FTX’s sudden collapse has shaken confidence in web3. What this means for ART CAN DIE (ACD).
The main criticism against cryptocurrencies is that they would not be backed by real-world assets, meaning their value is entirely dependent on users’ trust. Because almost all cryptos rely only on technology, there would be no safety net in the event of a downfall.
On the contrary, ACD is a web3 company bringing together artists, collectors and the public to collectively produce physical and digital art. Our mission is to be active in the phygital market and we have already made exceptional concrete achievements:
- In May 2021, ACD presented Thai artist Phannapast’s work on 100 billboards in Manhattan and on a giant screen in Times Square, New York.
- From September 2 to October 16, 2022, ACD’s first international art exhibition was a world premiere powered by its crypto and its community, under the patronage of the Embassy of Belgium, the Embassy of France and Thailand’s Ministry of Culture. This is the first time that an art exhibition of this magnitude has been organized and financed solely by a web3 project. A significant recognition of cryptocurrency utility in today’s world and its potential for tomorrow, acknowledged by public authorities.
DIE tokens are utility tokens providing users with access to our Decentralized Autonomous Organization, or DAO. Users can influence the direction of the events and the art produced. They can also participate in contests and games, as well as to enjoy a staking system in DIE tokens.
DIE tokens derive their value from these rights and their value is optimized by our achievements in the art world. Our connection to the real world — the world of art — sets us apart from other crypto projects.
ACD is a solution that has been developing before the onset of the crisis, and is thus an early response giving us a significant head start.
BORN TO SAVE ART
ART CAN DIE is a dynamic art production house powered by a web3 ecosystem. We connect artists, collectors and enthusiasts to collectively produce physical and digital art.
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*This content is for educational purposes only and does not constitute financial advice.
