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UniArt’s impossible art formula gallery bring bottom-up NFT appreciation with vote mining on 30th Sep

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4 years ago

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Preamble

Recently, “Loot” has been spreading virally throughout the crypto community. Industry key opinion leaders (KOLs), founders of quality projects, and investment institutions all pay close attention to the emerging “bottom-up” concept, and more community members are excited about it.

Despite the term bottom-up only recently coming into the limelight, in essence, the philosophy may be at the root of the entire crypto economy. Bitcoin, for example, breaks the rules of centralized government-issued fiat currency by enabling anyone that follows its PoW consensus algorithm to produce a new currency. On the other hand, Ether allows developers to build arbitrary dApps on top of it without permission, and its prosperity hinges on the frequency of this.

These two patriarchs of the crypto economy have opened up a bottom-up path outside the centralized internet. The bottom here can be anyone. The top is no longer governments or corporations but now code, algorithms, data, and consensus mechanisms. Loot is the first bottom-up non-fungible token (NFT), possessing similar intrinsic characteristics at the root of its explosion.

The most widespread application of NFT is currently in the art sector. Crypto community practitioners are working to bring NFT into the traditional art marketplace. To accomplish this, NFT must have general acceptance and market consensus, not just within a niche group of artists and appreciators. Take the most common financial application of collateralized lending, for example; a starving artist, globally unknown pledges his minted NFT to you, the potential lender. They claim it is worth US$10,000 and want to borrow against this collateralized value. Naturally, you are hesitant, unsure of its market value, and even if a current buyer is willing to purchase it at that price, you are still uncertain about its future value. In short, there is not enough market consensus for that NFT. However, let’s use CryptoPunk or BAYC as collateral in this example. Results would be the opposite because each of these digital assets already has widespread market consensus, having been classified as antiques in the NFT community. Therefore, the fair market valuation of NFT is critical to achieving market consensus in the financial sector. Exploring a suitable value solution for NFT is beneficial in a financial application, which opens up various other possibilities for NFT, leading to the further development of the whole crypto community.

UniArts aims to uncover NFT fair market valuation through its customized bottom-up Nominated Proof-of-Stake (NPoS) economic model, aspiring decentralized incubation of creators and their works. In this paper, the core concept of UniArts will be comprehensively explained using this bottom-up concept as the source idea.

Bottom-up NFT Fair Market Valuation

The term bottom-up can be understood differently in different contexts; building on top of a foundation is not a required characteristic. In the context of UniArts, bottom (in a non-pejorative sense) can be understood as what people define together and top as the fair value of NFT. This bottom-up approach is contrasted with more traditional top-down valuation, which was determined mainly by centralized auction houses or prominent collectors. Less renowned artists rarely gained any attention, and in the rare chance they did, their work would often be considered nearly worthless. Such an approach does nothing to showcase potentially exceptional pieces for the mere reason they are unknown, and they remain misunderstood by the public.

In the UniArts network, $UART holders are deemed “nominators,” pledging their tokens as “votes” for an NFT they admire. The more votes an NFT receives, the more people approve of it, and the higher the consensus level. When people are required to invest in their decisions, they become much more selective. Since there is value in $UART, the votes that an NFT receives indicate its fair market value. In the early stages of UniArts’ development, the small user base may not be sufficient to tie the word fair to an NFTs value, but as the network expands, it will become more and more convincing. This process can be referred to as the “flywheel effect.”

Appreciate to Earn

“Appreciate To Earn” is a new concept and a subset of “Play To Earn,” in that merely appreciating an NFT is akin to the process of playing. Axie Infinity, a chain game that has been popular in the crypto community for a while now, relied on this “Play To Earn” concept as the fuel to expand its user base. From this vetted example, we know that it is a viable business model.

UniArt’s Nominators pledge $UART and select an NFT they appreciate to earn more $UART, including a base pledge bonus and a block bonus for top-ranked NFTs. In this process, the word appreciate corresponds to the nominator, and the word earn corresponds to the earned $UART. In Axie Infinity, players buy a pet “Axie” as an entry ticket to the game and earn revenue in-game from this Axie. In UniArts, $UART is the entry ticket into the network.

Play to Earn can be viewed as a modern concept to attract new users. Traditional game companies pay third-party advertising companies to attract new users, but these users do not receive any income. Blockchain games use tokens to incentivize new users, which is a disguised way of attracting traffic; an alternative form of advertising, where the fees paid to advertising companies are instead attributed to the user. If this alternative form of advertising is integrated into a chain game’s economic model, one can only expect explosive organic user growth. Similarly, the Appreciate to Earn concept will cause natural growth of UniArt’s user base, eventually to the point where fair valuation is achieved.  

