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A
B
C
E
F
G
L
M
N
P
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A
Auction
A time-limited sale format where buyers place competing bids. The highest bidder at the expiry time wins ownership. On Ethergalleries, auctions have defined start and end times set by the creator.
B
Bid Increment
The minimum amount by which a new bid must exceed the current highest bid in an auction. Set by the creator at auction creation.
Blockchain
A distributed digital ledger that records transactions across many computers. NFT ownership and transfers are recorded on the blockchain, making them permanently verifiable and tamper-proof.
C
Collection
On Ethergalleries, a Collection refers to all artworks by a single creator. The Collections section organizes these by creator with floor price, volume, and 24-hour trend data.
Common
The base rarity tier on Ethergalleries. Common works make up approximately 45% of all listings. Lower scarcity generally means lower prices, but artistic quality still varies widely within the tier.
E
Epic
The fourth rarity tier, representing approximately 7% of all artworks. Epic pieces command significantly higher prices than Rare works and tend to attract institutional-grade collector interest.
ETH / Ethereum
The primary cryptocurrency used on Ethergalleries. ETH is used for purchases, minting fees, and withdrawals. All prices on the platform are denominated in ETH.
Exhibition
A curated virtual showcase that groups artworks by theme or aesthetic. Exhibitions are one of Ethergalleries' most distinctive features — they provide curatorial context that marketplace listings alone cannot offer.
F
Floor Price
The lowest currently listed price for any artwork in a given collection. Floor price is a key indicator of a creator's market health and collector demand.
G
Gas Fee
A transaction cost paid to the Ethereum network for processing blockchain operations. On Ethergalleries, the 0.4 ETH minting fee covers gas costs so creators don't need to manage this directly.
L
Legendary
The apex rarity tier on Ethergalleries, representing just ~2% of all artworks. Legendary pieces typically command premium prices and are treated as the definitive works in a creator's catalog.
Listing
The act of making a minted NFT available for purchase on the marketplace. On Ethergalleries, listing is free — only the initial minting fee is charged.
M
Minting
The process of creating a new NFT on the blockchain. On Ethergalleries, minting involves uploading your artwork, writing a description, assigning rarity, and paying the 0.4 ETH minting fee. The result is a permanently on-chain digital asset you own and can sell.
Minting Fee
The one-time fee of 0.4 ETH charged by Ethergalleries to create a new NFT. This fee covers platform costs and blockchain transaction processing.
N
NFT (Non-Fungible Token)
A unique digital asset whose ownership is recorded on a blockchain. Unlike cryptocurrencies, each NFT is distinct and not interchangeable with another. NFTs can represent art, music, video, and any digital media.
P
Provenance
The ownership history of an artwork. Blockchain technology makes NFT provenance permanently verifiable — every transfer of ownership is recorded and publicly accessible.
R
Rarity Tier
One of five scarcity classifications assigned to each NFT at mint time: Common, Uncommon, Rare, Epic, or Legendary. Rarity tiers are permanent and cannot be changed after minting.
Reserve Price
In an auction, the minimum price a seller is willing to accept. If the highest bid doesn't meet the reserve price, the auction may not complete the transfer.
Royalty
A percentage of the sale price that is paid to the original creator each time their NFT is resold on the platform. Royalties allow artists to benefit financially from the ongoing appreciation of their work.
W
WETH (Wrapped Ethereum)
An ERC-20 token representing ETH in a form compatible with smart contract interactions. Ethergalleries accepts both ETH and WETH for transactions.
Wallet
A digital account used to store and manage cryptocurrency. On Ethergalleries, your platform balance functions as an internal wallet — you deposit ETH from an external wallet address to fund purchases.
