Decentralized Club AMA with Artic Foundation

On the 9th of June, 2022 at 8:00 UTC, Decentralized Club had the honor of hosting Ye Seul Park (Head of Strategic Planning) from Artic Foundation for an Ask-Me-Anything session on their Telegram page with a community of over 100,000 people. It was hosted by DC Admin, May.

The session was divided into three segments. Introductions were made in Segment 1, questions from the Twitter and website community were answered in Segment 2, and live questions from the community members in attendance were answered in Segment 3.

If you missed this event and would like to know what Artic Foundation is all about, you can find a recap of the interview here. Information here should be researched and should not be taken as investment or financial advice. Also note that slight edits have been made for clarity, and links in this recap lead to images, documents, or other media.

Segment 1 — Introduction

[May]

Hello, 안녕하세요, नमस्ते, สวัสดี, Selamat!

My name is May and I’ll be hosting the AMA with Artic Foundation.

ARTIC is a blockchain-based Art Gallery Platform, which empowers its own NFT ecosystem to assetize the art masterpieces. The application of the blockchain serves as a core point to foster the reconsideration of the perception of artworks by providing tangible and intangible services that can lead to the exhibition of domestic and foreign artworks and further impact the activation of the exchanges with artists around the globe.

@Artic_Chat

We have a super representative from the Artic Team today — here to tell us all about the project!

Decentralized Club, with cool emojis, please welcome our guest, Ye Seul Park 🥳

[Ye Seul Park]

Hello everybody!!❤️

Thank you for your warm welcome May

It is great to be here with you!

[May]

My pleasure! We’re excited to have you here, Ms. Park.

How’s your day going?

[Ye Seul Park]

Doing well, thank you for asking

😇 How about you?

[May]

Awesome! I’m doing great Ma’am. 🥳

Can you please introduce yourself to our community and tell us your role at Artic?

[Ye Seul Park]

Of course! My name is Ye Seul Park and I am the Head of Strategic Planning in our lovely Artic Foundation team

[May]

A beautiful role for a beautiful guest! 🥳

We will also have a beautiful session, I can tell 🥳

[Ye Seul Park]

Sweet 😍

[May]

We will now take the introduction questions!

Can you tell us about Artic Foundation and the inspiration that got it started?

[Ye Seul Park]

For years our team has been working with artists and galleries around the world. As the art industry keeps growing the demand and supply are also expanding every year. To keep up with the market’s constant growth and to increase efficiency of how we work, we decided to create a platform where thousands of users can use it without our direct interconnection.

ARTIC Foundation was an inspiration for NFT asset-based art gallery platform that utilizes blockchain technology. We hoped that it would lead users to reconsider their perception of what art is. It will provide both tangible and intangible services that will lead to an active exchange of ideas between artists around the world. Also, we wanted customers to be able to purchase art as easily as possible without traveling to a specific country to visit any galleries.

[May]

A perfect introduction!

What innovative solution is Artic Foundation bringing to topple its competitors with similar offerings in the Art and NFT sector?

[Ye Seul Park]

NFT marketplaces gained popularity just a couple of years ago which means that the industry is constantly keeping up with innovations and new technological attributes. ARTIC Foundation brings 2 innovative solutions that none of the existing competitors have. First is the AI Center. At the AI Center, art consultants recommend various works of art to consumers based on their expert opinion. ARTIC uses artificial intelligence to analyze consumers’ tastes in art and automatically curates and classifies the art by pattern, price, and size.

Second is the D-Book solution. D-BOOK is a smart digital publishing solution for brand managers concerned with effective digital marketing, content creators burdened with website production and companies that want to advertise quickly. With D-Book users can see how effective their promotional activities are through real-time performance reports.

[May]

AI Center and D-Book! Impressive features.

[Ye Seul Park]

Thank you!

[May]

Can you tell us about your native token (ARTIC) and its utilities?

[Ye Seul Park]

ARTIC is an Ethereum-based utility token that can be used within the ARTIC’s ecosystem. ARTIC tokens can be purchased on the listed cryptocurrency exchanges or acquired as reward units by performing certain activities on ARTIC platform. ARTIC tokens can be used to pay the platform fees, and to pay for additional functions that can only be used by users who hold a certain number of ARTIC tokens. Consumers, writers, and advertisers contribute to the increasing and maintaining the value of ARTIC tokens by utilizing the ARTIC platform and engaging in various economic activities within the platform.

[May]

The token has strong utilities as expected!

Where is ARTIC trading?

[Ye Seul Park]

Currently on top DEX — Uniswap and 2 top-tier exchanges — MEXC and Bittrex Global

[May]

That is great!

