DeNations Art Chain includes major virtues of blockchain, such as decentralization, infinite connection, and scalability. Art series which share the same theme are issued as DeNations Art NFTs and grouped into one Art Block, only when DeNations Art Committee reaches a consensus.
DeNations Art Chain seeks to build a sustainable ecosystem that enables talented artists to focus on producing their NFT artworks without worrying about complicated blockchain technologies and encourages both collectors and investors to easily purchase their high-quality and valuable NFT artworks.
Artists who produce DeNations Art NFTs and participate in DeNations Art Committee.
The DeNations Art Committee consists of the DeNations Artists, the DeNations Team and the DeNations Community, and has two functions. First, DeNations Art Committee is able to select new artists who are responsable for the next Art Block through consensus. Second, the Committee is able to assign the Art Index of the next Art Block NFTs.
As mentioned above, Art Block is a series of DeNations Art NFTs that share the same theme, issued only when the DeNations Art Committee comes to agree.
When owners register DeNations Art NFTs in the National Art Museum, they will receive a token reward(in DENA) depending on the Art Index and the registration time.
For the first year of DeNations (until 2021 Dec 16), Minimum of 500 DENA/week (DeNation Fund may add more to the Art Farm) will be allocated to Art Farming. People will share the above amount in proportion to the registered Art Index & registration duration. Expected APR (Annual Percent Rate) can be calculated as below, assuming 1 Art Index = 1 USD value.
When owners register DeNations Art NFTs in the National Art Museum, the total DGDPs of the specific nation will be increased. How Art Indexes affect DGDP will be revealed in detail at the time of the National Museum release.
Virtual museum where DeNations Art NFTs can be registered and exhibited; each nation has its own National Art Museum.
The Art NFTs displayed in the national museum is exposed to users and receive public love and attention from users.
The Art NFT's levels can be upgraded when Experience is accumulated. As levels go up, the Art Index increases. The level starts from 0.
Experience of an Art NFT is increasing as getting more public love and attention and as accumulating the registration time. When reached the maximum Exp point, the level goes up.
A rate that NFT accumulated experience per day, when it is registered at National Museum.
Experience speed can be boosted by various factors such as art frame, exhibition slot of the museum.