# What is Fangible?
TLDR; Fangible is a platform where you can create, buy, sell, and manage your NFTs. You need a wallet to store NFTs and interact with the platform and Fangible never takes possession of your assets.
Fangible is an experience-driven NFT platform that brings together creators and fans through storytelling. Digital artists can create and sell their tokenized artworks while Users can participate in buying, selling and showcasing exclusive NFTs from their favorite artists, athletes, and influencers. In the future, both creators and fans will be able to engage on a different level.
Focused on simplifying the journey for the artists, Fangible removes the entry barriers and limitations associated with high transaction fees on Ethereum-based NFT platforms. The marketplace enables artists to create their own brand pages where they can showcase and sell their artworks to the community.
**How is Fangible different from other NFT platforms?**
We're just cooler to be honest đ
# Before we begin...
Here's a list of key terms used in the Fangible and NFT space and it's a helpful to review before you get started:
**Non-Fungible Tokens (NFTs)** â Non-Fungible Tokens (NFTs) are unique, digital items with blockchain-managed ownership. Examples of NFTs include digital art, collectibles, virtual reality items, crypto domain names, ownership records for physical assets, and more.
**Gas fees** â Think of gas fees as Binance Smart Chain transaction costs. Fangible has no say in setting gas fees â they are determined by supply/demand across the network (blockchain).
**Crypto wallet** â A crypto wallet is an application or hardware device that allows individuals to store and retrieve digital assets.
**Wallet address** â Your wallet address is unique. Itâs the address people will use when they are sending crypto or NFTs to your crypto wallet.
**Seed phrase** â Your seed phrase is a list of words that can be used to recover your crypto should you forget your password or lose access to your wallet. When you first begin trading with your wallet, find your seed phrase and back it up somewhere safe, in multiple locations if possible. Donât store your seed phrase on an online cloud storage service and never share it with anyone.
**Brands**â A brands is a body of work, like a store or gallery. Right now in Fangible you can only create one brands and decide on the standard of the brands. When you add an item under the brands, the standard of the item can only be the same as the brands.
# Blockchain Fundamentals
**What is a blockchain & how does it work? Why blockchain at all?**
A blockchain is a database system of recording information that makes it difficult or nearly impossible to change, hack, or cheat. Itâs essentially a digital ledger of transactions that is duplicated and distributed across an entire network of computer systems or what is called ânodesâ.
Blockchain is widely used due to two main reasons, blockchains are decentralized - this means there are no 3rd parties involved in approving your transactions on the chain, this also means blockchain is immutable (Tamper Proof) as they rely on all parties in the network agreeing on the blockchain (This is known as consensus).
Blockchain is highly secured due to its use of cryptographic keys and signatures - this prevents fraud such as other users pretending to be you as they would not be able to replicate your private keys.
**What makes NFTs different from other digital assets like Bitcoin or Ethereum?**
BTC and ETH are examples of fungible goods. They are interchangeable in the sense that each ETH is identical to another ETH, and can be used for practical purposes (buying, selling and borrowing). For example, if someone borrowed one ETH from you, they can pay you back with any other ETH. However, if they borrowed a specific tokenized piece of art from you, they would have to return that exact same piece of art back to you (as opposed to any other piece of art) â just imagine how ridiculous it would be to swap Mona Lisa with some random doodle.
**What is a Wallet?**
Blockchain wallet is a digital wallet that enables you to hold different cryptocurrencies, such as ETH and BNB. To mint, sell or buy NFTs on Fangible, you will need to connect your wallet and make sure you have a small amount of ETH or BNB ready.
**What is a Web Wallet? Metamask?**
A Web Wallet is a web extension wallet that allows you to manage your private keys via your web browser. You can store, send, and receive funds like any other cryptocurrency wallet. An example of a Web Wallet is Metamask, which can be used to interact with various blockchains such as Ethereum and Binance Smartchain. It allows users to access their wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications.
**What is Ethereum?**
Ethereum is a blockchain platform that enables people to build decentralized applications (dApps). It is currently the most widely used platform for NFTs.
**What's the difference between the ERC-721 or ERC-1155 standards?**
**ERC-721** was the first standardized interface for creating NFTs. It is immutable, transparent in ownership and security, and the most widely used. It will always be the gold standard of a valuable collectible NFT. Although transferable, trying to transfer an entire collection can be slow and inefficient, especially when gas fees are high. ERC-721 also requires a new smart contract to be deployed for each new type of token. Therefore, when you need to mint NFTs in masses, it doesn't make much sense to use this contract.\
\
**ERC-1155** is a dual purpose fungible and non fungible token. It was developed by Enjin, to tokenize things like common gaming skins and other commoditized items. Itâs faster and more efficient to use in batch token transfers and is considered âthe next generation multi-token standard,â as it can be deployed in a single smart contract for an infinite number of token types. The only real draw-back is that the NFT is harder to track in terms of ownershipâto save data stored on blockchain ERC-1155 has specifications on the Ethereum logs that have less robust information.
