We are pleased to announce our next AMA on December 26th 2021 at 11:00 AM UTC Time: Satoshi Club x UniArts Network
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join UniArts Network Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. UniArts Network Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about UniArts Network
For more details:
UniArts Network Website – uniarts.network
UniArts Network Telegram – @uniarts
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
UniArts – There is no doubt the fact partnership aids in success of project as promising as UniArts, in this vein, I learnt UniArts Network and KAKA NFT World have formed a strategic partnership, and UniArts proposes to release (6) SIX NEW Special Christmas Models for KAKA NFT World at Christmas EVE, December 24, 2021 in the IMPOSSIBLE ART FORMULA GALLERY as part of KAKA RABBITs fair value discovery, etc. Could you please explain to us about KAKA NFT? What does UniArts aim to achieve in its project and for its community by partnering with KAKA NFT WORLD? What would this great partnership add to your project? Please tell us. Thanks
I read that UniArts has launched its Impossible Art Formula on Polygon, which hosts highly demanded NFTs. Also, NFT collectors/creators, etc. can create their own “NFT Vault”. The vault contains many NFTs that support collectors to issue social tokens equivalent to the market value of the NFT in the Vault. Can you elaborate more on your impossible Art formula? How does it benefits UniArt’s users/players? What are the requirements for an “NFT vault to be created? What are the benefits of creating these NFT vaults?
I understand that UniArts is at the forefront of offering tools to make the adoption of NFTs by artists a seamless process. It has actively created a safe haven for artists to tokenize and mint their arts to NFTs. UniArt has the following features: Exhibition, Value discovery, IXO. Can you tell us the requirements for Artists to list their NFTs in the exhibition?What are the process/stages in listing NFTs? Will an artist be able to list more than one NFTs at a time?
A fisher is the one responsible for minimizing the misbehavior of curators and creators. A couple of examples of this unacceptable behavior is impersonation or having offline nodes. They inspect validators; if one validator has not minted the required volume of NFTs, the fisher can slash 3% of the total UARTs nominated for that validator.
If a validator mints NFTs in declining quality, the fisher may initiate a public vote on said quality. Negative voting results can empower fishers to slash 5%. Slashed UART is all awarded to the fisher. In the case where the fisher becomes dishonest and unjustly slashes the validators UART, is there any measure put in place to tackle such issues? Is there any other way the fisher can get rewarded apart from the 3% or 5% he slashes from the validators total UART? What are the attributes required for one to be eligible to be a fisher?
I understand Holders of UART/WETH can vote for the NFTs exhibited in the UniARTs network through staking and users will earn new UART, and the NFTs will be cast into the newly issued UART according to the number of voter they get; and NFT collector/creators, can also create their own “NFT Vault” which contains many NFTs that support collectors to issue SOCIAL TOKENS equivalent to the market value of the NFT in the Vault. What exactly you mean by SOCIAL TOKENS? Are the SOCIAL TOKENS different from UART and NFTs earnable under UniARTs? Finally, how would NFT collectors/creators be able to create their own NFT Vault and at what cost and with what currency would they be able to buy or create their own NFT Vault? Please detail us
I understand that UniArts’ consensus mechanism mints part of the block’s reward to the NFT for making it a composite asset of both fungible and non-fungible tokens. It allocates the rest of the block reward to the token holders who placed the votes. Can you please elaborate on how these rewards are distributed? Are the rewards distributed equally among the voters or are they shared according to the amount of $UART/wETH a voter staked? Can you please tell us how many voting rounds would there be per session?
I learned that on December 26, all interested users will be able to buy $UART on PancakeSwap and QuickSwap. It’s great that $UART will be immediately available on two different platforms from BSC and Polygon. Please tell us why you chose these DEXs? Can you specify the exact opening times for trading pairs? Are you planning to list on any major exchanges in the near future, such as Binance, KuCoin or Huobi? If it’s not a secret, please tell us which ones? 🙂
During the latest interview with one of the member of UniArts Network it was metioned that all artists should be encouraged to start making NFT art now, letting their imagination fly! Works created at chaotic moments, just like the moment when people are still trying to figure out how NFT could be used, will be the most attractive works. Could you explain the style of artworks accepted on UniArts? Where the priority is given? Please also summarize the advantages for creators to place their works with UniArts? Thanks!
