aiRight AMA: All about Gallery and Farming on aiRight

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aiRight

8 min readJun 10, 2021

On 04/06/2021, the Oraichain team held an AMA with their community on the topics of Gallery & Farming on aiRight, “NFT Launchpad for artists” and “The Warrior” Gallery”. We are glad that our community has gained a better understanding of the first Gallery concept on aiRight and its features, and we are pleased to recap the main content of the AMA.

Oraichain team attendees

Dr. Chung Dao, CEO of Oraichain
Noah, AI Lead of Oraichain
Tyree Robinson, Ambassador of Oraichain

Q&A with Oraichain

1. Duckie: Please tell us what exactly aiRight is & some of the most noticeable features Oraichain team has packed inside #aiRight, in some words!

Dr. Chung: aiRight is the world’s first complete system for AI x NFT x DeFi.

Oraichain is proud to be the ecosystem provider for aiRight: securing AI functionalities via AI Oracle (e.g., NFT generation, originality checking), accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.

aiRight can help you:

- Generate different kinds of NFTs (images, music, and video) seamlessly with AI.

- Use AI to measure the originality of any NFT across blockchains.

- Issue the copyright for AI-generated images, music, and video on the blockchain.

- reward all contributors for the creation of NFTs (not only the creators or sellers).

- Provide all the services to manage your AI-generated digital art (Creation + Marketplace + DeFi for NFTs).

2. Duckie: So what is the $SamORAI token? Why don’t we keep using $ORAI or the upcoming $AIRI for #aiRight services?

Noah: SamORAI token or any future tokenizable gallery tokens is a way to make non-fungible assets (NFTs) into fungible ones. Gallery token holders can use the tokens to obtain ownerships of non-fungible assets again.

The easiest way to understand this is to think of aiRight’s Gallery and Farming as a “Launchpad for NFT artists”.

Since each gallery showcases a different artistic culture, the tokenization of the gallery into a different token than ORAI or AIRI is necessary. The monetary value of the gallery token will be decided by its creator, its reputation via fundraising, and liquidity providing, not via ORAI or AIRI tokens.

Each gallery is tokenized into a fixed supply of 10,000 gallery tokens, and its creator decides how much the initial value of the gallery token is worth, then creates a proper liquidity pool.

Oraichain team tokenizes the first gallery and creates a pool of SamORAI/BNB for it. Other users can fully use the Gallery and Farming functions later in June to create their own galleries and farming strategies.

3. Duckie: Would you tell me more about “The Warrior” gallery and the $SamORAI token?

Noah: People must notice the benefits of holding $SamORAI token and its value for farming.

Dr. Chung: “The Warrior” gallery is the first gallery created by Oraichain team, and Oraichain team will assign extra benefits to the NFT holders: a lifetime discount (up to 100%) when using aiRight and AI requests, better APR of AIRI rewards for farming when the AIRI is listed.

All artworks are created by our design lead, Nazzamp, whose talent is abundant from software engineering and UI/UX design to traditional and digital art. As he explores and expands his artistic style, Oraichain is proud to feature his artworks in this debut gallery.

SamORAI token or any future tokenizable gallery tokens is a way to make non-fungible assets (NFTs) into fungible ones. Gallery token holders can use the tokens to obtain ownerships of non-fungible assets again.

4. Duckie: That said how to be a holder of an NFT from the gallery? An NFT from “The Warrior” for example?

Noah: There is a “Buy” and “Sell” function in the Gallery on aiRight. You can become an NFT owner by using a proper amount of gallery tokens to buy the NFT.

Dr. Chung: $SamORAI — $BNB pair is listed on PancakeSwap.

👉🏻Go to: https://exchange.pancakeswap.finance/#/swap?oputputCurrency=0xE65B9e5fd7029169a81F13910F49c174d851f393

Or select SamORAI by pasting the token address:

0xe65b9e5fd7029169a81f13910f49c174d851f393

5. Duckie: How about Farming? What are the rewards or benefits if someone starts farming on aiRight?

Noah: Farming is straightforward too, you stake LP tokens and get rewards.

The current farming pool is for SamORAI/BNB. Rewards are currently SamORAI with an APR of 3,512%.

After 5 weeks, the rewards will be AIRI.

Dr. Chung: SamORAI farming: https://airight.io/nft-farming

We distribute the SamORAI rewards by a block unit to all farmers of the liquidity pool. The total of 6,500 SamORAI tokens, which is 65% of its supply, is evenly distributed in 5 weeks.

You can claim in real time: Stake → Earn → Stake.

Noah: Important things to note: there is no locked time for rewards.

