BlockTalks x CryptoArt.Ai AMA Transcript!

Hello! BlockTalkers & Blockchain Enthusiastic!

We recently hosted an AMA with CryptoArt.Ai, on May 22nd at 11 AM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Freya Fu, CMO of CryptoArt.Ai . So here we are up with the AMA transcript, for those who missed the live session, this blog post will be a saver & feeder of knowledge for them.

Introduction Questions Asked By Team BlockTalks!

Q1. Could you please introduce CryptoArt.Ai to our community in layman’s term?

Ans — CryptoArt.Ai is committed to cultivating emerging artists, empowering art with blockchain technology and exploring the possibility of interaction between contemporary art and digital media.

The platform integrates casting, sales, and collection of NFT encrypted artworks.

There are currently 744 artists in residence from more than 40 countries and regions around the world, and the sold-out rate of works exceeds 60%.

Q2. What are the advantages of CryptoArt.Ai to other alternatives in the Blockchain field?

Ans — The unique advantages of CryptoArt.Ai can be summarized in the following three aspects:

focusing on the field of art, combination innovation model of DeFi+NFT, and igniting the crypto market

Compared with OpenSea and other platforms covering digital art, encrypted collectibles, game items, virtual land, domain names and other fan-absorbing fields

CryptoArt.Ai is more focused on the development of encrypted art itself and derivative businesses

but also a unique link between the artist and the collector

NFT is the main body of his work recognized by the artist.

Q3. What are the major milestones CryptoArt.Ai achieved so far & what are in the future pipeline?

Ans — CryptoArt.Ai has only been online for only seven months, and its accumulation has grown rapidly. As of today, there are 758 artists joined the platform with a total of 533 works have been published and 346 works have been sold.

The cumulative sales amount is 328.94 ETH.

On October 30th, "CryptoArt.Ai Encrypted Art Trading Platform" won the first prize of the Digital Economy Blockchain Special Competition of the Yangtze River Delta International Innovation Challenge.

CryptoArt.Ai also actively participates in industry forums and summits, and organizes art exhibitions to bring high-quality works to more people who are interested in crypto art.

CryptoArt.Ai believes that NFT has the potential of becoming a "value machine" that empowers everything and will trigger a ten-year opportunity for asset digitization.

In the future, everything can be NFT. We will also put our effort into the great journey of NFT and pioneer the post-digital era.

Questions Asked on Twitter For CryptoArt.Ai Team!

Q1. CryptoArt offer a platform where users are free to put their art and shoe it to the world, but can you tell us how many types or art are your platform allowed to support? Just pictures or also do you support movies and other types of arts?

Ans — As we mentioned earlier, CryptoArt.Ai is more focused on the development of encrypted art itself and derivative businesses.

While we also own business about derivatives of art.

For example, CryptoArt.Ai could provide products like electronic architrave and digital photo album, services such as NFT authorization of artwork and customized artworks.

Also, artwork furnishings and gift market is also part of the market expanded from the start-point encrypted art.

Q2. What is your global expansion plan? Which market are you focusing on at the moment, or are you focusing on building and growing to gain customers, users and partners?

Ans — CryptoArt.Ai is expanding on a global scale and our platform will always open to all people who are interested in encrypted art.

We aim to empower art with blockchain technology

solving scarcity problem of digital art, exploring the possibility of interaction between contemporary art and digital media

Hence, we will introduce more famous IP and celebrities into our platform such as the collaboration between the famous British singer Jessie J and PAK.

We will increase the exposure of CryptoArt.Ai through the hype the IP market and events through the functions of the next version.

At the same time, CryptoArt.Ai will also promote the market height and popularity of the platform through exhibitions, offline roadshows, etc.

On May 29, 2021, the world’s first crypto art exhibition "Impact in Reality" and a seminar will be held in Shanghai to increase CA’s exposure and academic status in the market.

Welcome to our exhibition in Shanghai! Everyone!

Q3. What are the requirements to apply as an artist to join CryptoArt, and what are the points taken into consideration to approve a new artist, is the amount of artist limited?

Ans — Many artists from several influential countries outside have joined Cryptoart.Ai.

There are currently744 artists in residence from more than 40 countries and regions around the world, and the sold-out rate of works exceeds 60%.

Artists that are interested in joining CryptoArt.Ai are expected to fill out an application form, internal committee of CryptoArt.Ai will review applications and decide by ballot.

Q4. Cryptoart has its own token in development? Could you tell us your tokenomics and its characteristics?

Ans — CART is the token of the CryptoArt.Ai platform, which has the dual attributes of platform currency + authority token

Users lock up CART, and obtain different levels of NFT encrypted artworks according to the weighted average of the market and quantity, and realize them through the free transfer of NFT.

CART will never be inflated. The user consumes CART and pushes the NFT artwork he holds to the trending page of DAPP

CART realizes deflation. Part of the platform’s revenue is used to repurchase and destroy CART, further reducing the total amount of CART and gradually becoming a scarce resource

The application scenarios of CART mainly include:

1) Partial repurchase of platform transaction commissions

2) Community DAO governance

3) DeFi+NFT products

4) Staking to obtain NFT

5) Payments to obtain top priority and other permissions, and more rights and interests will be gradually unlocked

Q5. How do you set the price of works of art? Is it at the discretion of the artist or are there parameters to determine it? Do you have auction systems or similar?

Ans — On the CryptoArt.Ai, users can directly bid with artists, or directly purchase according to the bids.

Artists can control the pricing model and can also give users NFTs.

Each creator’s work is cast by their own blockchain smart contract.

As for the circulation of artworks on CryptoArt.Ai

thanks to the data openness of the blockchain and the programmable asset attributes of the token

users can conveniently trade and transfer NFTs on CryptoArt.Ai

Collectibles can be auctioned at a very low cost, which helps the market to be active, and it is easier to realize the value discovery of collectibles in the active transaction flow.

Questions Asked by our BlockTalks Community Members during live Session to CryptoArt.Ai Team!!

Q1. How has and will CART adapt to new market trends? Currently the trend are the Nfts,Have you integrated Nfts into CART?

Ans — Yes we are working on it.

Q2. Many new projects develop well at first, but then fail to achieve good results. How will you manage and develop your project to gain a position in the market and become a good project in the users industry?

Ans — Were more focused on our product and NFT art itself, not only token. And also we already make profits without CART token.

Q3. Everyone knows, if you want to go fast, go alone, but if you want to go far, you go with your partners, so with CryptoArt.Ai, which partners will promote and help CryptoArt.Ai reach and achieve the project’s goals?

Ans — Yes we do have a lot of partners.

Q4. Where do I get information about CryptoArt’s team? Why do you prefer to be anonymous? Do you have a plan to identify your team later?

Ans — Yes we definitely will do that.

Q5. What types of artwork are supported by cryptoart? Is it possible to offer videos or music files as performances or original audio tracks?

Ans — Yes of course, next version of our product will offer video or music files.

Q6. Do your platform support Fiat in addition to $CART and do you have any financial partnership from elite investors?

Ans — Not support Fiat right now but we planning on it.

Here are some important links of CryptoArt.Ai👇

🌎 Website: Cryptoart.ai
📱 Twitter: twitter.com/CryptoArt_Ai
📢 Telegram: t.me/cryptoartistofficial
📚 Medium: medium.com/me/stories/public