As a capturer of ecological value, how does CryptoART.AI detonate the NFT market?

Since the beginning of the 21st century, there have been more and more creators of new media digital art, and the development of digital collectibles is very important at this stage, with a dazzling variety of transactions. NFTs can be used for digital assets that need to be distinguished from each other to prove their value, or scarcity. They can represent everything from virtual blocks to artworks, to ownership licenses. NFTs can be art. NFTs can be music. NFTs can be collectibles, real estate, sports, fantasy football, games, Internet ephemeral things, and almost anything that escapes the mind.

According to relevant data: As of April 26, 2021, the total market value of NFT is close to US$26 billion, and the transaction amount of NFT in Q1 2021 exceeds US$1.5 billion. The transaction amount in Q1 2021 increased by about 26 times compared with the previous quarter, of which NBA Top Shot, Crypto Punks and Opensea accounted for more than 70%.

We can't help but wonder: What triggered the NFT wave? What is the potential of NFT in the creative world?

Today we are honored to invite CryptoArt.Ai CMO Freya to come to Interstellar Vision to explain to us one by one: As a capturer of ecological value, how does CryptoART.AI detonate the NFT market?

CryptoArt.Ai is currently the largest decentralized NFT encrypted digital art trading platform in Asia. It is based on the Ethereum ERC-721 protocol and integrates casting, sales, auctions, collection and transfer.

Interstellar Vision Gege: In 2021, NFT has become the biggest trend in the field of cryptocurrency, and various NFT projects have also become familiar to everyone. Can you briefly introduce what CryptoART.AI is? What was the original intention of its creation?

Freya: CryptoArt.Ai is the largest NFT encrypted art trading platform in Asia, allowing any user to create and display their own works and own the NFT. The platform currently has 746 artists from more than 40 countries and regions around the world, and the sales rate of works has reached 60%+.

On the CryptoArt.Ai platform based on the ERC-721 protocol, users can bid directly to artists or purchase directly according to the bid. Artists can control the pricing model and can also give NFTs to users.

Each creator’s work is forged by their own blockchain smart contract. Under this mechanism, any application in the ecosystem can directly integrate with the individual artist’s contract without having to affect the entire market pool.

CryptoArt.Ai was founded with the intention of creating a modern, equal rights world for artists and collectors through a decentralized governance model, enabling talented artists to use blockchain technology to solve the problems in the traditional art field in this context. CryptoArt.Ai's mission is to enhance artistic capabilities through blockchain technology, solve the dilemma of digital art, explore the possibility that contemporary art can be connected with digital media, and join the emerging international movement of conceptual blockchain art. The CryptoArt.Ai platform relies on a global community of artists and collectors and is committed to promoting the vigorous development of NFT crypto art.

Star Vision Gege: Recently, 11 NFT works from the CryptoArt.Ai platform will be unveiled at Yongle 2021 Spring Auction. What is the main purpose of this event? Is it related to the progress of the project? What changes do you think an NFT platform can bring to the cryptocurrency market to promote the development of the NFT track?

Freya: 11 NFT works from the CryptoArt.Ai platform will be on display at this auction. Among them, three NFT works, including the artist Song Ting's NFT work "Discovering Matisse's Peaches and Paper Cuts in the Cyber ​​World" and the Russian artist Andreas' NFT work "Kiss" series VINCENT Van Gogh, will be auctioned at the Digital Blockchain Art Special (17:00 on May 22, Hall A of the Four Seasons Hotel Beijing), and the remaining eight NFT works will participate in the blockchain digital art online night auction.

As we all know, Yongle is a well-known offline auction house. The works of artists on the CryptoArt.Ai platform participating in Yongle's offline exhibitions can increase the exposure, transaction rate and transaction price of artists' works. Offline exhibitions and auctions are the exclusive advantages of the CryptoArt.Ai platform that distinguish it from other NFT encrypted art trading markets. Unlike other NFT platforms, CryptoArt.Ai has been deeply involved in the art field for many years and has accumulated rich offline art resources and connections in the art circle. It has a good cooperative relationship with major well-known offline auction houses. At present, NFT artworks are only a carnival in a niche field. Holding offline art exhibitions is a bridge and link between encrypted digital artworks and the general public, allowing more people to know NFT and participate in the NFT ecosystem, thereby jointly promoting the prosperity of the entire NFT.

Recently, CryptoArt.Ai will hold the first global NFT crypto art exhibition "The Impact of Reality" on May 29. The exhibition will last for 9 days until June 6. The specific location is Tank No. 1 of Shanghai West Bund Oil Tank Art Park.

This exhibition is definitely worth attending, with an absolute all-star lineup. Whether you want to learn about NFT or are just interested in NFT, it is worth coming. If you like art, you can’t miss it!

In this exhibition, 25 artists from around the world including Beeple, Pak, and Song Ting will exhibit their works and participate in the auction. Starting from the digital attributes of crypto art, this art exhibition is divided into three chapters: Wings, Imagery, and Singularity. It uses the context of art history to sort out the objective reality of the coexistence of technology and art, and explores the new influences and impacts of modern art since Impressionism on traditional art, and how they have shaped the landscape of contemporary art.

Star Vision Gege: In addition to CryptoART.AI, there are other products doing similar things to CryptoART.AI, including BakerySwap on Binance Smart Chain, which is also developing various functions for NFT ecosystem gameplay. What is the current NFT transaction data on the CryptoART.AI platform? What are the advantages of CryptoART.AI compared to its competitors?

