Drops by Legitimate is a curated auction platform for Legitimate Physical NFTs. It does not currently support resale. Please see this article on ways to transfer Physical NFTs.

Requirements

  1. The Physical NFT must be finished, i.e. NFT minted, Legitimate Tag integrated, and ready for sale.

  2. You must be the creator and owner of the item.

  3. Additional photos taken at different angles to showcase the item in the best possible way.

  4. Have a start price (auction reserve price) and start date for bids in mind.

  5. Able to ship the item through a shipping service that provides tracking information, i.e. Fedex, UPS, or USPS with tracking.

Cost

Legitimate charges a 30% commission on the final sale price of the item in ETH. After the auction ends and the winner confirms receipt of the item, the value of the sale minus the 30% commission will be transferred to your wallet.

The commission covers the transaction fees on the Ethereum network in order to list and close the auction on the Zora Auction House contract. It also covers our labor involved in the auction process.

Process

Legitimate will list the item on Drops and process the transactions on the blockchain when we receive all the information requested for your item. You may wish to adjust the auction reserve price or cancel the auction at anytime if there are no bids. If there are bids, the auction cannot be modified or cancelled.

If you are a creator who wants to participate, please email partnerships@legitimate.tech for more information or fill out this form to get started.

Not all items will be approved for sale on Drops.

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