![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/J.Zoffany_La_tribuna_degli_Uffizi_detail-1024x980.jpg\")
<\/figure><\/div>\n\n\n\nDespite the historical and modern nuances, surviving as an artist has always been difficult and there\u2019s so much literature, biographies, monographs, and memoirs that testify how most artists\u2019 lives, even the most renowned and celebrated ones, has been marked by poverty and hardships (think of Van Gogh as one of the most illustrious examples). <\/p>\n\n\n\n
Web3 has brought us into witnessing an apparently oxymoronic context: while it\u2019s undeniable that NFTs have taken the world by storm and that the primary application has been in the field of art, the field of art still suffers from a number of important \u201cpain points\u201d. And that\u2019s when the peeps at UniArts come to save the day. How so?<\/em> Before we get into the mechanics, we believe it\u2019s important to get the vision fueling the UniArts\u2019 ecosystem heart and soul.<\/p>\n\n\n\n Today the UniArts\u2019 network is seeking to change the paradigm for monetization of art, by using something that we could call \u201csoft value<\/em>\u201d: imagine you have your Facebook account and you read a post from a friend and you like it. You, therefore, decide to \u201cgive it value\u201d<\/em> by clicking on the like button. But does the kind of value you tribute to it have \u201cmonetary value<\/em>\u201d? The answer is \u201cnot really<\/em>\u201d – or at least, \u201cnot directly<\/em>\u201d.<\/p>\n\n\n\n On the other hand, if you aggregate all the likes on someone who\u2019s very popular, you would be able to monetize that via some kind of advertising mechanism. That\u2019s currently a model that has not proven particularly successful, not very much transferable \u201cas is\u201d to the art context we\u2019re referring to. Yet there is a potential there and the UniArts network is considering a parallel approach to the valuation of artwork. In order to understand that, we need to go back to the principles, namely \u201cthe 3 user states of commitment\u201d<\/p>\n\n\n\n Theoretically speaking, there are 3 \u201cstates of commitment\u201d<\/span> to an artwork <\/p>\n\n\n\n Staking allows us to take a real value – e.g. dollars – which we use to buy a number of $UART tokens (more on $UART tokens later on) and then to lock them up for a period of time in support of a particular piece of art. This process becomes more than just a \u201clike\u201d – it becomes instead a true commitment of sorts, while also being a commitment that avoids the potential risk of loss because:<\/p>\n\n\n\n There is, still, an opportunity cost. For example, a user could stake for one artwork but that implies renouncing the chance of staking on a different one (staking is only possible for one NFT at a time). Thus, enough attention and interest are needed in order to be “convinced enough” to stake in a particular work.<\/p>\n\n\n\n In the UniArts model, staking is valuable because it allows potential investors, which come together at an auction, to judge the amount of interest\/commitment to a particular work. This gives them a sense of \u201chow well the work is going to do in the future\u201d – that is, how much of a current and future\/potential market for that piece of art there is\/could be. Maybe all of those people that staked for that artwork are not ready to actually bid for it, but they might be in the future: fortunes changed and people come into money and if they really like that work, and all they could do, at that point, was stake against it that would help give the market some liquidity. It also gives investors a greater sense of confidence that a particular work is interesting. In particular, this benefits:<\/p>\n\n\n\n So, clearly, there\u2019s a financial incentive for users to actually stake their funds – and this is a novel concept when it comes to art. There are all kinds of projects working in the art space and, while a user couldn\u2019t care less about art, he\/she might still – and probably will – care a lot about valuation mechanisms and token economics.<\/p>\n\n\n\n That is the heart of the problem that UniArts is trying to solve: there\u2019s a great opportunity in making this valuation model work and to apply it to many other areas where there\u2019s this sort of dichotomy between \u201csoft value\u201d and \u201chard value\u201d and how to bring them together. With all that said, we can get to the point. UniArts is an Exhibition and IDO platform for NFTs with value discovery as its core feature. It also provides Art-Fi features that cover NFT voting incentives, DAO curation, NFT financing, and artworks NFT gaming to better bond & connect fine art NFTs with the community. UniArts is also developing its substrate-based network with EVMs powered smart contracts for NFT infrastructures.<\/p>\n\n\n\n Sounds still complicated?<\/em> Let me break it down for you. Basically, UniArts was designed to answer a difficult question: how to properly value an NFT while also improving the NFTs use case?<\/em> The answer to it lies in a bottom-up valuation approach, often simply understood as \u201cvote NFT to mine\u201d. Again, what do we mean by that? <\/em><\/p>\n\n\n\n It\u2019s simply the conjugation of defining a proper process\/method for appreciating an NFT with the opportunity to earn from participating in that process. In a nutshell, it\u2019s the representation of how everyone on the platform should feel, according to the platform designers, about UniArts and it works like this:<\/p>\n\n\n\n This process is therefore aimed at creating a consensus mechanism that brings about NFT fair value through the means of blockchain technology and without implementing the process as an algorithm. It\u2019s purely market-driven and \u201cbottom-up\u201d because everyone who has wETH or $UART tokens can vote, and every single vote matters. And here\u2019s the paradigm shift: instead of a single sale deciding the value of an artwork, it\u2019s the number of tokens minted that determines the price – much like what happens in a prediction market. With this model, UniArts\u2019 introduces Art-Fi, and an innovative answer to bring about Fine Art NFTs. As hinted earlier, the Art-Fi model allows community members and owners of $UARTs & wETHs to vote for any NFT artwork that they want on the platform. Voting benefits both the art lover and the artist because they are both given new $UART tokens during the process, and $UART tokens get also minted\/cast into the NFT (as the voting process ends) for the number of votes it received. Meanwhile, the user who wins the NFT auction will be able to claim (and eventually sell) the $UART. Therefore, in theory, the value of an NFT should not be lower than the value of the $UART contained in it.