Multi-Chain NFT Gallery “Impossible Art Formula”

UniArts is native to Polkadot, and one of its strategic plans is to spread the NFT gallery to more popular blockchains, the first stop being Polygon. Mechanically, the gallery will be similar to the NPoS economic model but not identical.

  • Six NFTs will be presented in each issuance, and users can pledge $UART or $WETH to vote on their favorite NFT.
  • There are a total of 3 revenue pools, including a casting pool, a general pool, and a bonus pool. The bonus pool added to the gallery is unique in comparison to the NPoS model mentioned above. The casting pool is a pool in which $UART is minted into an NFT based on the percentage of votes received by the NFT. The general pool allocates rewards based on the proportion of user votes to the total number of votes in the corresponding NFT.
  • At the end of each voting period, NFT owners have the option to participate in the next three-day auction. The bonus pool is allocated to the corresponding NFT according to the ratio of the price sold in the auction to the sum of all prices traded in the auction for that period. This pool is then allocated to users that voted in the general pool, as mentioned in (2).
  • Specific details can be found in the following chart:

UARTs tokens are capped at 200 million, with 10% held by the team and released after 3 years, 12% by early stage investors, 10% by the treasury, and the rest by NFT vote mining, “Appreciate To Earn”.

“Impossible Art Formula” demonstrates the lack of a perfect solution in art valuation as everyone has their unique preferences. Let’s solve this by using $UART to appoint the “Hamlet” we fancy.

Concluding Remarks

UniArts has customized the NPoS economic model for NFT with an Appreciate To Earn mechanism based on the bottom-up source concept, which helps NFT discover its fair value. This value discovery fills an essential gap in applying NFT to traditional art and financial systems, paving a new path in crypto circles.

The impossible art formula is accessible now and will be online on 30th Sep.

About Author

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Lounge Lizard Announces Spring 2025 Web Design Scholarship Winner Zoe Webb

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1 minute ago

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April 30, 2025

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United States, 30th Apr 2025 – Lounge Lizard, a leader in digital marketing and web design for over 25 years, proudly announces Zoe Webb from the University of Georgia as the Spring 2025 Web Design Scholarship winner. Zoe’s impressive portfolio site, zwebbdesign.com, earned her top honors for its clean aesthetic, intuitive user experience, and creative edge, embodying the values Lounge Lizard champions in digital innovation.

The announcement, detailed in a featured blog post on the Lounge Lizard website (read the post here), continues the agency’s ongoing commitment to support the next generation of digital design talent through its biannual Web Design Scholarship initiative. Since its inception, the scholarship has helped numerous students bridge financial gaps and gain visibility in a competitive industry.

Ken Braun, Founder and Chief Creative Officer of Lounge Lizard and an esteemed judge for The Webby Awards, personally reviewed the entries and praised Zoe’s submission.

“Great web design is more than just aesthetics—it’s about creating seamless, engaging user experiences that leave a lasting impact,” said Braun. “Through our scholarship program, Lounge Lizard is proud to support the next generation of designers pushing the boundaries of creativity and innovation in the digital space.”

The Lounge Lizard scholarship is part of the agency’s broader mission to promote creativity, excellence, and accessibility in digital design. As a full-service agency with offices in NYC, Los Angeles, Washington D.C., and other major U.S. cities, Lounge Lizard works with clients across industries to create dynamic branding, web design, and marketing solutions. Learn more at www.loungelizard.com.

In an industry where 94% of first impressions are design-related and 75% of website credibility is attributed to design, according to studies from WebFX and Stanford Web Credibility Research, nurturing design talent has never been more crucial. The U.S. Bureau of Labor Statistics projects a 16% growth in web design jobs by 2032, while 42% of students cite financial constraints as a major barrier to pursuing education in design and tech fields.

“At Lounge Lizard, we believe that investing in young designers is investing in the future of digital innovation,” said Braun. “We look forward to seeing how emerging talents like Zoe shape the industry in the years to come.”

Applications for the Fall 2025 Scholarship are now open and will be accepted through October 2, 2025. The scholarship is open to students currently attending or accepted into accredited institutions in the United States. Interested students can find full eligibility details and submit their applications via the Lounge Lizard Scholarship Page.

With this initiative, Lounge Lizard reaffirms its position as an industry trailblazer—not just in delivering award-winning web design and digital marketing solutions (see services), but also in mentoring and uplifting the next wave of digital professionals.

