AMA Recap: DOKDO DAO x Art De Finance
14th May, 8PM (UTC+9)
A : Nick Yang, Head of Strategy Development Team
Q : DOKDO DAO
Art de Finance will contribute to the development of the art industry and the popularization of art by providing cultural and educational content to users for aiding in understanding its value, in addition to generating economic benefits through RWA finance
INTRODUCTION ABOUT Art de Finance
Q Please give us a brief introduction to Art de Finance
AArt de Finance is decentralized gallery. Art de Finance will contribute to the development of the art industry and the popularization of art by providing cultural and educational content to users for aiding in understanding its value, in addition to generating economic benefits through RWA finance.
Q What do you consider most important in the project?
A1. Art de Finance’s most valuable resource is its artists.
2. People go to the supermarket because it has “stuff” (just like token swaps remind me of uni swaps).
3. Web 3.0 users will visit Art de Finance’s platform because of the ‘artwork’.
4. And it is the ‘Artist’ who creates the artwork.
Q The RWA sector is one of the hot keywords on Web3. How will Art de Finance solve it?
AIntroducing a Vault where users can deposit RWA tokens, lend stablecoins, and participate in interest repayment and liquidation. We currently have around 50 partner artists, many of whom are also involved in physical art, which means that our projects are optimised for RWA as they are based on physical works, and we are actively partnering with them to implement RWA.
- KODA, virtual asset custody services)
1) Utilize KODA’s custody services for the safe storage and circulation of works associated with its RWA services
- Goldstation, GPC, a digital asset backed by 100% physical gold, and its DeFi platform)
1) Will collaborate on the issuance of gold-based NFTs that are backed by artworks and gold.
2) Both parties are planning to add RWA assets to the upcoming decentralized exchange and provide liquidity through the ADF/GPC pair.
Q Seeding and launchpad seem to be the key platforms, can you talk about ADF platform?
ASeeded users are eligible to join Launchpad.
Seeding) The Seeding is designed for artists and stakers (Seeders) to share and obtain $ADF staking profits.
The Artiside Seed program aims to support artists and grow together with Stakers, so Stakers participate in Seeding for the artists they want to support. Seeders, who participate by selecting artists for Seeding, share the profits they receive through Seeding with the respective artists.
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.
Q Is there an event currently in progress?
AA Zealy event with a total prize pool of 25,000 ADF to boost Art de Finance’s social media and a 100,000 ADF reward pool for Launchpad participants.There will also be an NFT sale in collaboration with Crypto.com on the 15th. For more details, please check out our Medium.
PRE-COLLECTED QUESTIONS FROM USERS
QHow does Art de Finance differentiate itself from other web-2 platforms and what unique experiences does it offer to creators and experts in the web-3 space?
AWe envision a virtuous cycle in the Web3 art ecosystem that benefits users and artists.
Users)
1. Support artists through Seeding, an artist backing protocol, and get rewarded for your support
2. Participate in Launchpad to directly vote for artists to be onboarded to Seeding and receive 3 rewards
-> Reward of assets staked to get Launchpad VP / Reward for VP / Additional reward if the artist you voted for is selected
Artist)
1. participate in seeding, which is an additional revenue other than artwork sales
-> When users participate in seeding, they are divided into groups based on the amount of backing they accumulate. Rewards allocated to groups are shared among artists.
2. Provide the opportunity to participate in seeding through Launchpad
-> The pool of artists who can participate in seeding is limited, so Launchpad provides an opportunity to earn additional revenue.
3. Provide online/offline exhibition opportunities
-> Provide online and offline exhibition opportunities, including exhibitions with DDP and Aeon Studio..etc
Currently we have 6.4M seeding TVL, with 5,017 people, about 120K ADF staked on Launchpad.
Q Collaboration and partnerships are some of the most important cornerstones to help improve adoption. Can you tell us about your current partners, your plans for partnerships, and what everyone stands to gain from these partnerships?
A Art de Finance collaborates with artists, collector investors, and traditional galleries to build an independent art ecosystem in a decentralized environment.
So we have relationships with traditional art markets such as Gallery 2, Cho Hyun Gallery, DDP, PBG or Fingerlabs. We are also actively engaging with backers and investors to expand our reach.
DWF, Hyundai, Seoul Metropolitan Government, Busan Metropolitan Government, Beosin, Chainlink, Probit Global, OnBuff, NFT Go, Web3SG, NEET Heaven, Carry Protocol, Contentos, Shareverse, Immunifi, Coinpost, Tanssi, 3PM, Crypto.com, Aeon Studio, Coin98, KODA, Openfort.. etc
LIVE QUESTIONS
Q I want to register as digital artist on Artside? What are the standards for artist registration?
A Artists can register via the ADF PARTNERS page. An internal review process will be conducted to determine approval. The approval process can take up to 7 working days and once approved you are free to upload your work. However, as mentioned above, we select artists for seeding via Launchpad. We try to give as many artists as possible the chance to perform.
Q Some of the ADF tokens released from the incentive fund have been moved to KODA’s incentive fund. Can you tell us how the collaboration with KODA is going?
A Art de Finance aims to enhance the security and management of virtual assets, as well as explore new opportunities in the realm of Real World Assets (RWA)
- Integration of KODA’s Custody Services: Art de Finance will leverage KODA’s secure custody system to safeguard virtual assets and ensure transparent management.
- Expansion into RWA Services: In the future, Art de Finance plans to utilize KODA’s custody services for the safe storage and circulation of works associated with its Real World Asset services.
- Commitment to Transparency and Security: Both Art de Finance and KODA are dedicated to fostering a transparent trading environment and increasing investor trust in the virtual asset market.
[Art De FinanceOfficial Links]
Web : https://www.artdefinance.io/
Twitter : https://twitter.com/ArtdeFinance
Discord : https://discord.com/invite/art-de-finance
