Blocksport NFT Platform Whitepaper

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Blocksport NFT Platform Whitepaper ( blocksport-nft-platform-whitepaper )

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3) NFT types a) Minted — visible only to a celebrity who owns this token. b) Reserve price — listed with a reserve price, but no one has placed a bid on the auction yet. It might be listed as both an author and a fan. c) On Auction — listed with a reserve price and the auction has started. It might be listed as both an author and a fan, but only a fan can make a bid. d) Final Bid — token with an ended auction. The token waits for transaction confirmation. e) Sold — token owned by a fan who hasn't put it on sale yet. f) Reserve price and fixed price g) Reserve price auction postponed. 4) Rare Sales NFTs All NFTs may have a Rare Sale badge that means the author makes them visible only for their own subscribers. But when a fan has bought it, the NFT becomes visible to all platform Users (the badge remains). The Fan can list it for sale again. 5) Gas Fees Each time you execute the contracts on the Ethereum blockchain, you pay the miners that own the computer hardware doing that computation. That means that each transaction is charged. The transaction name is the Gas Fee. The amount of Gas depends on miners' workload and is not regulated by the platform. 6) Authorization The authorization in the system is made by a wallet address. The system recognizes a role and outputs UI depending on the role.

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