Frequently Asked
Questions
What is Blockchain Creative Labs?
Blockchain Creative Labs (BCL) is a Fox Entertainment Web3 tech company that enables creators, IP owners, and their passionate communities to build tokenized digital economies around their own content and brand ecosystems.
What is Web3?
Web 3 is the modern web of today – it enables a future where distributed users and machines are able to interact with data, and users can interact with the internet. Truly decentralized and empowering creators in the NFT revolution.
What is the Blockchain?
Blockchain is a shared ledger of data, transactions or code that are batched into blocks, verified, and subsequently accepted as part of the blockchain by a network of distributed users through a consensus mechanism. Because each block of verified data contains a unique signature of data from the previous block, they are inextricably linked together into a “block-chain.”
What is a smart contract?
A smart contract is software code executed on the blockchain. With respect to NFTs, smart contracts define and control certain parameters, such as how many NFTs will be issued, by whom, and of what types.
What is minting?
‘Minting an NFT’ means uniquely publishing your token on the blockchain to make it purchasable. For example, if you were using the Ethereum blockchain to mint your NFT, it will become a part of the public ledger, and once that happens you can not modify it.
What are gas fees?
On the Ethereum network, gas measures the amount of computational effort required to perform transactions through the network. Ethereum gas fees vary according to supply and demand.
How can I hear about new drops?
You can find the latest NFT releases announced in our Blockchain Creative Labs Discord or follow us on social media. We currently have NFTs available below or on the secondary market: