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2. Intermediate Course

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  1. 1. What is Layer 0 in Blockchain technology?
  2. 2. What is layer 1 in Blockchain?
  3. 3. Second layer (layer 2) - what is it? 
  4. 4. Blockchain and its layers - What is layer three in Blockchain (L3)?
  5. 5. Ethereum 2.0 - What is it? 
  6. 6. Ethereum Proof-of-Stake (PoS) - what should you know?
  7. 7. Ethereum London Hard Fork - what is it ? 
  8. 8. What is the Ethereum Name Service (ENS) and how does it work?
  9. 9. Arbitrum: Ethereum scaling solution - everything you need to know
  10. 10. Polygon 2.0 - the value layer for the Internet
  11. 11. Ethereum ERC-4337 - what is it and how does this standard work?
  12. 12. What is an ERC20 token and how is it created?
  13. 13. The ERC-721X VS ERC-721 Standard – Key Differences!
  14. 14. What is cryptocurrency burning?
  15. 15. Examples of the use of WEB3 on the blockchain
  16. 16. What is Web5? 
  17. 17. Blockchain Oracle - what are oracles? 
  18. 18. Polkadot - Decentralized blockchain and DOT cryptocurrency
  19. 19. Polkadot Parachain - Next-generation blockchain
  20. 20. Interoperability in the world of cryptocurrencies and blockchain
  21. 21. What is Blockchain sharding?
  22. 22. Mainnet versus Testnet on the Blockchain. The complete guide!
  23. 23. MINA Protocol: the lightest blockchain in the world!
  24. 24. Sustainable Blockchain - Proof of Useful Work & Flux
  25. 25. Cosmos SDK: Building the Blockchain Ecosystem
  26. 26. What is cross-chain interoperability in Blockchain technology?
  27. 27. Blockchain trilemma - explanation of the problem. What is the impact on cryptocurrency payments?
  28. 28. Non-fungible tokens and NFT exchanges
  29. 29. How to make money with NFT?
  30. 30. What is the NFT licence fee?
  31. 31. NFT Gas Fee - what is it? How can you reduce your gas fee?
  32. 32. The main differences between static NFT and dynamic NFT
  33. 33. What is minting an NFT?
  34. 34. What are NFT Ordinals? A guide to Bitcoin NFT.
  35. 35. What is KnowOrigin NFT, and how does it work?
  36. 36. ERC-6551 - the new NFT standard. What does it bring to the non-exchangeable token sector?
  37. 37. What is NFT Lending all about? An innovative solution in the world of cryptocurrencies!
  38. 38. The Metaverse – a new virtual world
  39. 39. Metaverse – TOP 15 virtual reality projects
  40. 40. Technical analysis – is it worth using?
  41. 41. Trading order types: stop loss, trailing stop loss, LIMIT
  42. 42. Market Cap versus Fully Diluted Market Cap - the most important differences you should know!
  43. 43. Set up of Stop Loss and Take Profit orders
  44. 44. What are DeFi liquidity pools?
  45. 45. Real Yield in DeFi - what is this trend? What does it consist of?
  46. 46. Vampire Attacks in Decentralized Finance (DeFi): Explanation and Examples
  47. 47. What are wrapped tokens 
  48. 48. What are security tokens?
  49. 49. What are Social Tokens? 
  50. 50. Liquidity Provider Tokens (LPs). What are they, and why are they so important?
  51. 51. What is the Lightning Network, and how does it work?
  52. 52. What is Play-to-Earn (P2E) and how does it work?
  53. 53. Cryptocurrency steps - What is move to earn M2E?
  54. 54. Segregated Witness - what is Segwit Bitcoin all about?
  55. 55. What are Decentralized Cryptocurrency DEX Exchanges?
  56. 56. What is Curve Finance?
  57. 57. What is GameFi and how does it work?
  58. 58. What is Proof of Reserves (PoR)? How does it work?
  59. 59. DAO Investment: A revolution in the world of finance and investment
  60. 60. What is MakerDAO and DAI Stablecoin?
  61. 61. What is the SubDAO protocol, and how does it work?
  62. 62. How to Create Your Own Decentralized Autonomous Organization (DAO)?
  63. 63. Atomic Swap: What is an atomic swap, and how does it work with cryptocurrencies?
  64. 64. What Is Cryptocurrency Vesting? What Are Its Advantages?
  65. 65. What Is the Metaplex Candy Machine Protocol? How Does It Work?
  66. 66. What Is the BNB Greenfield Ecosystem?
  67. 67. What Is Slashing in Cryptocurrencies?
  68. 68. Royalties – What Are They? How Does This Type of Licensing Fee Work?
  69. 69. What is TradFi? The importance for cryptocurrencies!
  70. 70. What is the Real World Asset (RWA) trend in cryptocurrencies? Explanation and examples!
  71. 71. Pyth Network: a powerful oracle harnessing the power of Solana!
  72. 72. What are stables in the world of cryptocurrencies?
  73. 73. What Is Binance Oracle?
  74. 74. Shibarium: A new era in the Shiba Inu ecosystem?
  75. 75. What is an ETF? How will an exchange-traded fund on bitcoin work?
  76. 76. Symmetric and asymmetric encryption - key cryptography techniques!
  77. 77. Hedging in cryptocurrencies - great portfolio protection against risk!
  78. 78. How to create your own cryptocurrency? 
  79. 79. What is a Dusting Attack in cryptocurrencies? How to protect against it?
  80. 80. What is a Black Swan?
Lesson 35 of 80
In Progress