Freya: CryptoArt.Ai has been online for only seven months, and has developed rapidly. As of today, a total of 746 artists have passed the review, 522 works have been published, 345 works have been sold, and the cumulative sales amount is 328.94 ETH. Such data is firmly ranked first in Asia.

Compared with competing products, CryptoArt.Ai's unique advantages can be summarized into the following three aspects:

1. Focus on the art field 2. DeFi+NFT innovative model 3. Promote the NFT market

Compared with OpenSea and other platforms that cover a wide range of product content, including digital artworks, crypto collectibles, game items, virtual land, domain names, etc., CryptoArt.Ai is more focused on crypto artworks themselves and derivatives. In the future, we will also cooperate with platforms like Opensea. We don’t like to say that other platforms are competitors. We hope to work together with other platforms for the development of this industry. In transactions on the CryptoArt.Ai platform, NFT can not only be traded as ownership, but also a unique bond between artists and collectors. NFT is the main body of the artist’s work recognized by the artist.

CryptoArt.Ai innovatively combines the dual mechanisms of DeFi (high liquidity) + NFT (high value capture) to promote the circulation of value through liquidity pools. Based on the reliable rights and interests attributes of NFT and its unique and indivisible characteristics, the program can confirm the user's authority by identifying NFT, and NFT can also become a token for confirming rights in the information world.

NFT collectibles have a complete, transparent, reliable, low-cost and efficient secondary market. Users can easily trade and transfer NFT collectibles on CryptoArt.Ai, and can auction their collections at a very low cost.

Interstellar Vision Gege: What is the future plan of CryptoART.AI? Can you talk about it from multiple aspects?

Freya: As the largest NFT encrypted digital art trading platform in Asia, CryptoArt.Ai has been working hard to improve future business and accelerate the expansion of the ecosystem and team since its establishment. Because of the current popularity of NFT, the demand for high-quality NFT artworks in CryptoArt.Ai and the NFT encrypted digital art market will increase. In the next stage, CrypoArt.Ai will have the following plans in terms of products, markets, funds, and hardware:

1. Product. Cryptoart.Ai V2 will be updated soon, adding sections so that both CA and non-CA excellent works can be auctioned on the platform. The auction rules will add countdown auctions and bidding rebates. Cart.finance V1 will be launched, and CART tokens will be used to mine NFT blind boxes. V2 will increase the number of supported tokens, as well as more community-co-branded NFT mining and market speculation.

2. Market: We will introduce more IPs or celebrities for cooperation, such as the cooperation between the famous British female singer Jessie J and PAK, and gradually expand the traffic of our platform through these traffic IPs.

3. Funding: The establishment of an NFT investment fund can, on the one hand, stimulate transactions in the primary and secondary markets, and on the other hand, discover and support contracted artists with growth potential.

Interstellar Vision Gege: How is the current development of the CryptoART.AI community? How will the project team build the community to get more users involved?

Freya: We established a community on overseas social software Telegram and Discord in the early days, bringing together more than 600 overseas artists and collectors, because our high persistence and passion for art infected and attracted them. In the future, there will be a larger community on our platform, and more users will be involved through submissions, competitions, online exhibitions, and AMA connections. It will link artists and collectors, increase community cohesion, and deeply bind with users.

Interstellar Vision Gege: How are CryptoART.AI tokens distributed? What role do tokens play in the entire system? What role do users play in holding tokens? How should users participate in the project now? And how can we solve the incentive problem?

Freya: CART is the CryptoArt.Ai platform ecological token, with a total issuance of 100 million. The token distribution plan is shown in the figure

CART has the dual attributes of platform currency + permission token. Users lock CART and obtain NFT encrypted artworks of different levels according to the weighted average of the market and quantity, and realize them through the free transfer of NFT. CART will never be inflated. Users consume CART and push the NFT artworks they hold to the hot spots on the DAPP homepage, and CART will achieve deflation. Part of the platform's income is used to repurchase and destroy CART, further reducing the total amount of CART, and gradually making it 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) Payment to obtain priority top permissions, and more rights and interests will be gradually unlocked.

In the future, we will also conduct IDO on the cooperation platform. The specific information will be announced in real time on the official channels. Please stay tuned!

Interstellar Vision Gege: What is your prediction for the recent NFT trend? How can CryptoART.AI seize the market and share the market cake in the current environment?

Freya: The NFT market is developing at a rapid pace. 2020 can be said to be the first year of crypto art. The performance of the NFT crypto art market indicates that this market is about to enter a rapid growth channel. On December 7, crypto artist PAK just won the honor of being the first in the world to have a transaction volume of over one million US dollars. Five days later, another god-level crypto artist Beeple held a large-scale auction, which broke the record created by PAK in just one day, pushing the popularity of the NFT crypto art market to another climax. On December 12, Beeple's auction officially started, and the transaction volume reached 582,000 US dollars within five minutes, and the cumulative transaction volume on that day exceeded 1.1 million US dollars. Beeple sold a total of 824 NFT artworks with a total value of approximately 6.4 million US dollars, ranking first among all crypto artists. However, all this is just the beginning. I believe that in the near future, we will witness the history of crypto art creation together, and everyone here will see the first single piece of crypto art worth over one million or tens of millions of US dollars.

In the future NFT market, CryptoArt.Ai will adhere to the original intention of breaking the dual bottlenecks of traditional art and the DeFi world, provide artists and collectors with an online art trading bridge based on high-quality audit standards, continue to firmly focus on the encrypted art track, and continuously refine the classification of artworks. At the same time, we will cooperate with more artists to continuously stimulate the fan economy effect of the platform.