FAQ

 

1. WHAT IS FABERIUM?

 

Faberium is a platform that connects artisans and 3D artists and a marketplace where people can purchase crypto-collectibles with endangered artistry using a crypto wallet (a digital wallet connected to the Ethereum blockchain). Each physical object created by an artisan and logged on Faberium has been digitalized by a 3D artist and together as a bundle they have been recorded as a two-part collectible phygital (physical + digital) asset on the Ethereum blockchain.

NOTE : The physical object and its associated crypto-collectible can look identical or they can also be significantly different. Part of the interest in digital art is that it is not bound to physical rules. For example, a porcelain teapot with hand painted image of a dragon can have an associated digital asset in which the dragon emerges from and flies around the porcelain teapot.

Faberium aims to bridge the worlds of skilled artisanship and digital art. Artisans and 3D artists put their heart and soul into their craft - the digital collectible is a way to visually express unique artisanal qualities. 

2. I AM ONLY INTERESTED IN THE CRYPTO-COLLECTIBLE (DIGITAL ASSET), CAN I PURCHASE IT WITHOUT THE PHYSICAL OBJECT?

 

If the physical object has been sold before and the associated crypto-collectible has been made available on the marketplace by its owner, then yes. However, all primary sales are for phygital bundles. When a new crypto-collectible gets listed on Faberium, each one is linked to a physical object and the only way for anyone to gain ownership of the crypto-collectible is to purchase it from the Faberium marketplace as a phygital bundle.

But if you are only interested in the 3D asset you can visit the 3D artist's booth on the Faberium platform and see if a digital version is available and buy it from there (in this sale, a percentage of the sale goes to the artisan who designed the item as well).

3. WHAT CAN I DO WITH THE CRYPTO-COLLECTIBLE ONCE I HAVE BOUGHT THE ITEM?

 

Once the crypto-collectible is yours it has a life of its own and can be traded freely on the Faberium market exchange platform. Some crypto-collectibles come with digital assets usable in video games, virtual conferencing apps or on social media apps.

4. HOW MUCH DO THE ARTISANS AND 3D ARTISTS GET PAID?

Each time a primary sale is made on Faberium, the artists who submitted the collectibles and Faberium as the blockchain service provider get paid as follows:

  • Artisan: as originally negotiated between the artists

  • 3D Artist: as originally negotiated between the artists

  • Faberium: 10% of sales price

Each time a crypto-collectible changes hands (secondary sale) a percentage of the sale goes back to:

  • Artisan (2%)

  • 3D artist (2%)

  • Faberium (1%)

  • The seller/current owner (the rest)

Each time a physical collectible changes hands (secondary sale) a percentage of the sale goes back to:

  • Artisan (2%)

  • 3D artist (2%)

  • Faberium (1%)

  • The seller/current owner (the rest)

5. AT A GARAGE SALE, I BOUGHT A VASE WITH THE FABERIUM LOGO AND NUMBERS UNDER ITS FOOT. WHAT DOES IT MEAN?

 

It means that the vase you bought is a Faberium commission or was first sold through the Faberium platform. Therefore, information about it (ownership, artists who designed and made it, date of creation, techniques implemented, and more) can be tracked on the Ethereum blockchain through Faberium, and the vase has a crypto-collectable associated with it. You can log onto the Faberium platform to search for your item and see who owns the crypto-collectable and contact the owner to buy it if you wish to.

 

 

6. WHAT IS A FABERIUM COMMISSION?

 

Every month Faberium pays an artisan and a 3D artist to work together and create a unique artisanal piece that exists both in the physical world and the digital world. These pieces are auctioned on the platform as collectible art. Each piece commissioned is marked (as best suits the medium) with its token ID number. Benefits from the auction are divided as follows:

  • Faberium: 50%

  • Artisan: 25%

  • 3D Artist: 25%

 

 

7. WHAT PREVENTS THE ARTISAN OR THE 3D-ARTIST FROM REMAKING THE OBJECT AND SELLING IT AGAIN?

 

Faberium aims to promote endangered craftsmanship through tokenization and digitalization of the art, therefore we stand firmly by the side of the artisans and 3D artists who create the collectibles.

By the very nature of their crafts, making copies is not always possible. It is possible that the artists decide to create a series of collectibles that share similar traits, or visual language, and in this case, each collectible will have additional information logged in the system that will identify it as one in a series (eg: vase number 02 of a series of 10). Faberium will accept collections like this only on very limited occasions.

Additionally, each artisan and 3D artist we work with signs an agreement that certifies that the work published on Faberium is unique and that prevents them from making identical copies. In the case that an identical copy is found elsewhere, collectors should check the token ID number to verify its authenticity. Only unique token ID numbers issued by Faberium can be used to verify the authenticity of the collectible on the secure blockchain.

8. I BOUGHT A LEATHER JACKET ON FABERIUM, CAN I GET A REFUND?

The immutability of blockchain transactions and the fluctuating nature of cryptocurrencies means that once a transaction is recorded, this information is permanent and the sale price is final. Collectibles sold on Faberium are investment pieces and we leverage the decentralized governance made possible by blockchain technology to provide added value to our customers and artists.

 

Should you no longer want the collectible you purchased, you may sell it to a new owner on Faberium.