35. What is KnowOrigin NFT, and how does it work?

Non-fungible tokens NFT are undeniably the trend in cryptocurrency markets recently. Recently, many new NFT marketplaces have emerged, outdoing each other in functionality and offerings. But have you ever heard of KnowOrigin NFT?

KnowOrigin NFT is one of the earliest markets for non-fungible tokens. It was founded in 2018. Its creators were James Morgan, Andy Gray and David Moore. The KnowOrigin market focuses on digital art rather than other NFTs, such as music or game collections.

In today’s lesson, we will guide you through the KnowOrigin marketplace. We will talk about its benefits and technical concepts. However, before you dive into the reading, you should remember the basic things about NFT.

What is KnowOrigin?

KnowOrigin is one of the first NFT markets to emerge in the industry. It is built entirely on Ethereum. What sets this platform apart from others? The fact that it focuses on selling digital art. It does not offer the sale of music or collectibles from games.

KnowOrigin has a strong focus on art. Therefore, the platform has some sophisticated features that make it easier for artists. It is safe to say that KO brings a base of talent to its platform. But how? It is difficult to set up an account on KnowOrigin NFT. To do so, each artist must first go through a rigorous vetting process – submitting their portfolio, summarizing their work and… Apply accordingly.

The artists can mint their coins and work on their pieces. At this stage, they can also list their collaborators and share royalties with them for the works they create. Moreover, each artist has the option to offer their works in different auctions, choose different prices and set the parameters for the sale of their NFT.

Interestingly, the platform has interesting tools to support its artists. One of them is undoubtedly a trending tool that highlights artists’ works and promotes them during drop events.

How does the KnowOrigin NFT Marketplace work?

The whole platform is very general. It is a kind of mixed media thing that offers numerous possibilities for creating NFT artwork from images, videos, and GIFs.

An important point about how KnowOrigin works is that the platform only works with selected artists – they have to create rare digital artworks. The token standard is, of course, ERC-721, which enables on-chain minting on the Ethereum blockchain.

In the KnowOrigin marketplace, both artists and creators use a primary and secondary marketplace for non-fungible tokens. Artists NFT pay about 15% commission from primary sales and about 2.5% from secondary sales. Essential in the context of the creator is that KO returns 12.5% from secondary sales to the original artists in the form of royalties.

