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In historical times, art collection was a hobby that was exclusive to the royalty and the wealthy. Fast forward to our modern times, art collection is still very much a hobby that is exclusive to the rich and famous but more recently the technological gift of digitization has opened the door for the common people to have access to, albeit not so much the ownership of art pieces. Nonetheless, the digitization of the arts and culture domain which has enabled the duplication of artistic images with the click of a button, has brought with it some other issues in the form of authenticity verification and ownership proof.
It was in this context that non-fungible tokens (NFTs) came to the fore to leverage the automated and immutability features of blockchain to facilitate the verification of authenticity and proof of ownership of arts and culture pieces. In many ways, the advent of NFT has democratized the arts and culture domain by combining the element of universal access made possible by this day and age digitization with the use of blockchain to warrant the intrinsic integrity of the digital arts and culture domain.
Realizing the immense potential of NFT, Tokocrypto has upped the ante by deploying NFT in the realm of Indonesia’s rich and diverse arts and culture scene through the establishment of TokoMall, which is the first multi-category NFT marketplace in Indonesia.
Collecting NFTs on TokoMall is as Easy as ABC
From the outset, Tokocrypto had a clear vision to help Indonesians gain a broader knowledge of the industry and to integrate blockchain as part of the local society and subsequently, the global economy. In this regard, TokoMall aims to further Tokocrypto’s vision by facilitating the digital transformation of Indonesia’s arts and culture domain through the use of blockchain-based NFTs to open the door to the domain not only for Indonesians, but also art fans and collectors from around the world.
Although the technology behind NFTs may be intricate and complicated, their use and application can be simple and straightforward. Hence, Tokocrypto has gone out of its way to ensure that TokoMall’s user interface (UI) is set out in such a manner that maximizes the marketplace’s ease of use in order to provide the best user experience (UX) for TokoMall’s users. A brief guide on how art collectors can collect NFTs on TokoMall in 7 easy steps below:
Step 1
Click on the User Icon and register as a collector (make sure you have installed Metamask)
here to learn how to install Metamask>
Step 2
Click on the “Get NFT” button;
Step 3
Find the latest offering value;
Step 4
Select “Continue” to purchase the selected NFT;
Step 5
Proceed with the transaction on Metamask;
Step 6
You’ll receive a notification once the process is successfully completed;
Step 7
Ta-da! You’ll find your newly purchased NFT in the collection section;
Additional information about the steps for collectors to discover, mint, offer, transfer and burn their NFTs on TokoMall can be found in our full TokoMall guide here. With 2,000+ NFT artworks on display at TokoMall, art collectors would have a field day at TokoMall. Wait no more! Join the 10,000+ art collectors who have already started building their collection of NFTs on TokoMall now!
Creating the Perfect Symbiosis Between TokoMall and TKO
In line with the raging NFT trend, it is not surprising to find that NFT marketplaces are mushrooming all over the crypto domain. In this connection, a particular aspect of TokoMall, which makes it stand out from the rest is the fact that it uses Tokocrypto’s very own Toko Token (TKO), as the instrument of exchange whereby this brings manifold benefits to TokoMall’s users. For starters, it enables TokoMall to charge a minimal administrative fee of 3% for NFT transactions on the marketplace whereby any payment issues can be addressed immediately and resolved promptly by Tokocrypto’s support team.
Besides that, the fact that TKO is issued by Tokocrypto as the operator of TokoMall, means that TokoMall’s users can rest assured that they are getting due value for their expenditure through their NFT purchases on the marketplace. These are transacted using TKO as the instrument of exchange. This is because Tokocrypto has devised its tokenomics framework for TKO in such a manner to manage the inflation rates of TKO, ensuring that the token would be imbued with relatively high levels of purchasing power. In the context of art collectors who patronize TokoMall, they can purchase NFTs on the marketplace to add to their collection in full confidence that they are getting a proper bang for their buck.
As for TKO holders in general, the inclusion of TokoMall as a functional use case for TKO is certainly music to their ears. Having an additional use case would boost the price of a token simply because this would drive up market demand for the token thereby elevating its trading price in line with the principle of supply and demand. A case in point is the fact that the trading price of TKO recorded a 10-day rate of change (ROC) of 31.51 following the launch of TokoMall on 19 August 2021.
Tokocrypto plans to add a slew of functional use cases for TKO in time to come, including the much anticipated Toko Launchpad. It seems like the sky’s the limit for TKO and this brings with it endless possibilities for NFT art collectors traversing through Indonesia’s NFT metaverse via TokoMall.
Visit TokoMall now: https://mall.tokoscape.com/
For more information about Tokocrypto, please refer to the following:-
Whitepaper: https://www.tokocrypto.com/cdn/pdf/TKO%20Litepaper%20V2.0.pdf
Telegram: https://t.me/tkogroupofficial
Twitter: https://twitter.com/tkobytokocrypto
