Introducing VeVe Artworks

The VeVe Artist Program has been a pillar of the VeVe digital collectibles experience, and now with the rollout of the VeVe web app, we are also preparing to launch an entirely new vertical on the platform — Artworks! This new program is bringing both established and up-and-coming artists and licensed collectible Artworks to the VeVe Collector community as extremely limited edition NFTs.

A brand new product category, Artworks, will soon be live exclusively on the VeVe web app, and with it comes a plethora of new creative works from a range of artists and licensors. Depending on your fandom, you may recognize some of the names to hit the program. We also look forward to introducing you to a range of new artists and creatives you may not be aware of yet!

Of course, acquiring one of these rare pieces will be a bit different from the usual VeVe drops — alongside this product rollout, we’re also introducing silent auctions to the VeVe web app.

Silent auctions let you collect in an entirely new and private way! In a silent auction, you will place a bid on your favorite digital collectible Artwork (in Gems) for whatever you are personally willing to spend on the piece. The value of your bid is hidden from other auction participants, just as you will not be able to see what they have bid, and when the auction timer expires — the highest bidder wins!

Note: participating in VeVe collectible drops — including Artworks — requires mandatory KYC. If you haven’t completed your KYC, it only takes a few minutes to become verified. You can find the details here.

Before an Artwork auction opens you will be able to view the piece in 2D and 3D via the web app (the same way you can preview a collectible in the mobile app), as well as the associated metadata, such as the description, rarity, series, etc…

When the auction opens:

If you’ve changed your mind or wish to update your bid, simply navigate to the artwork that you have placed a bid on (Store > Artworks > ‘Artwork’) and click the ‘Edit Bid’ button.

This will allow you to resubmit or withdraw your bid, and if you have recently edited your offer for the artwork you will also see the timer displaying how long you have to wait until you can update it again (bids can only be updated once every 3 hours).

Unlike a standard auction on the VeVe app, if the winner does not pay after winning a silent auction the piece will be offered to the second highest bidder. You will be notified via email, and in the VeVe web app if you are lucky enough to win from second place.

Depending on the piece and the rarity some Artwork auctions will require you to pay an entrance fee. This fee will not be returned, regardless of whether you win or lose the auction, and you will be required to confirm that you agree to these terms before you can participate and place a bid.

The rollout of digital collectible Artworks to the VeVe web app introduces extremely limited edition pieces to the VeVe Collector community — with one-of-a-kind works, up to a maximum edition size of five (5).

If you are participating in an Artwork auction that has multiple editions, you will be able to select the edition number you wish to bid for (#1/5, #2/5, #3/5, etc…) at the time of the bid. You can only have one active bid per Artwork so you will have to choose the edition number you wish to place your bid on.

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