🔩The Crafting System
The CATVEGAS specific feature that we have assigned is the crafting system. Verify that you have CATVEGAS in the market. Then, craft any NFT artwork belonging to Cheese Art Labs or any artwork that later becomes a part of Cheese
Art Labs using the product. After that, list the product. Earn a royalty fee via the NFT when the product is sold. (There is a limit to the royalty fees. Cheese Art Labs determines the fee in the system. When determining the fee, we must consider the user and the NFT owner.) Changes can be made to the system. Changes in the system are made by CATVEGAS owners through voting.
Preparation of the Product:
Users submit an application on the CATVEGAS platform to convert a Cheese Art Labs NFT or other work to NFT.
This application includes the selection of the user's work, digitization requirements, and other relevant details.
Applications are reviewed and approved by Cheese Art Labs or platform administrators.
Once approved, the necessary steps to convert the work to NFT are initiated.
NFT Conversion:
In line with the approved applications, the work selected by the user is converted into NFT format by the platform.
This process involves the creation of the digital identity of the work and this identity is recorded on a blockchain or similar digital ledger.
NFT conversion is of great importance in terms of protecting and tracking the digital rights of the work.
Product Listing:
The converted NFT work is listed on the CATVEGAS platform.
Listing the work means creating a list that includes details such as the owner, copyright information, descriptions about the work, and the selling price.
Users can expose their works to a wide audience by exhibiting and offering them for sale on the platform.
Royalty Fee:
When the NFT of the work is sold, a royalty fee is paid to Cheese Art Labs or other relevant rights holders.
The royalty fee is distributed according to predetermined rates and represents a portion of the proceeds from the sale of the work.
This ensures that artists and copyright holders receive income from the sale of their works on an ongoing basis.
Changes and Updates:
Changes or updates to the Craft System of the CATVEGAS platform are determined by CATVEGAS owners through voting.
Users and NFT owners have the right to contribute to the development and direction of the platform.
CATVEGAS' Craft System provides a powerful infrastructure for users who want to convert and sell their artworks into NFTs. At the same time, it gives copyright holders the opportunity to profit from the sale of their works, while encouraging a democratic approach where changes and updates are determined by the community.
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