We thrilled to announce its support of the Tezos blockchain! With this update, PromptSea now supports three different blockchain networks (Polygon, BNB and Tezos), providing creators with a range of options to meet their unique needs.
Tezos users can connect with any Tezos-based wallet via the Beacon SDK and start creating NFTs that contain amazing prompts, AI-arts made by or able to use on Midjourney, DALL-E, ChatGPT and any AI-tools or browsing to acquire those that you would like to purchase.
PromprSea provides an innovative Web3 solution for trading prompts in special permission NFTs. Not only you can list prompts, but you can also list art, comics and any other works that contain exclusive content for your followers and fans.
Unlike typical NFTs, where all information is publicly accessible, we have our KMS in place to help protect private information and give authorization to the targeted group to access it.
Tezos is a blockchain network that prioritizes security, formal verification, and flexibility. It was created in 2014 by Arthur and Kathleen Breitman, who designed it to address issues they perceived in other blockchain networks, including lack of governance, inflexibility, and security concerns. The Tezos network uses a self-upgradable protocol and operates on the Proof of Stake consensus mechanism.
Tezos launched its mainnet in 2018 and has since gained popularity among developers and businesses among the ArtTech community. As of April 2023, Tezos has a market capitalization exceeding $1 billion and ranks among the top 50 cryptocurrencies by market cap.
Two new features have been integrated into Tezos NFTs
We’ve introduced a flexible fee and royalty fee structure that can benefit creators at all levels. By default, a 10% commission and royalty fee will be applied since we are a prompt marketplace and item prices tend to be low. However, we are open to discussing and overriding the fees on a case-by-case basis.
Royalty is a new feature exclusive to Tezos. It works by giving the original owner of an NFT 10% from the purchase price when the NFT is traded on the secondary market.
Here is an example — John created an NFT that contains prompts to create a monkey character and set the maximum supply to be 500. He also set the price at $1 each. When this NFT is sold out on the primary market, John will receive $450 (after deducting a commission fee of 10%).
Later John needs to enable the secondary market panel to allow anyone to list their NFTs at their desired price. Assume that Bob lists his NFT for $2. When it sells, Bob will receive $1.6, John will receive $0.2, and the platform will receive $0.2. As mentioned above, the fee can be negotiated.
Lastly, All NFTs created on Tezos are compliant with the FA2 standard, which is equivalent to Ethereum’s ERC-1155 standard. Please note that Tezos does not have an ERC721 equivalent.