Frequently Asked Questions

What is ADA Magic Marketplace?

ADA Magic Marketplace is a new way to sell your artwork. It’s a space where you place your work, and once you sell it, it gets converted into non-fungible tokens (NFTs) and sent to the buyer. You are paid immediately and can use the money however you want.

Is it safe to use this marketplace?

Yes, ADA Magic was built with strong security measures in mind and best industry standard and practices. Community members are able to safely utilize our marketplace for their everyday needs as ADA Magic is a secure platform that boasts 100% safety.

What happens if the website goes down?

In the unlikely event that our website goes down, we are prepared to compensate you in full for any sales made on our platform. You will always be able to: sell your already uploaded work, receive the bought NFT, collect the money you earnt from your and transfer your funds anywhere you please at any given time.

What is Cardano?

Cardano is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. We couple this with a rigorous and innovative engineering process to deliver the next generation of blockchain technology. More information can be found here: https://cardano.org/

How do I use the marketplace?

It’s as simple as creating a new account and uploading some of your artwork. If you are a buyer, you simply send the ADA to the account of the NFT you want to buy.

How much does it cost to use this service?

For buyers, what its been displayed on under each artwork. For artists a flat 5% fee or 3.5 ADA, what ever is higher, that includes: File storage, transaction fees, operation costs,...

What is the blockchain?

The blockchain is a technology that was created to solve a math problem. It is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp and transaction data (generally represented as a Merkle tree). The timestamp proves that the transaction data existed when the block was published in order to get into its hash. More information can be found here: https://en.wikipedia.org/wiki/Blockchain

How do I mint an NFT?

To mint a non-fungible token you need to follow these steps: 1. Create an account at AdaMagic 2. Log in to your newly created account 3. Once you are logged in go to the Create section and select from your computer your artwork and upload it 4. Fill out the best way possible the form you are presented with 5. Click "Submit" 6. If something goes wrong, please, contact us via Twitter at our account @ada_magic_io or by email at info@adamagic.io

I do not find the answer I want to know

If you do not find the answer you want to know, please contact us via Twitter at our account @ada_magic_io or by email at info@adamagic.io and we will try to solve your problem as soon as possible.