**What is Binance Smart Chain (BSC)?**
According to Binance, Binance Smart Chain is âa dual-chain architecture that empowers its users to build their decentralized apps and digital assets on one blockchain and take advantage of the fast trading to exchange on the other.â BSC is rapidly gaining traction in the NFT space for its high speed and low transaction costs.
# An Introduction to NFTs
**First things first, what (the hell) is an NFT?**
NFT (which is short for Non-Fungible Token) is an on-chain digital asset that represents ownership of a unique item, such as a piece of art, in-game item, music albums, domain names and so much more! They have distinctive identifying information and are generally encoded with the same underlying software as cryptos.
NFT's contain built-in authentication which serves as proof of ownership.
**How can I really own something digital, e.g. an artwork?**
Think about it like this, you own a physical piece of art, you know that itâs yours, because it's physically there hanging on a wall in your living area. But how do you know that something digital belongs to you?
Until recently, there was no effective instrument to track ownership of original digital items. It limited the possible ways for artists to monetize their digital creations to selling their physical copies, merchandise, or taking commissions. Now, it's possible with NFTs.
When you create an NFT, your item becomes inseparable from a "token". Essentially, you create an authenticity record, a proof of ownership, making it impossible to fake. It now exists in a secure shared database: blockchain.
This record comes with a set of metadata: name, image, description, and more, created once and securely stored on the blockchain. It also refers to the current owner of the piece.
**Canât you just screenshot an NFT and own it that way? Why are they worth so much?**
Good point, and it depends on how you view NFTs. If youâre looking at it from a purely functional perspective, youâre not wrong because you can screenshot an NFT artwork and store it on your desktop.
However, there are several things you canât do with just a screenshot. NFTs provide you with the ability to prove its ownership and scarcity, which are two factors in determining the monetary value of an NFT. If youâre hoping to trade it for profits in the future, a mere screenshot will not be able to help you unlock that layer of value.
Beyond that, some NFTs themselves have functional purposes. Many different types of value can be baked into the NFT token itself. For example, if your NFT also happens to be a playable avatar, youâll be able to use it to navigate its native ecosystem which again, you cannot do with a screenshot. This provides you with both an enjoyable gaming experience and the ability to potentially earn profits from the ecosystem itself.
**Characteristics of NFT's**
NFTs have several characteristics that make them unique. Some of these are:
* NFTs are non-interoperable - This means that one NFT cannot be used in place of another NFT. This is because each NFT is unique, with its own set of characteristics and information.
* Verifiable - All data related to NFTs are stored on the blockchain, making them easy to trace across owners. This allows NFTs to be authenticated easily.
Indestructible - NFTs are indestructible because they run on blockchain technology and utilize smart contracts. The blockchainâs inherent transparency and immutability ensures that NFTs cannot be destroyed or duplicated.
**What kinds of NFTs are out there?**
NFTs have already seen a variety of use cases. The most widespread ones currently include digital art and in-game assets. Music, multimedia, domains, Defi applications (e.g. insurances) are also starting to get traction.
**Is there any proof from the big players? Who has already issued NFTs?**
Even though NFTs are a creation of the blockchain world, their benefits are already being recognized by significant players across industries.
Celebrities like [Emily Ratajkowski](https://www.coindesk.com/videos/all-about-bitcoin-on-cdtv-clips/supermodel-emily-ratajkowski-sells-first-nft-to-reclaim-her-image) and [Jack Dorsey](https://www.coindesk.com/jack-dorsey-first-tweet-sells) auction various pieces off as NFTs.
You can read more about the big brands doing NFTs in the "How to make money on NFTs" section.
**I'm not familiar with blockchain. Will it be hard for me to start?**
There's nothing to be afraid of! Millions of people already use crypto, and you can easily join. The recent developments in the blockchain space make the user experience as easy and smooth as it can be. You will still need to get a wallet and buy some ETH to start â but we're offering a detailed guide on that here. Also, you can always find help in the Fangible community on Discord.
