Key terms: NFTs, wallets, gas, vaulting, and DIVIT
- NFT / item. A unique token on a blockchain, identified by its contract address and token ID.
- Collection. All the items issued under one contract on one chain.
- Wallet. The software holding your keys. Your wallet address is your identity on Unvault.
- Gas. The fee a blockchain charges to process a transaction, paid in the chain's native currency to validators — not to Unvault.
- Listing. A signed message offering to sell an item at a price until an expiry.
- Offer. A signed message offering to buy an item, any item in a collection, or any item with a trait.
- Pool. A contract that buys and/or sells a collection's NFTs against deposited tokens along a price curve.
- Drop. A mint event with a schedule and phases.
- Vaulting. Locking an item on its origin chain so a canonical version can be activated (unvaulted) on another chain.
- Creator earnings. The share of each resale that the collection's on-chain royalty configuration sends to the creator or to the DIVIT pool.
- DIVIT. Marketing rewards paid to a collection's holders from its royalty pool. The Minter's Bonus is the share of that pool reserved for wallets that minted in the drop.
- Protocol contracts. The on-chain contracts behind all of the above. They are owned by UV Tech Foundation; Unvault (BVI) Ltd runs the website and app.
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