What is BlockaPlay ?
BlockaPlay is a digital content distribution service with optional NFT creation, sales,licensing and renting of such contents.
How to set up my account ?
You can simply set your BlockaPlay account without any fee. You just need to verify your email address.
What type of digital contents can be sold in BlockaPlay ?
This digital content can be songs & music films, images,movies & documentaries, news, magazines, books & blog content, events, games, fashion or digital fashion, or decentralized apps. Users will be able to add any such digital content to blockaplay, optionally convert that to NFT and distribute, sell directly in the platform.
What is the use of NFT conversion ?
A Non-Fungible Token (NFT) is used to represent ownership of unique items. The items can be physical items or digital assets like digital arts, videos, etc. NFT is stored on a blockchain. It can't be interchangeable or not fungible.
What actually happens when we do a nft conversion ?
For NFT conversion we'll encode the digital content and calculate the SHA-256 hash of the content, and register the hash (not the full content) in Solana Blockchain, for future verification of its accuracy. Any change/tampering in the content will change the SHA-256 hash of the digital content and the future verification will be failed?
Is NFT conversion free ?
No, Users will have to pay us a fee (service fee + gas fee) for such NFT creation.
What are the types of marketplaces available in BlockaPlay ?
Rent, License and NFT marketplaces are available in BlockaPlay.
What is the NFT Marketplace ?
From here users can sell or buy NFTs they own. Users can specify whether they want to sell it for a flat fee or in an auction. If it is an auction other users can place their auction bid in the marketplace also users will have the option to update their bid.
What is the rent marketplace ?
From here users can rent out different types of NFT converted digital contents. Users can use the search box located on the marketplace to search for different types of digital contents. Users can also filter their contents based on category and price.
What is a license Marketplace ?
From here users can sell/buy licenses of different types of NFT converted digital contents. Users can use the search box located on the marketplace to search for different types of digital contents and also users can filter their contents based on category and price.
What is an auction in the NFT marketplace ?
Users can specify whether they want to sell it for a flat fee or in an auction. Users can place their auction bid in the marketplace. As they do it, the amount will be locked from their account until the auction is complete or their bid is canceled. The user who placed the highest bid got the NFT ownership when auction period end.
Is it possible to cancel or update my bid?
Users can cancel their bid anytime before the auction completes. If they want to update their bid, they can only bid with a minimum specified increment (configured by NFT seller ) to the current highest bid.
What are the payment methods available in BlockaPlay?
Paypal and wallet feature can be used for payments.