UniArts is an application-specific parachain that focuses on NFTs and their value discovery. This goal can be broken into 3 progressive segments: 1) People create NFTs 2) People collect and exchange NFTs, and 3) People utilize the application to perform value discovery for NFTs. Please reveal the details of each segment. Is the sreation of NFT free for anyone? How does the collection and exchange pass? What if the exchanged NFTs have different value? Please also summarize the taxes applied to users on each stage between NFT creation and final sale? Thanks!
UniArt has introduced a new Web 3.0 innovation which is called UniScan. According to what I gathered, this feature will simplify NFT hunting and search process as it is designed to ensure users will be able to find their favourite NFT collection with ease. Can you explain more about this unique Web 3.0 NFT search engine? Since you said this NFT search engine will work multi-chain, can you explain the seamless checking process that your NFT checker uses to scan multiple chains at a time and how artwork are registered in its library registry? How fast does it work in terms of the ability to bring out search results in time saving manner and in what way can users use UniScan to discover new or trending NFTs on various blockchain outside the favorite collections that they are already aware of?
I noticed that there are three layers on your platform, Layer 0: Protocols such as Ethereum 2.0 and Polkadot, Layer 1: Parachains and Bridges, Layer 2: AppChain. Since this seems to be a new concept, can you deeply explain about this three layer structure? How does each layer work? What is the interconnection of these layers? What are the benefits that the platform and the users receive due to this structure? As a member of your community and a user of your platform, what type of information someone has to know regarding these layers? Will you revise this structure with the development of the project? For example, will more chains be added to Layer 0 in addition to Ethereum and Polkadot? Further, do you have plans to add more layers?
While describing the uses of your native token $UART, you have mentioned about several utilities including paying platform gas, purchasing traffic and ads, and paying for resources. I am curious to know about passive income opportunities attached to $UART. Generally, platforms offer holding/staking rewards for their own tokens. What is the situation of UniArts? There may be investors who can see the potential of your project, but are not interested to use the platform. Can they purchase $UART just as an investment and earn a considerable profit? If you offer that type of options, please explain about them including important information such as requirements, staking tiers, and unstaking fees.
You have allocated 26,000,000 tokens for the private sale. However, I cannot see any allocation for the public sale. Won’t you conduct a sale for the general public? If yes, what is the reason behind that decision? What is the best option for the community members to purchase your tokens? Should they wait until $UART get listed on an exchange? Further, there is an allocation of 19,000,000 tokens for the UniArt Treasury. Can you explain about the utilities of these funds? What purposes are attached to the allocation of your Treasury? Who is handling these funds and how do you ensure the transparency of expenses? Will all the records be published and available to the community members?
I read that the ultimate goal of UniArts is to provide the sort of NFT infrastructure, community voting, DAO curation, and art grants that allow for the true democratization of art. This is very innovative. How do you make this possible? How do you encourage the community to vote and participate in the DAO? Are there rewards for users who participate in the NFT voting process? What are the requirements to be able to vote? In some platforms they require staking and the tokens remain locked for a minimum of days. Will our UART tokens be locked within the UniArts platform for a specified time? Will voters get any rewards if their voted-on NFTs get sold?
I read that UniArt Metaverse gallery has been officially opened yesterday which was 25th of Dec., It is said this Metaverse will have three ground floor spaces to show digital art as well as library, parks, shops and theaters and that users can go to different areas to enjoy their gallery tour. I want to ask if this uniArt Metaverse gallery was launched for just the purpose of users to enjoy touring? What other purpose was this Metaverse created? Also want to know if touring the Metaverse is free to users, or will there be any gas fee/ requirements to meet? If yes can we know the cost of touring this Metaverse gallery and the benefits this Metaverse will offer? You said you collaborated with some firms like KAKA, Dracoo, CELESTIAL, Nabox etc to see to the opening of this Metaverse, what major contribution did this firms offer to the creation of the Metaverse? Is there any win-win collaboration with them?