<\/p>\n\n\n\n At the same time, users can stake $UART tokens to bid for a curator position. This allows them to move their NFT from other platforms (like OpenSea) to UniArts – and while on UniArts, these moved NFTs can be displayed and voted, while $UARTs will be minted into curator\u2019s (voted) NFTs.<\/p>\n\n\n\n The core idea about UniArts\u2019 ART-Fi thus surfaces, emerges, and stands out with all its glory: bonding and connecting artwork NFTs with the community by applying what we could label as \u201csocial attributes\u201d. NFTs Collectible become valuable because they are backed by community consensus and, with UniArts, everyone can become a Curator and showcase their collection in the best place within UniArts\u2019 gallery, by letting the community gather and vote for these NFTs while benefiting from their appreciation. During a \u201cvoting round\u201d, users can vote on the platform NFTs. To do that you can simply go to af.uniarts.network\/vote<\/a> and click on \u201cView All Candidates\u201d to see all of the NFTs candidates you can vote on for that specific voting round. Each NFT candidate will have a real-time counter next to it, displaying the number of votes it has currently received, highlighting how it\u2019s actually faring in terms of \u201cuser appreciation\u201d compared to others. On top of the screen, you will be able to see the time left to cast your vote for the current voting round. You can pick one among the listed NFTs and click on \u201cVote\u201d to award your vote to it. A new screen will open, where you will be able – via smart contract interaction – to assign (namely, stake) a specific amount of $UART tokens – from your wallet to the bonding contract – to cast your vote.<\/p>\n\n\n\n It\u2019s important to note how the voting process follows a set of rules<\/span>, which recap the most important points of UniArts\u2019 staking\/voting mechanism:<\/p>\n\n\n\n The milestone $UART token listing event happened on Pancake and Quickswap on December 26th, 2021, marking the beginning of the journey for $UART token holders.<\/p>\n\n\n\n Here is some basic information about the $UART token:<\/strong><\/p>\n\n In addition to the above, about 60% of $UARTs total supply will be mined from voting. 20% of early investors\u2019 $UART tokens will be released during a 5-quarters period after TGE. More detailed information about the tokens distribution and vesting tables can be found here<\/a>. Based in Singapore, the UniArts team is led and co-founded by blockchain entrepreneurs Kyle Gu<\/a> and Carl Chen. Despite its relatively recent inception, the team is already a \u201cproud holder\u201d of a grant from the Web3Foundation<\/a>. The team also features art historian and ex-Artsy.net manage Sonia Xie (if you didn\u2019t know, Artsy.net is the biggest online marketplace for art in China) as the art team\u2019s lead, and Erick Calder<\/a> as UniArts\u2019 Technology Ambassador.<\/p>\n\n\n\n So far, the UniArts team\u2019s main focus has been on building the platform\u2019s infrastructure & functionality, the website, and the artists\u2019 community. And while the project is in its very early stages of development, production speed is moving at a steady pace. If you\u2019re curious, here\u2019s a shortcut<\/a> for you to have a quick glance at the website\u2019s current goodies and features.<\/p>\n\n\n\n Can you see the vision in what the UniArts\u2019 team is conceiving and bringing about? Can you see how the particular experiment that is being conducted within the UniArts\u2019 ecosystem has the potential to really change things – to shift the paradigm for artists and art lovers? If so, you definitely want to be involved as an early adopter! We believe UniArts has incredible, unexpressed potential within the digital art world – and if you do too, you shouldn\u2019t miss out on the opportunity to join the UniArts community through the official channels and links, right here, down below! UniArts’ Website<\/strong>\t<\/strong>\t\t<\/p>\n\n\n\n For everything you need to know about UniArts, visit the official UniArts’ Website<\/a>.<\/p>\n\n\n\n UniArts’ Telegram<\/strong><\/p>\n\n\n\n Join the conversation on Telegram<\/a> to stay in the know about UniArts. <\/p>\n\n\n\n UniArts’ Medium<\/strong>\t\t\t<\/p>\n\n\n\n To keep up with the latest updates from UniArts, follow them on their official Medium<\/a>.<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/1_SrqZ0vfiHZbw-j8sS0ceIQ-1024x576.png\")
<\/figure><\/div>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/Screenshot-2022-02-08-at-17.23.40-1024x648.png\")
<\/figure><\/div>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/Screenshot-2022-02-08-at-17.26.17-1024x720.png\")
<\/figure><\/div>\n\n\n\n
<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/Screenshot-2022-02-08-at-17.29.54-1024x640.png\")
<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/Screenshot-2022-02-08-at-17.33.12-1024x711.png\")
<\/figure><\/div>\n\n\n\n
<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/Screenshot-2022-02-08-at-17.34.22-987x1024.png\")
<\/figure><\/div>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/1_dq-_1choeovNUttPQAPf9w.png\")
<\/figure><\/div>\n\n\n\n
<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/FHTV39vVkAMwZaj-1024x602.jpeg\")
<\/figure><\/div>\n\n\n\n
<\/p>\n\n\n\n