFTs are created and maintained on a blockchain, which is a decentralized network with the highest level of security. This means that nothing can be manipulated on the blockchain, making it a safe and secure way to store and track ownership of digital assets. Because of this, NFTs are unique and cannot be replicated, ensuring their authenticity and scarcity.

What is a blockchain?

A blockchain is a digital ledger of transactions that is distributed across a network of computers. Each block in the chain contains a set of transactions, and once a block is added to the chain, it cannot be altered or deleted. This creates an immutable record of all the transactions that have occurred on the blockchain.

The blockchain is maintained and validated by a decentralized network of computers, making it a secure and transparent way to store and transfer data. The decentralized nature of the blockchain means that there is no single point of failure, making it very difficult for the data on the blockchain to be hacked or manipulated.

All those smart solutions within the blockchain technology make it the most secure and safe way to handle digital assets online, such as cryptocurrencies or NFTs.

What is Polygon/Matic?

Polygon (formerly known as Matic Network) is a Layer 2 scaling solution for Ethereum that aims to address the issues of scalability, high gas fees, and slow transaction times on the Ethereum network. It is a sidechain that is secured by the Ethereum mainnet, which allows for faster and cheaper transactions.

Polygon uses a Proof of Stake (PoS) consensus mechanism, which is more energy-efficient and faster than the Proof of Work (PoW) mechanism used by Ethereum. This allows for faster block times and higher transaction throughput, as well as lower fees for users.

In addition to providing a scaling solution for Ethereum, Polygon also supports interoperability between different blockchain networks, allowing for seamless communication and transfer of assets across different chains.

What is the carbon footprint of using our NFT marketplace, powered by Polygon?

We are proud to say that by using Polygon as the backbone for our NFT marketplace, we are significantly reducing our carbon footprint. This is because Polygon uses a Proof of Stake (PoS) consensus mechanism, which is much more energy-efficient and environmentally friendly than the Proof of Work (PoW) mechanism. According to studies, the average energy consumption for PoS networks is around 0.01-0.1 TWh per year, while the energy consumption for PoW networks can reach up to 70 TWh per year. Additionally, Polygon is actively working on reducing its carbon footprint through various initiatives such as integrating with renewable energy sources and supporting carbon offsetting programs

We believe that by choosing to use Polygon, we are not only providing a great user experience for our community, but also doing our part to protect the environment.

How is it possible to use license.rocks without needing to manage cryptocurrency?

Our mission is to make NFTs accessible to everyone, even those who are not tech-savvy. NFTs are built on a blockchain and can be complicated for many people, especially when it comes to using cryptocurrency. However, we have developed a user-friendly solution that makes it easy for anyone to explore the world of NFTs without any worries.

We have integrated versatile and smart solutions such as the Magic Link Wallet and smart payment providers that take away all the hassle and technicalities from the user. Our platform handles all the complex processes automatically and securely in the background, so you can focus on what matters most - discovering and owning unique NFTs. With our streamlined and hassle-free approach, anyone can participate in the NFT ecosystem, regardless of their technical knowledge or experience.

What are NFT Airdrops?

NFT Airdrops refer to the practice of distributing NFTs for free to a group of individuals or a community. NFT airdrops can be used as a marketing strategy by creators or projects to promote their work, build a community, or reward their existing supporters. Airdrops can be announced in advance, or they can be a surprise drop, adding an element of excitement and exclusivity to the experience. This can be a limited NFT at a launch or an additional NFT that only users who already own another specific NFT get. Recipients of NFT airdrops can choose to keep the NFTs or sell them on NFT marketplaces, potentially earning a profit.

Back to top

Getting Started

How do I create my account?

To create an account on our marketplace, simply click on the “Login/Sign Up” button, which will take you to the account creation process. We have integrated a smart and secure solution called the "Magic Link" that makes it one of the easiest and safest ways to create an account on our platform.

If you already have a cryptocurrency wallet, you can easily connect it to our platform via Metamask in the “Login/Sign Up” section. However, please note that this feature is currently only available on desktop environments.

How does the Magic Link work?

We have integrated an innovative and secure solution called the "Magic Link" that allows for password-free account creation and login. When you click on the "Magic Link" button, you will be sent an email containing a special link that will take you straight to our marketplace.

This technology is designed to verify your identity automatically in the background, without the need for passwords or complicated authentication procedures. The Magic Link is a secure and user-friendly solution that makes it easy for you to access our marketplace and start exploring the world of NFTs.

Do I need a Wallet?

Technically yes, you need a wallet to store your NFTs and other tokenized assets. However, we have made it incredibly easy for you to get started without worrying about wallet management.