**Where do I keep my NFTs?**
All NFTs you create and buy live in your wallet. This is a home for your NFTs. It looks like (a very nice!) mobile app, a desktop app, or a browser extension. You also use this wallet for connecting to a marketplace, confirming transactions, putting something on and off sale, sending NFTs to someone. It is done in a couple of clicks. We offer a detailed guide on choosing your wallet, creating it, and topping it up in this guide.
**Where do I buy and sell NFTs?**
It depends on the type of NFT youâre looking for. NFTs can be bought and sold on marketplaces like Fangible (you've come to the right place!).
NFTs can also be obtained within their respective project ecosystems, by directly purchasing them with the projects native token.
# How to Make Money on NFTs
**Is it possible to make money on NFTs?**
No question - YES! In fact, if youâre new to this space, you might be surprised to learn how much money a single NFT can cost.
In December 2020, the total trading volume of NFT artwork alone hit [an all-time high](https://www.coindesk.com/nft-art-sales-reached-all-time-high-of-8-2m-in-december) of $8.2 million â so while the industry itself is still relatively new, thereâs already loads of money invested
**What kinds of NFTs are most popular?**
Remember that an NFT can take many different forms: it can be an image, a GIF, a video, an in-game item or even audio. Currently, the most prominent industries in the NFT world are in art and blockchain gaming with more and more use-cases coming about everyday. For instance, itâs even possible to tokenize real-world assets like real estate â and why wouldn't NFTs eventually become an acceptable form of proof that you own a certain piece of land, given that it's technically impossible to forge them?
**Why would anyone buy an NFT? What makes an NFT more expensive than others?**
Collectability is a huge part of human psychology: people like to collect things they enjoy, and most importantly, to own them.
NFTs derive their value from scarcity, along with existing market valuations. Generally, the rarer a particular NFT is, the higher the value it might be traded for in an open marketplace. Remember when CryptoKitties was a thing? The rarer your avatar was, the more money you could get from it.
Other factors are often also thrown into the mix, like the reputation of the artist and the various functions their NFT might serve. Think of it as traditional art valuation, which might seem odd to outsiders.
**Do I have to be an artist to make money in this industry?**
No! The beauty of the NFT market is that anyone could stand to benefit from it. From artists and developers to art collectors, traders, and even gamers â there are plenty of opportunities for everyone.
In other words, if youâre not too confident about your drawing/creative skills (which you really shouldnât be), you can always analyze the market and see some flipping opportunities. Alternatively, if youâre into blockchain games, you can sell a rare item that you farmed â in other words, the NFT industry is much more than just crypto artwork.
**Are brands doing something with the NFT world?**
Yes, theyâre getting in â which is also a major sign that the industry is growing by leaps and bounds. Corporations and organizations as big as NBA, Nike, Formula 1, Samsung, and Vodafone have all been involved in NFT-related product development or registered NFT-related patents.
Perhaps the most evident example of an NFT product backed by a popular organization would be NBA Top Shot, an officially licensed crypto-collectibles game developed by the team behind CryptoKitties. It allows users to collect and own digital âmomentsâ of different scarcity, which are essentially highlights from real NBA games â for instance, [the most valuable highlight](https://thehustle.co/nba-top-shot-most-valuable-highlight/) ($7,300) is currently a dunk performed by Lakersâ forward LeBron James. Users have spent a total of $5 million on the platform, making it the worldâs most successful sports blockchain product.
# What Can I Do on Fangible?
Fangible lets you buy, sell, create, transfer, and browse NFT's in one easy to use marketplace. Let's check out the different options below to get started!
To browse and buy, use the search tools on the Fangible homepage.
To create brands and item, select Create from the homepage to begin.
To sell or transfer an item you already own, go to your profile, click on the item details, and then select the option you want to execute.
# Creators v Fans
**What is a Creator?**
A person that brings unique content such as digital art, videos, audio or other forms of digital content onto the Fangible platform.
**What is Fan?**
An ardent admirer or enthusiast of Fangible Creator content.
**Iâm a creator. What can I do on Fangible?**
As a creator, you can sell your work on Fangible so long as you qualify through our vetting process. You can apply [here](https://ankrnetwork.typeform.com/to/UBxvAPWr). A creator can purchase and sell digital content from our marketplace.
**Iâm a Fan. What can I do on Fangible?**
On Fangible, you will find a variety of digital items. You can buy digital artwork or memorabilia from up-and-coming influencers, bid on exclusive pieces by world leading athletes, entertainers or artists, and show off your collection to thousands of users on the platform.
