FAQ – aimade.art

What is a NFT?

NFT stands for non-fungible tokens which are cryptographic tokens that represent something unique (like original digital copies of our one-of-a-kind artworks). Our tokens follow the smart contract standards on prominent blockchains like Ethereum, Polygon, Solana, etc. The ownership of the NFTs is managed by the blockchain with secure smart contracts and they communicate with their own respective marketplaces and trading capabilities.

What does an NFT look like?

This is a real example of an NFT from aimade.art available at Opensea.io called Luchador de sumo

NFT transactions and AI training have a significant carbon footprint. What do you do about that?

Each NFT transaction is estimated to produce 20kg CO2. Ethereum has plans to cut its carbon footprint by 99%, but it hasn't happened yet. You can read about that here or check the progress here. Our commitment is to offset the emissions that we generate by partnering with Sea-Trees.

We offset over 1 ton of CO2 by partnering with sea-trees.org and for every NFT sold we will:

Sequester 1/2 ton of CO2 with carbon credits from the Southern Cardamom REDD+ Project, in Cambodia. This provides 200+ jobs, education and healthcare benefits for 16,000+ people in the local community, and produces 3.5 million metric tons of carbon credits per year.
Plant 2 mangrove trees in Indonesia, with Eden Reforestation Projects which has the potential to sequester an additional 1/2 metric tons of CO2
Restore 1/2 sq-ft of kelp in Palos Verdes, California. This project provides habitat and food for over 700 species of algae, invertebrates, and fish. It also reminds us of My Octopus Teacher

What is the carbon footprint of the AI-training process?

Training an AI during hundreds of hours has, as well, a significant impact in energy consumption. However, our computing partner Google Cloud uses 100% renewable energy.

How do I buy an NFT? I don't have Ethereum. Can I pay with credit card or other methods? Do I have to buy an NFT?

In order to purchase an NFT you need to access our collection on Opensea.io. Or on Rarible and possibly coming soon to other blockchains like Solana's Metaplex or Cardano's Platform. However, Ethereum (ETH) and Poly is the only currency we currently accept but that may change in the future.

We do offer high-quality prints of all our artworks created by AI Made art. Some were only made available as limited offers and some are still currently selling. Check out our AI Made Printshop!

I have bought an NFT. Will aimade.art keep a digital copy of it for me forever?

After purchasing the NFT, under unlockable content you will find a link to the high-resolution image file of our art. This file is privately hosted on the cloud and we are responsible of maintaining it until you retrieve it as yours. This will be the only digital copy we will keep for you, and we can't guarantee access to it again at that location after 30 days from the transaction.

Does it mean that the artwork I bought won't be available anywhere on the Internet?

The NFT includes a mid-resolution image and that is publicly available. Anyone could technically download it. However, the high-resolution image file is available for the owner ONLY as Unlockable content. The NFT represented artwork is registered on the blockchain and has only one rightful owner and rightful creator. Read more about it in this article.

How can I arrange my free physical copy to be delivered to my address?

After the purchase of the NFT, please check unlockable content, you will find instructions on how to order your free physical copy.

I haven't received my physical copy after several weeks. What can I do?

The physical copy takes between 10-30 business days to be fulfilled and shipped. A tracking number will be provided once it is ready to be shipped, so that you can track the status.

Do I need to pay import tax or custom duties for the physical copy?

Might be. The physical copy and its shipping is included in the price. However, some countries might apply custom duties to the item. This is a fee that we have no control about, and we cannot cover. For import matters, the physical items are sent from US or from Latvia.

I changed my mind and I want a full refund. What can I do?

We cannot offer a refund once the NFT has been purchased for two reasons:

The high-resolution artwork can be downloaded right after the purchase, making it difficult for us to ensure the uniqueness of the NFT if we allow refunds.
To avoid speculation with the price of Ethereum (ETH), receiving refund requests if the ETH/USD price goes up significantly after the purchase.

This is in line with similar laws regarding sales of digital services. Please read our Refund Policy for more information.

Can I order more printouts of the artwork?

The original PNG file is part of the NFT under Unlockable Content. The owner of the NFT can download it by following the instructions from the unlockable content and use it the way he or she wants, using any print-on-demand service. Or, visit our AI Made Printshop to find other printable art you might like!

Who owns all the rights over the artwork I have purchased?

Through our creative license structure and offering, essentially the creator and any subsequent owner(s) of the NFT's that hold possession of the high quality original AI created artwork. The buyer will get exclusive and unlimited license to use the artwork as they see fit (print it, use it for commercial purposes, reproduce or change it or even destroy it).

What royalty fees apply?

A royalty fee of 5% of subsequent resales will be granted to the creator of the NFT (i.e., aimade.art). This fee is automatically processed when you resell your NFT on marketplaces such as Opensea.io or Rarible. This sort of royalty fees are a normal practice with NFTs.