Creaticles AMA Recap

Hello, everyone!😁 We are glad to meet here: Steven Universe, Co-Founder

Hi, it's great to be here!

Welcome Steven, thank you for taking your time today! Our team has prepared 3 questions for you to start with Are you ready to start?

Yep!

Great, let's begin with the inrtroduction Q1: Can you introduce yourself to our community?

Hi everyone, I’m Steven, and I’m working on a project called Creaticles. I’ve been passionate about crypto ever since 2014, when I helped one of our other cofounders, Trevor, with building some bitcoin projects. We’ve been working on projects in this space since then, and have recently found an opportunity to launch Creaticles. I've historically worked on the business and research side, and recently started looking into NFTs. Through a lot of my research and speaking with other projects in the crypto space, we identified a need for Creaticles! Done

Super, let's now look closer on the project! Q2: Can you introduce Creaticles to us?

Yes, Creaticles is the world’s first app that lets buyers request any NFTs they want. This means that anyone can use it to ask for an NFT, and then that request is sent to the creator community. NFT creators then design what you’re looking for, and are paid to do it. We have different engagement modes, so buyers can choose how the artists are rewarded. We're already talking to a lot of crypto projects who are very interested in using this to get some NFTs designed and distributed to their community. We're excited to see how things grow once the product is available! Here are the links to our social media platforms, please follow us to stay tuned for our updates and incentivized testnet! Twitter: https://twitter.com/creaticles Telegram: https://t.me/creaticles Website: https://www.creaticles.com/ Done

Super! Than let's turn to the last question in the introductory part) Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Current Progress Currently, we are a very early stage project. We started about a month ago. Our first milestone to hit is our testnet. We have completed our backend development and smart contract development. We’re currently working on the frontend and improving our user experience. Once that’s completed, we’ll work on integration, followed by the testnet launch. Upcoming Plans & Incentivized Testnet We plan for testnet to come out some time this month! Our testnet will be incentivized, so we hope you can all participate! This means that our testnet will have airdrops for people who try it out. Stay tuned on our Twitter channel for the latest updates on that. We hope you can all participate, try it out, and earn some Creaticles tokens! Done

❤ Can I create and send the NFTs for my friends' birthdays with Creaticles? Do you have a community of NFT creators to celebrate special occasions? ❤ How is the community mode organized and what is its purpose? Can we have a personal meme contest with community mode?

Yes! You can request custom NFTs for birthdays and other special events. The creator community is able to design any request that you make, so the limit is really your imagination. For community mode, anyone can run it. You can create your own meme contests, definitely.

Q. Creaticles claim to be the world’s first app that lets buyers request any NFTs they want. So can you tell us how easy is the platform for buyers to make this request? Also, in what currency do you accept payment? Can NFT be purchased in FIAT or you only accept the native token of your platform?

Yes, it is very easy for buyers to make a request. All they have to do is go on the Creaticles app, submit a request that contains details about the NFT they want, and then deposit a reward. Then the community of creators will create for them, and the buyer gets to select their favorite one. NFTs cannot be purchased with fiat at this time, but we are accepting multiple currencies because we are a multi-chain solution. This includes ETH, MATIC, BSC, and our native token.

What happens in the case a buyer forgets to choose a winner in the contest ? Do you foresee a situation where buyer receives an overwhelmingly number of submissions for their contest and does not select a winner, what will happen to the funds ?

Good question! If the buyer doesn't select a winner, those funds are put into our community chest. The community chest funds are collected through unclaimed prizes and transaction fees. The community chest funds are redistributed back to token holders.

It's stated on creaticles website that to get custom NFTs for any occasion, users need to put in any request, and it gets broadcasted to a community of talented NFT creators. How do you match user request to NFT creators and how do you protect intellectual assets theft?

We don't match anyone. Once buyers request NFTs, those NFT requests are broadcasted to the entire creator community. Any creator can participate by submitting their version of the request. At the end, the buyer gets to select which NFT they want. The selected NFT is rewarded.

Is there any form of arbitration/dispute settlement system for creator or seller that are not satisfied with transaction or dealings on the Creaticles platform

We plan to enable this in a future version of the product, but it will not be available during testnet and will unlikely be available in the first version of main net.

Why did Creaticles choose BSC over a traditional platform like Ethereum? In the future, when developing further, do you have any plans to expand the development of CRTV on other networks, how is the scalability of the entire Creaticles system?

Actually, we are multi-chain and we intend to initially launch on MATIC and BSC. We will later launch on Ethereum, once the gas fees are more reasonable. Right now, the limitation of Ethereum is the gas fee, which makes it unfair to creators because they have to spend a large amount of money to mint NFTs. On MATIC and BSC, it is cheap and Creaticles can even cover the cost of minting.

In the same way that users can request a personalized NFT, can users also demand that the NFT they want be uniquely and exclusively designed by an artist? but really how "personalized" can the NFT be?

Yes, in a future version of Creaticles, buyers can directly interact with NFT artists through commissions, which means that a buyer can ask for a unique NFT from a specific artist.

There have been a lot of NFT-related projects on the market, so will entering the market like this make you lose your footing compared to other competitors? In your opinion, what is the opportunity for creaticles to compete for market share and users of the NFT pie with other competitors?

We are building an entirely different service that the NFT proejcts available or emerging today. Furthermore, our service is very complimentary and can work in harmony with other projects like Rarible and OpenSea. For example, after the NFT request is fulfilled, not all artists will have their NFTs claimed. The unclaimed NFTs can then be put on Rarible and OpenSea for selling.

How do you harness the potentiaI of the NFT many platforms haven't been abIe to tap into the full potentiaI of NFT and digitaI arts, they just have it as a sign of symboIic value. How important is NFT to Creaticles platform?

We are tapping into a different value proposition of NFTs. The ability to request a special NFT that is specifically valuable to the buyer makes the NFT unique. This could be a case where the NFT is only valuable to the buyer (e.g., celebrating a special event like an anniversary) or it could have more resale/collector value (e.g., a crypto project asking for a set of NFTs to give back to its community).

Thank you Steven for your answers!! It was a pleasure to host this ama