# Trading NFTs on Binance Smart Chain
Visit [bscscan.com](https://bscscan.com/) for detailed information about transactions on the Binance Smart Chain. You can input your wallet address or transaction hash to verify your transaction history. It's an excellent way to validate a transaction's current status.
# Buying NFTs FAQ
###
**How do I buy fixed-price NFTs?**
Buying items with a fixed price is simple on Fangible:\
\
Select the **Buy Now** button and follow the prompts in your wallet. Once the transaction is complete, the item will transfer to your wallet and the seller will receive the funds. It is that easy!
To view your purchased NFT, go to **My Gallery**.
### **Is there a minimum bid requirement?**
Each time Fangibel asks for a little more than the last bid: an increase of about 5% of the starting price.
### **When are Gas Fees charged?**
#### **First-Time Sellers**
If this is your first listing with Fangible, sellers must pay 2 transaction gas fees to set up their account. This is a one time fee that you will not pay again in the future.
#### **Creators**
Creating an NFT in Fangible costs Gas fees.
#### **Selling & Buying**
There are gas fees when the item is sold and who pays the fees, depending on transaction:
* Buyers pay the gas fees when purchasing fixed-price items.
* The last bidder pay the gas when accepting offers in the English Auction.
### **Why is the transaction confirmation time taking so long?**
As demand increases, processing times take longer as well. If you are experiencing delays, you can visit to find out details about your transaction, including an estimate on when it should be confirmed. Do not worry though â it will eventually complete.
### **Where can I check my NFT providence and validity?**
One of the unique benefits of NFTs is the ability to track every transaction on the Binance Smart Chain. Every NFT has an owner, creator, history, and this information is verifiable.
On each item page there is a section marked Chain Info where you can verify details about the contract used to create it:
# Selling NFTs FAQ
###
**How do I create a new NFT/Brands?**
Setting up your first NFT/Brands on Fangible is simple, let's walk through the steps below:
Firstly, from Fangible, select Create from the top menu.\
\
Now we have some options:
* Select Generate your NFT to start generating a single new NFT. Note you can turn contents in to NFTs without creating your own store or brand.
* Select Build your brand to begin a new brand.
You can create a contract and produce unlimited amount to NFTs under your own contract.
### **How do I list an NFT to sell?**
It's simple to sell an NFT on Fangible, let's walk through the steps below:
* From Fangible, select your profile image in the top right and then **My Gallery**.
* Select the NFT you would like to sell from your wallet. If you don't have an NFT available to sell, check out our create an NFT tutorial to get started.
* Select Sell.
* Choose the price, type of auction, and other preferences.
* When you are finished select Post Your Listing.
Please note, if you have never sold on Fangible before, you will need to pay one-time gas fees as described earlier.
To see the items you have listed to sell, from your profile page select the **My Gallery** or **My Brands**. You will see the item you just listed labelled with the transaction List.
# Claiming NFTs
In some circumstances, you will need to manually claim the transaction assets that you are entitled to, rather than them being automatically distributed.\
\
Sellers can view the item status of the transaction in **My Gallery** and click the details to find the entry of the claim. However, the buyer lacks this entry and only has the transaction record. Therefore, we set a unified entry in the Marketplace.
In **My Market**, both the buyer and the seller can find the item record of the transaction and claim the operation.
\
# Getting Started on Fangible
## **Essential things you need before interacting with Fangible**
1. **MetaMask Wallet** (Download [MetaMask](https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn) in Chrome Web Store). MetaMask stores your BNB and processes transactions on the blockchain. A unique wallet address will be generated and you will use this address to complete transactions. All transactions connected to your wallet address can be found on bscscan.com and it's a good idea to check this after completing each transaction. You may ask why you need a wallet before buying and selling on Fangible? Fangible never takes possession of your assets or stores your NFTs. Instead, we provide a system for peer to peer exchanges. Since you will be using Fangible to interact directly with others on the blockchain, you will need a wallet to help you turn your actions in the browser into transactions on the blockchain.
2. **A small amount of BNB for BSC, and ETH for Ethereum**. (You can purchase them through centralized exchanges, including Binance and Huobi, and withdraw tokens from an exchange to MetaMask; Or you can also ask your friend to transfer!)
3. **A Fangible Account.**
Feel free to reference the full user guide on how to set up MetaMask for [BSC](https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain) and [HECO](https://polynetwork.gitbook.io/docs/creating-heco-wallet-in-metamask), as well as depositing BNB and HT to MetaMask as Gas fee.
Let's get started:
## **Now letâs dive into Fangible**
1. Go to[ Fangible](http://fangible.com/) and select the blockchain you want to use. Connect to your wallet and confirm in MetaMask.
