Terms of Service

Last updated: August 2025

Welcome to Chonkly

Chonkly is a blockchain-based digital art marketplace where creators can mint, sell, and transfer authentic NFTs. These terms of service outline the rules and regulations for using our platform, including the minting, purchasing, and trading of NFTs on the Ethereum blockchain.

1. Our Smart Contract Technology

Chonkly uses ERC-721 standard smart contracts deployed on the Ethereum blockchain. Our contracts have been developed with security as a priority, implementing best practices for NFT minting, transfers, and sales. Each NFT minted on Chonkly is a unique, verifiable digital asset that represents ownership of the associated artwork.

When you connect your wallet to Chonkly, you're interacting directly with our verified smart contracts. All transactions are recorded on the Ethereum blockchain, providing transparent and immutable proof of ownership and transaction history.

2. The Minting Process

When you mint an NFT on Chonkly, the following steps occur:

  1. You upload your digital artwork to our secure storage system
  2. Our platform generates a unique metadata file containing details about your artwork
  3. When you confirm the transaction in MetaMask, our smart contract mints a new ERC-721 token
  4. The token is assigned to your wallet address, establishing verifiable ownership
  5. The token's metadata points to your artwork, creating a permanent link between the token and the digital asset

💡 Important: This process ensures that each NFT is unique, verifiable, and properly attributed to its creator. A 0.001 ETH minting feeis charged for each NFT created on Chonkly, in addition to the gas fees required by the Ethereum network.

3. Your Collection Is Blockchain-Verified

The digital art you purchase on Chonkly is represented by ERC-721 tokens on the Ethereum blockchain. These tokens are stored in your personal wallet, not on our servers. Your ownership is verified and secured by the blockchain, allowing you to display, transfer, or sell your NFTs as you wish.

Each NFT in your collection has a unique token ID and metadata that links to the digital artwork. This metadata is stored securely and follows industry standards to ensure compatibility with wallets, other marketplaces, and future applications.

4. Security Measures

Chonkly implements multiple security measures to protect our users and their digital assets:

  • Secure metadata storage with redundant backups
  • Smart contract security best practices
  • Secure wallet connection protocols
  • Transaction verification and confirmation systems
  • Regular security audits and updates

⚠️ Security Reminder: While we strive to provide the highest level of security, users are responsible for maintaining the security of their own wallets and private keys. Never share your private keys or seed phrases with anyone, including Chonkly staff.

5. Fees and Transactions

💰 Platform Fees:

  • 5% fee on all sales transactions to maintain the platform and support ongoing development
  • 0.001 ETH fee for minting new NFTs

These fees are clearly displayed before you complete any transaction. All transactions on the Ethereum blockchain also require gas fees, which vary based on network congestion and are paid directly to Ethereum miners/validators.

All financial transactions on Chonkly are conducted in cryptocurrency through the Ethereum blockchain. We do not process or store credit card information or traditional banking details. All transaction records are publicly visible on the blockchain, providing transparency and accountability.

6. Intellectual Property

When you purchase an NFT on Chonkly, you're buying ownership of the token that represents the digital artwork, not necessarily the copyright to the artwork itself. The specific rights granted to NFT owners are determined by the creator and may vary from one NFT to another.

By default, creators retain copyright and intellectual property rights to their work, while collectors receive ownership of the NFT and limited rights to display the artwork. Creators are responsible for ensuring they have the necessary rights to mint NFTs of their artwork.

7. User Responsibility and Indemnification

By using Chonkly, you agree to be solely responsible for your actions and content. You warrant that you have all necessary rights to mint, sell, or transfer any digital artwork you upload to our platform.

🛡️ Important Legal Protection

You agree to indemnify and hold harmless Chonkly, its owners, operators, and affiliates from any claims, damages, losses, or legal actions arising from:

  • Your violation of these terms of service
  • Your violation of any third-party rights, including intellectual property rights
  • Your use of the platform or services
  • Content you upload, mint, or distribute through our platform
  • Any fraudulent, illegal, or unauthorized activity conducted through your account

Content Responsibility: You are solely responsible for ensuring that any content you upload does not infringe on copyrights, trademarks, or other intellectual property rights. Chonkly is not responsible for monitoring or verifying the originality or ownership rights of user-uploaded content.

Legal Compliance: You agree to comply with all applicable laws and regulations when using our platform. Any violations are your sole responsibility, and Chonkly disclaims all liability for user actions that violate applicable laws.

8. Changes to These Terms

We may update these terms from time to time to reflect changes in our services, user feedback, or legal requirements. We'll notify users of significant changes through our website or email. Your continued use of Chonkly after terms are updated constitutes acceptance of those changes.

We encourage you to review these terms periodically to stay informed about our rules and policies. If you have questions about our terms, please contact us at noah@chonkly.com.

Questions about these terms?

Contact us at noah@chonkly.com

Last Updated: August 2025