30 Aug 202017:08
Decentral Games AMA Recap
Myko (CryptoDiffer)Hello, everyone!😁
We are glad to meet here:
Freya Fu, CryptoArt.Ai CMO
Freya Fuhello dear all
Myko (CryptoDiffer)Welcome Freya, thank you for your time!
Freya Fuvery excited to be here today
Myko (CryptoDiffer)Great! Our team has prepared some questions to start with
can we start?
Freya Fuyes lets do it
let’s start with the introduction
Q1: Can you please introduce yourself and CryptoArt.Ai in general?
Freya FuCryptoArt.Ai is Asia’s largest NFT encrypted art trading platform, allowing any users to create and display their own works, and own the ownership of the NFT.
It is committed to cultivating emerging artists, empowering art with blockchain technology, and exploring the possibility of interaction between contemporary art and digital media.
The platform integrates casting, sales, and collection of NFT encrypted artworks. There are currently 832 artists in residence from more than 40 countries and regions around the world, and the sold-out rate of works exceeds 60%.
Q2: What is Cryptoart.Ai mission to accomplish? What is the intention of establishing Cryptoart.Ai?
Freya Fu“Art evolves with time” is the slogan of CryptoArt.Ai. Our mission is to empower art through blockchain technology, solve the lack of digital art dilemma, explore the possibility that contemporary art can connect with digital media, and join the emerging international movement of conceptual blockchain art.
The primal aim was to create a modern, equal rights universe for artists and collectors with a decentralized governance paradigm that enables talented artists to solve the pain points in the conventional art sector with blockchain technology in the first case.
The consideration they deserve can be seen by reverence and inferiority.
Q3: What are the unique advantages of CryptoArt.Ai compared with other platforms such as OpenSea, Treasureland? What is the strategy to attract users?
Freya FuThe unique advantages of CryptoArt.Ai can be summarized in the following three aspects: focusing on the field of art, combination innovation model of DeFi+NFT, and igniting the crypto market.
Compared with OpenSea and other platforms covering digital art, encrypted collectibles, game items, virtual land, domain names and other fan-absorbing fields, CryptoArt.Ai is more focused on the development of encrypted art itself and derivative businesses.
n the transactions on the CryptoArt.Ai platform, NFT can not only be used as copyright and ownership for transactions, but also a unique link between the artist and the collector. NFT is the main body of his work recognized by the artist.
CryptoArt.Ai innovative combines DeFi (high liquidity) + NFT (high value capture) dual mechanisms to promote value circulation through liquid mining pools.
Based on the reliable equity attributes of NFT and its unique and indivisible characteristics, the program can be identified NFT confirms the user's authority, and NFT can also become a token for the confirmation of the information world.
NFT collectibles have a complete, transparent, reliable, low-cost and high-efficiency secondary market. Thanks to the data openness of the blockchain and the programmable asset attributes of the token, users can conveniently trade and transfer NFTs on CryptoArt.Ai. Collectibles can be auctioned at a very low cost, which helps the market to be active, and it is easier to realize the value discovery of collectibles in the active transaction flow.
Myko (CryptoDiffer)Thanks for the answer
Q4: In your opinion, what are changing and unchanging between crypto art and traditional art? For artworks, how do we choose artworks that are meaningful?
Freya FuArt is composed of two aspects: form and content, form is means, and content is meaning. The expression of encrypted art is actually very close to the digital multimedia art in traditional art, and it may be a subdivision of digital art at present.
However, as time goes by, and the demand for display and application changes, encrypted art will surely form more diversified styles, and there will be masters and epoch-making classic works belonging to encrypted art.
Regarding the value of encrypted art, the core of encrypted art is still artwork. Behind an artwork, the essence is actually a story. Only a story is meaningful. After all, this is a niche market, so when public want to invest, they should be more cautious.
NFT is a very cool idea now, but it is not mature yet. If we want to make NFT more valuable in the future, we need to see more better and more useful practical application scenarios.
