Introduction to NFT

NFTs (non-fungible tokens) are unique cryptographic assets that cannot be replicated.

NFTs (non-fungible tokens) are unique cryptographic
assets that cannot be replicated.


Total 10
Yes, you can. Korea-nftmarketplace becomes available in the environment below.

Android app
- Mobile web (Enter in the browser address window on a mobile device)

* Korea-nftmarketplace app service support in the iOS environment is under construction to provide a support at the earliest moment.

Was this helpful?

도움이 되었나요?
Multiple NFTs associated with an identical digital content are occasionally issued and traded in the multiple nft-marketplaces. At this time, each of multiple NFTs associated with an identical digital content are called the edition.

Each edition is connected to an identical digital content but has a separate Token ID, and its transaction history is distinguished and recorded.

This is a concept similar to the term ‘edition’ in printmaking in the conventional art. Unlike printmaking, the contents connected to each edition are completely identical to one another. But, as the fixed quantities of editions are produced, a scarce value is found in each edition, which is similar to the nature of printmaking

Was this helpful?
도움이 되었나요?
  • NFTs are used to prove that an associated digital content and related rights belong to the NFT owner.
    NFT issuer (“Creator”) is entitled to assign and authorize specific NFT owner’s rights to NFT within a legitimate range. As such, NFTs that represent a variety of assets or digital contents can be issued.
  • NFTs being traded in the Korea-nftmarketplace basically come with the following :
    1) Owning/Using for personal purposes

    2) When a deposit and withdrawal are supported, subsequent rights to transfer an NFT ownership to another person are included and additional rights can be authorized depending on the issuer. (Relevant details are included in NFT sales information.)
  • [Note] The NFT does not mean the copyright (Moral rights of copyright and intellectual property) of digital content associated with the corresponding NFT, in itself.

    Therefore, derivative work or profit activities cannot be performed through this. In case this is violated, NFT owner’s rights can be limited or related disputes such as copyright with the original creator may arise.

    Was this helpful?
도움이 되었나요?
The following show transaction fees per market :

Marketplace: 2.5% of sales price or purchase price. Fees in the marketplace takes place as NFT transactions are made and fees are charged each on selling/buying according to certain rates.
Upon completing the sale, fees are deducted from the sales price and the amount left is deposited into the seller’s marketplace account.
Upon completing the purchase, the amount that includes the sale price and fees is deducted from the marketplace account.


Was this helpful?

도움이 되었나요?
Deposit in Korean Won (KRW), Ethereum or Crayton

Was this helpful?
도움이 되었나요?
Minting :
- The process of creating and publishing NFTs.

Edition :
- A unique unit of division of NFT (For example, NFT edition #1 with a total published number of 30 refers to the first edition out of 30)
- The number of editions published in each NFT may vary.

- Refers to a creator who first published NFTs, meaning a content provider (CP) from the service perspective.
- Click a creator profile image in the marketplace and the user can identify the NFTs published by the corresponding creator.


Was this helpful?

도움이 되었나요?
1) Extended User Convenience

With a Custodial Wallet (Centralized Wallet) structure, a customer does not need to store/manage a separate Private Key when creating a NFT wallet. Further, even the login and password which has been lost can be restored.

As orders and agreements on NFT transactions are performed in the off-chain, a customer does not need to conduct Signing or pay Gas Fees whenever placing direct and individual orders. Further, the agreements are not delayed or cancelled due to the blockchain network problem.

2) Verified Content Available

Now that Korea-nftmarketplace selects NFTs able to be transacted in the platform, it can manage the NFT quality being transacted and minimizes the damage of collectors likely to occur when purchasing NFTs issued without a legitimate authority such as a copyright.
The transaction support process through the Korea-nftmarketplace includes verifications for a variety of factors such as a creator’s KYS, whether to secure IPs of NFT-associated digital assets, as well as verifications for the rights of a NFT owner.

3) Providing Reliable Transaction Environment

The Korea-nftmarketplace applies top-level standards in the aspect of transaction management such as KYC/AML and abnormal transaction detection.
The Korea-nftmarketplace is scheduled to support deposit and withdrawal on the basis of mutually trusted wallets or exchange partnership to protect creator’s rights
When to support deposit and withdrawal will be separately announced after reviewing an agreement with a creator and risks associated with deposit and withdrawal from various angles.

Was this helpful?

도움이 되었나요?
NFT, short for Non-Fungible Token, refers to a non-fungible token.

NFT enables the ownership of digital files such as images and videos to be stored on the blockchain, making it impossible to commit forgery and falsification and storing them permanently. It also helps the ownership to be identified in a manner that is decentralized.
To put it simply, NFT is like labelling a token made with blockchain technology to digital files and assets such as images and videos.

Digital assets labelled with NFTs allow blockchain technology to record artwork owners and the transaction history, and this cannot be changed by anyone without permission due to the characteristics of technology.

Though the user duplicates the identical digital file with an NFT, it is like labelling another NFT different from the existing NFT. As such, it is distinguished from the original created with the NFT.
NFTs hold their own uniqueness. Ticket issuers, flights and seating positions are specified; therefore, they are like a flight ticket which has no identical product.

NFTs secure their uniqueness by leaving the encrypted transaction history permanently  in the blockchain.

NFTs are different from a traditional method of securing uniqueness by obtaining a certification from a specific individual or organization.

Was this helpful?
도움이 되었나요?
The korea-nftmarketplace, which is not an open marketplace but a curated marketplace, does not provide individuals with functions of issuing and selling NFTs freely.

No specific requirements are needs to sell artworks in the Korea-nftmarketplace, but transactions support is authorized after verifying creators and artworks from multiple angles and from the investor perspective.

The individual and entity who want to trade artworks in the Korea-nftmarketplace is requested to select the inquiry for NTF transaction support during the one-on-one inquiry. Then, upon receiving the filled-out form, we go through the first review and return with feedback.

Please excuse us for a late reply, if present, because we may receive multiple requests for transaction support service at the early stage of launching the service.

Was this helpful?
도움이 되었나요?
The korea-nftmarketplace receives part of the total selling price as fees when creators sell their artwork to users.

The fees are used for : technology support associated with NFT issuance and distribution, providing NFT management and search tools, infrastructure management of NFT-associated digital content, constructing and operating transaction platforms and reviewing intellectual property of NFT-associated digital assets.

Was this helpful?
도움이 되었나요?

Business Name: Michelle Won Holdings. 508 Wooman-Dong, Paldal-Ku, Suwon-Si, Kyunggi-Do, Republic of Korea