About Lounge Lizard:
Founded in 1998 by Ken Braun and Sharon Sexton-Braun, Lounge Lizard is a family-owned digital agency known for delivering results-driven branding, web design, and marketing strategies. With over 25 years of experience, the agency has earned accolades across industries and built a legacy of innovation, mentorship, and client success. Lounge Lizard’s mission is to empower businesses and creatives alike with cutting-edge digital solutions and impactful storytelling.

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CWG Markets Awarded Best Online Trading Service Provider UK 2025 by Global Business and Finance Magazine

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16 minutes ago

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April 30, 2025

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PORT VILA, Vanuatu, 30th Apr 2025 – CWG Markets, a leading financial services provider, has been honored with the prestigious title of Best Online Trading Service Provider UK 2025 by Global Business & Finance Magazine. This accolade underscores the company’s dedication to delivering superior trading solutions, cutting-edge technology, and client-centric services in today’s dynamic financial markets.

Regulated by the UK Financial Conduct Authority (FCA) and a member of the London Stock Exchange (LSE), CWG Markets combines stringent regulatory compliance with institutional-grade market access. The company provides a comprehensive range of trading instruments, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies, supported by cutting-edge platforms, tight spreads, and ultra-fast execution. 

Global Business & Finance Magazine grants this award after evaluating key criteria such as customer service excellence, technological innovation, regulatory adherence, and market leadership. CWG Markets’ adherence to these standards has solidified its reputation as a trusted partner for traders worldwide. 

Operating under the oversight of the FCA—one of the world’s most rigorous financial regulators—CWG Markets ensures a secure, transparent, and fair-trading environment. The firm further distinguishes itself through dedicated market analysis, trader education programs, and 24/7 multilingual client support, reinforcing its position at the forefront of the industry. 

For more information about CWG Markets and its award-winning services, visit https://www.cwgmarkets.com/. 

 

About CWG Markets 

CWG Markets is a globally recognized online trading provider, offering access to Forex, equities, commodities, and cryptocurrencies via advanced platforms. Regulated by the FCA and a member of the LSE, the firm prioritizes innovation, security, and client success through competitive pricing, robust technology, and institutional-grade execution. 

 

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Blockchains Finance Expands Global Financial Services Platform with New Institutional Solutions

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2 hours ago

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April 30, 2025

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Blockchains Finance announces the launch of a suite of enhanced institutional-grade financial services, focused on delivering secure, efficient, and client-centric financial solutions to professional markets worldwide.

Blockchains Finance, a leading financial services provider, today announced the official rollout of a new range of institutional solutions aimed at addressing the evolving needs of professional investors, asset managers, and corporate financial entities across global markets.

The Institutional Access The new offering encompasses a range of advanced services, including high-security asset custody frameworks, multi-asset trading solutions, enhanced liquidity access mechanisms, and integrated portfolio management support. Designed to meet the highest operational standards, these solutions enable institutions to efficiently manage their financial strategies while maintaining full operational control and transparency.

“Delivering reliable, client-focused financial infrastructure is crucial to building resilient markets,” said a senior executive at Blockchains Finance. “This initiative reflects a strong commitment to supporting institutional participants by offering robust financial tools tailored to the needs of modern asset management.”

Key features of the enhanced institutional services include:

Comprehensive Asset Safeguarding: Implementation of high-security custody measures designed to ensure full client ownership and operational security.

Scalable Trading Infrastructure: Access to a sophisticated trading environment with real-time execution, dynamic liquidity management, and multi-instrument support.

Portfolio Management Optimization: Provision of flexible tools for asset allocation, risk monitoring, and portfolio performance analytics.

Operational Transparency: Deployment of advanced reporting capabilities, offering detailed transaction records and full client visibility into all account activities.

Dedicated Client Services: Tailored onboarding, multilingual customer support, and individualized relationship management provided by experienced financial professionals.

The expansion of Blockchains Finance’s institutional services underscores its strategic vision to support professional markets with solutions that combine technological sophistication, financial expertise, and operational excellence. By reinforcing trust, transparency, and client empowerment, Blockchains Finance aims to contribute meaningfully to the future of responsible and accessible financial markets.

Future initiatives will continue to emphasize service quality, client-centric innovation, and risk management excellence, ensuring that institutional participants are equipped with the infrastructure needed to succeed in dynamic financial environments.

For more information, visit:

https://www.blockchains-finance.info

https://www.blockchains-finance.wiki

https://www.blockchains-finance.review

https://www.blockchains-fin.cc

https://www.blockchains-finance.pro

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