Web3 offers a unique opportunity for companies to turn collectors of their tokens to loyal customers. Any company can use Faro to leverage Web3 to reimagine their loyalty programs. If you engage with customers across the web, mobile and in physical locations, contact us to enable Faro’s next-gen loyalty programs for your customers.
No. You can just import an existing collection or SmartContract into Faro. You can always add Programmable Utility to your imported contracts. However, you may not be able to administer the SmartContract functionality for imported contracts.
Faro does support creating collections and minting so Faro can be your one-stop-shop for your Web3 needs.
No. Absolutely no code required. You can focus on your business outcomes, while we take care of the technology.
No. Minting on Faro is free. We don’t charge any platform fees. You, however, have to pay gas to deploy the Smart Contract and mint the tokens.
Currently, we support Ethereum and Polygon, with other EVM compatible blockchains coming soon. We also plan to add Flow and Solana to the list of supported blockchains.Ethereum Mainnet is the most popular and widely used blockchain for NFTs. It is ideal for profile picture NFTs, generative art, music, and metaverse NFT projects.
Polygon is Ethereum-compatible sidechain that is optimized for cheaper minting. Everything you do on Ethereum can be done with Polygon, but it is best suited for applications that need scale where you want to minimize the fees for minting for you and your customers.
We support MetaMask crypto-wallet. We will be adding other crypto-wallets soon. Stay tuned. For your customers, we make it easy with an email-based wallet powered by Magic. Your customers never need to deal with crypto-currencies.
Yes. To deploy your Smart Contract and mint the tokens, you have to use either ETH (for Ethereum blockchain) or MATIC (for Polygon blockchain).
We support two main types of Smart Contracts and two variants within those: ERC-721 and ERC-1155. ERC-721 is used for creating 1 of 1 type NFTs. This is best suited for unique collectibles or limited-edition products. Popular examples are Bored Ape Yacht Club and Moonbirds.
We support two variants of this: Token Mint and Token Drop. With Token Mint, as the name implies, you mint the tokens and sell or transfer the tokens. With Token Drop, you “lazy-mint’ the token allowing them to be minted upon a claim. Token Drop contracts minimize gas fees overall as minting happens only when there is a need.
ERC-1155 is used for creating batches of NFTs. Imagine, 100 copies of the same NFT that you can create. Similar to ERC-721, we support two variants: TokenBatch Mint and TokenBatch Drop.
Yes. Royalties are a great way for you to get paid as the tokens continue to get traded after the initial drop or sale. We let you add your wallet address and collect a percent of the sale as royalty.
No. When you use Faro-deployed contracts, your customers never need to use cryptocurrency to get your tokens. With our Mint contracts, you can transfer the tokens to your customers where you pay the gas fees. With our Drop contracts, when the token price is zero, the tokens can be claimed without any gas fees.Maximize your reach with gas-less transactions for your customers.
Yes. Even though we do not charge any fees, if your business is to enable Web3 for your customers, you can use Faro’s platform to do so. We let you add your wallet address and collect a percent of the sale as platform fees.
Yes. We know you have investments in managing your loyalty programs and CRM. Faro’s goal is to connect with various systems so you can seamlessly extend your Web3 reach. Contact us for more information.
Yes. We recognize that you want to have a seamless experience for your customers – our goal is to connect with your Point of Sale systems, where we can. We also have a mobile app that allows you to trial custom Web3 experiences while we integrate into your systems.
Yes. OpenSea and marketplaces are great for enabling re-sales of your tokens. You can always import your contract from OpenSea and others into Faro and add the Programmable Utility to your tokens.