At this stage, FACTS-NFT will not charge fact-checking organizations for hosting their content on OpenSea. When an NFT is negotiated, the following division is set up on the smart contract:
FACTS-NFT legal partner
Yes. As we use the Ethereum network, the total amount will suffer a deduction from the fees to transact. In order to interact with the Ethereum blockchain, each transaction needs to pay the so-called GAS. (if you want to understand better what is GAS, we suggest this document).
Basically, the total distribution can take up to 21 days. There are many reasons to take this time in this first stage. One of them relies on the fact that our third-party platform needs to verify each NFT and release the funds after the validation. As we get more transactions they can speed up the process.
As the NFT we are minted in the Ethereum network, all the transaction will use one single currency: Ether. Ether (ETH) is the cryptocurrency generated by the Ethereum protocol. At this stage, we cannot transfer through a bank account, as this requires some bigger structure, taking more fees, and need approval for regulation purposes.