Digital transmission of art can be profitable by being registered on open blockchain ledgers, which anyone can view if they wish to, tracking ownership of the NFT becomes possible. If you were to sell a digital asset, you’d add to the blockchain with the change in ownership of the NFT and so it would continue with every subsequent transaction. If someone were to try and sell an NFT they did not own, then they would not appear in the blockchain. The idea may sound simple but the art world has nothing like it for physical works, relying on auction house records and gallery-held information instead.
What can you do with NFT art?
NFTs are part of the Ethereum blockchain so they are individual tokens with extra information stored in them. That extra information is the important part, which allows them to take the form of art, music, video (and so on), in the form of JPG, MP3s, videos, GIFs, and more.
A Brief History of NFTs
NFTs came to prominence in 2017 with a game called Crypto Kitties, which enables players to buy and “breed” limited-edition virtual cats. From there, game developers adopted NFTs in a big way to allow gamers to win in-game items such as digital shields, swords or similar prizes, and other game collectibles. Tokenization of game assets is a real game-changer since it enables transferring tokens between different games or to another player via NFT specialized blockchain marketplaces. Besides gaming, NFTs are frequently used to sell a wide range of virtual collectibles, including NBA virtual trading cards, music, digital images, video clips, and even virtual real estate in Decentral and, a virtual world.
Features
ECOSYSTEM: An ecosystem is defined by the network of interactions among organisms, in the context of an Arts Ecology, the interactions that arts organizations and audiences/participants create are our arts ecology, it is the system affected by society and economy.
CERTIFIED: A certificate of authenticity for artwork is a document that should accompany every artwork created, whether or not it sells. The COA certificate is the number-one tool in determining an artwork's provenance, with the certificate declaring that the work was indeed created by you.
NFTs: An NFT is a piece of artwork stamped with a unique string of code and stored on a virtual ledger called a blockchain. Fanned by viral marketing, hubris, and perhaps some pandemic ennui, interest in the NFT market has exploded, driving up the price of digital artworks to fantastical levels
EXHIBITIONS: Exhibitions act as the catalyst of art and ideas to the public; they represent a way of displaying and contextualizing art that makes it relevant and accessible to contemporary audiences.
GOVERNANCE: Governance tokens are tokens that developers create to allow token holders to help shape the future of a protocol. Governance token holders can influence decisions concerning the project such as proposing or deciding on new feature proposals and even changing the governance system itself.
DAVT Token
Dexus Art Vault Token (DAVT) is launched as an ERC-20 token on the Ethereum blockchain with a total supply of 10 million. DAVT is a governance token and carries the right to vote for:
- Sell/buy specific NFT artworks
- Add/remove incentive contracts for DAVT
- Set the DAVT pool reward rate
- Change DAVT allocations
- Upgrade other contracts throughout the system
Advantages of DAVT Token
Users can get rewards in the form of Dexus Art tokens if they participate in the Uniswap platform. Dexus Art token holders have voting rights in the Dexus Art ecosystem. Their voting rights will apply to sell / but specific artwork set the DAVT pool reward rate, etc.
Currently, the NFT market has a capitalization of 27 billion dollars and will continue to grow in the future. And Dexus Art is a platform that focuses on this potential market by becoming a platform that will promote the digital transformation of the art market and artists' practices. And it is growing for its outstanding features, you also can participate in this flood.
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WEB:https://dexus.art/
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