While researching for this AMA, I found out that with UniArts, artists can create NFTs with their works, and UARTs token holders can stake their tokens to vote for these NFTs. What are the requirements for artist to be able to create NFTs with their work in UniArts? Can you briefly explain the process of creation of these NFTs by Artists? What are the incentives which artists receives when NFTs gets a positive number of votes from UARTs Token Holders? In line with this, I noted Artist can put their NFTs up for exhibition, what are the requirements and process for Artists to put up their NFTs for exhibition in UniArts?
I understand that Nominators stake $UART token and nominate validators by voting for their preferred NFT. can you tell us the minimum UART token a nominator must stake to be able to nominate a valiadator ?what are the requirements for candidates to be eligible to be a norminator?,can you highlight some benefits or incentive a nominator will get for staking the $UART token?what is the minimum number of NFT’s a candidate must have to be eligible to receive vote to be a validator and why is it so?
Prior to the launch of your Mainnet,UniArts teams needed some few things to make its network function properly(1)You needed enough curators who either have connections with artists or collected some quality NFTs themselves(2)Community that understands how the system works and are willing to purchase $UART for voting and (3)To launch a testnet not only the technical aspects of it but also the feasibility of the economic model and community mindset.But you sincerely noted that the team does not have the sufficient resources for that.So can you share you experience with us on how you were able to bypass that all of that?How were you able to get curators that brought you to good artist and at the same time person who can run a node on UniArts Network?How were you able to help your community understood properly how your system works?Having launched your Mainnet without the designed feature,are you making plans for that or are you just okay with the basic substrate based blockchain network with EVM support?Please explain Thanks
UniArts’ NPoS mechanism requires creators to mint NFTs with their works and bind their address with a running node to become the validator candidate and Holders of UART tokens can nominate preferred NFT validators and earn additional UART in the process. can you explain more on UniArts NPoS mechanism and how it works? How can creators mint NFTs with their works and bind their Address with running node to become Validator Candidate?? Can you explain on the incentives creators receives and how they are incentivized when they are selected as Preferred NFT Validator by UART Token Holders?
UniArts NFT Gallery is named “The Impossible Art Formula”.But I noticed that you postponed the date of the release of the online gallery event.But as I searching through I couldn’t find if this gallery event has already taken first.So can you first tell us why the release of “The Impossible Art Formula” gallery was postponed?Have you fixed another date for the online event or it has already taken place?What was your reason for giving your NFT Gallery “The Impossible Art Formula”,any brief explanation to that?Does the UniArts NFT Gallery have any connections with UniArts Metaverse Gallery?Is it replacing the NFT Gallery since I couldn’t find more information about your NFT Gallery?Please explain Thanks
As an upcoming plan, you intend to expand the function of UniArt gallery to support the exhibition of third party NFT. Can you explain the application process and the project or artist that are qualified to work as curators and get their artwork featured in your gallery? What does third parties stand to benefit from being a curator in UniArt and how do you intend to provide them additional exposure? Also, you said that UART will be minted into exhibited NFTs thereby making them more valuable. How will you determine the amount of UART token to mint for each artwork and how will Fungible token be minted into an already existing NFT in order to make it more valuable?
In a previous Mistress they mentioned that they are applying to enlist, what is their current status in this regard, in which they are already incorporated, their ultimate goal is to provide a type of NFT infrastructure, community voting, DAO curation and art grants that allow the true democratization of art, how do you plan to achieve all this considering the high level of existing competitiveness, are the bets on your platform optional or mandatory, do you have local communities and languages other than English?
Among the many existing and recognized chains that decided to take Sustrate as a matrix point, which has been the most important and outstanding contribution that Uniarts has received from Sustrate, a creator can exhibit his works in Uniarts and another platform simultaneously, a creation in Uniarts Is it exclusive to the platform or does the creator have the right and autonomy over their work, tell us a little about their economic and income sharing model, who are their current collaborators and what are their plans to enlist in CEX, DEX or even both?
Just as the growing rise of the Gamefi Metaverse has allowed new talents and developers to join this industry, so have malicious projects and users, it is necessary to approve some security protocol or KYC to incubate on their platform, they can guarantee their users and investors the total protection of their assets and cryptographic capital, do they have the financial capacity to attend and maintain their operational activity in the face of a sudden prolonged or repetitive bearish wave?
