Yes, you can create NFTs and let them sit in “All NFTs”; however, they will not be visible on other platforms unless the NFTs are transferred or sold.
Category: FAQ
How do I refer a friend?
You can find your referral ID in “Account” under your avatar in account center. Just copy and share it to friends. Or, click on the label besides “Invite & Earn”. You can find both your Referral ID and Link here. Referee details are below your Referral Info.
How often is my fund inflow being settled?
Your sales revenue is settled to your wallet immediately after transaction. Royalty and team commissions are settled every 2 weeks (14 days).
Can I return an order and get refund?
Due to the characteristics of NFT assets, no return or refund is allowed after purchase. All sales are final.
What happens to my NFTs after listing expire?
All unsold NFTs will return back to your NFT asset list. You can find them in your Openlake account under "All NFTs". You can list them again after they return to your asset list.
Does Openlake support physical item trade?
Yes, Openlake supports the trading of physical items with NFTs.
Can NFTs created on Openlake be seen on other platforms?
NFTs created on Openlake can be seen on other platforms if transferred or traded. This is due to the “Lazy Minting” technique that Openlake adapts. NFTs will only be “minted” on blockchain when the NFT is transferred. This technique is to reduce the transaction fees on blockchain networks.
Can I create an NFT in Batch quantity?
It depends. Openlake supports both. Openlake allows batch quantity for certain types of NTFs e.g. Original Music, Video for now. We will enable batch quantity for more types in the future.
What is wallet initialization?
Initialization is the process of creating proxy accounts on Ethereum Blockchain. In order to trade on Openlake, you MUST complete wallet initialization.
Can I make a payment via Credit/Debit/Paypal on Openlake?
No, we only support crypto payment at the moment. Openlake do have plan to support Credit/Debit/Paypal in the future release.
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