Getgems

Getgems Logo

Getgems is a decentralized NFT marketplace running on TON blockchain. It allows users to create, buy, sell and collect non-fungible tokens (NFTs).

Features

NFT Trading:

The platform allows you to buy and sell NFTs
Two types of trading are supported – fixed price and auction mode
Users can bid for the NFTs they want to buy
Getgems allows you to track the price of NFTs to make informed buying or selling decisions
Getgems provides detailed information on the number of owners, sales and bid history

NFT Creation:

Getgems has simple mint functionality that makes it easy to create NFTs
Users can customize their NFTs by adding description, tags and other parameters

NFT creation on the Getgems platform

Community:

Getgems allows users to communicate with each other, leave comments on NFTs and share them on social networks
Telegram and X communities exist, where you can share news and ask questions to other community members
Getgems organizes various events, contests, raffles and AMA-sessions

Popular Collections

Telegram Usernames – a catalog of collectible unique usernames from ~143,000 items.
Telegram Anonymous Numbers – a collection of anonymous limited edition numbers. Some lots are especially valuable among collectors due to their uniqueness. 136,600 numbers were issued as NFT.
TON DNS Domains – a collection with names that can be given to crypto-wallets, smart contracts or websites. The total supply is 56,000 NFT.
TON Diamonds – promises owners exclusive privileges in TON ecosystem and early access to new NFT digital releases. The circulation is 10,000.
Notcoin Pre-Market – within days of the Pre-Sale launch, the collection ranked first in trading volume for the week. Notcoin players were able to convert NOT tokens into 10 and 100 million NOT vouchers in the form of NFTs.

Rarity

NFT collections use a rarity attribute called «Rarity». It shows how much more valuable one NFT is than another from the same collection. The lower the «Rarity», the rarer the NFT is, the more valuable it is. The creators of the site do not recommend to rely only on the «Rarity» value, but to independently study what makes an NFT special.

How does determining Rarity on the Getgems site work?

Example of rarity partitioning

When an artist launches his collection totaling, for example, 1,000 items, all of those items have attributes that describe a particular NFT. Some attributes are more rare than others. As an example, let's take the Fanton Fantasy Football. NFT with soccer players used in the online game of the same name.

The total number is limited to 28,000 cards, which are divided into Rare, Epic, and Legendary.

Rare – number is higher than the others, 56%. These NFTs are considered common, their playing characteristics and cost, compared to the rest, are less.

Epic – these cards are much smaller in number – 33%, they have better gaming characteristics and, accordingly, their cost is higher than that of Rare.

Crypton sweatshirt

Legendary – is the smallest and rarest part of the whole collection - 11%. It includes famous players with the best performance in soccer. The holder of such cards has an advantage over other players, as the value within the collection is the highest.

Do not forget that the value of NFT is not only based on rarity, it can also be influenced by the open interest of the community, uniqueness, history, authorship and additional privileges.

As an example of an NFT with privileges, you might consider Crypton's collection of tokenized NFTs with 2024 New Year's sweaters.

NFTs can be kept as a collection, or can be exchanged for a sweater with shipping (depending on location), after which the NFT itself is burned.

The cNFT and SBT formats

The Getgems platform, in addition to standard NFTs, supports other asset formats such as:

cNFT

cNFT (compressed NFT) is a technology that allows authors to build larger collections at a lower cost.

cNFT (compressed NFT)

When a collection is created, it is not each individual NFT that enters the blockchain, but the «proof» that the NFT exists, has an owner, and belongs to a particular collection.

Examples of cNFT collections include Egg Fight Club x Wallet.

SBT

SBT (soulbound token) is a type of NFT, but unlike NFT and cNFT, SBT cannot be transferred to another address or sold. This type of token is permanently bound to the wallet as a sign of the user's participation in any activity, such as attending conferences, meetups, breakfasts or AMA sessions.

SBT examples on Getgems: ARKENSTON NFT, SBT The Open League Pilot Season.

SBT Junior Pilot TOL
SBT ARKENSTON
SBT Aqua Protocol

Guide to working on Getgems

To fully utilize the Getgems site, you will need an activated and topped up TON wallet.

When you first enter the Getgems website, you can immediately connect your wallet for authorization. After that you will be able to buy, sell or bid on NFT auctions.

Buying

To buy NFT, you can use the search box or select a collection from «Top Collections» on the home page of the site.

Popular Collections

After selecting the collection and the item you like, you have to place a bid, in case the NFT is placed on auction. If there is a possibility of instant purchase, you can buy the selected item by clicking the «Buy» button and confirming the transaction in your wallet.

Once the payment is made, the NFT will appear in the user's profile under the «Purchased» tab.

Selling

NFT Sales Form

Connect your wallet.

Select the item «Collections».

Click «Put on Sale» and after selecting the type of trade (fixed or auction) enter the sale price.
Confirm the action by paying the fee using your wallet.

NFT is put on sale, after its successful sale you will receive a notification in your wallet.

NFT Creation

To create NFT – you need to prepare materials:

Image in JPG, JPEG, GIF, PNG format
Name and description
Some amount of TON coins on the wallet balance

Next, you can proceed to create (mint):

In the user profile, click the «Create» button.
Select the type of upload – Single NFT or Collection.
Upload an image, title and description.
Specify the fee for the creator from 0 to 30% (with each subsequent sale of the NFT, its creator will receive a % of the sale amount).

After filling in all the specified fields, you will only have to pay the network fee for creating the collection item – after which it will appear on your wallet.

Fees

The Open Network has some of the lowest fees among all blockchains.

On Getgems, a mint of one NFT costs 0.05 TON per gas + 0.02 TON service fee — ~0.07 TON.

Also, to call a contract, the account must have at least 0.3 TON to pay the fee – the blockchain returns most of this amount back (~98%), minus the gas fee, which is generated based on network load and fluctuates slightly.

History

2022

February — April 2022: Launch of the test version of the platform. Users were able to register and trade their NFTs.
- Working on integration with Tonkeeper and TON Wallet to simplify the exchange and sale of digital assets.

June 2022: Expansion of marketplace functionality with the addition of auctions and improved analytical tools.

December 2022: Partnerships with renowned artists and content creators for exclusive NFT releases on the platform.
- Growth in the number of users of the platform.

2023

February 2023: Introducing TON Connect 2.0 support, working with the platform has become faster and more convenient.
August 2023: Attracted strategic investments that accelerated the development of the platform and improved its performance and security.
November 2023: Implementing support for the cNFT standard.
December 2023: Reaching the 1M registered users mark.

2024

February 2024: Supporting The Open League Activity.
March – May 2024: Redesigning the site and adding analytics functionality.
- Hosting major activities Spring Party and Absurd League.
- Added smart contract update feature, making it possible to change the price of an NFT without taking it off the market.

Links