AMA with Uniarts
On the 2nd of September, 2021 at 14:00 UTC, Decentralized Club had the honor of hosting Ms. Cherry, Chief Marketing Officer from the UniArts Team for an Ask-Me-Anything session on their Telegram page with a community of over 30,000 people. It was hosted by DC Admin, May.
The session was divided into four segments. Introductions were made in Segment 1, questions from the Twitter and website community were answered in Segment 2 and 3 respectively, and live questions from the community members in attendance were answered in Segment 4.
If you missed this event and would like to know what UniArts is all about, you can find a recap of the interview here. Note that slight edits have been made for clarity.
Segment 1 - Introduction
Hello, 大家好, नमस्ते, Selamat!
My name is May and I'll be hosting the AMA with UniArts.
Today, we have with us a guest from the UniArts Team.
You're welcome and it's an honor to have you here.
Glad to be here for the AMA!
Excited to have you!
Could you quickly tell us more about yourself and your job description at UniArts?
I'm Cherry, CMO of UniArts
Let's take some project introductory questions.
Q1. What Is UniArts and how does it work?
UniArts is a decentralized incubation system for creators and art collectors. UniArts is a blockchain network developed with Substrate which provides NFT infrastructure, community voting incentives, DAO curation, and art grants, with an end goal of the democratization of art.
UniArts builds a decentralized NFT gallery to not only feature established artists but also to serve as a platform to exhibit and promote artwork that is loved by the community.
For creators: Create NFTs with your work and bind with curators (validator) nodes. For community appreciation: staking UARTs and voting for preferred NFTs.
Both will be rewarded by UniArts’ token economy, with the most popular works receiving extra grants and support. Powered by Substrate, UniArts’ NPoS mint portion of the block helps reward NFTs that bind with validators by their creators. NFT owners may choose to pin the NFT on their address to receive UARTs. Nominators vote for NFTs instead of nodes to gain staking rewards.
Q2. What is UniArts' ultimate goal? And How is UniArts different from other NFT platforms?
Q2：Our ultimate goal is to provide the sort of NFT infrastructure, community voting, DAO curation, and art grants that allow for the true democratization of art.UniArts' focus and goals vary from the majority of NFT platforms.
We are all about voting, selecting, and incubating hidden gem artists and promoting their appreciators to trade and discover more of them.
Established artists will also find great value in UniArts, though they are not the main focus, which is another unique aspect of our model.
3. How will UniArts help creators?
Helping creators is one of our key missions, so I am glad you asked. We hate that the artwork market is currently being monopolized by so few contributors.
It is a shame to see so many talented artists being rejected by galleries and their works underestimated.
In UniArts, artists don’t have to sell their works, being loved by people and being voted in will receive a reward as well as a chance to receive art grants and get listed in offline curation.
4. Is there any marketing plan for UniArts?
This is a good question. We are co-organizing an event with Crypto Art Panda-themed "Vote for The Best CryptoArt", which will last until September 4th.
The event aims to simulate UniArts Network around NFT customization in the NPOS economic model, users vote for the works of artists participating in this event, select the top-ranked works, and reward the selected artists and users, to allow users to approximate the UniArts Network economic model in advance.
All the artworks participating in this event will be exhibited on the land of Crypto Art Panda's cooperation in Metaverse (Cryptovoxels and Decentraland).
At present, 9 plots have been exposed with UniArts and Crypto Art Panda cooperation posters. You can click
(Https://docs.google.com/document/d/1sD6gncLWzAQHVPXNp___fOD364ICNNod3jdTqsyzNrg/edit#heading=h.am1j95nw5ftn) View specific location information.
Last week, We danced and took photos together at the location with the UniArts and Crypto Art Panda cooperation posters. UniArts officially released the dancing video on Twitter and received the reposts and likes of Cryptovoxel.
We will hold many such community activities again in the future, welcome to join us！The total bonus of this event is as high as 5000USDT.
At present, it has been confirmed that as many as 50+ artists have participated in the event. The Metaverse plot has solicited 10 exhibition halls. The specific event rules can follow UniArts official Twitter and Medium.
Telegram News: https://t.me/uniartsnews
5. Can you introduce the relationship between Crypto Art Panda and UniArts Network?
Let me introduce Crypto Art Panda first. It was initiated by the Metaspace Expedition Community, aiming to promote Chinese crypto art to the world. Most of the community members of the Metaverse Expedition Team are KOLs in the blockchain industry, crypto artists, and users who are very passionate about Metaverse.
In addition to launching the "Vote for the best crypto art" activity with UniArts Network, Crypto Art Panda will also include innovative ideas such as Panda-themed artwork creation, offline music festivals, and collective creation of Panda-themed NFT works.
CARL CHEN, COO of UniArts Network is one of the members of Crypto Art Panda. This "Vote for the best crypto art" event was planned by him and coordinated with the implementation of both parties.
