Welcome to the CryptoArt.ai Live AMA with The Gem Hunters, it's a pleasure to have you here today!
To start off this AMA, could you give the audience a brief description of what CryptoArt.ai is and what the project is about?
CryptoArt.Ai is Asia’s largest NFT encrypted art trading platform, allowing any users to create and display their own works. It is committed to cultivating emerging artists, empowering art with blockchain technology, exploring the possibility of interaction between contemporary art and digital media. The platform integrates casting, sales, and collection of NFT encrypted artwork.
Now that we have some background on the project, who is the team behind CryptoArt.ai? What kind of experience does the team have?
The team composition of CryptoArt.Ai is very diverse, and all team members have rich experience in related fields. The team members' technical strength, branding experience, artistic taste, and deep understanding of blockchain and crypto art all make CryptoArt.Ai possess excellent genes. Which also makes the platform developed rapidly after only 7 months of launch. The founder of the team, Qin Jianxin, has rich experience in many fields. He not only has experience in promoting top global brands, he is also a young artist and curator. The CryptoArt.Ai team is committed to research on the combination of art and blockchain.
Now you're not the first to build a marketplace for art on the blockchain - what is your difference compared to other platforms?
Combining traditional art, the CryptoArt.Ai team creatively achieved breakthroughs such as non-physical rights confirmation, trading, certification, and circulation, and platform created a fair and free ecological environment for artists, and allow truly valuable works to be recognized.
We're more focused on art itself. we want provide high quality NFT artworks and we believe cryptoart should be ART first!
Depending on the blockchain a buy or sell of NFT-art can be very expensive. On which chain is CryptoArt.ai build, and what costs in pure transaction fees should a customer expect?
CryptoArt.Ai innovatively 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.
which chain will you be using sorry? i.e ETH or BSC?
ETH for now and BSC by end of this month! CryptoArt.Ai platform is based on the ERC-721 protocol, it uses specially developed smart contracts to enable users to create, purchase, transfer and trade unique digital art, which can then be visualized on the website and users can interact with the website. As for costs, users can directly bid with artists, or directly purchase according to the bids. Artists can control the pricing model and can also give users NFTs. Each creator's work is cast by their own blockchain smart contract. As for the circulation of artworks on CryptoArt.Ai, 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.
What are your plans to onboard artists, - but also buyers to use your platform? Are there any reward programs in place to incentivise adoption?
Yes we have a full reward plan for our buyers and all the tool will come out on our next product update. NFTs 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. CrypoArt.Ai could make the artist's artistic achievements more tangible and valuable, because the uniqueness, rarity and originality of art can be easily confirmed. Many artists from several influential countries outside have joined Cryptoart.Ai. There are currently 767 artists in residence from more than 40 countries and regions around the world, and the sold-out rate of works exceeds 60%.
Lastly before we open the chat for Community questions - do you have a target market based on regions, and expansion plans according to it?
CryptoArt.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. At the same time, CryptoArt.Ai will also promote 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 would like to thank the team for attending once again, please use links below for further research.