Product Deep intro Series 3: Artist Launchpad
Hello artists&collectors!
The Product Deep intro Series is back! And at the beginning of Q3, we will unveil the Artist Launchpad, the second step towards creating a virtuous circle between art and finance.
🤿 What is ‘Product Deep intro Series’?
The ‘Product Deep intro Series’ introduces Art de Finance’s Web 3.0 art platform.
Take note if you wish to participate in the digital renaissance with Art de Finance!
🏆 Artist Launchpad
The Art de Finance team has thought deeply about constructing a truly decentralized art gallery on ‘Artiside’ for users and artists to showcase their work.
Four months after the launch of Seeding, our artist-supported protocol, we realized the need to create more space for artists. Moreover, we aim to expand the utility of the ADF token to further enhance the health of Art de Finance’s ecosystem.
With 5,177 Seeding users (Seeders) and 6,137,034 ADF, we are driving the fusion of Art and Finance. To meet expectations, the careful selection of artists for Seeding is paramount.
Introducing the Artist Launchpad, a method to select artists for Seeding by involving users who contribute liquidity to the ecosystem.
The Launchpad is an extension of Seeding, allowing users who have participated in Seeding (Seeders) to utilize their voting power to ‘vote’ for artists to enter the Seeding pool. Let’s get started!
About Launchpad
As the Art de Finance team had selected artists to participate in the Seeding pool internally before, we have decided to give full authority to users to select artists to participate in the Seeding pool through Staking & Voting functions on Launchpad, utilizing Blockchain Consensus Algorithms.
Within the Launchpad function, users can not only select artists to participate in the Seeding pool but also stake their $ADF to earn VP (Voting Power) and receive both the Staking reward and the Voting reward (when the voted artists are selected). Additionally, by introducing the Launchpad product to the users, $ADF Token will have more liquidities and a virtuous cycle.
Launchpad Process
1️⃣ Seeders will get a whitelist to participate in the Artist Launchpad.
There is no minimum requirement for Seeding to get the whitelist, and able to participate in freely.
2️⃣ Once you’ve qualified to participate in the Launchpad, you can stake $ADF to receive both voting power and staking rewards.
The larger the amount you stake, you will able to receive more voting power, and staking rewards. Here, VP is generated in hours (Hr) during the voting period, and unstaking can be done freely during the voting period as well.
3️⃣ Launchpad will be proceed with three artists. Voting will be open for a week, and the results will determine which artists will join the seeding pool. Of course, users will be able to freely check the artist’s bio and work, and they are free to view it to their heart’s content.
4️⃣ Based on the voting results, one artist will be selected to join the seeding pool. If the artist you voted for is selected, you will receive a higher reward than other voters.
5️⃣ Even if you don’t vote but simply participating in staking, your staking rewards are still waiting for you.
In Q2, the first Launchpad will be open to the users.
- Artists will receive a different kind of support in the form of Web3. You will be provided with a platform to pursue your own creative endeavors.
- Investors can experience staking as an integration of art and finance. In addition to Staking rewards, you can also indirectly support artists.
Have artists you’d like to join Launchpad?
Don’t hesitate to apply. Art de Finance is waiting for you.
Art de Finance
Art de Finance is a decentralized gallery. It aims to overcome the shortcomings of traditional gallery culture, such as offline-focused art trading culture, lack of information about artists and artworks, and lack of promotion activities for emerging or unsupported artists. Art de Finance collaborates with artists, collector investors, and traditional galleries to build an independent art ecosystem in a decentralized environment.
Artists receive important funding for their artistic activities through De-Fi services and can receive consulting and launchpad benefits for artists marginalized in the resale market. We encourage the archiving of artist histories, artwork descriptions, etc., on the blockchain to increase the quantity and quality of information and encourage users to make rational choices.
