ArtradePrice

(ATR)

Artrade is a Web3 project that operates as a marketplace for digital and physical art. Originally launched on the Binance Smart Chain, the project migrated its ecosystem to the Solana blockchain to leverage high transaction speeds and energy efficiency. Its primary objective is to bridge the gap between traditional physical art and the digital world of non-fungible tokens, or NFTs. This approach is often described as the tokenization of Real World Assets. One of the central components of the project is the Reliable Electronic Artwork Ledger protocol. This system uses Near Field Communication chips to create a secure link between a physical artwork and its digital counterpart on the blockchain. When an artist or collector attaches a chip to a piece of art, it can be scanned to verify authenticity, track provenance, and confirm ownership. This technology aims to solve issues related to fraud and the lack of transparency in the traditional art market. The platform offers several distinct features for creators and collectors. A tool called NFT Live allows users to create NFTs directly from their mobile devices, including the ability to add filters and effects. Another feature, NFT Real, is specifically designed for selling NFTs that are tied to physical objects. More recently, the project introduced a feature for fractional ownership, which allows users to own small portions of high-value artworks by world-renowned masters. The native utility token of the ecosystem is ATR. It serves as the primary medium of exchange on the platform, allowing users to buy and sell artworks. Holders of the token can participate in the project's governance through a decentralized autonomous organization, giving them a voice in strategic decisions and the platform's future development. Additionally, the token is used for a staking program where participants can earn rewards for supporting the network. Other utilities include fee discounts for transactions and access to exclusive platform features or badges. Sustainability and social impact are also core parts of the project's identity. By choosing the Solana network, Artrade emphasizes a lower carbon footprint compared to many other blockchain systems. The project also works with environmental partners to offset carbon emissions and includes a dedicated charity wallet that allows users to contribute a portion of their sales to various non-profit organizations and social causes. Overall, Artrade seeks to democratize art collecting by making it more accessible, secure, and transparent for a global audience. Learn more

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