NFT FAQ

Blockchain 101

  1. Create a MetaMask Wallet on metamask.io; where you can store your cryptocurrencies, in this case ETH that means Ethereum cryptocurrency.
  2. Create an account on Binance (binance.com) or Coinbase (coinbase.com) where you can buy your cryptocurrencies, in this case ETH, Ethereum cryptocurrency.
    Coinbase and Binance are cryptocurrencies exchange; where you can trade them.
  3. Get verified on Binance or Coinbase, in order to buy ETH, the Ethereum cryptocurrency, it might take up to 24h
  4. Buy ETH on Binance or Coinbase via a wire transfer or credit card.
  5. Add the amount to the MetaMask wallet: Take the Ethereum public address from MetaMask Wallet and then withdraw the Ethereum from Coinbase or Binance to this public address and automatically they will be added to your MetaMask Wallet.
  6. Create an account on OpenSea (opensea.io) in order to make the bid.
  7. Connect your MetaMask Wallet to your OpenSea account: when you are logging in the OpenSea account, MetaMask is the Verification App that is safeguarding the OpenSea account.
  8. Deposit the ETH from MetaMask Wallet to OpenSea in order to make the auction, they will be automatically transformed in WETH, Wrapped ETH; the cryptocurrency that allows you to bid.
  9. Go to Colnago C64 NFT and place your bid.

 

How does the auction work?

The C64 NFT will be sold to the highest bidder, English auction style.

Any bids made in the last 10 minutes of the auction will extend each edition auction by 10 additional minutes.

 

When can I start to bid?

The auction will open on May 11th, 2021 at 8.00 am NZST and will end on May 25th 2021 at 23.59pm PST.

 

Is there a minimum bid?

Yes. The minimum bid has been set at 1.95 WETH (5.515€ / 6,750 US $). There is no limit on the bid.

 

How can I place a bid on OpenSea?

In order to participate in the auction, first, you need to create a crypto wallet with MetaMask Wallet and an OpenSea Account.

Once you have a balance in your wallet, you can place a bid in the auction by pressing  “Make Offer”.

If you want to place the bid in ETH (see below)  you will need to choose WETH (more info below).

Then put the amount and the expiration date of your offer in the auction.

Here is a full guide from OpenSea: https://openseahelp.zendesk.com/hc/en-us/articles/360063518053-How-do-I-make-an-offer-on-NFTs-

 

How can I open a crypto wallet?

MetaMask is one of the most popular crypto wallets. It has a Chrome extension compatible with OpenSea. The integration with MetaMask and OpenSea makes it much easier to participate in the auction.

 

Download MetaMask Wallet Extension: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn

Download MetaMask Wallet: https://metamask.io/

 

Where can I buy WETH (Wrapped ethereum)?

You can buy a WETH, (which has the exact same price as ethereum), on crypto exchanges like Binance, Coinbase. You can also buy them directly with a credit card in the MetaMask wallet.

 

How can I buy WETH (Wrapped ethereum)?

You can buy a WETH, (which has the exact same price as ethereum) by depositing ethereum from a crypto exchange. You can also buy it with a credit card.

The credit card option takes up to 10-15 minutes and requires few easy verification steps.

 

What happens if my bid does not win the auction? Can I get the money back to my account?

Yes, If someone bids higher than you and you lose the auction, you can transfer the cryptocurrency back to the exchange, (to Coinbase or Binance, for example) and then withdraw the money back into regular currency (like euros or dollars).

 

Do you need help?

We are glad to guide you throughout your bid process and answer any other questions you may have. Please feel free to contact us at [email protected]

 

We will gladly guide you in this process? Maybe something here to make them feel secure about the transaction?

 

How to place a bid on OpenSea

You will need to create a MetaMask Wallet and an OpenSea Account to participate in the auction. Then once you have a balance in your wallet then you can place a bid in the auction. This is by pressing the “Make Offer” then if you want to place the bid in ETH then you will choose WETH. Then you will place the amount and the expiration date of your offer in the auction.

 

Here is a full guide from OpenSea: https://openseahelp.zendesk.com/hc/en-us/articles/360063518053-How-do-I-make-an-offer-on-NFTs-

 

How to open a crypto wallet,

One of the most popular crypto wallets is MetaMask, they also have an Chrome extension that is compatible with OpenSea. The integration with MetaMask and OpenSea makes it much easier to participate in the auction.

 

Download MetaMask Wallet Extension: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn

Download MetaMask Wallet: https://metamask.io/

 

Where to buy WETH,

Wrapped ethereum (WETH) has the exact same price as ethereum. You can buy it on crypto exchanges like Binance, Coinbase or can you buy directly with a credit card in the MetaMask wallet.

 

How to buy WETH

Wrapped ethereum (WETH) has the same price as ethereum, you can buy the WETH by depositing ethereum from a crypto exchange or buy with a credit card. The credit card option takes up to 10-15 minutes with a few easy verification steps.

 

How will the auction work?

The C64 NFT will be sold to the highest bidder, English auction style. Any bids made in the last 10 minutes of the auction will extend each edition auction by 10 additional minutes.