What is a Digital Collectible?
You can think of your collectible as a unique digital item that you can optionally claim as part of your ticket that you purchase to attend an event.
The collectible is not needed in order to attend the event, however can not only act as a moment from the event, but provide access to unique digital experiences pre & post-event.
Your collectible is unique to you & is stored in your own collectible (NFT) wallet.
Every ticket for the event comes with its own collectible & as such your collectible is apart of this limited collection.
How does a Digital Collectible benefit me?
A digital collectible has a number of unique benefits:
- A sentimental collectible acting as a momento from the event.
- The ability to be used as a ‘Digital Key or Pass’ into digital experiences created by the event organiser or artist.
- A Proof of Attendance linked to your ticket from your attendance of the event
These collectibles can display artwork or imagery created by the event organiser or artist which can be easily viewed in your Collectible (NFT) wallet.
These collectibles can also optionally act as a digital key or pass into unique experiences such as community channels, merchandise or digital environments.
It is the event organiser or artist that determines the utility of your collectible, so make sure to check your email from the event organiser for further details on what your collectible offers.
How do I claim my Collectible from the event?
You will need a Collectible (NFT) wallet so that you can receive & hold your NFT.
We recommend the Rainbow mobile wallet as it is user friendly, can be setup within 5 minutes & you can safely secure the wallet using cloud backup from your mobile device.
To get started, visit: https://rainbow.me/
You can also follow our video guide on creating your wallet, here:
https://www.nft.get-protocol.io/wallet
I don’t understand Digital Collectibles or NFTs, are there any good resources to learn further about this technology?
If you would like further resources to understand Collectible (NFTs) & how they function, we recommend this video by Simply Explained:
https://www.youtube.com/watch?v=FkUn86bH34M
Do I need Cryptocurrency to use my Digital Collectible post-event?
No you do not need to own any cryptocurrency to receive your digital collectible, view your collectible in your wallet, or use your collectible to access any digital experiences setup by the event organiser or artist.
If you wish to sell your collectible on a Collectible (NFT) marketplace, then you will need Polygon (MATIC). A guide and platform is accessible here: https://www.moonpay.com/buy/matic however this is completely optional.
What gives a digital collectible its potential value?
Since there are a limited number of collectibles in existence for the event, this scarcity can give your collectible value should there be enough external demand from other fans or the wider collectible ecosystem.
If the event organiser or artist uses these collectibles to offer access to digital experiences then other fans or speculators outside of event attendance may be interested in acquiring a collectible to access these experiences or have a collectible from that sentimental moment in time.
It is your responsibility as the collectible holder to handle any sale of the collectible on a collectible (NFT) marketplace & trading or selling your collectible is entirely optional post-event.
Where can I sell or trade my Collectible?
You can trade your collectible on the Collectible (NFT) marketplace OpenSea: www.opensea.io
You can do this easily through the following steps:
- Open the Rainbow mobile app
- Press on your desired Collectible to view or send
- Press ‘View on OpenSea’
To optionally view the overview collection of Collectibles from the event press on the name of the event on the page to be taken to the collection.
What are the risks if I want to sell my NFT?
You should only use the official www.opensea.io website to sell or trade your NFT.
Do not press on any suspicious links that come from external websites.
It is impossible for anyone to take or hack your collectible from your wallet, the only way a person can get into your wallet is through your backup method, so ensure that you store your cloud backup or recovery phrase securely.
Can I send my Collectible to someone else?
Yes, you can send your collectible to someone else directly via your collectible (NFT) OpenSea page.
To do so:
- Open the Rainbow mobile app
- Press on your desired Collectible to view or send
- Press ‘View on OpenSea’
- From OpenSea, login to your wallet by pressing the top right hand menu icon.
- Press ‘Connect Wallet’
- Choose ‘Wallet Connect’
- Choose Rainbow from the list
- This will open Rainbow, press the ‘Connect’ button
- This will open up OpenSea, you must then refresh the page
- You will then see an arrow icon with the name ‘Transfer’ on the top menu.
- Press this & connect your wallet.
- You’ll then be able to enter the wallet address of the user you would like to send the NFT to.
Can a Collectible (NFT) expire or invalidate?
No once you own a collectible you will have it forever provided you do not sell or trade it.