Stashh offers a suite of innovative features including encrypted NFTs, unique Drops, and comprehensive omnichain profiles. These tools are designed to enhance user interaction while prioritizing privacy and security.
Dynamic Content: Revolutionizing NFT Utility
Stashh introduces Dynamic Content, a groundbreaking feature that allows NFT creators to update their assets post-minting. This function acts like a direct communication channel between creators and asset holders, transforming each NFT into a dynamic entity that can receive ongoing updates.
Dynamic NFT Applications
- Exclusive Subscriptions: Creators can issue Claimables that are minted using temporary claim codes. Once minting concludes, creators can periodically update the NFTs with exclusive content accessible only to the asset holders.
- Pre-Release Benefits: Collectors can purchase assets in advance like a pre-order. Upon the official release, creators can distribute the final content directly to the holders, making the asset acquisition feel seamless.
- Rewards for Event Attendees: During events, attendees can claim special NFTs that later get enriched with exclusive post-event content such as videos or recordings, accessible only to the attendees.
This feature not only enhances the value of NFTs but also opens up new avenues for creative engagement across sales milestones and beyond.
Introducing Drops: The NFT Dispensers
Drops function as randomized NFT dispensers where creators can load a collection of assets and set a fixed price. Collectors then purchase from the Drop, receiving a random NFT until the collection is depleted. This feature supports various modes including private whitelisted pre-sales, enhancing the exclusivity and excitement of NFT drops.
Understanding Royalties in Stashh
Royalties are optional yet vital for creators, constituting a percentage of the sales price when an NFT is sold on the secondary market. Each asset can support up to five royalty addresses with the total not exceeding 100%.
Modifying and Managing Royalties
- Royalties can be modified by the creator if the asset is not listed for sale, and the modifier is both the creator and current owner of the asset. This ensures control remains with the initial creator.
- Royalty payments are automatically calculated from the net sales price after deducting any platform fees and are paid in the SNIP-20 currency used in the sale.
- Off-platform or OTC sales might not process these royalties unless facilitated by Stashh’s sales contracts.
Sales Mechanisms on Stashh
Fixed Price Sales
This straightforward sale type allows sellers to list NFTs at a set price. Changes to the price or cancellation of the sale can be made at any time until a buyer completes the purchase, ensuring flexibility in sales management.
Auction Sales
Auctions on Stashh enable sellers to discover the best price for their assets through competitive bidding. Stashh supports various auction types, including English auctions which allow incremental bidding until a set time expires or a Buy Now price is met.
Key Auction Features:
- Buy Now Price: Sellers can set an optional immediate sale price.
- Minimum Bid Increment: Ensures quality bids by setting a minimum bid increment at 1% of the current price.
- Time Extensions: To counter last-minute bidding strategies, the auction time extends by 15 minutes if a bid is placed in the final moments.
