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NFT Voting Mechanisms May Help To Find A Fair Value For Crypto Arts

Published

3 years ago

on

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.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Spread Joy this Holiday Season with PQ.Hosting: Join Our Charity Campaign and Win a MacBook Air!

Published

6 hours ago

on

December 24, 2024

By

Chisinau, Moldova —

PQ.Hosting, a global leader in high performance hosting solutions, is pleased to announce a special charity campaign. This initiative supports orphanages and offers participants the chance to win incredible prizes, including a MacBook Air 13.

The holiday season is time for family, festivities and heartfelt wishes. However, for many children in orphanages, these cherished traditions can feel out of reach. PQ.Hosting has long supported orphanages and is now calling on its clients to join this meaningful cause. Together with our clients, we can bring holiday magic to children in need.

How to Participate in the Charity Campaign?

Joining the campaign is simple and rewarding:

  • Order or Extend a Hosting Plan: PQ.Hosting will donate 10% of clients payments to orphanages
  • Enter the Prize Giveaway: Follow four easy steps to qualify for amazing prizes.

Join the Celebration: Win Exciting Prizes with PQ.Hosting

This holiday season, PQ.Hosting offers clients an opportunity to win amazing prizes, including:

  • iPhone 16 Pro Max
  • 3 Gaming Accessories Sets
  • €50 Account Balance
  • Gaming Chair
  • Smart Speaker
  • 1 Year of Free VPS Hosting
  • 3 Months of Dedicated Server Usage
  • 1-Year VPN Subscription
  • Exclusive PQ.Hosting Merch
  • 10 Telegram Premium Subscriptions for 1 Year
  • Grand Prize: MacBook Air 13

Visit our website for more details!

Key Dates

Campaign Period: From 18th December 2024 to 29th December 2024 (11:59 PM UTC+3).

Winners Announcemeign is our way of ending the year on a heartfelt and impactful note,” said Ivan Neculiti, CEO of PQ.Hosting. “We invite everyone to join us in spreading joy and embracing the true essence of the holiday season.”

Media Contact

Organization: PQ.Hosting

Contact Person: Stella

Website: https://pq.hosting/en/

Email: social@pq.hosting

About PQ.Hosting

Founded in 2019, PQ.Hosting has earned a reputation for delivering high-performance VPS/VDS, dedicated servers, VPN, proxy and SSL certificates to over 150,000 clients worldwide. With a network spanning 42 countries and speeds up to 10 Gbps, PQ.Hosting continues to set industry benchmarks for speed, reliability and customer service.

Don’t miss this chance to make a difference and win amazing prizes. Together let’s make this holiday season unforgettable!

nt: 30th December 2024 during a live broadcast on our YouTube Channel.

Together We Can Create Holiday Magic

“Our 2024 journey has been extraordinary, with milestones that reflect growth and success. This campaign

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Press Release

Vietnam Set to Welcome Nearly 16 Million International Tourists by End of 2024

Published

8 hours ago

on

December 24, 2024

By

Vietnam’s tourism sector is on track for a remarkable year, with nearly 16 million international visitors expected by the end of 2024, marking a significant rebound and growth in the industry.

According to the latest data from the Vietnam National Administration of Tourism, the total number of international arrivals reached approximately 15.84 million during the first eleven months of 2024, reflecting a 41% increase compared to the previous year. In November alone, Vietnam welcomed 1.71 million international tourists, a 20.5% rise from October and a staggering 38.8% increase from November 2023.

Market Growth and Major Source Markets

The growth in international visitors has been predominantly driven by travelers from Asia, who account for nearly 80% of all arrivals. Major source markets include South Korea, China, Taiwan, Japan, the United States, India, Malaysia, Cambodia, Australia, and Thailand. Notably, South Korea leads the way with over 4.13 million visitors, marking a 128.3% increase compared to the previous year, while China follows closely with 3.3 million visitors, a significant 222% rise.

European markets are also contributing to this growth, with the United Kingdom being the top source, sending over 279,000 tourists, followed by France, Germany, and Russia.

Mr. Phan Trong Thang, Director of Metta Voyage, commented, “Vietnam is on the rise, being chosen in the region for its freshness compared to Thailand, Indonesia or Singapore, its diverse and affordable cuisine, and the many newly opened direct flights at reasonable costs.”

Positive Trends Across Various Markets

Several countries have seen remarkable increases in visitor numbers compared to the previous month, including Poland (up 238%), Italy (up 88%), and Norway (up 66%). This upward trajectory highlights Vietnam’s increasing appeal as a tourist destination.

Mr. Nguyen Cuong Bach, Deputy Director of Metta Voyage, added, “High-end travelers are choosing Vietnam tour packages for its diverse experiences from North to South, the availability of new premium products, and the dedicated service of the Vietnamese people.”

Diverse Tourist Arrivals

Arrivals via air travel remain the most popular, with over 1.4 million international guests flying into the country. This trend underscores the importance of enhancing air connectivity to sustain growth in Vietnam tourism.

Conclusion

With a predicted total of 17 to 18 million international visitors by the end of 2024, Vietnam’s tourism industry is poised for a successful year. The country’s rich cultural heritage, stunning landscapes, and diverse experiences continue to attract travelers from around the globe.

Company Name: Metta Voyage Co., Ltd

Content Person: Nguyen Cuong Bach 

Contact Email: bach@mettavoyage.com

City: Hanoi

State: Hanoi, Vietnam

Website is: https://mettavoyage.com

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Press Release

ReelDAO Joins NVIDIA Developer Program: Revolutionizing the Short Film Industry with AI and Blockchain

Published

10 hours ago

on

December 24, 2024

By

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ReelDAO, a pioneering decentralized platform dedicated to transforming the short film industry, has officially joined the NVIDIA Developer Program. This collaboration marks a significant step in ReelDAO’s mission to harness generative AI and blockchain technologies, empowering creators and reshaping content creation and distribution worldwide.

“We are thrilled to join the NVIDIA Developer Program,” said the founder of ReelDAO. “This partnership will accelerate our technological innovation, particularly in AI-powered creation tools and Web3 decentralization.”

Empowering Short Film Creation with AI

ReelDAO’s proprietary VisionaryAI engine, enhanced by NVIDIA’s technological support, is poised to redefine the industry:

  • Intelligent Scriptwriting: Leveraging NVIDIA AI for seamless narrative construction.
  • Dynamic Video Production: Accelerating rendering speeds and improving visual quality with GPU-optimized tools.
  • Real-Time Effects: Delivering Hollywood-level special effects to independent creators at reduced costs.

Blockchain and AI Synergy

As the first Web3-powered short film platform, ReelDAO integrates blockchain technology to decentralize content creation, distribution, and revenue management. With NVIDIA’s support, ReelDAO is enhancing smart contract optimization and distributed computing, further solidifying its industry leadership.

Through the native RDO token, creators can access AI tools, participate in governance through voting, and enjoy equitable revenue sharing, fostering a community-driven ecosystem.

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