When you create an account on our marketplace using the Magic Link, Magic automatically creates a Magic Link Wallet for you. This smart wallet is linked to your account and takes care of all the technical details in the background.

You can freely buy, sell, and collect NFTs without worrying about wallet management, as we handle all the technical aspects on your behalf. Rest assured that you have full control over your wallet, which is securely connected to your account.

Do I need cryptocurrency?

Actually, no. We are proud to be one of the very few NFT marketplaces that offer the option to purchase NFTs directly with your credit card. You don't need to worry about cryptocurrencies or other technical details.

We have taken care of all the necessary infrastructure behind the scenes, so you can shop for your favorite artists' latest creations without any hassle. We believe that buying and collecting NFTs should be easy and accessible to everyone, and we are committed to making that vision a reality.

Can I link my own Wallet to the marketplace?

Yes, of course. If you happen to be an NFT veteran, you can easily connect your wallet via Metamask in the “Login/Sign Up” section. Please note: this only works on desktop environment as of now.

How do I transfer my NFTs into another Wallet like MetaMask?

There is a function for this on your account on the marketplace! In “My NFTs” there you’ll find a button “Transfer NFT”, where you can choose an NFT, enter the public address of another wallet and start the transfer. This way you can send an NFT out to another wallet of yours or also gift a friend with an NFT you own.

Please note: the receiver must be a Polygon wallet! If you’re using wallets like MetaMask, you can simply set them to the MaticMainnet and use the public address you get after you’ve set it up. Please make sure to not have any typos in the address, since this would lead in losing your NFT forever somewhere in the blockchain.

How to send my NFT to mobile MetaMask wallet?
Configure your wallet to the Polygon Mainnet network

Network Name: Polygon Mainnet, RPC URL: https://polygon-rpc.com/, Chain ID: 137,
Currency Symbol: MATIC, Block Explorer URL: https://polygonscan.com/ 
 



  • Copy your address
  • Go to the marketplace website
  • Login as NFT owner
  • Click on your avatar in the right upper corner
  • Click on My NFTs
  • Click on Transfer NFT
  • Select NFT for transfer
  • Submit your MetaMask wallet address
  • Wait 2-3mins (transaction must be fully processed)
  • Import NFT to your MetaMask wallet

 

Contract address and id can be revealed on every NFT page

 

 

Back to top

Buying

How can I buy an NFT?

Once you've found the NFT you want to purchase, you can easily buy it with your credit card by adding it to your shopping cart and following the instructions provided on our marketplace. We make it easy for you to purchase NFTs without having to handle cryptocurrencies if you prefer not to. 

Placing a bid on an NFT auction is also a straightforward process. You click on the NFT, enter the amount you want to bid and confirm the bid. If your bid is the highest at the end of the auction, you'll win the NFT. Keep in mind that some auctions may have reserve prices or minimum bid increments, so make sure to read the auction details carefully before placing your bid. 

Is my payment safe and is no money laundering?
Since we work together with professional payment providers for both, credit card and crypto payments, and we’re a legit business settled in Germany, we try to do everything we can, to obey highest standards in terms of anti-money laundering laws. This means, that all payments on our marketplace are tracked and billed correctly. Also, every NFT you can buy on our marketplace includes the German VATs.
What is unlockable content?

Unlockable content refers to additional media or a brief text that can only be accessed by the owner of the purchased NFT. This feature is often used to offer exclusive content, such as unreleased songs or physical items like merchandise or vinyl records, which can be described in the unlockable content section. The content is displayed only after the purchase has been made, and the owner of the NFT is the only one who can access it.

What are the Payment methods?

Credit card

At the checkout you can simply choose Credit Card as your payment option and follow the instructions. We do the rest in the background.


Cryptocurrency

To buy NFTs on our marketplace, you can either connect your own wallet using Metamask or send Matic coins to your Magic Link Wallet, which is automatically created for you when you create an account. Your Magic Link Wallet address can be found under My Account > Payment Info. For more details about Magic Link Wallets and our processes, please refer to the FAQs in the "Getting started" section. If you prefer, you can also purchase Matic coins directly on our marketplace and use them to buy NFTs.

Which wallets are supported?

Our platform gives a possibility to transfer tokens to a concrete wallet. It is incredibly important to use a wallet which supports polygon network and erc1155 token standard.

The most famous ones are listed below:

  • Metamask
  • Trust Wallet
  • Coinbase Wallet
  • Gnosis safe
  • Argent
  • crypto.com wallet
  • Math.wallet
Back to top

If you still have questions, please don't hesitate to contact our support team!