The NFT Buzz
Crypto and NFT News

UniArts Art Reimagined


Hey there reader!

UniArts’ major functions are achieved by NPoS voting and on-chain governance which is aided by Substrate’s development. It also pairs nicely with other facilities which were developed with Substrate, such as Crust, which handles decentralized content storage, a must-have for NFT connoisseurs.

Using UniArts is an extremely simple and straightforward process!

Simply put, you just have to first upload your existing artworks and mint them into NFTs.

Next, bind them with curators nodes. After these two steps, people will be able to vote for the NFTs. When your NFTs get enough votes, UARTS will be minted into your NFTs, adding additional value.

UniArts’ focus and goals vary from the majority of NFT platforms. We are all about voting, selecting, and incubating artists like hidden gems and letting more appreciators discover and trade their amazing artwork. Established artists will also find great value in UniArts, though they are not the main focus, which is another unique aspect of our model.

DAO curation is one way of understanding UniArts’ NPOS.

NPoS stands for Nominated Proof-of-Stake, which has been adopted from both Polkadot and Substrate. In the simplest of terms, it’s people staking their tokens to vote for network nodes in order to receive block rewards. The selected nodes are responsible for ensuring the stability of the network and receive rewards for doing so, along with the token holders that voted for them.

One of the innovations we are most proud of is the implementation of Nominated Proof of Stake (NPoS) voting to “crowd select” some of the most desirable artworks and mint block rewards into NFTs. This will have a positive effect on liquidity and quality incentives.

UniArts NFTs can be exported to different marketplaces but by doing so, the unique and valuable features that UniArts offers will be lost.



Original Source

Leave A Reply

Your email address will not be published.