Jiaxuan Navigating the Digital Renaissance: Art de Finance's Artiside Unveils Web 3.0 Art Community
In the ever-evolving landscape of digital art and NFTs, Art de Finance emerges as a beacon of change, introducing Artiside, a Web 3.0 art community designed to revolutionize how artists and enthusiasts engage with the art world.
A Shifting Landscape
Art de Finance acknowledges the seismic shift occurring in the NFT market, with a particular focus on the synergy between NFTs and the art market. The rise of ART NFTs marks a new wave, and Art de Finance aims to ensure that the infrastructure aligns with the growing interest in this transformative space.
Empowering Emerging Artists
One of Art de Finance's commendable goals is to provide a platform that transcends barriers for both established and emerging artists. The art world, at times, has been marred by gatekeeping, where connections and exposure dictated success. Artiside seeks to change this narrative by offering a space where emerging artists can share their philosophy and artwork with the world, unrestricted by traditional constraints.
Artiside Unveiled
Art de Finance proudly introduces Artiside, a Web 3.0 art community that opens its doors to everyone. This innovative space is divided into three main functions: Creation, Feed, and Seeding.
- Creation:
- Artiside's Creation feature is a user-friendly gateway for artists to share their work. The platform facilitates automatic uploading of minted artwork to 'Artwork,' where the community can engage through comments, likes, saves, and follows. Even non-registered artists can share their inspiration on this inclusive platform.
- 'Artwork' provides a space to enjoy artworks without making purchases, fostering a sense of community interaction. The power of inspiration is harnessed as users express their interest through likes and engage with artists through comments.
- 'Inspiration' allows users to share everyday moments, fostering a creative space where art can be born from the ordinary.
- Feed:
- Unsure about which artworks to explore? Artiside's 'Feed' simplifies the process by presenting artworks from registered artists and inspiration shared by the community in a convenient feed format.
- Seeding (Coming in Q4 '23):
- Seeding forms the core of Art de Finance's Web 3.0 art infrastructure. It is a mechanism that indirectly supports artists' activities and ensures the sustainability of the art ecosystem.
- Artists can pursue their creative endeavors independently through Seeding, receiving support without compromising their artistic vision. Seeding offers an innovative approach to sponsorship, allowing artists to maintain their unique philosophy and creative drive.
- Collectors and investors (Retail) can participate in Seeding, expressing anticipation for high-quality artworks and engaging in indirect support for artists, beyond traditional art purchases.
The Seeding Process
The Seeding process operates on a weekly basis, referred to as "Episode." During an Episode, Seeders participate by selecting artists for Seeding, and rewards are distributed based on the amount of Seeding and the number of Seeders.
1️⃣ When Artiside members stake ADF tokens in the Seed program, it is called “Seeding.”
The Artiside Seed program aims to support artists and grow together with Stakers, so Stakers participate in Seeding for the artists they want to support. Seeders, who participate by selecting artists for Seeding, share the profits they receive through Seeding with the respective artists.
2️⃣ The Seed program operates on a weekly basis, referred to as “Episode.”
During an Episode, Seeders can freely participate in Seeding for various artists.
Throughout the Episode, Seeding rewards are distributed to artists based on the amount of Seeding and the number of Seeders in each Seed group. Since each group can accommodate a different number of artists, the composition of artists within a group may change during the Episode. The amount of rewards to be shared among participants in the same Seed group is equal, so the size of the reward pie that can be distributed to participants varies depending on the number of participants.
3️⃣ Upon the conclusion of an Episode, Seeding rewards generated within each group are distributed to artists proportionally based on the amount of Seeding in that Seed group. The rewards are then shared between the artist and the Seeders who participated in Seeding.
4️⃣ Even if you Seeded the same artist, Seeders who contributed larger amounts of Seeding and those who Seeded early in the Episode receive a higher percentage of the rewards. The artist’s share of the rewards is determined by the commission rate set by the artist. The commission rate remains unchanged during the Episode.
5️⃣ If you have received rewards through Seeding, you must request them within 2 weeks (14 days) after the Episode concludes. Rewards not requested within this period will be reinvested in other programs for Artists and Seeders by Art De Finance.
Requested rewards can be claimed to your wallet 12 weeks after the end of the Lock-up period. During the Lock-up period, pending rewards can be viewed in the “Pending Reward” section under [Wallet] > [Reward].
To utilize rewards as currency, you must claim them to your wallet.
6️⃣ Seeders can Unseed the amount Seeded to artists. Unseeding in the Seed program is subject to the following two conditions:
- Four days (+96 hours) after the last Seeding date
- After the conclusion of the last Seeding Episode
These conditions are calculated based on the Seeding date for each artist, so the Unseeding eligibility period may vary for different artists. If you meet the Unseeding eligibility conditions, the Unseed button will be activated.
If you do not Unseed the amount Seeded in the current Episode, it will be automatically reinvested in the next Episode. Auto Seeding is independent of Unseed conditions.
The process ensures fairness, with rewards shared proportionally between artists and Seeders. It introduces a unique dynamic where Seeders supporting the same artist may receive varying percentages of rewards based on contribution levels and timing.
Digital Renaissance
Art de Finance's Artiside not only empowers artists but reshapes the entire paradigm of community-driven art engagement. The upcoming introduction of Seeding in Q4 '23 adds a layer of sustainability and support that goes beyond traditional models.
As the art world embraces the digital renaissance, Art de Finance and Artiside stand as pioneers, providing a platform where creativity knows no bounds and the community plays a pivotal role in shaping the future. Keep an eye on Art de Finance's Artiside for a journey into the forefront of the evolving art landscape.