How it works

The impact collective is a marketplace to collect and trade digital artworks. Each artwork is authentically created by an artist and tokenized as a crypto-collectible digital item that you can own and trade.

Each artwork on The Impact Collective is a digital collectible– a digital object secured by cryptography and tracked on the blockchain.

Go here to see the art available in this first drop, supporting Second Chance. Once you find a piece of art that you like, click on the button to purchase a physical piece of art or a digital NFT. You will be prompted to register for an account and set up a Venly wallet (which is where your NFT will be stored).

No, all initial purchases can be made using a credit card. For peer-to-peer purchases (secondary sales – or what we refer to as a ReSale), transactions use ETH, the native cryptocurrency to the Ethereum network, which powers The Impact Collective.

A non-fungible token (NFT) is a digital certificate of ownership built on blockchain technology, that contains the provenance, the history, and all activities surrounding a digital asset. It is on the blockchain – meaning the activities can be viewed by the public and it is immutable – it cannot be forged.

Limitless Creative Expression

Blockchain technology is only limited by the artist’s ingenuity. The technology is capable of bringing to life any concept – whether that be work that dynamically evolves over time or as certain criteria are met, reacts to its environment or collector, or transitions over time to utility forms, such as currency or tickets.

Immutable Provenance, Authenticity, and Ownership

Immutable data that publicly tracks the provenance, ownership, and authenticity of an artwork eliminates a wide range of issues that plague the traditional market – security, forgery, copies, provenance, etc.

When an NFT is created or “minted,” its information is written onto the blockchain, including its metadata and smart contract information. Once minted, your NFTs information is stored on a secure, decentralized network that is managed and continuously being developed by some of the top minds in the world. Due to this system of storage, when you mint or buy an NFT, an entry is then made on the blockchain linking ownership of an NFTs unique id to your wallet. This remains true until you intentionally initiate a transaction giving ownership of that token to a different wallet.

This decentralized storage system also means you can access your NFT collection through various sites and means, given that you log in with your wallet. As MetaMask offers a method of viewing your NFTs through their browser extension, while NFT marketplaces like OpenSea and Rarible also enable users to view their collections. So to answer, where does my NFT go after I buy it? It remains in its place upon the blockchain while being directly linked to your unique crypto wallet, verifying you as the sole owner.

The Impact Collective automatically creates a wallet on your behalf when you create your account. This means that NFTs on our platform are stored in a secured wallet, powered by Venly’s state-of-the-art custody technology.

We think the ability to secure a percentage of secondary-market revenue for artists is one of the most revolutionary and exciting capabilities provided by Ethereum smart contracts. It’s analogous to a musician receiving a percentage of sales for a song created, say, in the 1980s and still being bought, sold, and listened to on Spotify today.

The Impact Collective is still in its early stages, onboarding only a small number of hand-picked artists. You can use this form to submit your artist profile and get on our list of artists to work with.