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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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5 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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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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CloudBasedBackup Introduces Annual Subscription Plans for Managed Nextcloud Hosting

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1 hour ago

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May 6, 2026

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CloudBasedBackup, a Luxembourg-based managed Nextcloud hosting provider, has launched annual subscription plans with 50% off for the first year, bringing its 500 GB plan to just €2.45 per month. The offering positions Nextcloud as a full alternative to Google Workspace or Office 365, combining secure file storage, collaboration tools, and workflow automation in one privacy-first workspace. The launch discount is available at cloudbasedbackup.com/en/pricing.

Luxembourg, 6th May 2026 – CloudBasedBackup, the managed Nextcloud hosting provider built for privacy-focused teams and individuals, today announced the launch of its new annual plans. The provider will surprise customers by offering 50% off for the first year on yearly subscriptions, thus bringing its popular 500 GB plan to only €2.45 per month for the first year.

With data privacy and control becoming a top priority for organizations across Europe and beyond, CloudBasedBackup positions its managed Nextcloud offering as a secure, flexible cloud solution that combines storage, collaboration, and productivity in one place.

“Nextcloud is often thought of as cloud storage, but it’s much more than that,” said a spokesperson for CloudBasedBackup. “Our managed Nextclouds include a wide range of apps and collaboration features that can fully replace the day-to-day functionality many teams rely on from Office 365 or Google Workspace, while keeping control of data and reducing vendor lock-in.”

CloudBasedBackup’s managed Nextcloud hosting is designed to make it easy to deploy and maintain a powerful cloud workspace without the administrative overhead. Alongside secure file storage and sharing, customers can enable apps for collaboration and productivity, including tools that support document work, communication, and workflow automation.

The 50% discount applies to annual plans for the first year, including the 500 GB plan at €2.45/month (first year). Customers can view plans and secure a subscription at: https://cloudbasedbackup.com/en/pricing

About CloudBasedBackup
CloudBasedBackup provides managed Nextcloud hosting for organizations and individuals who want a secure, privacy-first cloud solution with automatic backups, collaboration tools, and simple administration. The platform helps customers consolidate storage and productivity workflows into a single flexible workspace without compromising data control.

Media Contact

Organization: CloudBased Backup

Contact Person: Marc Schiwek

Website: https://cloudbasedbackup.com/en

Email: Send Email

Country:Luxembourg

Release id:44376

The post CloudBasedBackup Introduces Annual Subscription Plans for Managed Nextcloud Hosting appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Outta PHX Print Shop Expands Production with New Five-Printhead Industrial Printer DTF System

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1 hour ago

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May 6, 2026

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United States, 6th May 2026 — Outta PHX Print Shop, a leading production facility for DTF transfers and custom apparel in Arizona, has installed a new industrial five-printhead Direct-to-Film (DTF) printing system—significantly increasing output capacity and reducing turnaround times for high-volume orders.

This latest investment allows the North Phoenix-based print shop to double its production capacity while maintaining consistent, high-quality results across all orders. The new system supports large-format DTF printing up to 24 inches wide and improves efficiency across gang sheet production, bulk apparel orders, and same-day service requests.

With the upgraded system, production times have been reduced by approximately 50%, enabling faster fulfillment for local Phoenix clients and nationwide customers ordering through Outta PHX’s online platform.

“This isn’t just an upgrade—it’s a shift in how fast we can deliver at scale,” said Bashar Dababneh, Owner of Outta PHX Print Shop. “We built our reputation on quality, and now we’re matching that with speed and capacity that most local shops simply can’t compete with.”

The expanded production capabilities position Outta PHX Print Shop as a go-to provider for:

The company continues to serve a wide range of clients, including local businesses, clothing brands, schools, sports teams, and promotional product distributors, while also supporting nationwide shipping for custom orders.

About Outta PHX Print Shop

Outta PHX Print Shop specializes in Direct-to-Film (DTF) transfers, DTF gang sheets, UV printing, Sublimation and premium custom apparel production. Based in North Phoenix, Arizona, the company offers fast local pickup and reliable nationwide shipping through its e-commerce platform.

Media Contact

Organization: Outta PHX Print Shop

Contact Person: Brian

Website: https://outtaphx.com

Email: Send Email

Contact Number: +16027023480

Address:420 E Bell Rd, Suite #7 Phoenix, AZ 85022

Country:United States

Release id:44755

The post Outta PHX Print Shop Expands Production with New Five-Printhead Industrial Printer DTF System appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

$300M+ Condominium Tower Planned to Transform Downtown Los Angeles Skyline

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1 hour ago

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May 6, 2026

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Los Angeles, United States, 6th May 2026 — TM Group, led by founder Temirlan Tokobekov, announced plans for a major real estate development in Downtown Los Angeles with a total projected investment exceeding $300 million. The project marks a strategic step in the company’s expansion into the United States and reflects its ambition to deliver high-impact developments in globally competitive urban markets.

The development will feature an iconic 55+ story condominium tower, designed to redefine the city’s skyline and establish a new benchmark for high-rise residential living. As demand for premium condominium residences continues to rise in major metropolitan areas, the project is positioned to meet evolving buyer expectations by combining location, design, and functionality into a single integrated offering.

Located at 613 S Grand Ave, the tower is planned to include 300+ condominium residences, complemented by ground-floor commercial space and a curated selection of high-end amenities. These are expected to include wellness and fitness facilities, premium resident services, and lifestyle-oriented spaces designed to enhance the overall residential experience.

The project is conceived as a fully integrated mixed-use environment, bringing together residential, commercial, and lifestyle components to create a dynamic urban destination. Its central location provides direct access to key business districts, cultural institutions, transportation networks, and entertainment hubs, positioning the development to attract both local and international buyers.

The architectural vision emphasizes modern design, efficient use of vertical space, and advanced engineering systems. Sustainability will also play a central role, with environmentally responsible building practices and energy-efficient technologies aligned with current standards and market expectations. The development aims to deliver long-term value while establishing a distinctive presence in the Downtown Los Angeles skyline.

“We don’t follow the market — we shape it. Los Angeles is the next step,” said Temirlan Tokobekov, Founder of TM Group.

The project is currently in the pre-development phase, including architectural planning, feasibility analysis, financial structuring, and coordination with city authorities and consultants. As the development progresses through entitlement and approval stages, additional updates are expected, including design unveilings and project timelines.

Upon completion, the project is expected to generate significant economic impact, including job creation, increased investment activity, and enhanced urban infrastructure. The development is positioned to become a key addition to the evolving landscape of Downtown Los Angeles.

About TM Group

TM Group is a real estate development and investment company focused on large-scale residential and mixed-use projects, delivering high-quality developments across international markets.

Media Contact

Organization: TM Group

Contact Person: Tim

Website: https://tmgroup-ca.com

Email: Send Email

City: Los Angeles

Country:United States

Release id:44754

The post $300M+ Condominium Tower Planned to Transform Downtown Los Angeles Skyline appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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