Arriving at a fair value for NFT pricing has always been a challenge which has been left mostly to perception and subjectivity. UniArt intend to tackle this headlong by creating a decentralized mechanism that creators and Collectors will use to determine the fair market value of an underlying artwork. I will like you to expand further on how the decentralised mechanism will work and how you reliably determine the cost and price of NFTs. Since you use a voting process, how many UART is needed to be staked in order to participate in voting and how are staked assets tied to votes in order to ensure that curators/collectors takes appropriate consciousness during fair market price finding process?
Uarts claims to provide good commons forwarded to community and recently they have promoted a Christmas giveaway in conjunction with various partnerships for the community in general, can you explain to Satoshi Club how to participate in this Christmas promotion and how to be eligible for the rewards? Also, could you tell us about your connection with the products of your partnerships and how important have they been for UniArts this last year?
I could see that UniArts has a system of NFT vote mining by staking UARTs for NFTs and earn reward, but I am confused, is this part of the governance system of the project as well or does vote mining only serve to generate profits? Could you explain how staking differs from project governance? Could you tell us how your DAO is structured?
We see that in the NFT world hackers and scammer are on the increase.Hackers are already stealing lots of users NFTs.While accessing your website I didn’t get to see if you have done any Security Audit of UniArts Network.So can you tell us how safe is your platform in safeguarding users assets and also assuring them peace of mind?Even though the underlying blockchain technology in NFTs is secure, we must not forget that NFTs rely majorly on a smart contract, failing to secure the project may result to a hack.Have Uniarts conducted an Audit for it’s platform?If no,are you making plans for that?If yes,can you get to share the report of your project having under gone some security check-up?Please explain for we are security conscious investors. Thanks
Hello UniArts team. Within the UniArts ecosystem, users who own the UART token can vote to help decide the value of a given NFT. I learned that after each voting round, the amount of UART minted into the NFT is a precise and objective indicator of the degree of preference of that world to the NFT. Do the users who participate in this voting process have experience in the artistic world? Does this process determine the FAIR value of that NFT? For example, if an artist wants to sell an NFT within the UniArts platform, must that artist necessarily sell that NFT at the price that resulted in the voting process? Or is it the final price agreed between the seller and the buyer? Thank you!
‼️ UniArts’ mission is to “make art democratically available to as many people as possible.” So, how can the platform help to ensure that everyone can share and enjoy works of art, while also making it fair and beneficial for the artists and accessible to the general public?
UniArts has a decentralized NFT gallery where established and emerging artists can exhibit their work. How can emerging artists display and promote their work alongside established artists, and how is the platform supporting them?
There are two very important roles within UniArts, known as validators and nominators. You mention that what the validators and nominators together accomplish is the democratization of art. Without a doubt, democratization of arts is the future of NFTs. Regarding these two roles, which of the two has more responsibilities within UniArts? What tasks do each of them perform? Who has the most voting power when deciding what art pieces get the support and popularity on the platform? Can you share with us what benefits and advantages each of these groups receive? Do they receive rewards in UART tokens for their efforts? Is there a maximum allowed number of users within these roles?
It caught my attention that on the UniArts platform artists can earn royalties every time their NFT is re-sold, in this way the original artist is always paid a certain percentage for their work from future sales. Can this be expired after the NFT has been sold multiple times? Or will the artist receive the percentage of it even though his NFT has been sold more than 100 times? Can it expire after a considerable time? By the way, will only the original artist receive the percentage or will successive sellers also receive a portion? Does this apply only for beginning artists or also for professionals? How much is the percentage that will be distributed to the artist?
UniArts is a multi-chain bottom-up value discovery system with a substrate-developed mainnet and EVM (Ethereum virtual machine)-based smart contracts for infrastructure. But recently you make partnership with KAKA NFT which I will like you to give more details and benefit of this partnership to your project because I read that you release 6 new special Christmas models for them on Christmas Eve, December 24, 2021. Is it part of your plan to be creating NFT for projects to gain strategic partnerships? I also read that UniArts users will benefit from KAKA newly released KAKA Rabbit, in what way people will be considered as a users of UniArts and what are the requirements needed to be met?
