To come back to the intended focus of this article; the influx of the DeFi audience into the NFT space. coupled with the ongoing bull run, has (based on my observations) severely impacted the NFT art market. To most people this may seem irrelevant, but for a surprising number of digital artists in the NFT space, art accounts for most, if not all, of their relied-upon income; so watching people spend hundreds, and sometimes thousands of dollars on NFTs that offer no utility and would likely sooner be displayed on a fridge than in a frame, it can be very frustrating. Similarly, as an advocate of the arts, and a casual NFT art collector, seeing the market volume for what amounts to little more than doodles, while artists of incredible talent are struggling, is difficult to comprehend. With these factors in mind, and adding the observation that 'social tokens' are poised to very rapidly become a source of revenue and value-generation for creators, influencers, etc., the solution seeming presented itself without a focused attempt at finding one. (I had a personal project in mind and found a way to implement it, which led to the idea evolving) Soon to be announced with more flair, more details, and dates for the token presale and public platform launch; DeFi/ne Art will be a social experiment attempting to bring together the benefits of DeFi, high quality art NFTs, and "personal tokens" to provide benefits to creators, collectors, and yield farmers. For creators, the aim will be to increase visibility and provide an appealing incentive for LP providers of their personal tokens. For collectors, there will be oppurtunities to earn exclusive artworks from familiar names while also improving the market data of the creators token. For yield farmers, the benefit will come in several forms: a reward token that has very strong potential to shoot for the moon as well as the ability to collect high quality art from recognizable artists instead of scribbles or low-effort memes. While I don't claim to be any kind of expert, and certainly not any authority when it comes to the diverse world of art; I do know the difference between legitimate effort and two-minutes with a meme generator. As an example; which of these NFT's would you rather have an oppurtunity to earn through yield farming rewards?
I hope it isn't necessary to point out that the question was rhetorical; and if that wasn't blatantly obvious, you may be part of the problem.
(no offense intended)
To stay up to date on the rapid development of the DeFi/ne Art platform, learn more about the token economics, or be the first to hear about the confirmed artists and other ecosystem partners that will be offering exclusive NFT rewards to LP providers who stake their LP tokens to earn $ARTx, follow the official twitter account @fineartfinance, join the telegram at t.me/cryptoart_finance, and follow me here, where details updates will be posted hours or even 1-2 days before being published anywhere else!
