UplandFanArt has recently launched on Atomic Assets and there has been a lot of questions about what is WAX? What is Atomic Assets? What is Upland Fan Art? Hopefully this FAQ will answer many of your burning
With all the recent buzz around NFTs on WAX and Atomic Assets(AA), (especially with Blockchain Heroes (BCH) going their official launch on AA
What is WAX?
WAX is the safest and most convenient way to create, buy, sell, and trade virtual items – to anyone, anywhere in the world.
Hundreds of millions of people around the globe already trade digital and physical items. But the problems that plague the digital goods and trading community have stunted its growth far beneath its full potential.
WAX has created a full suite of blockchain-based tools that allows anyone to trade digital or even physical items instantly and securely, to anyone, anywhere.
WAX white paper
What is AtomicAssets – WAX?
AtomicAssets is a NFT standard for eosio blockchains. It focuses on strong usability and efficient RAM usage. Learn more at AtomicAsset.IO
What is UplandFanArt (UFA)?
UplandFanArt (UFA) is a collection of NFTs built on the AtomicAssets – WAX blockchain. Check it out here!
What is the purpose of UFA?
UFA’s primary focus is publishing promotional NFTs for the Upland community events and giving Upland Artist an easy, highly visible, outlet to publish their art.
Is UplandFanArt an Official Upland NFT?
No, this is a fan and community driven project. However, this project has been discussed with and approved by the Upland development team.
Has this project been approved by the Upland development team?
Yes, it is going to be critical that any successful fan or community driven project has a “blessing” from the Upland development team. We are all huge Upland fans and at the end of the day we want to create content that is going to reflect positively on the Upland brand. UFA runs all base designs/ideas by the Upland team and we take their feedback as gospel.
Have you had any designs been rejected?
While the Upland team has not out right reject any ideas (They are incredibly collaborative and flexible!) There has been a couple designs that got feedback and required tweaks. The main piece of feedback has been around use of the official Upland logo. It is critical that these community driven projects do not come off as being Official Upland content, so not having the Upland logo being a prominent attribute is key.
Can I be involved in UplandFanArt?
Yes, absolutely! UplandFanArt is open to all Upland community members.
So you will print anything I want?
No, there are quality and branding standards that need to be adhered to in order to ensure compliance with both AA and Upland. Don’t worry this is something we will work on together, there hasn’t been any issues so far.
Do I get my assets directly?
Yes, our development method would be to print the assets directly to the artist’s/creator’s wallet. We are also working to understand and leverage the latest APIs and features available through AtomicAssets.
Can we sell the NFTs that are created?
You own these NFTs and once in your wallet you can do with them as you will, including selling them. Please note, UFA is not a cash grab! All prints will be in limited runs and should be seen as collectibles and digital art.
Why would I go through UFA for my art/promotions? Why wouldn’t I just create my own collection, its soo easy!?
This is a great question! UFA has a few advantages:
1) UplandFanArt has been approved and is a verified collection by AtomicAssets. This means UFA will be held to certain AA standards of quality and asset consistency. UFA was the first (and currently only) verified Upland related collection on AA.
2) UplandFanArt works with the Upland development team to ensure all community standards are adhered to. One less thing you have to worry about.
3) You don’t need to learn AA. While the basics of creating NFTs is actually super easy, the UFA team is connected to the the AA development community and is working to stay on top of all the trends and features so you don’t have to!
4) Brand recognition, UFA desires to be known as a high quality high integrity brand. This is critical in a market where literally anyone can start making NFTs. Having a known brand in the market ensures desirability and collectibility of the UFA assets.
5) Now featured on waxplorer.com! As of 07/25/2020 UplandFanArt has been selected as one of the exclusive collections listed on waxplorer.com. This is the first in many additional connections that will bring visibility and brand recognition to UFA.
What about the resale fees?
If you aren’t aware, one of the more interesting features of these WAX chains is that a cut of all secondary sales goes back to the collections creator. The percentage is 0-15% and set by the collection owner. This is a huge draw for major brands who often don’t see any value from the secondary marker (Brands like Topps and BCH have been at 8-10%). UFA hasn’t changed from the default of 5% and will continue to monitor the market and work with its contributors. At this time we aren’t expecting high volumes of secondary sales, but we will be working with all artists and participants to ensure an equitable outcome in the event sales increases drastically. Given that the primary focus on promotional prints and assets sent directly to artists the vast majority of any trades/sales would be limited to the initial sale and would result in over 90% of the sale price go to the artist/promo winner.
Is UplandFanArt trying to control the market?
No, UFA has no plans or desire to “monopolize” this space. The goal of UFA is to be the Topps of Upland Fan content. We want to create a recognized brand with strong standards and quality. Our goal is certainly to be among the most sought after collections with some of the best artists, but this is a huge space! We hope others create the Fleer, Donruss and Upper Deck of Upland community content. Growing a large fan base with lots of options is the best result for the community.
So if I create me own collection will I be “black listed”?
Absolutely not! We encourage active and open conversations among all creators, UFA or otherwise! Come check #wax-chat on the Upland Fan Discord, there is lots of good conversations!
Where can I see the UFA work?
On AtomicAssets! Check it now!