LaCollection NFT marketplace specializes in digital fine art.
Nuts and bolts
- Marketplace offers NFT artwork from organizations such as the British Museum, the Leopold Museum, and the Museum of Fine Arts, Boston.
- Three ways to buy: open auction, blind auction, and fixed price. Prices are in Euro and ETH.
- LaCollection NFTs are sold in editions. This is a set of NFTs that all share the same attributes but have unique token IDs: Ultra-rare (usually two editions), Super-rare (usually ten editions), Rare (usually 100 editions), Limited (usually 1,000 editions) or Common (usually 10,000 editions).
- When an NFT is minted, metadata recorded on-chain includes artwork details, scarcity (Unique, Rare etc.), total number minted, the total number remaining to be purchased, and IPFS hash.
- A collector receives the artwork as a 4K jpeg with a Certificate. They own the NFT but do not have any rights to the related physical object.
- When gas fees are high, then NFT and ETH transfers can take up to a few days.
Launched in 2021