- CharitiesNFT: A kind of digital-twin NFT, promotes NFTizing physical artwork created by grass-root artists, using Hologram and Holo-DKEY for Crypto-Validation.
- CharitiesDAO: A kind of DANO (Decentralized Autonomous Non-profit Organization) with an ecosystem of charities founders, individual contributors and receivers, project accelerators and incubators. This is building more transparent and efficient decentralized donation chains.
- In a series of article, I will introduce WHITE PAPER of CharitiesNFT and CharitiesDAO and discuss how they work for Canadian Indigenous Traditional Culture and Grass-root Artists as one of the application scenarios of CharitiesNFT.
Can NFT Art Replace Traditional Art?
With the continuous development of non-fungible token (NFT) art as an art industry, a new trend is quickly emerging: physical NFT galleries contain digital, irreplaceable unique works of art. NFT allows grassroots artists or traditional visual art communities seize opportunities to tap into an inaccessible market. Being both grassroots and traditional visual artists, NFT will be great for the Canadian First Nation artists. This article will explain why and how the First Nation artists’ artistic skills in woodcarving, painting, and embroidery can transfer easily over to NFT digital art platform.
High Demand For NFT ART Industry
There is a high demand for NFTs in today’s art industry. Many art traditionalists may question the importance and even necessity of NFTs because they are not “Real”. Many even went on to say that NFT will not replace physical art, just as NFT of baseball card will replace real baseball card. While this is just an opinion from the “Old heads”, I believe that the confusion surrounding NFTs and art values may stem from a lack of understanding. NFTs is an innovation that will open the door for First Nation grassroots artists — it will provide royalties to all artists, galleries and nonprofits equally. There are many traditionalists who do not want to accept NFT as the future art medium. They also fail to realize that NFT can solve the challenges that have plagued grassroots artists, such as collector analysis, asset tracking, royalty collection, collector and insurance company valuation.
Blockchain: The Backbone of The NFT Industry
It is important to point out that the technology behind NFTs — Blockchain. In traditional art industry, the ownership and preservation of artworks often descend into a marsh of confusion. With blockchain, it ensures that the hard work of artists is recognized and preserved properly. Blockchain contains the artwork’s complete provenance and copyright details, with the potential to add a wide range of surrounding information. All transactions are performed and recorded on the blockchain, an NFT’s full transaction history can be audited all the way back to its minting, providing unassailable “on-chain” proof of which party’s claims are legitimate.
In addition, NFTs such as CharitiesNFT are scarcity and rarity, traceability and identifiability, authenticity and non-counterfeited, high-appreciation and up-valuation. It is a kind of Digital-twin NFT special for NFTizing a traditional physical artwork, mirroring only-one-on-one, eternally non-counterfeited.CharitiesNFT in Web 3.0 will be exclusively in accord with one physical artwork in reality world, for eternal identifiability. When this physical artwork is traded in reality world, its pairing CharitiesNFT would be changed ownership in Web3 Metaverse accordingly, and all transaction information would be digital recorded on its pairing CharitiesNFT, for eternal traceability.
In other words, NFT is a direct value exchange, allowing artists to earn a greater percentage of profit as value is exchanged through the blockchain network. Grassroots artists can benefit proportionally as their artworks circulate through the NFT platforms over time, because percentage-based resale royalties can be baked into the terms of every NFT sale. The underlying mechanism of NFT trades is the “smart contract,” a set of commands that executes on the blockchain without intervention once objectively verifiable conditions are met. I think that NFT will be a prefect tool for the First Nation grassroots artists since NFT art allows them to make real-time profits instead of waiting for the gallery to accept their artwork, set a price, and then sell their artwork project.
Many NFT buyers hail from outside traditional art industry circles, and tend to have little interest in established dealers’, advisors’, and collectors’ views on what is worth acquiring or at what price. New, decentralized marketplaces of the NFTs welcome artists independent of the art establishment’s approval. The blockchain art space has potential to “change the game” for First Nation grassroots artists because NFTs are giving voice to the voiceless — “Make sure the grassroots can build the art communities they want to build as they see fit.”
Is NFT Art Industry Just A Hype?
NFTs is not just a hype nor a digital storage of artwork. Blockchain contains the artwork’s complete provenance and copyright details that track all transactions and provides unassailable “on-chain” proof of ownership. Blockchain allows artists unsettled by the prospect of drafting their own agreements and prevent intellectual property disputes.
Also, NFT is a revolution of artwork that will galvanize grassroots artists to radically restructure how the art industry could work if they started from the bottom. The only reason digital artwork fails to gain popularity sooner in recent years is because it cannot be tracked. NFTs changes everything. Like physical art, NFTs are either unique or produced in limited editions. The database consists of unalterable “blocks” of transactions, verified cooperatively by the network. The “non-fungible” aspect comes from the fact that each NFT has a value independent of all others, and each NFT has a “Token” — an unique alphanumeric code recorded on the blockchain.
Will NFT be the Platform for First Nation Grassroots Artists?
I think NFT Art gallery and NFT Artwork marketplace will become a trending platform for the First Nation Grassroots Artists. NFT is essential for the grassroots artist communities, and a growing number of many young artists are embracing this innovation.
A particular NFT, “CharitiesNFT”, based on the technique of Digital-Twin NFT, is one of the best tools for First Nation Grassroots Artists. Any traditional physical artwork can be digitally mirrored and linked to its unique NFT on a specific customized blockchain, embedding scarcity and rarity, traceability and identifiability, authenticity and non-counterfeited, high-appreciation and up-valuation.
Without CharitiesNFT, the original artist’s esoteric craftsmanship, creation process, tradition, and culture are just embedded behind the artwork: Appreciable and collectable values would not be reflected on entity of the physical artworks. With CharitiesNFT, it develops a NFTizing-by-Hologram system of which all hologram 4D information of a physical artwork (Hologram of a physical artwork together with moments or timeline of every creation stages of the original artist) would be digital-recorded to its pairing CharitiesNFT, bringing high-appreciation, scarcity and rarity in both reality world and Web 3.0 Metaverse.
When someone wants to view any moments of parading the physical artwork or markdown any footprints of famous figures on the artwork, they can embody those information in its pairing CharitiesNFT. It would enrich the artwork’s appreciable and collectable values, bringing high-appreciation and up-valuation in both reality world and Web 3.0 Metaverse. No matter where, who and when, once reconstructed by the specific hologram light sources by optical decrypted with homologous 4D informations linking to the CharitiesNFT. Should intellectual property disputes arise, the authenticity of the physical artwork can be verified with the physical art industry as well as the unassailable “on-chain” proof on blockchains.
In conclusion, CharitiesNFT, a system specialized to NFT physical artwork in Web3.0, is an exciting and hopeful prospect for the First Nation grassroots artists. The CharitiesNFT has the potential to promote high-appreciation and up-valuation of those traditional grass-root artists and their physical artworks in the future.
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