Connect with us

Press Release

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

Published

5 years ago

on

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.

See author's posts

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.

Related Topics:
Continue Reading

Press Release

STARTRADER Adds 20 Stock and ETF CFDs to Its 24/7 Trading Range

Published

16 minutes ago

on

October 6, 2026

By

Port Louis, Mauritius, October 6th, 2026, FinanceWire

Available from October 6, 2026, the 12 stocks and 8 ETFs extend STARTRADER’s round-the-clock access across South Korea, Hong Kong and the US.

STARTRADER has launched 20 new Stock and ETF CFDs on its MT5 servers, tradable Monday to Sunday from 00:00 to 24:00 (GMT+3 platform time). The launch focuses on the companies supplying the physical infrastructure behind AI, and half of the 20 are listed in Seoul or Hong Kong, where sessions close before US markets open. Extended trading hours may allow clients to access these CFD products outside the regular trading hours of the underlying exchanges, subject to applicable trading conditions. 

Seven additions provide exposure to companies and products associated with the high-bandwidth memory (HBM) and DRAM supply chain, including Samsung Electro-Mechanics (SAMSUNGEMUSD) and Hanmi Semiconductor (HANMIUSD), together with five products offering 2x leveraged exposure, including long and short exposure to SK hynix (SKUUUSD, CSOPSKHYNIX2LUSD, SKDDUSD), and long exposure on Samsung Electronics (CSOPSAMSUNG2LUSD) and exposure to the DRAM sector (RAMUSD).

Five additions provide exposure to companies and an ETF associated with areas of AI data-centre infrastructure, including Zhongji Innolight (ZHONGJIUSD), which completed a US$6.8 billion Hong Kong listing in July, the Roundhill Photonics & Optics ETF (LYTEUSD), Vistra (VSTUSD) in power generation, Cloudflare (NETUSD) in edge computing and LG Electronics (LGELECTRONICSUSD) in liquid cooling.

The remaining eight additions are Naver (NAVERUSD), the KODEX 200 ETF (KODEX200USD), Kuaishou (KUAISHOUUSD), Meituan (MEITUANUSD), the VanEck Gold Miners ETF (GDXUSD), Moderna (MRNAUSD), Trump Media & Technology Group (DJTUSD) and Shopify (SHOPUSD).

“Interest in AI has moved down the stack, from the companies that design chips to the ones that supply their memory, optics, power and cooling. This launch follows it there, with a deliberate focus on Asia, where many of those companies are listed.” – Peter Karsten, CEO, STARTRADER

The launch follows the 49-symbol expansion announced in September and adds further instruments from Asian equity markets to STARTRADER’s trading offering. Further additions may be considered based on market developments, product availability and applicable trading conditions. 

Risk Warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Leveraged and inverse ETFs generally seek to provide amplified or inverse daily performance relative to their stated benchmark and may produce materially different results over longer holding periods. Trading outside home-market hours may involve wider spreads and lower liquidity. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Disclaimer: This information is for general informational purposes only and does not constitute investment advice or a recommendation to trade. Product availability, trading hours, leverage and applicable conditions may vary by jurisdiction and account type. CFDs involve a high risk of loss, and clients should consider whether trading is appropriate for their circumstances.

About STARTRADER

STARTRADER is a global multi-asset broker empowering retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STARTRADER APP, and STAR Copy. Regulated in five jurisdictions (CMA, ASIC, FSCA, FSA, and FSC), STARTRADER combines strong governance with a client-first approach, serving both retail clients and partners with a commitment to transparency, reliability, and long-term growth.

Contact

Janna.magabilen
Janna.magabilen@startrader.com

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

Press Release

Kroum Vassilev Leads Energy and Venture Work Across Southeast Europe

Published

1 hour ago

on

October 6, 2026

By

Entrepreneur Holds Roles at Profine Energy Bulgaria, Enevlo, and Nebula Purple. Kroum Vassilev holds concurrent leadership positions spanning renewable energy development, energy storage, and early-stage venture capital in Bulgaria and the broader Southeast European region.

Bulgaria, 6th Oct 2026 – Kroum Vassilev, an entrepreneur working across renewable energy, technology, venture capital, and real estate, holds three active leadership positions in Southeast Europe. He serves as Managing Director of Profine Energy Bulgaria, Principal at Enevlo, and Operating Partner at Nebula Purple. Together, these roles connect renewable project development with operational execution and early-stage investment.

Kroum Vassilev Leads Energy and Venture Work Across Southeast Europe

Profine Energy Bulgaria is a joint venture between Profine and Wirth Gruppe focused on developing large-scale renewable energy projects. As Managing Director, Vassilev leads the organization’s work in Bulgaria. Kroum Vassilev at Profine Energy Bulgaria is involved in projects intended to make a meaningful environmental contribution through commercially structured renewable energy development. The role requires direct participation in project activity rather than advisory involvement alone.

As Principal at Enevlo, Vassilev works across the full renewable energy project lifecycle. The company’s responsibilities include planning, financing, constructing, and operating power plants and energy storage systems in Bulgaria and the broader Southeast European region. Kroum Vassilev’s work at Enevlo connects financial planning with the operational stages required to move infrastructure projects forward. Energy storage forms part of that work alongside power generation, providing another component of the company’s clean-energy activity.