Let’s switch things up with a personal question!

What’s YOUR favorite feature of Artic?

[Ye Seul Park]

Meta Exhibition is my most favorited part in ARTIC 🥰

[May]

🥳

Can you tell us a little about it?

[Ye Seul Park]

Happy to do so! Basically, ARTIC provides a virtual space where users can vividly experience artwork from various perspectives in 360°, regardless of time or space. we have specially photographed distinctive, real spaces to develop the Meta Exhibition into a unique metaverse. This means that artists who have not been able to hold individual exhibitions in the existing art ecosystem will now be able to introduce their artwork directly to the public through ARTIC’s 360° panoramic Meta Exhibition. Additionally, the 360° panoramic Meta Exhibition will allow the public to enjoy realistic exhibitions free of charge.

[May]

This is a beautiful feature! I am visualizing it already!

[Ye Seul Park]

😉

[May]

It is good news for artists looking for the best virtual exhibitions!

And it’s free? A round of applause for the whole Artic Team!

[Ye Seul Park]

Absolutely free!

[May]

https://t.me/decentralized_club/847986

Please give us a summary of your Q1 and Q2 2022 highlights and what major news should we look forward to from the Artic Foundation in Q3 of 2022?

[Ye Seul Park]

In Q1 and Q2 our team was mostly focused on the development of Artic Foundation Marketplace and AI features. The technical development is ongoing at a promising pace and according to our technical roadmap, we will be able to launch Artic. Also, ARTIC Token was recently listed on 2 top exchanges which are MEXC and Bittrex Global. For the upcoming Q3, we have prepared some decent announcements which I cannot disclosure now🙃

[May]

Looking forward to more exciting news from your project!

Let’s now move on to the Twitter Questions Segment

[Ye Seul Park]

Alright!

😇

Segment 2 — Twitter Questions

[May]

If I want to participate in the Meta Exhibition, what are the conditions that must be met? Is there a KYC method on Artic? What about the financing system? Is there an upfront payment or is a fee charged for each piece sold only?

Twitter Username: @Lavana2016

[Ye Seul Park]

Absolutely no KYC is needed! ARTIC provides a virtual space where users can vividly experience artwork from various perspectives in 360°, regardless of time or space. Any user or artist can use Meta exhibition without any KYC process. Although Meta Exhibition is free for users, there is a little fee for artists.

[May]

👏🏻👏🏻👏🏻

Talking about NFT at the Artic Foundation, can you explain more about the utility of this NFT on your platform? Are they meant to be kept as simple collections or will they have an added benefit? And will you have your own marketplace to buy and sell NFT Artic Foundation?

Twitter Username: @themiracleboy0

[Ye Seul Park]

To start with, artists can create NFTs and store them in their personal wallets with Artic Foundation. NFT owners can then trade their NFTs on the Marketplace. If necessary, users can create their own works of art as NFTs and register them on the NFT Marketplace. Alternatively, they can request artists make a work of art for them specifically. NFT technology is applied to the artworks produced at this time so that value and ownership can be protected. So, NFTs can be traded directly from users’ personal wallets using smart contracts, which means that they do not need a separate contract to trade works of art.

Users can search for works of art by categories such as theme, color, shape, size, and purchase price. Artists can increase their brand value and create additional income through exhibitions on large digital screens or collaboration with art consultant companies, and sales of their copyrights.

[May]

👏🏻👏🏻👏🏻

ARTIC is an NFT asset-based art gallery platform that uses blockchain technology. I’ve read that in the case of Digital Art, w/c is attracting increasing attention from the market, ILLEGAL TRANSACTIONS continue to be a problem. So I just want to know how do you solve such issues?

Twitter Username: @Wormz29

[Ye Seul Park]

Indeed illegal transactions have been one of the major issues in the art industry. However, with the introduction of NFT and blockchain technology transparency became the solution for illegal transactions of art. In the Artic Foundation, we are striving to fully eliminate any illegal transactions of any art pieces with the integration of blockchain transparency features.

[May]

👏🏻👏🏻👏🏻

I learned that the ARTIC Team plans to use blockchain technology to solve problems such as COPYRIGHT INFRINGEMENT, COUNTERFEITING, and PROVENANCE. So with these obstacles, may you explain what missions #ARTIC will present to address those challenges?

Twitter Username: @Wormz29

[Ye Seul Park]

Up to this moment, physical art has been clearly articulated by galleries or dealers, and they could afterward reward artists. On the other hand, digital artworks have unclear ownership, properties, and provenance, making it difficult for related artists to receive compensation in the market. Our team plans to utilize blockchain technology to solve problems such as copyright infringement, counterfeit issues, and provenance, which are chronic obstacles that hinder the growth of the art market.