Q5: Now that we have some background on the project, who is the team behind CryptoArt.Ai? What kind of experience does the team have?
Freya FuCryptoArt.Ai is expanding on a global scale and our platform will always open to all people who are interested in crypto art. We aim to empower art with blockchain technology, solving scarcity problem of digital art, exploring the possibility of interaction between contemporary art and digital media.
Hence, we will introduce more famous IP and celebrities into our platform, such as the collaboration between the famous British singer Jessie J and PAK. We will increase the exposure of CryptoArt.Ai through the hype the IP market and events through the functions of the V2 version.
our V2 version will launch within two months, at that time users can do online auction on our platform
Also, CryptoArt.Ai already promot the market height and popularity of the platform through exhibitions, offline roadshows, etc. On May 29, 2021, the world's first crypto art exhibition "A Realistic Shocking of the Virtual Authenticity" and a seminar are held in Shanghai to increase CA's exposure and academic status in the market.
we did a lot of cool things so our team really mixed with blockchain technology backgrand and also professional art.
Q6: What are your plans to onboard artists, - but also buyers to use your platform? Are there any reward programs in place to incentivise adoption?
Freya FuNFTs are igniting a digital art explosion, it has become one of the most popular subdivisions in the entire cryptocurrency world. The performance of NFT encrypted art market indicates that it is about to rapidly growth in a short time. With the rapid growth and attention paid into NFT market and also digital art, massive artists and buyers will be attracted into the field.
As for the incentive program, CryptoArt is an crypto art trading platform based on NFT+DeFi. The platform's unique auction mining model allows users to directly bid on artists, or buy directly according to the bids. Artists can control the pricing model and can also give users NFTs. CART is the token of the CryptoArt.Ai platform, which has the dual attributes of platform currency + authority token. Users lock up CART, and obtain different levels of NFT encrypted artworks according to the weighted average of the market and quantity, and realize them through the free transfer of NFT.
Last question before the community part
Q7: Can you give us a brief introduction of the economic model of your token? What kind of method is used to empower the token?
Freya FuCART is the token of the CryptoArt.Ai platform, which has the dual attributes of platform currency + authority token. Users lock up CART, and obtain different levels of NFT encrypted artworks according to the weighted average of the market and quantity, and realize them through the free transfer of NFT.
CART will never be inflated. The user consumes CART and pushes the NFT artwork he holds to the trending page of DAPP, and CART realizes deflation. Part of the platform's revenue is used to repurchase and destroy CART, further reducing the total amount of CART and gradually becoming a scarce resource.
The application scenarios of CART mainly include: 1) Partial repurchase of platform transaction commissions 2) Community DAO governance 3) DeFi+NFT products 4) Staking to obtain NFT 5) Payments to obtain top priority and other permissions
In the near future, there will be a Crypto Art Month event on our plagfrom, an airdrop event for artists and collectors everybody can join and get chance to get CART token
in next month, we will cooperate with more projects to expand the application scenarios of CART and also will be listing more exchanges
Thank you for all your detailed answers!
Cryptodiffer Community📌 I was checking your gallery and it's great to see how the artists are inmerse in digitalizing their art pieces but how is settled the price of each piece? Is it done by the artist? and is there an option to propose an auction?
Freya Fuyes all done by artist, next version of our product will have auction
Cryptodiffer CommunityIs CryptoArt a global project? Is there a plan to reach the Korean, European and African communities? will you run multiple language lines for people who are not native english?
Freya Fuyes of course we're global project and focus on Asia market for now
Cryptodiffer CommunityWhat is the slogan of the project, why did you name this project CryptoArt?
Freya Fuwe are the largest NFT marketplace in Asia
Cryptodiffer CommunityWhat social network does your community focus on, how do they know about your project? I want to join the community, where can I find it?
Freya Fuyes we can have it, you can follow us: CryptoArt.Ai