THE OTHER PLACE

Frequently Asked Questions

The Other Place is a dedicated NFT marketplace developed in collaboration between NEST® and Casper. It is designed to enhance the NFT ecosystem on the Casper Network by providing artists with a platform to create, showcase, and sell their unique digital assets.
The Other Place is unique in its integration of the Casper Enhancement Proposal 78 (CEP-78), which introduces advancements like the categorized approach to NFT metadata (NFTKind). It also prioritizes the developer experience, offers end-to-end encrypted chats, and introduces features like NFTHolderMode for greater flexibility.
NFT Kind is a categorized approach to NFT metadata introduced on The Other Place. It includes virtual, digital, and physical modes. Virtual mode focuses on the digital representation of an NFT, digital mode emphasizes the virtual representation of work like images and videos, and physical mode pertains to physical assets represented as NFTs.
By implementing NFTKind, The Other Place considers potential use cases that may arise in the future, ensuring NFTs remain relevant. It provides a structured framework for developers to include comprehensive metadata, enabling better interoperability and discoverability across applications and platforms.
NFTHolderMode is a feature introduced on The Other Place that allows both user accounts and contracts to own and mint NFTs. This feature provides greater flexibility and opens up possibilities for contracts to actively participate in the NFT ecosystem.
The Other Place offers features like end-to-end encrypted chats, allowing for seamless communication and collaboration between participants. You can also engage with artists and collectors by liking, commenting, and sharing NFTs on popular social media platforms.
The Other Place features a home tab where you can find trending collections, highlighting the most popular collections at any given time. This helps you stay up-to-date with the latest trends and discover exceptional NFTs.
The Other Place offers comprehensive guides, tutorials, and resources to support developers in creating and showcasing their NFTs on the Casper Network. These resources aim to enhance the developer experience and help artists unleash their creativity.
The Other Place provides end-to-end encrypted chats, ensuring that user interactions and communications are private and secure. This feature protects the privacy of participants and fosters a safe environment within the marketplace.
Artists can monetize their NFTs on The Other Place by listing them for sale in the marketplace. They can set fixed prices or opt for time-limited auctions with buy-now options. This allows artists to directly connect with collectors and earn revenue from their creations.
Absolutely! The Other Place offers a profile management system where you can showcase all the NFTs you own, whether you created them or purchased them. Additionally, you can view statistics such as the number of NFTs purchased/created and track the value of your collection over time.
Yes, The Other Place offers a unique geolocation feature that allows you to explore NFTs based on their physical or virtual location. You can search for NFTs in specific regions, filter by continents, countries, cities, or even switch to a map view to visualize NFTs worldwide.
The Other Place is designed to support artists of all sizes, including small and emerging artists. It provides a platform for them to showcase their artwork and gain exposure. The marketplace’s features, such as trending collections and artist spotlights, help highlight their talent and boost their visibility.
Yes, when creating NFTs on The Other Place, you can add attributes and perks to provide additional details and customization to your NFTs. These attributes can enhance the uniqueness and value of your creations.
The Other Place exclusively supports wallets created on its platform, offering users the flexibility to either generate a new wallet or import an existing one by uploading it to the platform. Mnemonic wallet imports will also be introduced soon, further enhancing wallet options.

Yes, The Other Place exclusively operates with CSPR as its primary currency.

While credit card funding is available, users can also transfer CSPR from external wallets to fund their “The Other Place” wallets.

Creators will encounter a fee structure when engaging in NFT creation and listing. This includes gas costs, which are approximately 6 CSPR for minting and around 5 CSPR for listing. Detailed fee information is provided during transaction processes.

The platform’s minting fee is variable and dependent on network congestion. There is no fixed gas cost due to the dynamic nature of network usage.

Gas fees are applicable to various platform functions, including minting, listing for sale, listing for auction, making bids, purchasing NFTs, withdrawing from auctions, withdrawing from bids, withdrawing from sales, and funding your wallet.

Creators can cash out their earnings by converting CSPR to USD through cryptocurrency exchanges. It’s important to note that this process may entail transaction fees, which are determined by the chosen exchange.

The minimum cash-out amount varies and is subject to the policies of the chosen cryptocurrency exchange, as cashing out involves using external platforms.

Gas fees for auction listings may be higher due to the inherent nature of Casper Network, where the complexity of transactions can influence the gas cost.

In the time auction tab, the listing price serves as the starting bid price, simplifying the auction creation process.

Listings on The Other Place do not have expiry dates; however, users have the option to withdraw a listing and initiate a new one with adjusted prices.

Wallet details, including transactions and a summary of bought and sold NFTs, can be accessed through the Connect icon and the Profile section, offering users comprehensive visibility into their wallet activity.

You can reach out to us through our dedicated support email at customer@nes.tech for any inquiries, concerns, or assistance you may need. Our team is here to help!

Gas fees are transaction fees associated with blockchain networks, including the Casper Network, that are required to validate and process transactions. These fees cover the computational resources needed to execute operations on the blockchain, such as minting NFTs, transferring cryptocurrencies, and participating in auctions.

NFTs, or Non-Fungible Tokens, are unique digital assets that represent ownership or proof of authenticity of a specific item or piece of content, often in the form of art, music, collectibles, or virtual real estate. Unlike cryptocurrencies like Bitcoin or Ethereum, NFTs are indivisible and cannot be exchanged on a one-to-one basis.

Minting refers to the process of creating a new NFT. When you mint an NFT, you’re essentially transforming a digital item, whether it’s digital art, music, or any other form of digital content, into a unique, blockchain-backed token that can be bought, sold, and owned as a digital collectible.

TRX History, often referred to as Transaction History, provides a record of all the transactions related to your account on “The Other Place.” It includes details of purchases, sales, transfers, and other interactions within the platform. This history allows users to track their past activities and monitor their NFT-related transactions.

ZKP stands for Zero-Knowledge Proof. ZKPs are used to verify ownership, provenance, or certain attributes of an NFT without disclosing sensitive information, enhancing privacy and security.

Creating an NFT involves the process of minting a single, unique digital asset on the blockchain. This asset could be a piece of artwork, a music track, or any other digital content.

Creating a collection, on the other hand, involves grouping multiple NFTs together under a common theme or category. Collections help artists and creators organize their NFTs, making it easier for collectors to explore and discover related content. Collections often have a unifying concept, style, or purpose.

Royalties are a percentage of the resale price of an NFT that is paid to the original creator of the NFT whenever it is sold again on the secondary market. This mechanism allows creators to continue benefiting from the increasing value of their digital creations.

The standard royalty percentage for creators to set typically ranges from 10% to 20%, although it can vary depending on the creator’s preferences. It’s essential for creators to choose a royalty percentage that aligns with their goals and the perceived value of their work. Higher royalties can incentivize creators, while lower royalties may attract more buyers. Ultimately, the choice of royalty percentage is at the discretion of the creator.