1-4. Problems and solutions

l Issues

  1. Differentiated by high-value transactions centered on a small number of famous artists and a small deal of NFT for a large number of ordinary works of art.

  2. The lack of a valuation system for non-famous general and new artworks, and the added burden on customers due to the presentation of artist-centric unilateral pricing criteria.

  3. Limiting the entry of talented emerging artists centered on Generation MZ

  4. Stable community-based vulnerability

  5. Deteriorating competitive environment of the newborn NFT platform and exchanges due to the entry of existing large digital asset exchanges into the NFT market

l Solution

  1. Discovering Art NFT through NFT contest

By discovering artwork NFTs in contests in the same way as popular user auditions, you will be able to gain marketability and a user base, and by creating the foundation for fandom formation, you will be able to preserve and defend its price.

2. User community centered on artist fandom

By maximizing the effectiveness of the N FT contest to form a artist's fandom, it is possible to build a more robust user community, thereby systematizing the interaction between the artist and the user, resulting in the NFT co-marketing effect, which will benefit from it to a certain extent. Make it shareable.

3. Collective Intelligence Assessment System

In conjunction with the contests in which users participate, users and experts collaborate jointly to conduct assessments of NFTs in a collective intelligence manner and publish the results so that users can refer to them, solving the problem of authors arbitrarily setting NFT reference prices.

4. Incentives on participant activity criteria

Services based on the activation of user and community engagement should support tokenomics, where incentives based on activity can be given, as appropriate compensation for that activity must be made.

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