ExchangeArt is a leading digital art marketplace that empowers artists and collectors in the Web3 space. Built on the Solana blockchain, it offers a platform for creating, collecting, and trading digital art. The introduction of the $ART token further enhances community engagement and platform governance.
✨ What Is ExchangeArt?
ExchangeArt is a fine art NFT marketplace launched in October 2021 on the Solana blockchain. It has grown to host over 27,000 artists and 50,000 collectors, facilitating the sale of more than 350,000 artworks and generating over $28 million in art sales.
In 2023, ExchangeArt expanded its reach by integrating Ethereum, allowing artists to manage their collections across both Solana and Ethereum ecosystems from a single platform.
🛡️ Royalties Protection Standard
To support artists’ earnings, ExchangeArt implemented a “Royalties Protection Standard.” This feature enables creators to enforce royalties on secondary sales by choosing which marketplaces can list their NFTs, ensuring they receive due compensation as their work changes hands.
💰 Introducing the $ART Token
The $ART token is ExchangeArt’s governance and utility token, marking a step toward decentralizing the platform. It allows community members to participate in decision-making processes, propose initiatives, and vote on platform developments.
Tokenomics Overview:
- 💎 Total Supply: 1,000,000,000 $ART
- 🌍 Community Allocation: 10% (claimable within 3 months of launch)
- 💸 Liquidity Provision: 5%
- 👨👩👧👦 Team Allocation: 20% (3-year linear vesting with a 6-month cliff)
- 🧑💼 Investors and Advisors: 15% (3-year linear vesting with a 6-month cliff)
- 🎁 Rewards Programs: 30% (1% unlocked per month)
- 🌱 Ecosystem Fund: 20% (1% unlocked per month)
The initial community airdrop was calculated based on user activity and volume, rewarding both creators and collectors for their engagement on the platform.
🌍 Community and Global Presence
ExchangeArt has actively engaged with the global art community by sponsoring Solana Hacker Houses and hosting live exhibitions in over 15 cities across three continents. These initiatives have fostered a vibrant ecosystem for digital artists and collectors worldwide.
🚀 Looking Ahead
ExchangeArt continues to innovate in the digital art space, with plans to further integrate traditional art solutions and expand its multichain capabilities. The platform’s commitment to artist empowerment and community-driven development positions it as a significant player in the evolving NFT landscape.
