KnownOrigin is famous for having a wide range of crypto collectibles. Users can discover or purchase unique and rare NFTs through the KnownOrigin marketplace. This review explains the digital art marketplace’s different features, pros and cons and more.
KnownOrigin At a Glance
| Blockchain | Ethereum |
| Types of NFT | Art |
| Fees | Up to 5% |
| Services | Buying and selling |
| Wallet | MetaMask, Argent, Trezor, Ledger, Coinbase wallet, and Brave Browser |
| Payment Method | Ethereum, Credit card or Debit Card |
| Platform | macOS, PC, iOS, android |
KnownOrigin is a marketplace for rare digital artwork. Each piece is authentic and unique. Artists can showcase and sell their work on this platform, protected by the Ethereum blockchain. They need to upload their digital artwork as jpg or Gif files to the KnownOrigin gallery, where everything is securely stored on IPFS.
Pros and Cons | KnownOrigin
| Pros | Cons |
| Carries wide range of crypto collectables | Only supports Ether |
| Perfect place for those looking for rare and unique NFTs | Fiat currencies aren’t accepted |
| Artists receive 10% royalties on secondary sales | Extremely high commissions |
| Simple and easy to use interface | Doesn’t have a mobile app |
| Safe and secure for buyers and sellers | |
| Exclusive artwork |
KnownOrigin Features
Here are the top perks that you need to know about the platform. Let’s have a look!
Cost-Effective Smart Contracts
The KnownOrigin token marketplace has cost-efficient smart contracts for NFT sales. It works with credit cards to reduce fees and makes it easier for artists to succeed. Smart contracts run automatically, and simplifying transactions without involving third parties. This allows creators to focus on their art while the smart contracts handle the technical aspects.
User-friendly Artist Tools
KnownOrigin NFT platform has incredible user-friendly tools. These tools make things easier for artists to prepare their NFT artwork for the web3 platform. Also, the good thing of this platform is that you don’t need to learn complex smart contract development to use the platform effectively.
Composable
Creators can add more digital stuff to their NFT artworks using composable non-fungible tokens with KnownOrigin platform. For instance, they can include 100 WHALE tokens, which make the NFT more valuable. Artists can also use their special tokens to make their NFTs more interesting for collectors.
Unique Sales Approaches
The KnownOrigin provides creators the unique ways to achieve optimal prices for their work through stepped sales and 24-hour reserve auctions. Stepped sales allow incremental pricing for non-fungible tokens, ensuring fair value. While reserve auctions let artists discover the highest bidder within a fixed time.
Fees
KnownOrigin primary sales royalty and fees are:
- 85% artist
- 15% commission fee
The secondary sales and royalty fees are:
- 85% seller
- 12.5% artist
- 2.5% commission
Payment Methods
KnownOrigin allows purchases with credit card or Debit card and cryptocurrency. Currently, the supporting cryptocurrency is Ethereum.
Types of NFTs
Here are the following types of trending NFTs on the KnownOrigin marketplace.
- Images – Includes digital art and photographs.
- GIFs – Very popular type of digital art that is made up of short clips or animations and replay over and over.
- Videos – Features animated and filmed videos with accompanying sound.