Essentials

Getting Started

Artist Guides

First Steps for Users

Getting started with navigating fxhash

If you’re an artist wanting to create a project for the platform, make sure to read this page. It will help you acquaint yourself with navigating the platform. Afterward, you can check out the artist guides to start building your generative artwork for fxhash.

If you’re a collector, here’s a brief overview for navigating the platform and all of the things you can currently do.

Main Page and Launch Calendar

When scrolling down on the main page of fxhash you will be greeted by the launch calendar which is a tool for artists to announce their projects natively on fxhash:

There you can check out some of the upcoming projects and note them if you’d like to collect one of them.

The Explore Page

The explore page offers an alternative way to discover projects on fxhash, displaying recently released projects in chronological order.

Here you can also see the soonest upcoming projects via the incoming tab:

You can also view the launch calendar and recently collected pieces from the other respective tabs.

Purchasing a GENTK

If you find a project that you like and that you’d like to collect, you can directly purchase it from the corresponding project page:

You simply hit the mint iteration button and authorize the transaction from your wallet. If your wallet doesn't have enough currency, you can make purchases with a credit card. The button next to the mint button facilitates this, automatically converting the amount to cryptocurrency for you:

We will cover purchases in greater detail in the upcoming collector docs - when a piece implements fx(params) for instance, the purchasing mechanics are different.

The Marketplace

Another feature of fxhash is the marketplace, where you can view some statistics to the collections that have had the highest volume in a given period of time:

Individual projects also have their own individual marketplace pages, you can navigate to them from the “open marketplace” button on the individual project pages:

There you can view statistics about the secondary market activity of that project:

Scrolling down you can view listed pieces - basically iterations purchased by other collectors which they would like to sell, you can view those individual GENTKs if you are interested:

We’ll get to the offers tab in a second, skipping ahead we can also see a curve that visualizes some of the secondary movement of the project:

And the activity history of the project, essentially all of the trade activity that collectors have performed around this piece:

So there’s a lot to explore.

Offers

Besides directly purchasing an iteration from a project you can also make offers on specific individual GENTKs and collections as a whole.

Making an offer for an individual GENTK

When navigating to a specific GENTK, whether it is up for sale for a certain price or not, you can make an offer on it if you’d like to purchase it, simply enter the price that you’re willing to pay (this should be reasonable relative to the overall collection mean) and hit the ‘make offer’ button:

Making Collection Offers

If you’d like to collect a GENTK from a minted out project, you can also make an offer on the collection as a whole if you don’t care for which GENTK you’ll receive. Any holder of a GENTK from that collection can accept the offer:

You can view offers that you’ve made under the dashboard tab on your profile page:

Accepting Offers

If you have an extensive collection you will also receive offers from other collectors:

You can also view these under the dashboard tab in your profile page and filter through them with the toggles provided.

A Note on Gas Fees

An important notion when interacting with the blockchain for the first time, are gas fees:

What are Gas Fees? Gas fees on the blockchain refer to the transaction fees required to perform operations or execute smart contracts on a blockchain network. These fees are an essential component of many blockchain systems, and they serve several purposes.

This essentially means that there is a fee associated with operations and transactions on a blockchain. When effectuating a transaction your wallet will usually indicate this fee before having you confirm the transaction. It’s also important to note that gas fees fluctuate depending on the network activity, the more users are requesting an interaction with the blockchain at a given moment the higher gas fees will be.

Gas fees on blockchain networks fluctuate! This is due to several factors, one of which is Network Demand. Increased demand during peak usage times or popular network activities can lead to fluctuations in gas fees.

Gas fees also depend on the size of the operation, if the operation requires the creation of a lot of space on the blockchain, gas fees will be higher.

Moreover, one important aspect of gas fees is that it has an effect on transaction speed. Users that are willing to spend more on gas are likely to have their transactions completed faster than others. This becomes important when collecting a project that is highly desired by collectors and has many people competing for it when it opens for minting. This competition scenario is also often referred to as a Gas ‘War’.

What is a Gas War? A gas war, in the context of blockchains, typically refers to a situation where users or entities compete to have their transactions processed by offering higher gas fees. When there is increased demand for block space, users may engage in a "gas war" by submitting transactions with progressively higher gas prices to have them processed faster than other transactions. Gas wars can also lead to spikes in gas prices, making transactions more expensive for other users who want their transactions effectuated.

Ethereum vs Tezos

Transaction fees

So if these are at the core of every blockchain, why are some blockchains’ fees higher than others? Simply put — there is less demand on Tezos than there is on Ethereum for transactions to be written to the blockchain.

There are a handful of technical reasons why the fees on one chain are higher than others, one of which is network demand. At this point in time, Ethereum has a lot more transactions occurring, which all require some form of computational power, the gas is used to prioritise which transactions are accepted onto the blockchain - the more transactions there are, especially with fewer nodes, means that the incentive to submit new transactions must be high for nodes to accept them.

Withdrawing Funds

One more aspect in which Ethereum and Tezos differ is how funds are received from transactions. On Tezos funds are directly sent to the artist/collector wallet when they make a sale.

On Ethereum on the other hand, received funds get pooled together, and users need to manually withdraw them. This is mainly due to save on gas fees.