UniArts, Uniqueness United
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 democratization of art.
With UniArts, artists can create NFTs with their works, and UARTs token holders can stake their tokens to vote for these NFTs. 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…
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…
Staking crypto today is a somewhat common practice across several blockchains and platforms, but the reasons as to why they’re done may differ slightly from one to the other, depending on the project.
Proof-of-Stake was first introduced almost a decade ago, and took years to reach some level of commonness. It is generally used for security and governance, and helps maintain decentralization. While those are true to an extent for UniArts, there’s far more to it.
Security & The Slashing Mechanism
UniArts has created and deployed a slashing algorithm to protect the network from attacks and unstable block validation; this…
#UniArts #Airdrop Campaign is LIVE now
🏦Reward Pool: 12,500 USDT worth of $UART tokens
💰Get up to 12 UART (~5$) tokens for participation and 3 UART (~1.25$) tokens for referral
📅Airdrop Date: July 12, 2021 to July 25, 2021
📅Rewards Distribution Date: August 12, 2021 to August 25, 2021
👉🏾Refer More To Earn More
⚠️Airdrop Link: https://t.me/UniArtsAirdropbot?start=r0617145492
Rules and Tips
1. Early Participants…
In order to understand the important role NFTs play in the world of art, we must first take a brief look at what NFTs themselves are, and what that translates to in terms of utility, and ultimately, value.
What are NFTs?
NFT stands for non-fungible token, non-fungible meaning non-replaceable. They are unique tokens that act as certificates for digital assets, and are stored on the blockchain as data.
Ethereum is perhaps the most popular blockchain for NFTs, but there exist a range of other chains that support their creation as well. …
When NFTs started trending in early 2021, the momentum they gathered allowed them to soar to unfathomable heights, reaching over $300 Million in trades in as little as a month at their peak. It was as though the printer had been reinvented, and people’s mouths had begun to water at the very sight of them.
Unfortunately however, following a gradual decline in trades, NFTs saw a sharp fall during the early days of June, somewhere in the ballpark of 75% as of writing.
Some speculate that the hype died down, whereas others attributed the crash to market stabilization…
From musicians to graphic designers, to performers and everything in and far from between, NFTs were a life-changer. Upon introduction they blew up in the world of art, and soon, everything that could exist in a digital format was seen being sold as an NFT.
However, despite making it much simpler to sell their works, and despite all the hype surrounding it, it wasn’t as simple as people thought it was; artists still needed some level of fame to be able to find buyers, and while NFT platforms were a great place to buy and sell, they generally weren’t the…
This is the general paper for Substrate based blockchain project Uniarts.
Blockchain has evolved, with the development of projects like Polkadot, Ethereum 2.0 and Cosmos, shading and layering has become the Architecture Vision of blockchain networks. When major protocols can ensure the security of other networks through its own validator and slots or other solutions, chains that specialize in a specific application scope can be well developed.
NFT, an unique asset type that defined by blockchain, has been proved to have a much larger potential in terms of real life application, spreads rapidly in short-term perspective as well long trend.
Value network for original fine arts