What is Nuqtah?

Nuqtah is a blockchain enabler and a web 3.0 pioneer in Saudi Arabia as it’s the first local NFT marketplace in the region that helps creatives and NFT collectors to buy and sell art in the form of NFTs. We also empower enterprises interested to grow their business with web 3.0 technology by building the infrastructure for their blockchain-supported platforms and services.

What is an NFT?

An NFT is a shortcut for (Non-Fungible token); A prize, an asset, or a piece of something that is irreplaceable and has one exclusive owner at a time.
Each NFT is special because its identity is authenticated and stored in its metadata in a smart contract that distinguishes them from each other in any given blockchain.

Anything can be an NFT. because they represent real-world objects like art, music, in-game items, and videos. They are bought and sold online, frequently with cryptocurrencies like Ethereum or Polygon... etc.

What is cryptocurrency?

A cryptocurrency is an encrypted data string that signifies a unit of currency. It is monitored and organized by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring. Unlike physical money, cryptocurrencies are decentralized, which means they are not issued by governments or other financial institutions.

What is Blockchain?

NFTs and cryptocurrencies are stored on the blockchain. A blockchain is a distributed system that consists of a network of computers connected over the Internet which collectively performs the bookkeeping. In blockchain, one ledger is distributed and maintained across the network, making it difficult or impossible to change, hack, or cheat the system.

What is a wallet?

Digital wallets in our case are used to send, receive, and store crypto assets whether it is NFTs or cryptocurrency such as Ethereum.
There are multiple native wallets such as Metamask, Phantom, and Coinbase wallet. Providing you with a unique public address and a unique private key. Nuqtah uses Metamask as it is one of the safest and easy-to-use wallets to deal with Ethereum assets, especially for beginners.

What is Ethereum (ETH)?

Ethereum is the native currency of the Ethereum network and it’s commonly shortened to ETH, which is its ticker symbol.
You need ETH to pay for some of your interactions with the blockchain and to pay for the items you buy.

What is lazy-minting?

Lazy-minting is when an NFT is available off-chain once created and only gets minted once a sale takes place. This means that the artist doesn't have to pay any upfront gas fees to mint their NFTs. The person who buys the lazy-minted NFT will cover the gas fees. That is why we are proud to utilize lazy minting at Nuqtah's marketplace!

If anyone can download the art file, why would I buy the NFT?

Yes, anyone can download and view the image for free (just like the Monalisa painting), but they don't own it, and they can't gain any value from it without the ownership of the NFT. As a collector, you want as many people as possible to download and enjoy the artworks that only you probably own because this is how the artwork gains value.

What blockchain does Nuqtah use?

Ethereum



Official Website: ethereum.org
Token: ETH
Ethereum is a decentralized, open-source blockchain with smart contract functionality launched in 2015.

Can I transfer my NFTs to another wallet?

Yes, you can. To transfer your NFT to another wallet, follow these simple steps:

1- Go to your wallet account (Metamask)
2- Select your desired NFT, and click Send.
3- Enter the receiver's public wallet address (or ENS, where applicable).
4- Click send and pay the transaction fee.



Why are gas fees high? Is there any way to reduce the cost of fees?

Gas fees represent the compensation paid to miners and stakers who help make Ethereum network transactions possible. The busier the Network, the higher Ethereum fees you will pay. There is no way to reduce the fees. However, you can check this website to see the Ethereum gas fees tracker.

How can I cash out my crypto to my bank account?



Please follow these steps if you would like to withdraw your money from MetaMask:

Plug your Rain wallet address to receive the funds from MetaMask to your rain wallet.






For Gulf countries users:
1- Transfer your ETH from MetaMask to Rain exchange (you can sign up here if you don't have an account)
2- Sell your ETH for your preferred fiat currency on Rain (SAR…)
3- Deposit your fiat balance from Rain to your bank account.

For international users:
1- Transfer your funds from MetaMask to a preferred crypto exchange account and use the same process above.
2- Sell your ETH for your preferred fiat currency.
3- Deposit your fiat balance to your bank account.

How can I convert Ethereum to SAR?

To convert your Ethereum to SAR, transfer your ETH balance from MetaMask to Rain platform, sell your ETH for SAR and deposit it into your bank account.
For more information on how to convert your ETH to SAR please visit this link.

What are gas fees?

Gas fees are the payments individuals make to complete a transaction on a blockchain. These fees are used to compensate blockchain miners for the computing power they have to use to verify blockchain transactions. Gas fees are typically paid in the blockchain's native cryptocurrency.

What is a floor price?

NFT floor price is the lowest amount you will have to spend to buy an NFT from a collection. The floor price is decided by the individual who owns the NFT in a particular project and lists the NFT for sale at a price cheaper than all other sellers within that given project.

How can I contact Nuqtah?

- Go to your profile
- Go to your unsold asset
- Select the NFT in mind
- Press on the cancel sale button

How do I find my transaction hash (recipient)?

First, you'll need your wallet address. You can find this in your crypto wallet. Make sure you're using the wallet that corresponds to the purchase.
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