Question 1

What is an NFT (Non-Fungible Token)?

Accepted Answer

“Fungible’ is an absolute mouthful of a word. At the most basic level, it means,‘interchangeable.’ Like if we swapped dimes, we’d both still have 10 cents. Add “non” to fungible token, you get something unique, which cannot be traded. Each NFT is exclusive to its owner.

Question 2

What is the Blockchain?

Accepted Answer

The basic idea is that blockchains are a way to store data without having to trust any one company or entity to keep things secure and accurate. This is the technology that underpins digital currency (Bitcoin, Litecoin, Ethereum, and the like). The tech allows digital information to be distributed, but not copied. That means each individual piece of data can only have one owner.

Question 3

What does Utility mean?

Accepted Answer

Utility (not the same as your utility bill), means the value, rewards or perks offered to you as an NFT holder. For example, the Catalyst NFT offers many perks like access to CatalystU to take courses, a free copy of The Seventh Level Framework book and access to virtual and IRL (in-real-life) events.

Question 4

What is Catalyst NFT?

Accepted Answer

You can think of the Catalyst NFT’s like a passport. Giving you the opportunity to approach or enter a place—that unlocks courses, resources and access to exclusive events. You’ll connect with leading experts in a number of different industries through our community channels.
As a holder, you can collect stamps that represent your own personal and curated journey of courses and events within the Catalyst NFT community space. With your purchase of the Catalyst NFT, you become part of a growing community of Catalysts.

Owning a Catalyst NFT effectively makes you an investor, a member of a club, a brand shareholder, and a participant in a loyalty program all at once.

Question 5

What do I get if I mint a Catalyst NFT?

Accepted Answer

Check out this link for the perks of owning a Catalyst NFT

Question 6

Can I purchase the Catalyst NFT in USD or only in ETH?

Accepted Answer

You can buy the Catalyst NFT in USD with a credit card from our website. Once the NFT is ready on the 26th of October, your NFT will live on the Ethereum Blockchain.

Question 7

Is each NFT the same image?

Accepted Answer

Same image, but you can purchase another NFT from our Genesis Collection which is more dynamic and allows you to earn stamps based on engagement in our community.

Question 8

When will my NFT mint?

Accepted Answer

Your NFT will be ready for claiming on October 26th. You will receive and email with instructions for claiming. Any questions, please reach out to alysa@catalystcreativ.com

Question 9

What is CatalystU and CatalystCreativ?

Accepted Answer

We may be new to the NFT scene, but we’ve been around for over a decade. We have always been focused on community as the center of our mission. Whether this is through our agency, CatalystCreativ, the Seventh Level Framework book or our e-learning platform, CatalystU.  Our community design agency, CatalystCreativ curated thousands of people from all over the country to spend a week of inspiration and collaboration in Las Vegas, known as Catalyst & Creativ Weeks.

Question 10

How Do I Install MetaMask?

Accepted Answer

Check out this video for help: https://youtu.be/yYQtZenCYrE

Question 11

NFT Terminology You Might See/Hear

Accepted Answer

AIRDROP - When tokens/coins are distributed to members’ wallet addresses — usually for free.
ALPHA - “intel”. Those who possess alpha have information that the rest of the market hasn't found out about yet.
DEGEN - people who invest in digital assets like NFTs
DYOR - "Do Your Own Research"
FLOOR - The ‘floor’ or ‘floor price’ of a project is simply the lowest price at which you can buy an NFT from that project on the secondary market. It’s the most popular metric for tracking a project’s performance over time and its relative success compared to others.
FUD - "Fear, Uncertainty, Doubt"
GAS - Current transaction price
GM/GN - "Good Morning/Night"
HODL - buy-and-hold strategies. Shorthand for “Hold on for Dear Life.”
IRL - "In Real Life"
IYKYK - "If You Know, You Know"
LFG - "Let's F*ing Go!"
MINT - It’s the process of buying an NFT on the blockchain.
NGMI - "Not Gonna To Make It"
PFP - "Profile Picture"
POAP – “Proof of Attendance Protocol”
SWEEP THE FLOOR - Buying many of the lowest priced NFTs in a collection to raise the 'floor' price"
WAGMI- “We Are Gonna Make It”

Question 12

What is Gas? What are Gas Fees?

Accepted Answer

Gas refers to the cost/fee of a transaction on a blockchain (Ethereum, Solana, etc.). The cost depends on overall network activity. The more transactions, the higher the gas, causing a higher transaction fee overall.

Question 13

How To Set Up A MetaMask Wallet

Accepted Answer

Below is a link on how to set up your wallet.

https://metamask.zendesk.com/hc/en-us/articles/360015489531-Getting-started-with-MetaMask

Question 14

What is your public address and where can you find it?

Accepted Answer

Your public address is used to send funds to your wallet/receive things from others.

https://metamask.zendesk.com/hc/en-us/articles/360028141672-Direct-deposit-receive-tokens-to-your-MetaMask-wallet

Secret Recovery Phrase, password, and private keys: https://metamask.zendesk.com/hc/en-us/articles/4404722782107-User-guide-Secret-Recovery-Phrase-password-and-private-keys

Question 15

Metamask FAQs

Accepted Answer

Metamask FAQs:
https://metamask.io/faqs.html

Question 16

Helpful Links for MetaMask, Coinbase, and Crossmint Wallets

Accepted Answer

https://metamask.zendesk.com/hc/en-us/articles/360015489531-Getting-started-with-MetaMask

https://www.crossmint.io/faq/users#what_is_crossmint