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Glossary of terms used within COMSA

  • Updated

This is a glossary of terms commonly used within COMSA.

 

Endorsement (Endorser)

"Endorsement" is the support that takes care of the fees for converting assets created by creators into NFTs and the initial sales fees on the marketplace, and the supporters are "endorsers".

When the endorsed NFT is sold (only at the first sale), the endorser is entitled to receive the sales fee.

If you want to support assets created by creators, you can find assets to support at Matching Square.
For more information on how to endorse, please click here.

 

 

Guardians

This is a vigilante group that patrols the Marketplace Endorser Square and reports illegal assets and NFTs to the management.
You may receive incentives depending on what you report.

 

 

Creators

Creators are the creators of assets.
They can upload their assets to COMSA and sell their NFTs.
They also have the right to receive a share of the proceeds from any secondary sales of the NFTs they sell.
The fees for converting assets to NFTs and listing fees on the marketplace can be entrusted to endorsers.
For more information on how to create an asset, please click here.

 

 

Holder

The holder is the owner of the NFTs purchased in the marketplace.
Owned NFTs can be relisted and sold secondarily.
In the event of a secondary sale, the holder and the creator are entitled to receive the proceeds minus a sales fee.

 

 

Matching Square

Matching Square is an asset square where countless assets are listed and waiting for endorsement.
You can find assets that you want to advertise and endorse them.

 

 

Marketplace

Marketplace is a marketplace where NFTs (Non Fungible Token) are listed.
You can find the NFTs you want and auction them off.

 

 

COMSA Wallet

The COMSA wallet is a crypto wallet for use within COMSA.

It is not managed by COMSA in any way, so please manage it strictly by yourself.

※If you lose your mnemonic or forget your password, COMSA management will not be able to help you in any way.

 

UNIQUE（NFT）

*The name has changed from NFT to UNIQUE effective October 19, 2022.
This is an electronic asset tokenizing 'irreplaceable and unique value'. It is possible to record, store and prove any value such as art, text, voice, etc. on the blockchain.
They are generally referred to as irreplaceable tokens. Non Fungible Token.

 

BUNDLE（NC-FT）

*The name has changed from NC-FT to BUNDLE effective October 19, 2022.
NC-FT is an electronic asset (non-circulating FT) that is not a cryptographic asset, in which the value created is tokenized and issued in multiple quantities, which can be traded and transferred from the holder only to the COMSA platform.