Press Release
NFT Voting Mechanisms May Help To Find A Fair Value For Crypto Arts
In a world where decentralization is gaining popularity and people’s voices are getting louder, UniArts is aiming to implement these concepts and principles into its project; a platform where art is better appreciated.
What Makes Art Valuable?
What determines the value of art is a rather tricky subject, for which there are a variety of conflicting yet valid and sound arguments. Fundamentally speaking, demand is what determines the value of one’s work, but the question is: what creates a demand?
What elements of art lead someone to want to own a piece, so much so that they’d pay for some version of it? Some argue that art is a subjective matter, and that each individual sees something different in a piece. Others like to argue that it is the objective elements that have the biggest say in the quality of a work.
Some think that galleries nowadays do not represent the interests of art but are rather driven by profits and personal interests. They do not appreciate how small groups of elite connoisseurs have a significant say in what constitutes good art.
The Truth & The Problem
The truth is that the matter of valuing art is complicated. In a single art piece, an individual may appreciate the craftsmanship and raw skill presented, while another may be moved by the creativity and message behind the piece. Some people prioritize certain elements over others, and some are drawn towards specific genres and subjects.
A piece of art can excel in certain aspects, but may ultimately fail in receiving a fair valuation for lacking in other areas that matter more to the audience that reviewed it. Or conversely, it can see a high valuation due to high demand driven by different people who appreciate the different sides of the same work.
So what’s the problem? The problem is that most art pieces don’t have the chance to be reviewed by the masses, and are often valued prematurely. The higher the number of people reviewing a piece, the fairer its valuation becomes; why? Because if the demand for art is driven by opinions and taste, then it stands to reason that to get the most accurate and fair value for a work, you will need as many people as possible witnessing said piece.
The Solution
The solution is rather simple, and it is called: the democratization of arts. It is where many people of varying backgrounds use their voices and opinions for the improvement and progress of the art community, providing fair value and rewards to deserving artists based on the opinions of the masses, rather than those of a select few.
It is exposing new works to receive honest feedback, and the chance to have them displayed for the world to see. It is the ability to buy and sell works freely, with royalties of future sales given to the artists. It is offering incubation for new and upcoming talented artists that can make a splash in the worldwide community.
How It’s Done
UniArts delivers this solution neatly with its NFT voting mechanism, a system designed to achieve the democratization of arts using blockchain governance and NFTs. Essentially, users on UniArts who stake UARTs (the native token) can become nominators, one of several roles in the governance structure of the platform, and by doing so can vote on newly submitted NFTs.
Works of art are turned into an NFT by the creator, which they bind to validator (curator) nodes. Candidates are then invited by creators as nodes in order to receive votes, and validators (curators) promote NFTs and update NFTs bound with nodes, in addition to setting up nodes themselves.
Nominators and validators both stake UARTs, but only nominators vote on their preferred NFTs, the top 21 of which are selected as validators, and receive block rewards for their efforts. NFT owners purchase and collect NFTs, and can pin their NFT on their address to earn UART tokens.
Responsible for maintaining security is the fisher, who minimizes the misbehavior of curators and creators by slashing the UARTs of the misbehaving entities for actions such as offline nodes and incorrectly minted NFTs.
The End Result
This system allows for a smooth process of decentralizing the valuation and appreciation of art, democratizing it, and rewarding those that are deemed worthy by the community as a whole.
Where in the past such works wouldn’t have seen the light of day, or have seen an unfair and unjust valuation, soon, that will be a problem of the past; a problem that hopefully future generations will not be able to relate to.
Artists deserve fair judgement for their hard work and creativity, and with UniArts, they have those very chances, a chance to connect with enthusiasts and connoisseurs to establish a fair price based on well-established demand.
About UniArts
UniArts is a multi-network NFT ecosystem with substrate-developed main-net as well as EVMS based smart contracts for NFT infrastructures.It also provides crowd voting incentives, DAO curation,and art grant to help better achieve the democratization of art.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.
Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”
The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.
In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.
The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation
DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.
Global Compliance Credentials of UVKXE
UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:
U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.
U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.
Background on the Malaysian Public List
The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.
Commitment to Legal Compliance and User-Centric Values
UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms
DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.
Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”
The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.
Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”
In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.
Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”
Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co
Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections
UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation
UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms
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