Decentralized finance (DeFi) cryptocurrency platforms have had a major impact on the non-fungible token (NFT) market. They’ve provided new liquidity sources, marketplaces, and products that helped increase the value and accessibility of NFTs.
And now, the world of DeFi is about to revolutionize the art market. SmarterWorx is the first mover to bring DeFi to the art market and is opening its presale to the public. With SmarterWorx, users can securely buy, sell, and trade art using the blockchain, bringing trust and transparency to the art market.
What is SmarterWorx?
SmarterWorx is using its platform to provide a new way for crypto enthusiasts to buy and sell fractional ownership of art. Through the platform, users can access premium blue-chip artworks and collectibles, allowing them to enjoy the financial benefits of art ownership securely and easily. Additionally, once you own a piece of art, you can trade it on other NFT platforms.
The platform is powered by the ARTX token, which is ERC-20 compliant. ARTX is a governance token and is deflationary in nature, which means that a portion of the supply will be burnt every time an art is sold on the platform. This will keep the token’s price stable and increase its value in the future. In addition, once an NFT is sold on the platform, a royalty amount will be added to the community fund, which will then be airdropped to ARTX holders as a reward. Furthermore, the protocol uses a multi-sig treasury to protect its funds and assets, and it uses the Gnosis Safe Protocol, a leader in the field of multi-sigs safes.
The token has received a lot of interest as the platform has a lot of potential for growth in the future. It is perfect for experienced and new crypto adherents alike who are looking to gain exposure to art. In all, SmarterWorx has a clear roadmap, and it is only a matter of time before the token reaches its full potential.
Aptos is a decentralized platform that uses the Move programming language to manage smart contracts and transactions securely. It is designed to provide a secure and fast way to handle multiple transactions while reducing costs and enabling trustless transactions. The Aptos Blockchain is based on the Diem Blockchain Initiative, which originated at Meta and uses a Proof-of-Stake consensus mechanism to ensure the validity of transactions.
What is Fantom?
Fantom is a blockchain platform that provides businesses and organizations with fast, secure, and scalable solutions. The Fantom network is powered by a consensus algorithm called “Lachesis” that enables the network to achieve high scalability, security, and finality in a trustless environment. Additionally, the platform provides a suite of smart contract tools and decentralized applications (dApps) that allow businesses to build and deploy distributed applications.
Out of the three, the SmarterWorx story seems the most promising, given its innovative and niche-focused approach. By providing new liquidity sources, marketplaces, and financial products, SmarterWorx is increasing the value and accessibility of non-fungible tokens (NFTs). This new technology has the potential to revolutionize the art market and create a more equitable, secure, and transparent industry for all involved.
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