LiveArt, an artwork buying and selling and analytics platform, will quickly launch its LiveArt X Card, a non-fungible token (NFT) assortment that grants holders entry to unique curated artwork, token-gated communities and artwork market insights powered by synthetic intelligence (AI).
The platform, which was based by former Sotheby’s and Christie’s executives, offers customers with artwork pricing knowledge and market insights, together with reside public sale streaming and peer-to-peer artwork buying and selling.
The LiveArt X Card integrates Web3 into the art-collecting expertise, offering holders with entry to its digital artwork market, free airdrops, unique entry to LiveArt’s AI-generated artist insights, rewards within the type of their ART token, VIP entry to real-world artwork occasions and extra. The ART token, which powers the LiveArt ecosystem, can be utilized to purchase bodily and digital artwork on the platform.
In keeping with LiveArt, its NFT membership card is supposed to “put an finish to NFT flipping and hypothesis” by encouraging collectors to carry onto their artwork long-term.
“The standard artwork world has all the time understood how long-term worth is protected, and but a lot of the digital artwork world continues to rug itself,” LiveArt wrote in a medium submit. “The LiveArt X Card ensures that the brand new breed of true digital collectors are protected against fraud, scams, and flips, and on the similar time achieve unique entry to vital new digital artworks.”
The Ethereum-based assortment might be obtainable for pre-sale starting on April 4, with the general public sale starting on April 5. It is going to have a complete provide of three,500 editions.
LiveArt launched its LiveArt X NFT platform in April 2022. Buyers within the startup embrace Animoca Manufacturers, Binance, KuCoin Labs and extra.
NFT marketplaces proceed to battle for market share amid an prolonged crypto winter, leading to a market that at the moment caters extra to traders than artwork collectors or creators. In response, some platforms have launched options to incentivize long-term amassing and refocus the dialog on NFTs as artwork. In November, NFT market SuperRare launched its RarePass subscription-like service, airdropping curated crypto artwork to its holders as soon as a month.