EnglishEspañolPortuguês (Brasil)
Open the app

Getting started4 min read

The KURV glossary

Plain-language definitions of every term you'll meet on KURV, from Vault Exit to mint share, with a short example for the ones people mix up most.

KURV teamAlso in Español, Português (Brasil)

An open book with coloured tabs on its edge, a yellow ribbon, and small coin, card, lock and dial icons beside its lines; a Max Cat card leans next to it.
On this page11 sections

KURV uses some words in specific ways. Here’s every one you’ll meet, grouped by where you’ll meet it, with examples for the ones that get mixed up.

Getting started

  • Log in / sign up: use Google, Apple, email, Base, X or Telegram. KURV makes a wallet for you the first time.
  • Wallet: the account on the chain that holds your pieces and coins. On KURV it’s made for you; its key is managed through Coinbase Developer Platform.
  • Base: one of the two networks KURV runs on today. The testnet copy is Base Sepolia, where coins are free and nothing has value.
  • Solana: the other network KURV runs on today. The testnet copy is Solana Devnet. Solana addresses look different from Base ones, so check a collection’s network before you mint.
  • Explore: the page where you browse collections.
  • King of the hill: the featured launch at the top of Explore: KURV’s pick, or else the newest launch.

Collections

  • Collection: a set of NFTs launched together, with its own contract and its own Vault.
  • Piece: one NFT in a collection.
  • Supply: how many pieces a collection will have. Fixed for the life of the collection.
  • Layers: the parts a generative piece is stacked from (background, body, eyes…).
  • Traits: the options inside each layer.
  • Finished art: a ready-made art folder plus a metadata.json, instead of layers.
  • Bring a collection: list a collection that’s already on Base. It trades at its own royalty, up to 10%, and has no Vault.
  • Metadata: the name, traits and image link for each piece.
  • Studio: KURV’s free, in-browser tool for building a collection.

Launching

  • Invite code: on testnet today, a wallet mints, trades and launches once it has redeemed one. Browsing does not need one.
  • Wizard: KURV’s seven-step launch flow.
  • Coin: what a collection is priced in, USDC by default or another coin on Base (on Solana: SOL, or another Solana coin). Fixed after launch.
  • Mint share: how much of each mint goes to the creator versus the collection’s Vault. Fixed after launch.
  • Royalty: a cut of each resale, 5 to 10% on KURV, fixed after launch. Split 50% creator, 25% the collection’s Vault, 25% KURV.
  • Phase: a stage of a sale, with its own price, per-wallet limit and optional allowlist.
  • Allowlist: a list of wallets allowed to mint in a given phase.
  • Sale method: fixed price, mystery mint, or rising price. On testnet the launch wizard also offers Pay in your coin, a Timed auction (per piece) and a Falling auction.
  • Publish: upload the art to IPFS with a fingerprint of the build.
  • Freeze: makes the link to your files permanent, not the files themselves.

Trading

  • Mint: create a new piece by buying it from the collection’s sale.
  • List: offer a piece you hold for sale.
  • Seaport: the open trading system KURV’s marketplace runs on. KURV adds no marketplace fee.

The Vault and the four numbers

  • Vault: each collection’s own contract that buys pieces back from holders whenever it holds money, and can sell them again. It can hold $0.
  • Market Floor: the cheapest piece listed by holders.
  • Vault Backing: the funds the Vault holds per piece.
  • Vault Exit: today’s quote for selling a piece to the Vault.
  • Vault Inventory: pieces the Vault currently holds.

Example: telling them apart

Say a collection page shows a Market Floor of 12 USDC and a Vault Exit of 4 USDC. A holder who wants to sell fast to the Vault gets about 4 today. A holder who lists on the market might sell near 12, if a buyer comes. Neither number is a promise, and they move independently.

Collector basics

  • Mint page: the collection page where you mint. It shows the current phase, price and whether your wallet can mint.
  • Per-wallet limit: the most pieces one wallet can mint in a phase.

Testing

  • Testnet: a practice copy of a network. KURV runs on testnet today, on Base Sepolia and Solana Devnet, where coins are free and nothing has value.
  • Tester: anyone testing KURV on testnet. Testnet coins and pieces have no value.
  • Agent: an AI program that can act on KURV for you within limits you set. Connecting one is an optional tester step.

Using the glossary, step by step

  1. When a word on a page confuses you, find it here.
  2. If it’s one of the four numbers, check the example above.
  3. If it’s a launch setting, note whether it’s fixed after launch.
  4. For deeper explanations, follow the article named in the definition’s topic.

Common mistakes

  • Calling Vault Backing a price you’re owed. It’s funds per piece.
  • Thinking an invite code is only for launching. On testnet today, minting and trading need one too.
  • Mixing up a chain’s own coin and a contract-issued coin. ETH comes with Base. USDC is issued by a contract. A piece is an NFT issued by a collection’s contract.
  • Expecting to change royalty after launch. It’s fixed.
  • Thinking Freeze protects the files themselves. It protects the link.

FAQ

Does KURV have a coin of its own? No.

What’s the difference between a phase and a sale method? The sale method is how pricing works; phases are stages, each with its own settings.

Which number should I look at before selling? Both the Market Floor and Vault Exit. They answer different questions.

Where to go next

Keep reading