MEXC Global
Published in

MEXC Global

AMA Session with Flora Peng of FM Gallery (FMG)

Guest: Feiming Peng, Founder

Host: Gerald of MXC Exchange

Introduction:

My name is Feiming Peng. I graduated from Tsinghua University and have been active in the traditional art and fashion toys industry for many years. At the beginning of 2018, I started to work in the blockchain industry. Right now, I am the Founder/CEO of FM Gallery. FM Gallery is a blockchain-based platform for NFT artworks and fashion toys.

It’s kinda weird to say this myself, but I am probably the largest NFT influencer in the Chinese-speaking community with over 20k followers on Clubhouse and over 1 million followers across social media.

For FM Gallery, I have several teams that are working with me: the business development team, marketing team, product team, software engineering team and etc.

Questions from the community:

Gerald of MXC Exchange: Can you introduce FM GALLERY, what critical problems does it solve that existing solutions are not solving and what’s the competitive advantage?

Peng:

FM Gallery is the digital art gallery that connects the blockchain world and the art world. We strive to empower the world of arts and fashion with innovative art fragments as well as autonomous fan communities. With blockchain technology, artwork can be divided into several fragments. Each fragment, represented by an NFT, contains a unique art story. By collecting fragments, users are able to complete the artwork and redeem the completed NFT for physical artworks. Collaborating with top artists, galleries and auction houses around the world, we will continue to release physical and virtual crypto artworks on our blockchain.

Let me briefly talk about the innovative gameplay that we will release on our platform soon. We officially launched our Genesis Blind Box Series last week, which was totally sold out. That was an amazing series!

The Genesis Blind Box Series included three packs in different rarities — common, rare and legendary. By opening a pack, users will randomly receive an NFT artwork designed by renowned artists, with an estimated value of up to $42,500, or receive a generous reward box of FMG, FM Gallery’s governance token.

Let me explain briefly about the art fragments. In addition to the three boxes (common, rare, and legendary,) we have also included an exciting bonus. Different packs may contain fragments of an artist’s entire artwork. For example, there is a series of artworks called Kali Yuga in our rare pack, which is composed of 6 different pieces. Our users can open the blind box and collect the six pieces in the Kali Yuga series. Once successfully collected the six pieces, the user can get a mysterious gift from us.

One more amazing fact: The digital version of Kali Yuga is obtained from the physical oil painting by NFN Kalyan.

NFN Kalyan is an Indian-American artist living and working in Miami. Kalyan participated in the earliest drops on Nifty Gateway, where his works enjoyed great popularity. As he continues to expand his influence in crypto arts, his drops have always sold out in less than a second. At auctions, the bids for his pieces could increase 30–40 times the original prices.

Yes, this is new gameplay that we wanted to implement on our platform. And you were absolutely right on the fact that we will be promoting more types of Blind Boxes.

For example, personal blind boxes (A lot of artists are in the discussion with us regarding this).

Hope that our users will really enjoy it. Additionally, Kali Yuga is not the only series of artworks that we put in our blind box. We have also included Qiao Shan’s Seven Deadly Sins. Let me show you.

Shan Qiao is an award-winning artist who has worked with some of the biggest companies in video game and film production, including Blizzard Entertainment, Riot Games and Tencent. His work can be seen in top games, such as Overwatch, CrossFire and League of Legends. Shan is currently a concept artist with Sony’s Santa Monica Studio, where he is working on the famous God of War series.

I definitely wanted to promote our most expensive piece from Chad Knight. I am pretty sure a lot of people are Chad Knight’s fans. Chad Knight is a 3D Instagram artist whose work has gone viral, starting a pervasive internet rumour that his art was a real-life place in Japan. He recently sold a record-breaking $400,000 worth of art on the NFT platform Nifty Gateway.

Gerald of MXC Exchange: Can you briefly describe the top milestones you have achieved and your target milestones with timelines, also share your roadmap?

Peng:

Yes, we have achieved multiple significant milestones lately.

