Monetization & Trade Policy

Updated: Dec 2, 2021

As an artist, you can monetize your artworks on The Morpheus Project marketplace, while collectors can trade Holo-NFTs on the marketplace.

Types of Holo-NFTs

There are two types of Holo-NFTs namely Fresh and Minted Holo NFTs.

Fresh Holo-NFT

Fresh Holo-NFTs are new tokens that have been created for the first time, which will be registered onto a blockchain once it is purchased. The first purchaser will be dubbed as the first owner of the token, who will need to pay the gas fee to create the token on the blockchain. Note that the gas fee to create a new token is slightly higher than to edit an already minted Holo-NFT.

Minted Holo-NFT

Minted Holo-NFTs are tokens that have already been registered on the blockchain. Therefore, when a Minted Holo-NFT is being traded, only the details of the token is edited. The gas fee to edit the details will be less than when making a Fresh Holo-NFT.

Type of Fees

On The Morpheus Project marketplace, there are different types of fees, namely First Sale and Secondary Sale Fees.

First Sale Fee

This is a commission fee on the first trading transaction of a Holo-NFT (applied to both minted or fresh Holo-NFT) that occurs for the first time in The Morpheus Project marketplace. The company reserves the right to collect the commission fee of the first sale. The first sale commission fee is agreed upon between The Morpheus Project and a creator before a Holo-NFT is traded.

Secondary Sale Fee

The secondary sale refers to any subsequent transaction on a Holo-NFT aside from the first sale. The Morpheus Project marketplace will collect a commission fee from the secondary sale. The original creator can assign a royalty fee for a Holo-NFT.

Type of Programs

The Holo-NFT sale contract under this Project is strictly between one offeror and one offeree since there is only one unique NFT that represents one digital file (underlying asset). Once the seller (offeror) sells the NFT to the buyer (offeror), the seller exhausts that exact NFT. In most cases, the underlying assets are tied to the unique respective

From the supply side point of view, the Holo-NFT Marketplace comprises two programs namely Digital Artist Program and Museums and Verified Artist Program.

Digital Artist Program

This Program allows for any aspiring digital artist to start creating the Holo-NFTs of their digital art pieces right away. For every newly minted Holo-NFT that is sold, the Project takes 10% cut of the sales figure and then 2.5% of the price of each subsequent sale. Note that the creator can assign a royalty fee for a Holo-NFT.

Verified Institutional and Artist Program

This is an elevated program designed for museums, art galleries, or professional, and established artists that need the verification and tailored marketing support. The onboarding process includes a rigorous Know-Your-Customer (KYC) procedure in order to ensure the identity of the account holder. Once the verification is finished, each member of the Museums and Verified Artist Program will receive a special digital badge that they can use to display on the profile in the marketplace to let other members of the community know that they are part of the verified program.

In addition, the special digital badge will be displayed in the virtual gallery. In addition to the verification service, the members of the program will be eligible to receive extra support with marketing and advertising their Holo-NFT in the Morpheus Project ecosystem. For the aforementioned services, the Project takes 30% share of the value of the first transaction and 5% of the price of subsequent transactions. Note that the creator can assign a royalty fee for a Holo-NFT.

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