/// FAQ ///
What is an NFT (Non-Fungible Token)?
“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.
How do I get my hands on one?
NFTs do not exist in the physical world. They are digital assets made up of unique lines of code that are stored on something called the “blockchain,” which is like digital ledger that cannot be changed. You need cryptocurrency to buy one, specifically Ethereum.
What is the Blockchain?
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.
What does Utility mean?
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.
What is Catalyst NFT?
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.
What do I get if I mint a Catalyst NFT?
Check out this link for the perks of owning a Catalyst NFT
Can I purchase the Catalyst NFT in USD or only in ETH?
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.
Is each NFT the same image?
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.
When will my NFT mint?
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
Who is the Team?
Amanda Slavin, Founder
Amanda Slavin is a former Educator with a Masters in Curriculum and Instruction turned serial entrepreneur. She is a #1 Bestselling Author of The Seventh Level, Co-Founder of CatalystCreativ and CatalystU, Founding Partner of Runway Health, an established Investor and Advisor (ex: Hubspot, plus 20+ startups), and Forbes 30 Under 30. Twitter Handle: @AJSlavin
Alysa Duval, CEO
Alysa Duval is the CEO of CatalystU. Alysa has spent more than 20 years working in marketing at some of the largest brands in the world. Back in 2015, she was introduced to The Seventh Level framework, created by CatalystU Founder, Amanda Slavin, and it forever changed the way she approached her work. Twitter Handle: @alysa_duval
Alyssia Aguilar, Artist
Alyssia Aguilar is a self-taught Latina Artist based out of Houston, Texas. Alyssia has been in the NFT space for over a year and a half. Alyssia has been using NFTs to connect her story of loss, passions, and culture through her art. Twitter Handle: @TheLoftyMom
What is CatalystU and CatalystCreativ?
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.
How Do I Install MetaMask?
Check out this video for help: https://youtu.be/yYQtZenCYrE
NFT Terminology You Might See/Hear
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”
What is Gas? What are Gas Fees?
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.
How To Avoid Scams
No one from this community (i.e. Mods, Team Members, etc.) will message you, especially in Discord. It is safe to say, all direct messages (DMs) are a scam.
Never send ETH to someone you do not know.
Never respond/click the link to an OpenSea e-mail. These are phishing scams.
Never respond/click the link for a stealth mint from any project.
How To Set Up A MetaMask Wallet
It is best to follow the directions that MetaMask provides, but below are some tips.
Install MetaMask here: https://metamask.zendesk.com/hc/en-us/articles/360015489531-Getting-started-with-MetaMask
What is your public address and where can you find it?
Your public address is used to send funds to your wallet/receive things from others.
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
Metamask FAQs:
Helpful Links for MetaMask, Coinbase, and Crossmint Wallets
https://metamask.zendesk.com/hc/en-us/articles/360015489531-Getting-started-with-MetaMask
https://www.crossmint.io/faq/users#what_is_crossmint