2\. Edit your profile. Head to the top right profile icon, select \[Account Setting].
3\. Fill out your info and \[Save].
# How to create NFTs on Fangible (ERC1155 & ERC721)
### Create Brand & NFT.
1. Click \[Create] and choose to \[Build your brand] or skip brand establishment to \[Generate your NFT] directly.
2\. Take \[Build your brand] as an example. Build up your own NFT brand by filling out all the info. Click \[Save] and confirm in MetaMask.
**ERC721 and ERC1155**
*They are two different NFT standards. To put it simple, if you want to create only one exclusive NFT for each graphic or music clip, please select ERC721; If you want to make a certain amount of copies of each NFT, please select ERC1155.* 
1. Click the profile picture, \[My Brands], and you will see the brand you just created.
2\. Enter the brand and click \[Add] to mint your NFT. 
3\. Fill the info about your NFT, upload the content, and click \[Submit]. Confirm in your MetaMask.
4\. Now you can see the newly-added NFT shown in your brand. 
### Put NFT on Sale
1. Click \[Sell].
2\. There are two types of sale, \[instant sale] and \[English auction].
\[Instant sale]
You just need to set a fixed price for the NFT and the amount of the NFT you are selling. Then click \[list].
\[English Auction]
\
**Minimum bid**
The price bidding starts at. It'll be publicly visible. You can manually accept bids above this value but below your reserve price if you want.
**Direct purchase price**
A direct transaction price can be set, that is, users can skip the bidding process and buy directly at this price. The direct transaction price must be greater than the Minimum bid and Reserve price.
**Reserve price**
Setting a reserve price creates a hidden limit,If you receive no bids equal to or greater than your reserve, your auction will not be sold.
Minimum bid ⤠Reserve price ⤠Direct purchase price
3\. Select \[Auction time] and click \[List]. Confirm in MetaMask.
Then you will see your NFT successfully listed.
# What's a Web Wallet? What's Metamask?
A Web Wallet is a web extension wallet that allows you to manage your private keys via your web browser. You can store, send, and receive funds like any other cryptocurrency wallet. An example of a Web Wallet is Metamask, which can be used to interact with various blockchains such as Ethereum and Binance Smartchain. It allows users to access their wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications.
# How to Get Setup on Metamask?
To get started on Chrome
1. Visit
2. Click âGet Chrome Extensionâ. You will be directed to Chrome Web Store.
3. Click âAdd to Chromeâ
4. On the pop up, click âAdd extensionâ
To get started on Firefox
1. Visit
2. Click âGet FireFox Extensionâ. You will be directed to FireFox Add-Ons.
3. Click âAdd to FireFoxâ
4. On the pop up, click âAddâ
For more information refer to the guide [here](https://metamask.zendesk.com/hc/en-us/articles/360015489531-Getting-Started-With-MetaMask)
# How Do I Connect My Wallet to BSC?
1. From your Metamask âSettingsâ, locate the âNetworksâ menu
2. Click âAdd Networkâ in the top right corner
3. Below are the parameters to fill in the fields
Mainnet (This is the one you are probably looking for)
Network Name: Smart Chain
New RPC URL:
ChainID: 56
Symbol: BNB
Block Explorer URL:
1. Click âSaveâ
For more information or additional instructions, refer to the article [here](https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain)
# How Do I Become "Verified" on Fangible?
The only way to get verified is[ to fill out this form](https://ankrnetwork.typeform.com/to/UBxvAPWr).
Here are some tips on getting it right.
You need to submit:
1. Filled-in profile on Fangible: user pic + cover + custom link
2. Links to at least 2 social media profiles. What we're looking for is active social media presence with a history, sharing your artworks, participating in the community. Large followers base is a plus.
3. Behind the screens/work in progress If you're a creator, show us the backstage of the work process on one of the minted items. If youâre a collector and it's not applicable, we will take a look at the items you previously purchased.
4. The story behind your account Tell us about yourself! Why are you on Fangible? What are you selling/collecting? What is the concept of your art?
# How to Search for NFTs?
If you're new to NFTs, it can all be a little overwhelming at first, but you've come to the right place. At Fangible, there are many ways to browse through thousands of NFTs.\
\
Here is an example of how to search NFTs on Fangible.
If you know what you're looking for, the search bar can help.
If you have a specific digital currency and want to filter it more specifically, you can try the currency filter.
# Fangible Support
You can contact our support team through our support page with any questions or issues. You can also reach us at our Discord community [**here**](https://discord.gg/PdJfXSzd)