ARTDECO is launching an NFT Minting platform where Digital Creators, Musicians & Artistes can mint and sell their NFT Works and also a marketplace where BSC NFT tokens can be sold.
ARTDECO is an Elon Musk Inspired community driven NFT & DeFi platform
Utilizing the Binance Smart Chain allowing digital artists and creators to mint and sell custom crypto assets that represent ownership in their digital work.
It is worthy to note that according to ARTDECO’s Whitepaper will be a marketplace for those assets, as well as a distributed network built on Binance Network that enables NFT creators mint and trade NFTs without a middleman.
What is An NFT?
It is a digital asset that represents real-world objects like art, music, in-game items and videos. They can be bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos like Bitcoin.
The NFT boom is in full force as big brands, celebrities, musicians athletes are minting their own NFTs to capitalize on the latest crypto trend, making millions in the process. While as an art lover you may not be able to afford some of the NFTs they are selling.
The tokens that creators generate on ARTDECO are known as non-fungible tokens (NFTs). Each NFT is unique, and unlike bitcoins they are not interchangeable. This unique property is known as Non-fungibility, which is why tokens on ARTDECO are called non-fungible.
Central to the platform is ARTDECO, the platform’s cryptocurrency. By owning ARTDECO tokens, users can vote on proposals that affect the platform, moderate creators and curate featured artwork.
ARTDECO is a marketplace aiming to link sellers (typically content creators such as digital artists, model creators or meme makers) with buyers who can select pieces they wish to purchase.
I love Art Deco
— Elon Musk (@elonmusk) May 2, 2021
To turn their work into an NFT, creators must first “mint” a token using ARTDECO’s Dapps.
Similar to other tokens on Binance, the NFT can be transferred between wallets using ARTDECO’s software.
ARTDECO leverages the Binance blockchain to embed within an NFT’s code the full history of its owners and transactions. (View Their Smart Contract On BSC Scan)
When a transaction goes through, both the buyer and the seller have to pay transaction fees that go to the ARTDECO network.
One interesting feature of NFTs is the ability to program royalties or the rights to future cash flows, within these assets. This means that creators on ARTDECO can set a percentage of future sales and collect them automatically by issuing a token. This is a major feature drawing creators to this technology, because unlike with traditional content platforms, NFTs can be designed to pay out royalties immediately.
For instance, if a piece of digital art listed a 10% royalty, the creator would receive 10% of any consequent sale of that art.
ARTDECO is on a mission to evolve towards a Decentralized Autonomous Organization (DAO), where all decision rights will belong to the platform users.
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