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!
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!
These pieces are incredibly limited editions — we’re talking 1 of 1s up to 1 of 5s — and in some cases, the first owner of a digital Artwork will also receive the signed physical counterpart or possible other utility. New VeVe Artworks auctions will be available weekly, so be sure to check the VeVe web app regularly to get your hands on one!
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:
We truly cannot wait to bring you these artist exclusive pieces and licensed digital collectible artworks and look forward to seeing them in your VeVe Showrooms. Keep an eye on VeVe socials for updates, and follow us on TikTok if you don’t already so we can share these incredible Artworks with the world!
How Do I Change My Bid?
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).
What if the Winner Doesn’t Pay?
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.
Does It Cost Anything to Enter an Artwork Auction?
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.
Multiple Edition Auctions
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.
Founded in 2018, VeVe was created for collectors by collectors to bring premium licensed digital collectibles to the mass market. With over 8 million NFTs sold, VeVe is the largest carbon neutral digital collectibles platform, and one of the top grossing Entertainment Apps in the Google Play and Apple stores. #CollectorsAtHeart