For this platform, we need to pay attention to three aspects and discuss them in detail.

  1. Edit. It is a collection of a certain number of tokens with a minting-on-demand approach. This means that the developer is not obliged to create all the tokens immediately and edit them on the platform. One of the main advantages of processing non-fungible tokens in this way is that it reduces the cost of gas. After editing, developers can no longer increase the number of tokens. However, they can reduce their supply by burning the unsold tokens. All non-fungible tokens created on the KnowOrigin platform have the same metadata but a separate ERC-721 token ID.
  2. Metadata. This is also an essential aspect of the market KO. Metadata describes the specifications of the NFT. For digital art, it can be the name, description, attributes, format, rarity, type of object or even the year of production. Other metadata is stored in the token chain itself. This can include the edition size, the name of the creator, the type of sale or the condition.

Very importantly, the metadata associated with NFTs minted on KnowOrigin NFT may change with age. Nevertheless, they are stored by the IPFS or Interplanetary File System protocol.

  1. Subgraph. It is used in the NFT market at KO. The Graph provides a layer for data access so that users and developers have a better experience. Subgraph also simplifies the details of each token that is created and deployed on the platform. The main areas of Subgraph are: Output, Tokens, Metadata, Collectors, and Artists.

What types of auctions are there on the KnownOrigin platform?

As we have already mentioned, artists have the opportunity to exhibit their works in different models. We speak of “buy-it-now”, 24-hour auctions, bidding procedures or staged auctions.

“Buy it now” options have a much smaller range than the others. Bidding is very classic – whoever pays more gets the NFT.

The 24-hour auctions are mainly for single NFT releases, while the staged sale is recommended for new NFT releases, as it rewards early buyers and increases prices after each release in the series is sold.

How does one become an artist on the platform?

A user who wishes to join the platform must go through an application process in KnowOrigin. To become an artist, the user must submit a portfolio and give a reason why they add value to the platform. Each of these applications is reviewed, and selected artists are added to the platform on a weekly basis.

How to buy on the platform?

Just like on other platforms based on Ethereum. As a buyer, you use ETH to buy art. Of course, you first need to link your wallet to KO. Interestingly, KnowOrigin allows you to buy non-fungible tokens with a credit or debit card.

Advantages of KnownOrigins Market

The NFT market at KO is characterized by the high compatibility of smart contracts with credit cards and low gas fees. This makes it much easier and cheaper for artists to succeed.

When predefined conditions are met, smart contracts are automatically triggered on the platform. The result? Easier sales. Third parties do not need to be involved and artists can focus on their art. Smart contracts manage technical difficulties at the same time.

Standardized royalties

The creator of a particular work can share royalties with one to five of their collaborators. And in a variety of ways!

Simple and friendly tools for artists

KnowOrigin NFT offers its developers very modern tools and solutions. This gives them more flexibility in developing their NFT, especially in the Web3 version. Very importantly, the developers themselves do not have to learn the technical aspects, such as how smart contracts work. This is unnecessary for them and in no way prevents them from using the market functions of KO.

Different methods of sale

Successive sales, auctions, bidding procedures – we have already mentioned this a few paragraphs above. In these ways, artists can get a better price for their work.

Long-term career

Creators on the platform get access to tools that make it easier for them to develop a long-term career on KnowOrigin NFT. These are innovative tools that reward collectors while building an engaged follower base.


The little-known KnowOrigin NFT platform is very useful and functional. It is heralded as a big success, especially in the Web3 ecosystem. KnowOrigin is undoubtedly a dedicated marketplace for rare digital artwork. What’s more – the community is very involved in its development.

In addition, the metadata storage options, the different auction modes, the friendly tools and the other support offer developers promising advantages that they can use in their long-term careers.

And after today’s lesson, will you be tempted to become a creator of unique artworks?