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FAQ

What's an NFT?

An NFT is a non-fungible token, a kind of digital bearer asset that represents ownership of a unique item or property. NFT's are designed to be distinguishable from each other so that no two tokens are the same, making them ideal for representing collectibles.

How do I use them?

NFT’s can be issued on different blockchains and networks. On Raretoshi, they're created on the Liquid network and can be stored in any wallet that supports Liquid assets. Raretoshi offers a free built-in web wallet that gets used by default.

How are they created?

When an artist first uploads an image or video file for an artwork, the file is added to the IPFS network and assigned a hash number that uniquely identifies the contents of the file. The artist's Raretoshi wallet will then generate a Liquid asset issuance transaction containing the title of the artwork and its hash and broadcast it to be permanently recorded in the Liquid blockchain.

Who can publish their art here?

Anyone can apply to become an artist on our platform. Your application will be reviewed by our team and we'll reach out to let you know if you’ve been accepted.

What’s different about Raretoshi compared to other NFT platforms?

Raretoshi is the first NFT platform that uses the Bitcoin Liquid Network instead of Ethereum or Counterparty. The Liquid network is a bitcoin sidechain where transaction fees are denominated in L-BTC, Liquid Bitcoin, which is pegged 1:1 to bitcoin.

Transaction fees on Liquid are orders of magnitude cheaper than on the bitcoin or ethereum networks. Liquid also supports native asset issuance and atomic swaps which make it possible for people who don't know or trust each other to exchange their different tokens and assets directly in a single transaction without needing to go through a trusted 3rd party escrow agent.

How do I get some L-BTC?

Watch this video tutorial to learn how to use the Side Swap mobile app to turn BTC into L-BTC so you can bid on art listed on Raretoshi.

Need more help?

Contact us through
support@raretoshi.com