Art assets securitization
DIP creates an art finance module. Through the art financial platform, it can reduce the threshold for investors to enter and let more art lovers participate. Every piece of art in the art financial platform will pass the DIP art expert committee to the art. Conducting a price assessment, the foundation initiates an art financial product. After the subscription, the corresponding artwork will generate a unique certificate. Through the smart contract, each participating art lover will be confirmed. Art lovers can have art ownership in the community. Trade and gain value. In the future auction of artworks, according to the vote of the art holders in the community, the auction time of the art auction will be decided. After the auction, the corresponding value will be distributed according to the corresponding art certificate. At the same time, DIP will extract the profitable funds within a certain period of time to set up an art transaction risk protection pool for user loss compensation during the art transaction process.
Artist crowdfunding
Artists can enter the platform by paying a certain number of DACs. Certified artists can generate their own personal credits through smart contracts. Artist fans or community users can share the proceeds of artists’ art works by purchasing credit shares. Credit only represents the profitability of art, and the artist becomes a hot indicator of the idol market, not as an asset.
Example: Artist A initiates and creates an A-credit application request
1. Defining the rights of income rights: for example, the community income rights of artists’ works of art in a certain period of time
2. Set crowdfunding time, for example 1 month
3. Release the corresponding amount according to the number of users (unified requirements for each artist’s quota to be 10,000 copies, root
According to the different users, the amount of the released amount is different)
4. Return initial income standard and invalid return period
After the crowdfunding, all relevant income of the artworks will be used as crowdfunding income during the equity period. When the income of artist A works exceeds the DAC, the investors will start to realize the income. When the income reaches the initial return standard, investors can freely choose. To realize the proceeds, that is, to recover the corresponding proportion of DACs, when the artist returns to the ineffective return period, the artist’s income fails to achieve positive returns, and the remaining DACs are returned to the investors in proportion.
#art #blockchain #Artfinance #community #crowdfunding
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