What is the blockchain:

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system!

A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains several transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger (the decentralized database managed by multiple participants is known as Distributed Ledger Technology – DLT). A blockchain can record information about cryptocurrency transactions, DeFi smart contracts or NFT ownership.

Blockchains such as Flow, Bitcoin and Ethereum are constantly and continually growing as blocks are being added to the chain, which significantly adds to the security of the ledger.

The blockchain allows collectors to own/trade/sell/or auction digital assets the same way they would a physical card. The blockchain can also serve as a digital ledger tracking ownership of a blockchain asset by creating a new chain every time there is a new transaction related to that asset. The unique public facing Blockchain identifier ensures your digital asset cannot be duplicated, faked, or disputed.

OK and …what is the NFT and the Stickito NFT:

NFTs are sort of like digital trading cards, except each is one of a kind. Unlike other digital assets, there’s only one of them, with no copies. In that sense, it preserves the rarity of the digital asset at hand.

If you buy a physical official licensed Stickito sticker/card or other digital asset, you know it’s real because Stickito is the official licensee of the Brand for that asset. And anyone can photocopy the asset, but they don’t own them — you do!

Stickito NFT is like having your physical collections in a new digital format: NFTs! Simply it’s the digital version of the physical item, but: NFTs are like a signature for digital items or in other words, with a seal of authenticity… So simple!: They authenticate ownership of digital assets and that’s the biggest benefit: fraud prevention! Just like physical certificates, they document:

  • Who created it (or minted – that’s the correct word for NFT creation!): Stickito, of course, minted Stickito Official Licensed NFT Collections.
  • When it was created: You see full details!
  • Who bought it (and when): You know from stickitostore.com website who bought the NFT!
  • The price(s) it solds for: All Stickito Blockchain assets are tied to the most stable currency, the Euro (€). Having a stable currency as the basis of our Blockchain digital items allows the value of the assets to be driven by the demand for the asset, also known as the collector market, the same way our physical stickers/cards gain or lose value,
  • Who owns it now: So you can easily find who has the asset and propose an offer to buy, and
  • In which blockchain the NFT was minted: To create an NFT, you need to turn the digital asset into data that lives on a blockchain. Stickito uses Flow by Dapper Labs, to mint its NFTs and the platform of Rarible.

Each NFT is its own metadata codes, which are stored on the blockchain, to ensure that they remain unique. Because of that, to buy/trade/sell a Stickito NFT you gotta have a crypto wallet!

What is a wallet? Why do I need one to buy Stickito NFTs?

Your physical wallet probably contains your money, a form of ID, and maybe pictures of your wife/husband/kids and …your membership card of your favorite football club…

Your crypto wallet does that on a blockchain! It has an “ID” (a long string of numbers and letters, like for example Stickito Limited’s ID: 0xc25e8650a64e23c8), your cryptocurrencies and any NFTs you bought.

There are several wallet providers, including Blocto, Metamask, Fortmatic, Coinbase and Rainbow, among others. To buy Stickito NFTs you need to have a Blocto wallet and a Rarible account. However, it’s not necessary to have cryptocurrency credit on your Blocto wallet to own the Stickito NFTs!

How do Stickito NFTs use Blockchain Technology?
  • NFTs use the Blockchain as a neutral, permanent record (“ledger”) of creation and ownership.
  • NFTs use the Blockchain to create (“mint”) and distribute NFTs.
  • NFTs also use the Blockchain to provide a secure means for fans to interact and exchange with each other directly - on the Marketplace.
Does Stickito NFTs use Gas?

Each time a transaction is made on stickitostore.com a Flow Gas Fee is charged. When gas prices for Flow are high, transactions can take longer to process.

Where can I see my NFTs?

Inside your Blocto Wallet!

How do Stickito NFTs use blockchain technology?

Stickito NFTs use blockchain as a neutral, permanent record (“ledger”) of Stickito NFT creation and ownership. We collaborate with Blocto and Rarible as the blockchain backbone to support this.