We announced last week that we have completed private fundraising with over $1 million raised from institutional investors including AU21, GBV Capital, YBB Foundation, AlphaCoin Fund, Hotbit, Legos Capital and Crasolum Ventures, as well as renowned individual investors and influencers such as Yemu and Edna.

We are overwhelmed by the interest and support of our investors. We are oversubscribed by four times, which has infused us with confidence. We’re fortunate to partner with so many renowned NFT artists, whose works are currently available in our Genesis Blind Box series. They have also shared with us their insights into crypto arts at Clubhouse, inspiring us to keep innovating the art market with more physical and virtual crypto artworks.

Additionally, FM Gallery has just completed the world’s first dual IDOs for NFT arts. On 3/22, we launched two IDOs together: one on Bounce Certified, another on Poolz. We have received significant interests from our community and the IDOs were extremely successful. Our governance token FMG is now live on Uniswap.

Most importantly, we just announced today that we are partnering with OpenSea to Facilitate Secondary Market Trading of NFT Artworks. Users can now directly trade on OpenSea their NFT assets obtained from FM Gallery’s innovative blind boxes and art fragments. In the future, FM Gallery will also host exclusive presale events and auctions on its official page on OpenSea.

This partnership will allow us to introduce more NFT art pieces to collectors around the world. FM Gallery is now connected with OpenSea, and we’d like to invite all art lovers to check out our upcoming Blind Box Series.

Last but not least, we will be launching a brand-new Blind Box Series in the next couple days, please feel free to join our community and learn more about the details!! Discord: https://discord.com/invite/gRZsWx9n9Q , Telegram:https://t.me/fmgalleryeng2

Gerald of MXC Exchange: This will be huge! With so many milestones clocked, achievements under your belt, you have now even secured an even bigger partnership! Speaking of partnerships, I’m sure the community here at MXC Global would like to know more details as to what partnerships FM Gallery has gotten into so far.

Peng: Yes. I am really excited about the milestones and I really appreciate every team member’s effort in FM Gallery.

Gerald of MXC Exchange: Can you briefly describe your PARTNERSHIPS so far?

Peng:

Yes, in addition to the partnership with Opensea, we have partnered with world-renowned NFT artists whose masterpieces are included in our blind box series. We are also working with Bounce on a partnership, which will be announced in a couple of days. Definitely stay tuned and feel free to join our community to learn more! Telegram:https://t.me/fmgalleryeng2

Here is some brief intro to the artists that have partnered with us:

Chad Knight is a 3D Instagram artist whose work has gone viral, starting a pervasive internet rumour that his art was a real-life place in Japan. He recently sold a record-breaking 400K worth of art on the NFT platform Nifty Gateway.

As a natively digital painter, Peter Mohrbacher’s work has been widely collected through Limited Edition prints. Peter’s iconic Angels have had a sizable impact on the way pop culture depicts Angels. You can see shades of his influence throughout the digital art world and spot references peeking through in movies, video games, and other media.

NFN Kalyan is an Indian-American artist living and working in Miami. Kalyan participated in the earliest drops on Nifty Gateway, where his works enjoyed great popularity. As he continues to expand his influence in crypto arts, his drops have always sold out in less than a second. At auctions, the bids for his pieces could go up 30 to 40 times the original prices.

Klarens Malluta is an Albanian visual artist. He has been creating artworks, posters and animations every day since 2017, experimenting with different software and techniques to generate original visual content. Inspired by elements of the 80s, he expresses himself through a very modern style described as retro-futuristic, glitchy, and very playful.

Shan Qiao is an award-winning artist who has worked with some of the biggest companies in video game and film production, including Blizzard Entertainment, Riot Games, and Tencent. His work can be seen in top games, such as Overwatch, CrossFire, and League of Legend. Shan is currently a concept artist with Sony’s Santa Monica Studio where he is working on the famous God of War series.

