Why VRYNT?
VRYNT is a platform that allows social influencers to share their creative digital vision with their fans. Fans can then use the individual components/items to MINT their version of the NFTs. Every user on VRYNT can create their NFT easily.
What is an NFT?
It stands for "Non-Fungible Tokens". NFTs allow you to create, own, and sell digital creations that cannot be copied, as the ownership is recorded on the blockchain. Digital creations can range from art, music, game assets, membership access cards, Identification, and more.
What is an NFT Collection?
An NFT collection comprises a set number of individual NFTs by an artist. Collections can vary in size; for example the Bored Ape Yacht Club Collection by Yuga Labs consists of 10,000 NFTs. Yuga Labs later released the Mutant Ape Yacht Club, which featured 20,000 NFTs. While it falls under the BAYC umbrella, it is a separate collection.
VRYNT's first collection is "Origins." The collection opens the door to our exclusive club membership, bringing you special discounts and whitelisting (early access) for future collections.
Limited supply and functional utility can drive demand for a collection. Scarcity and individual traits can also play a role in specific NFTs seeking more in the marketplace.
What is Minting an NFT?
Minting consists of using the minimum number of components and arranging them in the Builder in any way you see fit. Minting cannot be reversed, and all components used to create your design will no longer be available in your dashboard.
Where is my NFT stored?
Your NFT is stored in your digital wallet. You can list it for sale or transfer it to another individual with a digital wallet that accepts AVAX NFTs.
How do I get started?
You can purchase an NFT directly on the marketplace or build your own. To make your own, you will need to buy a component pack.
What is a component pack?
A component pack contains a random assortment of the minimum number of components/items required to Mint your NFT. Like a baseball card pack, you could open a legendary component and some common or rare components. Component Packs are the easiest way to get started building your first NFT.
How do I buy a component pack?
Component packs can be purchased on the live launchpad on VRYNT, found here.
How can I pay for a component pack?
You can pay for card packs in FIAT (Debit/Credit Card) or any supported Cryptocurrencies (Bitcoin, Bitcoin Cash, Dai, Ethereum, Litecoin, and USD Coin)
Purchase using FIAT (Debit/Credit)
Users can purchase Credit Bundles on the VRYNT Platform with their debit/credit card using our Stripe Integration. We support Visa, Mastercard, American Express, Discover, JCB, Diners Club, China UnionPay, and debit cards.
Amazon, and Lyft, use Stripe. Instacart, Shopify, Google and more. Stripe is certified to the highest industry standards and has obtained regulatory licenses worldwide. Decryption keys are stored on separate machines.
Can I return my component packs?
Once you purchase your component pack, it cannot be returned, but you can sell the individual components on the marketplace.
How do I purchase cryptocurrencies?
You must connect your MetaMask or Torus wallet to the VRYNT site. Once connected, you can use the balance in your wallet to purchase credit bundles.
Can I trade my NFTs, components, and component packs?
At present, you can only buy and sell items on VRYNT.
Is the VRYNT Credit a cryptocurrency?
No, the VRYNT credit is native to the platform and is not a cryptocurrency. The VRYNT Token is a separate item and is a cryptocurrency on AVAX.
What Blockchain is VRYNT on?
VRYNT Smart contracts and NFT collections are currently on the Avalanche blockchain.
Can I buy and sell individual components on the marketplace?
Yes, to both. One thing to note is that if you opt to sell individual components, you may run short of the required number of components needed to Build & Mint your NFT. You can always purchase a single component or components pack from the marketplace if you end up short of components.
VRYNT Marketplace
The VRYNT marketplace is home to buying and selling Component Packs, Components, and VRYNT NFTs. It is divided into three categories, where buyers and sellers can view the components, Component Packs and VRYNT NFTs for each collection.
My Inventory
When you purchase a component pack and individual components and NFTs from the VRYNT marketplace, they will be displayed in your dashboard, under "My Inventory". These items and VRYNTs will remain in your inventory until you choose to use them to mint your next NFT, transfer them to a new wallet, or opt to sell them on the marketplace to earn VRYNT Proceeds.
What is the Floor Price?
The floor price is the lowest current price for a collection. It is the minimum price someone is willing to sell their NFT on the platform.
I sold my first NFT; now what?
When you sell your NFT, your wallet will be updated with the corresponding VRYNT proceeds (VPs). To cash out, you will need to complete KYC.
Can I use an unlimited amount of components to build my NFT?
Each NFT collection sets the number of components that can be used to Build your NFT. You can use no more and no less than the number of required features.
Can I change different components in my NFT?
Yes, you can swap out the required number of components up until you Mint your NFT. Once you Mint your NFT, it is immutable. Different components can be purchased in the marketplace.
What makes an NFT more valuable?
NFTs are built using individual components. These components vary in scarcity from common to legendary. While the market dictates prices, an NFT built with all Legendary components should fetch a higher price than one with all common components.
The NFT Collection Sold Out. Can I still buy it?
During the Launch stage, you can purchase component packs and MINT the Collection NFT. Once it is sold out, you can buy Minted NFTs, but you will be unable to modify them. You can also buy the minimum number of required individual components in the marketplace to Build your own NFT.
When is the following Collection available?
Sign up for our newsletter to stay informed of future releases. You can also follow us on Twitter and Discord to stay current on new developments.
What is a wallet address?
A wallet address is like your home address. It is the address you provide to receive funds to your crypto wallet. The address consists of a string of numbers and letters produced randomly.
My Wallet is not connecting to VRYNT.
Make sure you are using Metamask or Torus and select the AVAX network. To configure AVAX with your Metamask wallet, click here.
Why do I have to make two transactions sometimes using MetaMask or Torus?
MetaMask and Torus will ask you to approve the VRYNT platform to interact with your wallet. Afterwards, you will then be able to confirm the transaction. This transfers the NFT to the Marketplace for listings or back to your wallet.
How to create an Account?
To create an account, you will need to create a username & password. You will also need a MetaMask or Torus wallet to store NFTs that you Mint & purchase on the VRYNT website.
I didn't receive my Verification Code?
If you have not received a verification code when trying to log into the site, please check your Spam folder.
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