TechFlow News — On October 24, LiveArt announced a proposal for the LiveArt Protocol to the community, aiming to build a fully decentralized art curation platform. The protocol leverages smart contracts to create a self-governing ecosystem for artists, curators, collectors, and the community, incentivizing the creation and dissemination of high-quality artworks. The V1.0 version is expected to launch on the Ethereum testnet this quarter, with an airdrop planned for the community.
The protocol is a native Web3 open protocol supporting NFT curation, allowing anyone or any organization to join and use it permissionlessly. $PAINT serves as the value transmission medium within the protocol, generated by Curators through curating and promoting artworks. There will be 10,000 Curators in total, starting with an initial supply of 2,000 tokens. The protocol will issue 10 Legendary Curator roles, which can accelerate the $PAINT generation rate and are obtainable via auctions for curator positions.
Each Curator initially has five exhibition slots (Slots), with each slot displaying one NFT artwork. Curators can earn rewards by selling $PAINT, using $PAINT to purchase auction items, and continuously increasing their number of Slots to display more artworks.
The LiveArt platform will supply the LiveArt Protocol system with outstanding artists and artworks, collaborating with NFT communities to host exhibitions. According to the published roadmap, the V1.0 version is scheduled to launch on the Ethereum mainnet in Q1 2023, followed by multi-chain support and expansion in Q2. For more details, visit the official Discord community.Original link
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