fxhash Secondary
Last updated
Last updated
The secondary market is where all the sales action happens, after the initial minting of a piece.
Fxhash has its own marketplace, separate from other markets on the tezos blockchain. On this marketplace you can:
View all collections by a specific artist
View an individual collection
View an individual piece within a collection
Buy an individual piece, if it is listed for sale
Offer to buy an individual piece at your preferred price, no matter whether it is for sale or not
List an individual piece for sale (trade)
What you cannot currently do, but may be able to do in the future:
Offer to buy any piece within a collection. It only works on individual pieces that you choose, at the moment
Get notifications that a piece has an offer on it - use to get them instead
Buy multiple pieces at once
List multiple pieces for sale - use fxhash++ for this
Re-list multiple pieces for sale - use fxhash++ for this
Some websites have been made to display fxhash artwork and have created the ability to buy and sell the pieces directly from their sites, such as fxTender. These sites use the fxhash contract, so whatever you do on their site is reflected back on the fxhash site, and vice versa.
Objkt is the biggest NFT marketplace on Tezos and displays the art of many different marketplaces, including fxhash. This is very handy, as it allows you to see most of the NFTs you have bought on Tezos in one place. But a word of warning; listing fxhash gentks for sale on Objkt will place them on their marketplace, not the fxhash marketplace. You won't see them for sale on fxhash, or the 3rd party sites that use its contract.
Select the marketplace option, then be blown away by the choices on offer! The default view shows the most recent piece of art listed for sale at the top. It is a good way to see what people are putting onto the market, in almost real time.
You can change the default view to instead sort via oldest listed, lowest price first, or highest price first. In most cases, you will skip this tool and simply search for what you want, using the search bar or filter bar.
Choose a piece of art from the main page and it will take you to that gentks own page on fxhash, where it will explain everything about the piece and provide the ability to buy or offer to buy it. If you need to know more about the overall collection that it is part of, select the 'open project' button.
Once a gentk is selected, it will give you the following options:
collect token
make offer
open project
see marketplace
Choosing this option will activate your connected wallet and ask you to confirm. It is very rare that you would need to change gas for this kind of purchase.
You can make an offer to the owner of a piece, no matter whether it is for sale or not. When you make an offer, you must have that amount of tez in your wallet. The tez you offer will be moved to an escrow account to ensure that when the offer is accepted, the tez is available. For example, if you offer 100 tez for a piece, your wallet will be deducted the 100 tez, just like if you bought the piece. If you cancel the offer, the 100 tez will be returned to you.
Offers made - To see offers that have been made on your pieces and also what offers you have made on other pieces, you need to go to your accounts dashboard. You can cancel offers from this page or from the tokens page.
Choosing this will take you to the collection's main page, where you can see all of its details. Choose this pathway if you want to see every piece from the collection. A great way to enjoy the art!
From the project (collections) main page you will see:
Title of collection
Amount of pieces in the collection and how many have been minted
Project # and date time published
A blurb by the artist/s - this can often explain additional information about a piece, including easter eggs.
Price - some pieces sell at a fixed price, so get cheaper over time (Dutch Auction, or DA)
Primary Split - where the funds go for the primary sales. This can be split to go to multiple people eg when it is a collaboration with three artists, a split of 50/30/20 might be decided. The contract will honour this.
Royalties - defines the percentage of each sale that is paid to the artist
Royalties split - the royalty can be split, just like the primary sale. Good in a collaboration, but also good for sending a % of royalties to charities, organisations or the minter (as a way to incentive and thank people for minting it). This percentage is of the royalty, so 25% to the minter is 25% of the 20% royalty (in the image below). Meaning 5% of each sale goes to the minter.
Tags
Reserves - If the artist/s provided a reserve list for people, this is where you can see them.
Choosing 'see marketplace page' will link you to the marketplace for that specific collection, where only the pieces listed for sale are shown. The default view is ‘recently listed’. A popular action is to sort by the listed price (low to high).
The page is broken into four main areas:
Project details
Project #
Project title
amount minted
Project marketplace data
1st sales (tez) - the amount spent in minting
2nd sales (tez) - the amount spent on the secondary market (royalties are a percentage of this)
2nd sales (nb) - the number of secondary sales
2nd sales 24hr (tez) - the amount spent on secondary market in the last 24hrs
2nd sales 24hr (nb) - the number of sales in the last 24hrs
Items for sale
Lowest 2nd sale
Highest 2nd sale
Floor - lowest priced item listed for sale
Median - the middle value of all pieces listed
Marketplace tools
Listed
Sort via recently listed, oldest listed, lowest to highest price, & highest to lowest price
Offers
See all offers made for individual pieces within the collection. In time, it will also show generic offers for any/every piece in the collection.
Stats
Period - see 24hrs, 7 day, 30 days or all time
Metric - volume in tez or nb, average sales, floor price, median & number of items listed
Activity
See, in chronological order, the activity of the collection
For sale
All items listed for sale, sorted by default as recently listed
Offers received - To see offers you have received, go to your dashboard and select 'offers (received)'. Fxhash doesn't have a notification system, so you won't be notified of an offer - use instead. It works very well
The escrow account is the fxhash marketplace v2 contract
Metadata - where the image is stored on