UniArts Network is the first time cooperation with Crypto Art Panda, and there will be more in-depth cooperation in the field of crypto art in the future, and all interested friends are welcome to join us！
Let us take some questions from our Twitter community.
Segment 2 - Twitter Questions
Q1. #UniArts consensus utilizes NPoS that is driven by NFT creation and appreciation. So can you explain what UniArts' NPoS mechanism is and how it works?
Twitter Username: @Wormz29
UniArts’ consensus utilizes NPoS that is driven by NFT creation and art appreciation. UniArts’ NPoS mechanism requires creators to mint NFTs with their works and bind their address with a running node to become the validator candidate.
Holders of UART tokens can nominate preferred NFT validators and earn additional UART in the process.
UniArts’ NPoS mints a portion of the block reward into NFTs, which bind validators and creators. NFT owners may choose to pin the NFT on their address to retrieve UARTs. Nominators vote for NFTs instead of nodes to gain staking rewards.
Q2. How much pumping do you expect in 1 year?
Twitter Username: @truongtran0305
100m initially, 5m in initial circulation，<30m circulation for the first year, 15% annual inflation, hard cap 250m
Q3. Where can I buy your tokens now? What is your current contract, and how can I buy it and what are the benefits???
Twitter Username: @Clarieislam
You can buy UART soon! Our current contract: 0x507bde03a87a6aa134d16634545e3d79c11c137d. Please follow us on Twitter and wait for the official announcement.
Segment 3 - Website Questions
Q1. Can you explain to me the economic model that UniArts is building? How does it work? How do owners and artists benefit from the UniArts network? Can they use UniArts tokens to stake and vote on artwork?
Telegram Username: @binhdoco
The native digital cryptographically secure token of UniArts (UART) is a transferable
representation of attributed governance and utility functions specified in the protocol/code of
UniArts, and which is designed to be used solely as an interoperable utility token on the
network In UniArts
people need to “staking” UniArts token, UART, to vote for an artwork. Staking and voting won’t cost any tokens, but they will lose at least 28 days of liquidity, which means people can not transfer or sell their tokens during this period.
So in a way, there is a potential cost for every vote. This would provide further Inspiration for people to collect your work because they can choose to pin the NFT on their address to retrieve tokens.
If you want to keep your work, just pin the NFT with your own address. For artists, all they need to do is mint their artworks with UniArts, and be ready to be voted. Once started, the more votes work receives, the more tokens will be minted into the NFT of work.
Good to know!
Q2. I have read your documents and website, my question is, what is your relationship with the mobile app called “Onigiri Mikoshi”? What kind of partnership do you have with this company? Does the collaboration bring add-value to both parties?
Telegram Username: @Jmagsss
Onigiri Mikoshi is a mobile app that supports NFT trading with fiat money, which is currently in official business operation. UniArts only provides tech support for this APP.
It's now time to take questions from our live audience.
In this 4th segment, I will open the group for some seconds for the live community to shoot you some pressing questions.
Please pick four original questions to answer.
Try to ignore generic, vague, and copy-paste questions 😊
---Chat was then opened for the live community to send in their questions---
Segment 4 - Live Questions
Please tell me the type of revenue tokenomics in place for the artists on UniArts? And why the need for voting? So who can vote?
Staking and voting won’t cost any tokens, they will be rewarded some tokens for their staking and votes. If the artwork is sold after the vote, they will be rewarded extra tokens, the higher the price, the more the token will be rewarded.
Could you explain why UniArts is an NFT ecosystem that has been developed in Substrate? why prefer it rather than being directly developed on the main Eth or Bsc network?
UniArts' major functions are achieved by NPoS voting and on-chain governance which is aided by Substrate's development. It also pairs nicely with other facilities which were developed with Substrate, such as Crust, which handles decentralized content storage, a must-have for NFT connoisseurs.
Can you tell us what will be the benefits of using and holding your token in long term, what are your token utilities?
And can you please share your ROADMAP, which EXCHANGE is available on and where can we buy it. ?
We are planning IDO now, the time and place are not confirmed yet. Please follow us on Twitter and wait for the official announcement.
Can you shed more light on DAO curation and how it relates to UniArts?
How is UniArts unique to other NFT platforms?
UniArts' focus and goals vary from the majority of NFT platforms. We are all about voting, selecting, and incubating hidden gem artists and promoting their appreciators to trade and discover more of them. Established artists will also find great value in UniArts, though they are not the main focus, which is another unique aspect of our model.
Thanks to all！FOLLOW US!!
Telegram News: https://t.me/uniartsnews
Aaaaaaand it's a wrap! 🎉🎉🎉
Thank you for your time Ms. Cherry 🍒
It was great learning about your project.
Dear community, please follow the necessary pages above to be eligible for your $5 rewards!
Any closing remarks for our community?
Thank you everyone for supporting UniArts! Looking forward to more cooperation in the future!!!
Our regards to the rest of the team!
Until next time, have a great day.
The AMA with UniArts is now over.