Read Cryptoart.ai, Asia's largest CryptoArt platform

Understanding Asia's Largest Cryptoart.ai

原文来源： CryptoArt.Ai

2021 is the year of NFT's development. With the entry of artists, celebrities, luxury goods industry and traditional art auction industry, NFT is out of business at a rapid pace. A single spark can start a prairie fire. If the NFT boom in the bull market is compared to the early days of the Internet, then the mature NFT platform will be the fuel for its rapid outbreak, Cryptoart.ai is one of them.

CryptoArt.Ai

Recently, Russian surrealist artist Andreas created a limited edition series of NFT encrypted digital artwork "Kiss" collection works at the final transaction price of 58ETH, which broke the cryptoart.ai record. At the same time, the cryptoart.ai platform's 11 NFT works have been officially unveiled at the 2021 Spring Auction. On May 29, 2021, Cryptoart.ai will hold the world's first CryptoArt exhibition "True Impact" and seminar in Shanghai.

Unlike OpenSea and Rarible, which are all inclusive, Cryptoart.ai is an NFT platform dedicated to encrypting digital art trading. With this as its starting point, Cryptoart.ai integrates NFT generation, sales, auction, collection and transfer into one, forming the largest CryptoArt platform in Asia.

At present, the transaction volume of the works on the platform has reached 339.04ETH (about $949,200), and the sold out rate of the works is as high as 64.6%. So far, 764 artists have been successfully registered, among which there are many excellent artists such as SuperRare's No.1 Sales Pak, contemporary popular artist Song Ting, graffiti cryptographic artist Suryanto, Ecuadorian artist Ramiro Alban and famous Korean artist and director Ihsu Yoon.

Cryptoart.ai platform advantage

As an early NFT platform dedicated to CryptoArt, Cryptoart.ai has obvious advantages in terms of market resources and team composition.

With the precise positioning of the market and the insistence on the quality of artworks, Cryptoart.ai has received millions of investment from many institutions as early as the private placement period. Currently, a number of well-known artists at home and abroad have successfully settled in Cryptoart.ai. Cryptoart.ai has also co-organized offline CryptoArt exhibitions and auctions with NOVA and other top brands.

The popularity is closely related to the efforts of the Cryptoart.ai team. Creation members have many years of practical experience in the fields of art, block chain, Internet, finance and so on. We gather the first senior advertising marketing experts who won the gold award in the international advertising competition in China, the founder of Art Collection, the creator of art micro-photography mode, the pioneer of art online education and other industry elites. The team once won the first prize in the special competition of digital economy blockchain in the Yangtze River Delta International Innovation Challenge on October 30, 2020.

What pain points Cryptoart.ai addresses

As a NFT CryptoArt trading platform, cryptoart.ai has solved several pain points existing in the current NFT market by upholding art and making technical breakthroughs.

Link to Reality Artists

As the largest decentralized NFT crypto digital art trading platform in Asia, Cryptoart.ai works directly with real artists to generate unique NFT through on-chain tokens, and collectors can conduct NFT auctions directly. The NFT serves not only as an on-chain ownership transaction, but also as a unique link between artists and collectors. Without any limitation, artists and collectors can have a cross-platform direct dialogue, maximizing exposure for artists.

Tokenize assets on the chain

On the Cryptoart.ai platform, each creator's work is cast by smart contracts, and in this mechanism, any application in the ecosystem can be directly integrated with individual artists without affecting the entire market pool. Art + Auction breaks the limitation of traditional auction, and any artwork can be directly traded independently in the smart contract.

Technically, cryptoart.ai holds the NFT attribute, and according to the technical characteristics of marking the ownership of digital assets in the blockchain, the works created by artists can be automatically distributed to the artist's account after each transfer after being sold, which subversively innovates the copyright system that has lasted for a hundred years in the art circle. It provides a good reference for the future value reconstruction and the business model of the art market.

CryptoArt. Ai technology

At present, most NFT platforms are based on the Ethereum network, which is limited by high Gas costs and network congestion. In this regard, cryptoart.ai adopts Lay2 technology, whose core idea is to take the underlying blockchain as the consensus basis, and use smart contracts or other means as the bridge between the chain and the chain to communicate. When there is a fraud, the users under the chain can still return to a certain state on the chain, so as to achieve high scalability and performance.

In terms of consensus algorithm, cryptoarte. Ai innovatively uses the hybrid consensus algorithm of "POS+PBFT", which not only enables users to actively participate but also prevents malicious behaviors, solves the problem of node distrust in POS mechanism of Ethereum network, and also learns from the governance model of DAO. A new block is created through multiple rounds of majority voting. Currently, cryptoart.ai has reached a consensus with   Litentry identity data calculation model is cooperated to integrate the reputation calculation mechanism into its DID algorithm pool to realize the possibility of NFT and DID.

In the era of Web3.0, Cryptoart.ai adopts a special flexible cross-chain mechanism to achieve instant scalability and extensibility. There are mainly two parts: one is the interconnection between cryptoart.ai and the external chain, which uses the relay technology to realize the interaction with other chains; The other is the intercommunication between other chains based on the cryptoart.ai platform. It cleverly supports the interconnection between other chains through a more complex smart contract.

Token economics

CART is the ERC-20& NBSP of the Cryptoart.ai platform ecology; Tokens, 100 million in total, have the dual properties of platform currency and privilege Token. The specific distribution of tokens is as follows:

The user locks the warehouse CART, according to the weighted average of the market and quantity, obtains different grades of NFT encrypted artwork, and realizes it through the way of free transfer of NFT, and CART never inflates.

Users consume CART and push the NFT artwork they hold to the popular homepage of DAPP, and CART realizes deflation.

Part of the revenue of the platform will be used to repurchase and destroy CART, which will further reduce the total amount of CART and gradually become a scarce resource.

Application scenarios of CART mainly include:

1) Partial repurchase of platform trading commission

2) Community DAO governance

3) DEFI +NFT products

4) Staking to get NFT

5) Pay for access to top priority rights, and more rights and interests will be gradually unlocked.

conclusion

Since its inception, Cryptoart.ai has been open to anyone worldwide and available to all CryptoArt enthusiasts. Cryptoart.ai is committed to creating an asset-light digital art platform in the pocket that is available to everyone, allowing more people to participate in the revival of Crypto culture with low threshold and depth, and becoming a mass-level entrance to the Crypto art world.

From the perspective of buyers, NFT democratizes collection and directly breaks the limitations of galleries in the real world. Ordinary people also enjoy the same right to collect as celebrities. From the artist's point of view, cryptoart.ai makes the uncut jade bright, can be peaceful youth. In the world where everything can be NFT, cryptoart.ai provides a stage where everyone can become an artist. In the whole NFT market, cryptoart.ai combined with art can be described as a long-term "call option" for CryptoArt.

As cryptoart.ai co-founder Ji Dong once said: Art should follow The Times. The progress of art is the breath of The Times. NFT gives CryptoArt new vitality and activities. In the era of Web3.0, Cryptoart.ai is expected to become one of the important participants in the "meta-universe" and become the carrier of value "across space" and "across time", casting eternity on the chain.

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