There is no argument that all artworks have magic power, and can be wield by their collectors to achieve the unthinkable and they are more powerful if they are publicly adopted. I would like to know if all Artworks must win the favours from the public before having potential towards greatness, what are the strategies Uniarts artworks planned to use to win the favours from the public? What is the usefulness of artworks sold in the gallery especially in the Art-Versus game? And is there any plan to extend your artworks to popular marketplace?
UniArts is part of the web3 foundation grants program that has really given much to talk about this year, specifically about EVMs based smart contracts, but for NFT infrastructures, can you tell us what competitive options UniArts offers compared to other projects of this nature? What is the maximum scalability that your ecosystem could have as a developed substrate? And how do you plan to improve it in the future?
Talking about your game, I think it would be interesting at this point to know its gameplay and revenue system that would make it so interesting, could you tell us how it works? Is it intended only for art collectors? How many NFTs do we need to be able to generate a game?
UniArts aim to create a platform that can provide power metric about an artwork which will reveal an indication about community interest in such work. Can you explain the method that you will use to evaluate community preference and relevance about an artwork? How do you use voting to determine the amount of $UART to be minted into an NFT and how does this provide an objective indicator as to the relevance or degree of preference of such NFTs?
The working structure of Uniarts network is basically built around the relationship between the artist, curator (broker) and collector. Bearing in mind that most times the quality of an art work can be directly proportional to it’s own value, what do artist look out for when minting the NFT with the generated data, and what happens to the NFTs that are not accepted by artists for bonding with nodes and who bears the loss in this situations? Thank you
On your medium i Saw that UniArts Metavers Gallery was officially opened and there was a Big reward Prize PooL!, which i Was Quite Excited in Participating in. Well, After Visiting your Metavers, which was Containing Three Layers of Different Art Galleries with A sweet Xmass Melody playing in the Background, i noticed that the there was Many of Spaces left for On your Walls for More NFT’s, please, i would like to know the Cost and Procedures of Partnering with you to Feature my NFT on your Walls, Do i get paid for Every User that views my NFT, Even without Purchasing It? And i would really like to know if there’s room for upgrades on your Navigation systems, as it only Contains A Cursor, fly & 3rd-person, hence the navigation was a little bit Rusty. I’d like to suggest a Joystick option as well for a better experience.. Merry Xmass to you and wishing your Project A Prosperous Newyear.
After going through your Medium, I encountered a topic about the NPoS driven by NFT Creation and Appreciation.
Since artists can create or mint NFTs with their works in UniArtS, & the whole Idea of NFTs Generally is to Give Artists or Creators the ability to assign or claim ownership of any unique piece of digital data, i would honestly like to know why the UniArts’ NPoS mechanism requires creators to mint NFTs with their works and also bind their address with a running node to become the validator candidate. Why is it so important in being a Validator? Why didn’t you just Allow NFT Creators to be their own Validators? Inline with development, i would also like to know how this nomination process is going to be carried out. Can you please Tell us the Benefits of being A Validator? & Lastly, I saw that your Road map is yet to be Released, can you please tell us when you plan to release it? Merry Xmass to You & wishing your project a Prosperous NewYear.
The Block of UniArts Mainnet is generated by a random validator every 6 secs and I understand that there will be 21 Validators in total and registration is open before the mainnet launch and if there are 21 working validators, the network will be open for a vote using NPoS mechanism. Can you explain more on UniArts NPoS mechanism and how it functions? Can you explain more the validators and how creators can register to become validators in UniArts Platform? Are there plans to increase the number of validators from 21? When is UniArt Mainnet Launch and what are the unique features which Which users are to expect from the Mainnet?
UniArts have a NPoS mechanism of six key players referred to as: Creator, Candidate, Validator, Nominator, Fisher and Owner. What role do each of these players play in your project? How are they beneficial to the community? I also read about UniArts economic model. Can you explain how the economic model surrounding the UniArts network works? What problem does it seek to solve? How can holders, artists and collectors benefit from UniArts network?
Your project is a multi-network NFT ecosystem with a core network built on substrate and EVM-based smart contracts for NFT infrastructures. What are the potential benefits of this substrate to interoperability of NFTs? How can this substrate help to promote the adoption of UniArts NFTs collections?