Frequently Asked Questions
Lensy.io is a digital photography marketplace built on the Hive
The Hive blockchain is optimal for NFT trading. Transactions are free and
3 second block times means all transactions resolve very quickly.
NFT stands for non-fungible token. Anytime you have a token and you're
keeping track of more details than who owns them and how many, then you
have a non-fungible token. In this case we're keeping track of the art,
who owns it, when it was created, a description etc. All of that data
lives in the token, which is what you're purchasing when you buy the art.
More info at
NFT creation costs 5 Hive + 1 Hive per edition. Upon completion of the
initial sale Lensy.io collects a 10% commission. Upon completion of
secondary market sales Lensy.io collects a 10% comission and pays half of
that as a royalty to the original artist.
You will need a small amount of crypto to tokenize your first artwork. You
may need a larger amount of crypto to start collecting art. Hive can be
purchased on a number of exchanges such as, Bittrex Binance, Kraken, Huobi
Hive Engine is a smart contract platform built on the Hive Blockchain.
One of the smart contracts on Hive-Engine is the NFT contract that
Lensy.io uses to operate the digital marketplace.
The Hive blockchain uses the HIVE cryptocurrency as the medium of
exchange. Hive-Engine utilizes a HIVE backed token called "Swap.Hive" to
execute all the smart contracts. To interact with Lensy.io users are
required to convert Hive to SWAP.HIVE. You can do this at Hive-Engine.com
and sign in with the Hive Keychain browser extension you've already
For all support needs please contact us in
Blockchain and Digital Wallets
A blockchain is an opensource and publicly available database that stores
information in chunks called "blocks" every so often.
A wallet is a place where you can store your cryptocurrency.
Most regular websites require a username and password. Blockchains
require you to have keys. Keys are long strings of numbers and letters
that are unique to you. If you lose your keys you'll be unable to access
A wallet address is a particular Wallet. On Hive wallet addresses are
stored as account names. So, a wallet address might be @juliakponsford or
HIVE is a cryptocurrency that powers the Hive blockchain.
On Hive you can own liquid HIVE or choose to stake (freeze it) as HIVE
Power. Hive power grants you voting rights on the platform as well as
resource credits. Resource credits are consumed when you do any action on
the blockchain like make art NFTs or blog about the experience, and are
regenerated over time when no actions are performed.
Hive Keychain is a browser extension that works with Chrome, Brave, and
Mozilla to encrypt your keys within a browser. By using Keychain you can
prevent your keys from ever being shared with a malicious website.
On Lensy.io artists can create digital tokens with unique features that
can be sold to collectors. Collectors can gather limited edition art
pieces from popular artists. You can create, buy, sell and trade these
As the creator of the token you have digital ownership of your work. When
you sell the work you can choose a private sale or Full Commercial Rights.
When the art is sold as Private the collector owns that single piece of
art but does not have the right to reproduce it on other sites. If the
creator chooses Full Commercial Rights then the collector has full
commercial rights to reproduce the art for profit and display it on
Lensy.io currently allows uploads up to 30 mb. We suggest uploading the
highest resolution possible while staying below that limit.
Art files are initially stored on the Hive image server managed by
@blocktrades. As the project gains traction Lensy.io will have it's own
Yes, and you can leave a custom note when gifting.
Selling on Lensy.io
You are selling limited edition, collectible, art tokens.
After you issue the art you have the ability to list it for sale. For now
you can set a "Buy it now" price, but in the future we'll add a bid option
Each individual print of a single piece of art is called a Digital
Edition. If you issue your token with 15 copies then you have created a
total of 15 Digital Editions.
The smart contract platfrom Hive-Engine, which is the backend of the
Lensy.io website, requires that all contracts be settled in
By creating an NFT with a specified number of editions you are ensuring
the scarcity of your art for your buyers. Once an item is tokenized it's
important you do not tokenize the same creation again as that will
negatively affect the value of your artwork and reputation.
We reserve the right to restrict access to Lensy.io if an artist is
caught fraudently issuing additional tokens of the same creation.
You can trade it for goods and services, you can exchange it for other
cryptos on hive-engine, and withdraw it as Hive from the Hive-Engine.com
Join https://discord.lensy.io, fill out the whitelist appliction form
under `Profile` on the site. You'll be contacted in Discord.
Reselling on Lensy.io
After you have purchased art you have the ability to sell it or trade it.
Trades are handled privately. If you'd like to sell it on the market
simply click the piece of art in your collection, choose the `Sell` action
from the menu, set a price and it will be on the market.
Under profile there is a `On Market` option. Choose that, and then select
the art pieces you'd like to cancel. Selected art will become highlighted
in the top right under `activities.` From there you can choose `cancel
No. You can contact the buyer, but if they refuse there is no
A 10% commission is taken by the exchange. So if you sell an art piece
for 10 SWAP.HIVE and the art sells the seller will receive 9
Buying on Lensy.io
You're buying a token that contains limited edition, collectible art by
wonderfully talented artists. It may additionally contain full commercial
rights, which allows you to reproduce the work for commercial (money
Bids are not yet operational, but as it becomes available collectors will
bid on art they want to purchase. Once a collector bids on a piece of art
a 24 hour timer is started. If no new bids come in the collector will
successfully purchase the art. If a new bid comes in then it will cause
the original bid to be refunded and the 24 hour timer will restart. This
process will repeat until there is no additional bidder within a 24 hour
period at which point the sale will go through.
There is a `collection` tab in the website. You can see all the art you
own there. If you're looking for a more technical answer the tokens live
on the Hive-Engine side chain in a layer 2 on top of the Hive
Fraudulent art from verified creators may be refunded up to the price the
first owner paid. Otherwise, no, all sales are final.
Yes, as long as it's not being used in a commercial endeavor. So, if
you're blogging about it or sharing a picture on social media that's ok,
but it is recommended to be respectful of the artist and ask permission.
Attempting to sell this art without securing the rights is not in
compliance with the Terms of Service.