Q&A with Community

1. I’m so impressed with everything the team has achieved! I’ve read a couple of interesting potential properties about NFTs that I’m wondering if AiRight has plans for in the future:

Can AiRight be used to track and report the unauthorized use of copyrighted material and assist in gaining compensation somehow?
Can the original artist receive indefinite royalties on future sales even in the secondary market?

Noah: Thanks for your question

We want to integrate into aiRight. But the copyrighted materials need to be registered to the aiRight system. I think when people realize the benefit of royalties, such registration should make more profits as well easier than the current registration
This depends on the policies of the secondary market. However, we’re planning to make a Royalty Protocol for all markets.
Hope that all projects will come to use.

2. Could you briefly talk about the features that make this project different?

Tyree: There are a couple of key features that make aiRight special. First and foremost, we are able to call AI models for NFT creation on-chain. Major achievement. Secondly, we have successfully introduced galleries that take your non-fungible assets and make them fungible by tokenizing.

3. With the launch of AIRI, and the whole NFT business that has less attention atm. How do you gonna do marketing for aiRight so that it won’t lack traction from new investors?

Dr. Chung: We have core technologies including NFT originality check, NFT price feeds, NFT copyright management, and NFT tokenization, NFT launchpad for artists. Those technologies will help us to get revenue and growth.

NFT x DeFi from our gallery and farming is a good way to make NFT more attractive to new investors.

Noah: I think the NFT business is just getting started!

There’re so many opportunities that use NFTs and assisting technologies such as AI, DeFi…

4. How can you compete with other NFT marketplace? What makes you more outstanding above them?

Tyree: I think one of the things that makes aiRight a major competitor is the ease of artistic creation. Anyone can do it! Very cheap. Very easy. It invites more people to join the NFT space by making it accessible to everyone.

5. What are your major goals to achieve in the next 3–4 years? And What are your plans to expand and gain more adoption?

Dr. Chung: You can have our roadmap in 2021 and some in 2022. We still have a very broad plan coming. Please have a look: https://orai.io/roadmap.

6. Will you be adding more features or is aiRight a finished product?

Dr. Chung: There will be more features coming. But the core features are already working.

7. Do you have your own market for NFTs? Where can I farm NFTs for earning SamORAI? I want to know it more clearly and do you have any articles for the newbie?

Noah: Yes, the marketplace for NFTs is https://airight.io/marketplace

However, you can not farm with NFTs for SamOrai.

8. People may come to buy NFTs from “The Warrior” gallery because of all the benefits Oraichain brings back as stated above. What about later on when every individual can create their own gallery, what benefits for people if they buy and hold NFTs from those galleries?

Dr. Chung: — The NFT holders can use aiRight services and Oraichain services with a discount (up to 100%) if they keep the NFTs in galleries.

- The NFT holders and gallery token holders will get passive income (exhibition fee, NFT lending fee, and viewing fee).

- The NFT holders and gallery token/BNB LP holders will get AIRI reward when it is listed.

9. The new warrior NFTs sets a new precedent by not only being a piece of collectible art but also offering tangible utility and benefits to owning one, such as lifetime discounts for using AI requests and better farming rewards. How do you foresee the nature and utility of NFTs evolving in the future, and will they start to find use in everyday real-world matters?

Noah: NFTs are essentially digital assets, they would replace any kinds of assets such as your house, car,…

However, its nature of being non-fungible tokens may cause difficulties when using ==> hence the tokenization.

With tokenization of NFTs and the assistance of DeFi, there’ll be so many applications.

About aiRight

aiRight is the world’s first complete system for AI x NFT x DeFi. Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.

Oraichain is proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.

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About Oraichain

Oraichain is a data oracle platform that aggregates and connects Artificial Intelligence APIs to smart contracts, serving as a foundational base for the creation of new Dapps leveraging AI technologies. Oraichain is the world’s first AI-powered oracle aiming to revolutionize the AI, DeFi, and Blockchain industries.

Unlike regular oracles that use raw data, Oraichain’s AI oracle uniquely uses AI APIs to consume or create data on the fly via virtual machines on smart contracts. Data quality, reliability, and security are enhanced by using test cases, which help to avoid intermediaries, increase trust and open up unprecedented application functionalities. AI-powered oracles create a new generation of smart contracts.

Beyond data oracles, Oraichain interconnects Artificial Intelligence and Blockchain technologies. With AI as the cornerstone, the Oraichain ecosystem contains an AI API marketplace, a Data & Request Hub, Publisher Service, Training Service, and Dapp Hosting.

Oraichain network provides the infrastructure and consensus mechanisms for Blockchain and AI training. These interconnected ecosystems accelerate the development of Web3, DeFi, enterprise, and academia applications. yAI.finance is the first use case of Oraichain, a DeFi platform using unique AI-based features and strategies. Oraichain AI Marketplace offers AI products and APIs with the goal of becoming the one-stop shop for Artificial Intelligence services.