HUMBL NFT Gallery FAQs

What is the HUMBL NFT Gallery?

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The HUMBL NFT Gallery is for connecting creators and buyers in the digital economy. HUMBL is collaborating with key partners to create and sell curated collections of NFTs through the use of blockchain technology. We will feature NFTs across categories like: sports, entertainment, fashion, photography, and art.

What is Blockchain?

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Blockchain is a public digital ledger (database) of transactions that stores information chronologically. It is duplicated and distributed across the entire network of computer systems on the blockchain.

 

The term blockchain also refers to how the data is stored in ”blocks” of information and then linked together in a permanent “chain.” When a new block is added to the chain, it makes the previous blocks even harder to modify, which helps each block become more and more secure over time.

 

Most blockchains are decentralized. What does decentralized mean?

 

No single person or group has control of it, and immutable meaning that all the transactions on the database are permanently recorded and verifiable by anyone.


What does HUMBL NFT Gallery offer?

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HUMBL lets you buy tokenized collectibles, gaming items, digital art, and other blockchain-based digital items from creators and partners. As a NFT creator, you can list your collection as a buy now or auction. 

 

If you would like to have a featured auction please email marketplace@humblpay.com


What is an NFT?

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NFT stands for Non-fungible token.


Think of an NFT as a digital stamp of ownership used to confirm the authenticity of a unique item. At the moment that stamp is recorded (tokenized) on a secure public database (blockchain), the stamp becomes verified as one of a kind and cannot be modified or copied.


An item is fungible if it can easily be exchanged or substituted and maintain its same value. A dollar bill is an example of a fungible item because it can be replaced or exchanged for 4 quarters and still retain the same exact value. Other fungible items include:

  • Gold
  • Bitcoin or other crypto currencies
  • Casino chips

An item is non-fungible if it cannot be substituted because it has unique qualities that make it different from other similar items. While many NFTs are digital, they can be used to verify the authenticity of real world items too. Examples include:

  • Event tickets
  • Photography
  • Collectibles like trading cards
  • Music
  • Digital art
  • Virtual items like video game skins and avatars
  • Tangible assets like real estate, cars, and even designer clothing

It is that publicly verifiable ownership that makes NFTs valuable because it allows them to be easily and securely traded or sold and allows for a variety of additional uses like:

  • Unlock owner benefits like exclusive access to an event or an experience
  • Artist/creator royalties
  • Chain of custody verification, eliminating ticketing fraud

What is MetaMask

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MetaMask is a cryptocurrency wallet used to interact with the Ethereum blockchain. Users can access their wallet through a browser extension or mobile app, which allows users to purchase digital creations in Ether. WATCH HERE

What is minting?

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The process of registering an item as a token on the blockchain. The minting adds a permanent stamp of authenticity and uniqueness. Similar to the way that physical metal coins are minted and added into circulation, NFTs are also tokens that get “minted” once they are created.

 

The minting process also adds key elements of value, the unchangeable rules by which that token will function in the form of a smart contract and the chain of ownership. Once a token is minted, it can no longer be touched or altered.


What is Ethereum?

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Ethereum is the blockchain that HUMBL uses. 

 

Ethereum is also considered by many as a world computer. That means that any information stored on it isn't managed by any central authority, but rather stored across thousands of computers worldwide.


What is WETH? (Wrapped ETH)

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WETH (Wrapped ETH) is a wrapped form of Ethereum which  allows users to make pre-authorized bids that can be fulfilled at a later date without any further action from the bidder. WETH is used to buy and sell with auctions on HUMBL Gallery.

How much are gas fees?

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Gas fees will fluctuate, you can get an estimate here: balance checker tool

How do I get started buying?

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Step 1: Create a HUMBL NFT Marketplace account. If an account has already been created use your credentials or log in via OTP (one-time password).

 

Step 2: Connect your MetaMask wallet. If you don’t have one, you can download MetaMask and set it up here - MetaMask

 

Step 3: Select the NFT of your choice and “place bid” or “buy now”. 

 

Step 4:  If bidding on an auction you will need to get wrapped ETH (WETH). Watch video HERE

If purchasing a “buy now” NFT, you will be prompted to approve the transaction via MetaMask. 

 

Step 5: You will receive an email confirmation once your payment is complete and the NFT will be transferred to your MetaMask wallet.

What payment methods does HUMBL NFT Gallery accept?

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You will need to connect your MetaMask wallet to buy an NFT on HUMBL Gallery. 

 

The transaction will process through your wallet which will transfer the NFT to you after payment. 

 

Credit and debit cards (Visa, Mastercard only) are accepted when purchasing “buy now” NFTs.  

 

No neobank cards

No pre-paid cards

No gift-cards

 

Some credit card issuers charge cash advance fees for crypto purchases.

 

Not all card issuers support crypto purchases. The daily max is $500. You can access higher limits processing by following instructions on the checkout page

 

You must be able to accept incoming SMS messages to authorize, and access your online bank/card portal to see “temporary authorizations” to access an authorization code.


Where can I track my activity and transactions?

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All activity and stats are located within My Dashboard. To locate your dashboard select my account and select my dashboard.

Now that I have made a purchase, where do I find my NFT?

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The NFT will be in your MetaMask wallet. Your NFTs can also be viewed in your dashboard.

Are NFTs refundable?

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HUMBL is unable to issue refunds as transactions on the blockchain are irreversible. HUMBL has no ability to cancel, revert, or modify any transactions on the Ethereum network.

What happens when I win an auction?

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Once you win a bid you will receive a notification confirming you are the winner. The funds will automatically be transferred from your MetaMask wallet to the seller’s.

How can I place a bid?

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Ensure your MetaMask wallet has sufficient funds and select “Place Bid” next to the NFT. A pending authorization will be placed until the auction closes.

I placed a bid, but it wasn’t accepted. When will I get my refund?

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No funds were exchanged while placing a bid. The pending authorization will drop once the auction closes.

How do I list my own NFTs?

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  1. Create your account
  2. Connect your MetaMask wallet
  3. Click Create in the navigation bar
  • Click Create your collection 
  • Upload your Logo, Banner, and select Royalties.
  1. Once your collection is created you can add your items. You must ensure the thumbnail image and the NFT image are the same. For the thumbnail image we recommend 540 x 470px. Maximum file size is 50MB. For the NFT image the maximum file size is 100MB.

Submit your NFT for approval. Once approved by HUMBL your NFT will be ready to mint. *HUMBL admins may reject your NFT for a variety of reasons to include profanity and vulgar content.

What if I have pieces that are not minted?

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You came to the right place! You can mint your NFTs directly on the platform and upload them to your collection. At this time you can only upload NFTs that need to be minted.

Can I remove one of my listings?

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A listing can be removed; you will incur a transactional gas fee for the removal.


How much should I list my NFT for?

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You have the flexibility to define your pricing.

Can I list my NFT as an auction or buy now?

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Yes, both options are available when listing an NFT.


How do I get notified when someone bids on my items?

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You will receive an email whenever a bid is placed on one of your listings.