What is cryptocurrency?
Cryptocurrency is a digital asset people use as money. It uses blockchain or a decentralized (not run by any single entity) tech to record and manage any transactions. There are many types of cryptocurrencies out there, and they are referred to as tokens. Like real money, you can exchange them for goods and services.
How does an NFT work?
Every transaction uses software referred to as cryptocurrency wallets. A person needs a private key or password to make the transfer. Each transaction is encrypted for safety and then added to the public network. Each amount is public minus who sent the transaction. When someone has sent the transaction, they have unique keys similar to a bank account number. This is just a small example. Some cryptocurrencies may work differently.
How does an NFT convert to actual currency?
Your local store will probably not accept Bitcoin as payment. So how do you turn it into cash? One way is to sell your cryptocurrency on an exchange website. This includes sites like Coinbase, Kraken, and more. Bitcoin debit cards and ATMs also make it easy for you to convert your cryptocurrency to actual money.
How do you earn in crypto?
There are numerous ways to earn cryptocurrencies. The most common way to buy cryptocurrencies is using money. Another well-known way is through mining. Mining involves solving mathematical equations, and these will validate transaction blocks. When validated, the money is yours—at least a fragment. Validation is a complex process, and it needs a complex computer to do so. Few cryptocurrencies require just an ordinary computer.
Why was this method chosen to raise funds for the NFT?
ViciNFT is an environmentally friendly service and plans to host other artists who may have similar goals and ambitions in mind.
What charities does Vici donate to?
An artist chooses the charity of their choice to donate to. As for ViciNFT, every transaction has an additional donation to charities that are dedicated to stopping climate change. Each climate change organization is carefully selected so that they are organizations that will make every dollar count.
How does Vici help the environment?
NFTs are often criticized for their carbon emissions due to how much power they use. However, ViciNFT is carbon neutral, and each sale has an additional donation, which goes towards charities that can help with environmental issues.
How do I place a bid with ETH?
You place a bid with ETH like you would with any auction. Auctions start at a starting price, and bidders put the amount of money they want to put down on the auction. When the auction is over, you will be notified
Can I use a credit card to place an NFT bid?
Yes, you can! Bid with it like you would with any other website.
What fees will I have to pay?
There is a 25% donation to a charity dedicated to helping protect the climate. This is to ensure that we are a carbon-neutral organization.
This poem by Johnny Depp is a unique piece of memorabilia digitally hand-signed by the artist and is limited to just 1 unique edition.
About the Artist
Johnny Depp is an occasional thespian, actor, musician, and artist. His works include portraits of people who inspired him in his life, including Jack Kerouac and Marlon Brando, along with album cover art, for example for Divinidylle and Bliss.