FAQ

• What is a NFT?

  NFT means a non-fungible token. NFTs are digital tokens on blockchain, that can be used to represent ownership of unique items. They let us tokenize goods like art, music, collectibles, sport memorabilia, or every physical or digital asset worth to be represented in the digital space. NFTs can have only one owner at a time, and they are secured by the blockchain. In other terms, no one can modify the record of ownership or duplicate your NFT.

  Non-fungible is a definition that you could use to describe objects or goods which are not interchangeable with other items, because they have unique properties. For example, dollars are fungible because you can always exchange $10 USD with 10 one-dollar bills. Otherwise, collectibles are not fungible, because every item has a different value from another.

  NFTs solve some of the problems that exist on the internet today. As everything becomes more digital, there is a need to replicate the properties of physical items like scarcity, uniqueness, proof of ownership, and anti-counterfeit.

• How do NFTs work?

  NFTs have some special properties:

  - each token minted has a unique identifier;
  - each token has an owner, and this information is easily verifiable;
  - no one can manipulate it in any way.

  They exist on the blockchain, and they can be bought and sold peer-to-peer as well as on any blockchain-based NFT marketplace. You are not locked into any specific platform, and you don't need anyone to intermediate NFTs.

• Where are the “Dolce&Gabbana and P.J. Tucker NFTs”?

  They live in the Ethereum blockchain. Ethereum is the most widely used blockchain in the world, with a market capitalization second only to Bitcoin. Most of the NFTs market is on Ethereum.

• How do you know your NFT is authentic?

  NFT ownership is recorded on the blockchain, and that entry acts as a digital certificate. The blockchain is a transparent ledger that everyone can verify, but which cannot be counterfeited.

• What do I need to redeem the NFT?

  To receive the NFT it is necessary to have an address on the Ethereum blockchain. The redeeming procedure requires that you communicate the Ethereum address where you want to receive your NFT.

• I completed the redeem process, but I’m still waiting for my NFT.

  The NFT is not sent immediately, it will require up to 7 days before receiving it. An email will announce you when the NFT has been sent.