NFTs and Art: Redefining Everything Again
Art is the most vocal form of human emotions, celebrated worldwide. While it may come in different shapes and forms, art is known to change the way people think. And that change is what has redefined the world.
Art and NFT have played a very close relationship in these past years. Much of the general public thinks that NFT is all about jpegs, and only graphic designers or people who have an artistic vein could profit from it. But the reality is far from it. With the changes that happen over time, and due to the nature of art itself, it can be derived that art could be anything from Jpegs to real-world objects. It can be celebrated, observed, written, designed, or recreated.
How has Hdden Forms redefined the relationship between NFT and Art?
Summing all of that mentioned above, Hdden Forms has developed an idea to revamp how people think about art and NFT.
Tokenizing Real-World Assets
With the development of blockchain and its technology, there is now a new way to make money. Token-based economies run on blockchains, which allow for new business models in which customers are not just buyers but also participants in an economy with a stake in its success and a voice in the decision-making process to protect their own and the community’s interests. That is why the company is working together to tokenize real-world assets to ensure that people make money from them and enjoy it as a form of art.
Tokens with Tangible Utility
Limited-edition tangible goods (real-world assets) created out of wood are launched by the company each year. There will be no more than 25 copies of each design, and each collection will have 2 to 4 unique designs. There will be a corresponding utility token for each design containing both the metaverse and augmented reality versions of the design. Physical and digital assets may then be redeemed independently by owners.
Only members of the Hdden Forms community can purchase the company’s limited-edition designs. All members must own a governance token to participate. A utility token auction and governance in the Hdden Forms DAO, a decentralized investment fund, are included with this subscription. In the Hdden Forms economy, every investor is guaranteed a piece of the DAO’s treasury. As a decentralized investment fund run by token holders, Hdden Forms seeks to manage and expand actual limited edition wood items and their digital equities, the economy’s primary assets and sources of economic sustenance. Token holders will also have partial ownership of every Hdden Forms design ever created since the DAO will own 5 out of every 25 limited-edition wooden products.
The 3 Income Streams of the DAO:
Here are three ways through which DAO will make money:
a) Governance Tokens
The DAO will automatically get 50% of the proceeds from the sale of every governance token.
b) Royalties
The DAO will automatically get 50% of any secondary market royalties earned from the sale of every Hdden Forms token.
c) Utility tokens
One out of every five utility tokens that contain the real and digital assets generated by Hdden Forms will go to the DAO automatically.
Bottom Line
Art is something that keeps the world running. And when the art meets NFT, it is a whole new game. People are beyond the concept that NFT is all about jpegs in this day and age. Hdden Forms has revamped the whole idea while making it profitable and enjoyable. So, if you have a knack for art, and are interested in NFT and Metaverse, this is your chance to truly experience something marvelous that is going to change the course of art for good. Hdden Forms has come up with an idea that is going to update and revolutionize the whole NFT game, and you could be a part of it too.