Vassilev also serves as Operating Partner at Nebula Purple, an early-stage venture capital firm focused on Southeast Europe. The firm works with startups in deep tech, green energy, fintech, and artificial intelligence. His responsibilities include assisting portfolio founders with fundraising, strategy, and operational growth. Kroum Vassilev’s regional leadership therefore spans both infrastructure development and early-stage company building, with each role grounded in active work across capital, planning, and execution.

About Kroum Vassilev

Kroum Vassilev is an entrepreneur working across technology, renewable energy, venture capital, and real estate. He serves as Managing Director of Profine Energy Bulgaria, a joint venture between Profine and Wirth Gruppe; Principal at Enevlo, which works across power generation and energy storage projects; and Operating Partner at Nebula Purple, an early-stage venture capital firm focused on deep tech, green energy, fintech, and artificial intelligence in Southeast Europe. Additional information is available through Kroum Vassilev’s official profile.

Media Contact

Organization: Kroum Vassilev

Contact Person: Kroum Vassilev

Website: https://kroumvassilev.net/

Email: Send Email

Country: Bulgaria

Release id: 49684

The post Kroum Vassilev Leads Energy and Venture Work Across Southeast Europe 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

file

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

Press Release

HIVE-X Introduces Blockchain Infrastructure for Digital Asset Management and Real-World Integration

Published

1 hour ago

on

October 6, 2026

By

Philippines, 6th Oct 2026 – HIVE-X has announced the development of its digital asset infrastructure built on the BNB Smart Chain, designed to connect blockchain-based technology with digital wallets and real-world payment systems.

Rather than focusing on speculative trading, HIVE-X aims to build a practical technology ecosystem where its utility token, HVX, powers asset management, digital wallet services, and integrated payment solutions.

The core objective of HIVE-X is to bridge the gap between decentralized asset protocols and everyday digital transactions through a unified framework combining the HIVE Wallet and payment card API infrastructure.

Advancing Blockchain Beyond Storage and Transfer

HIVE-X is engineered around the principle that digital assets must evolve beyond simple storage and peer-to-peer transfers to support practical everyday utilities.

The HIVE-X architecture integrates several core components:

  • HIVE Wallet Integration: Serving as the central gateway for digital asset management.
  • Payment Infrastructure: Connecting supported digital assets with online and point-of-sale systems.
  • Asset Management Solutions: Providing real-time portfolio analytics and secure transfers.
  • Ecosystem Expansion: Partnering with international service providers to broaden utility.

Through this structured approach, HIVE-X establishes a secure environment for users to manage digital assets while expanding real-world transaction capabilities.

Integrated Digital Payment Solutions

A central component of the HIVE-X ecosystem is its planned crypto card integration. The underlying infrastructure connects user-managed digital assets with standard payment environments, enabling supported digital assets to be processed for physical and online merchants.

The payment system pilot currently supports USDT-based transactions, with real-world payment processing tests successfully completed. Technical development is currently underway to fully integrate HVX into the card funding and payment processing network.

Specific operational parameters, including supported jurisdictions, transaction limits, and partner arrangements, will be released as compliance and technical integrations are finalized.

HIVE Wallet: The Ecosystem Gateway

HIVE-X is actively developing HIVE Wallet, a dedicated application designed to serve as the main interface for the entire ecosystem.

The wallet will support BNB Smart Chain-based asset management, secure token transfers, portfolio tracking, and integration with payment card services. Planned features include market price tracking, transaction history logs, and support for multi-chain digital assets in subsequent development phases.

The long-term objective is to provide a single, unified interface where users can seamlessly manage digital assets and interact with global payment services.

Technical Architecture and Phased Roadmap

HVX operates on the BNB Smart Chain under the BEP-20 standard with a fixed total supply of 100 billion tokens, designed to maintain ecosystem stability.

HIVE-X is pursuing a structured, phased roadmap:

  1. Infrastructure Establishment: Initial deployment of HVX on the BNB Smart Chain.
  2. Platform Development: Launch of HIVE Wallet and expansion of international partner networks.
  3. API Integration: Connecting payment card infrastructure with wallet services for broader adoption.

By combining dedicated software, payment card APIs, and a scalable network architecture, HIVE-X continues to develop solutions that connect digital assets with modern financial technologies.

For more information about HIVE-X and its technology ecosystem, visit the official website at https://hvxglobal.com/. 

 

About HIVE-X

HIVE-X is a blockchain technology platform built on the BNB Smart Chain, focused on connecting digital assets with real-world payment infrastructure. Through HIVE Wallet and integrated payment solutions, HIVE-X develops practical systems for digital asset management and everyday transactions.

Media Contact

Organization: BAYANIHAN TECH, INC.

Contact Person: HIVE-X Communications Team

Website: https://hvxglobal.com

Email: Send Email

Country: Philippines

Release id: 49669

The post HIVE-X Introduces Blockchain Infrastructure for Digital Asset Management and Real-World Integration 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

file

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us