Peter Chan currently lives and works in Toronto, Canada. Chan’s narrative themes can be considered autobiographical, though the artist often explores critical themes of East Asia. In his work, he distorts and recomposes imagery to form compositions that allow for new narratives and meaning. His work has been exhibited in solo and group exhibitions worldwide including Hong Kong, London, Paris, New York, Los Angeles, San Francisco, Seattle, Montreal, and Toronto.

Gerald of MXC Exchange: Can you give an overview of your Tokenomics, and the UTILITY of the FM GALLERY TOKEN?

Peng:

FMG will be the governance token for the FM Gallery ecosystem and will conform to the ERC20 standard. The total supply will be fixed at 100,000,000 tokens. Being a DAO, we need to design a fair model for distributing FMG tokens to incentivize the community to use the platform actively. The distribution breakdown is as follows:

1. Team — 20%

2. Ecosystem Fund/Community Governance — 15%

3. Private Sale, Seed Investors and Advisors –15%

4. Community — 50%

• Team

Team and Advisors will be allotted 20% of the supply (20 million FMG). 5% of that (1 million FMG) will be vested on TGE and the remaining will be vested linearly over 12 months on a monthly basis.

• Ecosystem Fund

The Ecosystem Fund will be allotted 15% of the supply (15 million FMG). This will be used for funding for the day-to-day operations and other activities to grow the platform like marketing, partnership, smart contract audit, etc.

• Private Sale, Seed Contributors and Advisors

Private Sale and Seed Contributors will be allotted 15% of the supply (15 million FMG). The vesting schedule for each of them are –

1. Private Sale — 8.6% of the total distribution (8600000 FMG). Around 29% (2500000 FMG) will be vested at TGE and the remaining will be vested linearly over 12 months on a monthly basis.

2. Seed Contributors — 5% of the total distribution (5000000 FMG). Around 20% (1000000 FMG) will be vested at TGE and the remaining will be vested linearly over 12 months on a monthly basis.

3. Advisors — 1.4% of the total distribution (1400000 FMG). Around 20% (280000 FMG) will be vested at 1 month after TGE and the remaining will be vested linearly over the next 11 months on a monthly basis.

More a more detailed breakdown, please feel free to check it out here: https://medium.com/fm-gallery/the-wah-tokenomics-5f8acd35d84c

Or join our community at https://t.me/fmgalleryeng2

Free-Asking Segment

Q1.What are your major goals to achieve in the next 3–4 years? And What are your plans to expand and gain more adoption ?@Mohammadamir21

Peng:

Major goal:

1. Expand our user base and build a welcoming community for the users

2. Implement more innovative gameplay for NFT artworks on our platform

3. Serve as the gateway between the Western and Eastern art communities (as well as blockchain communities)

Essentially we wanted to establish FM Gallery as one of the best digital art galleries for NFT artworks in the Chinese market.

Q2.How will you attract investors and build trust and win the hearts of millions of people in your project? @MomtajShahjahan

1. We are planning to establish partnerships with different platforms, such as Bounce, Rarible, and etc.

2. We will also be working with more renowned and up-rising artists in the NFT market. We are very selective in terms of artists and artworks. We have an art committee to review all the incoming artists and artworks. We wanted to make sure that the secondary market pricing for the artworks will be increasing in the future

3. Transparency: We will always keep our investors and users updated about the current progress. We have been conducting AMA events and Clubhouse events extensively. For future events, please join us at: https://t.me/fmgalleryeng2

Follow us:

Medium: https://medium.com/MXCExchange

Telegram: https://t.me/MXCEnglish

MXC trading: https://t.me/MXCtrade

Twitter: https://twitter.com/MXC_Exchange

https://twitter.com/MXC_Fans

Reddit: https://www.reddit.com/r/MXCexchange/

Facebook: https://www.facebook.com/mxcexchangeofficial/

Discord: https://discord.gg/zu5drS8

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
MEXC Global

MEXC Global

Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. Visit us at https://www.mexc.com/