ARTIC presents three primary missions to address the above-mentioned challenges:

- Consumers should be able to produce or request the relevant art pieces and purchase them without the involvement of the brokers in the process.

- Any Artist should be able to display his or her work in a virtual space regardless of time and place constraints, and also sell the ownership of their artwork, which is protected by the NFT.

- Art consultants should be able to connect consumers and writers with professional views regarding their artwork and receive rewards for their activities.

[May]

Yes! We support this!

Many projects die because they are not understood by people. Is community feedback considered when creating and developing the project? Has the feedback been positive or negative to date?

Twitter Username: @Saddi199998

[Ye Seul Park]

Thank you for your kind question! ARTIC Foundation was born as a solution for the people in the art industry. As our team consists of highly experienced IT developers/ Art Consultants/ Designers and other professionals with an average of more than 20 years of experience in their own fields we know the industry inside-out and all pain points that should be addressed. However, there is always a need to make changes and listen to users’ feedback. That is why we will run feedback sessions with our community members once we launch a finalized meta exhibition with the marketplace. Now you can have a look at the BETA version and leave your feedback in the community where our team will respond to you.

[May]

Yes, guys, you can leave your feedback in @Artic_Chat

It’s now time to take questions from our live audience!

I am excited! We have a special feature today.

[Ye Seul Park]

Let’s start liveeee🔥🔥🔥

[May]

In this 3rd segment, I will open the group for some seconds for the live community to shoot you some pressing questions.

Please pick original questions to answer from this chat.

Try to ignore generic, vague, and copy-paste questions 😊

AMA Rules for the community

https://t.me/DC_Court/22754

[Ye Seul Park]

Gotcha!

[May]

You said your favorite Artic Feature is Meta Exhibition right? 🥳

[Ye Seul Park]

Yes

[May]

Dear community, as a measure to deter bots and reward hunters, please include the guest’s favorite Artic Feature in your questions along with a blue heart emoji 💙 so the guest can tell the original questions apart!

DO NOT TAG THE GUEST

[Ye Seul Park]

Yes!

— -Chat was then opened for the live community to send in their questions — -

Segment 3 — Live Questions

[May]

Dear guest, as a measure to deter bots and reward hunters, your favorite Artic Feature along with a blue heart emoji 💙 has been included so you can tell original questions apart!

Please prioritize such questions 🥳

[Shiva]

Why did you build the platform on Ethereum Chain?

What benefits does it possess over other popular chains?

Can you list its main benefit over other public chains?

Meta Exhibition💙

[Ye Seul Park]

Hi Shiva! Let me answer your first question. Choosing the mainnet is one of the most important steps for our development. We decided to launch our project on Ethereum because Ethereum is considered as the most secure mainnets. We have witnessed how more centralized mainnets have DoSs attacks and failed to sustain security. That is why we prioritize our user’s security first

[Anastasia Vector]

How can Artists enjoy benefits and various opportunities on the Artic Platform?

What can new users do in the place?

Meta Exhibition 💙

[Ye Seul Park]

The artists can create their NFT items and demonstrate them to their target group utilizing our Meta Exhibition. We allow the artists and IP holders to maximize their reach to their user-base through our platform utilizing all the customized features, such as Meta Exhibition, D-Book, and NFT Marketplace.

[May]

So many good questions 🥳

[Ye Seul Park]

Indeed!

[CloudJumper]

Hello, can photographers make use of the Artic ecosystem? I see that there are provisions for artists and creators alike

🔔🔔🔔🔔🔔🔔

Meta Exhibition 💙

[Ye Seul Park]

For sure! Art is what people give value to. For our team Art can be more than traditional paintings which include photographs too. The only thing is the photographers have to turn their photos into NFT first❤️

[May]

🥳

[Nim A’dool]

Meta Exhibition 💙

Do you have any training programs for artists and digital creators on Artic to use your platforms?

[Ye Seul Park]

We are working on the incubation feature of Artic Foundation. The Artic’s incubation will be a newly added feature to the platform and will work with top artists around the world. Also, we are working on an algorithm by which the most visited and viewed exhibition will be added to the whitelist and can get some kind of help from our team in terms of marketing and advisory

yeah! a lot of great questions😇

[Atharv]

I want to know more about the AI CENTRE. Why has it been made?

Please tell me how it would help the artist?

Meta Exhibition 💙

[Ye Seul Park]

ARTIC uses artificial intelligence to analyze consumers’ tastes in art and automatically curates and classifies the art by pattern, price, and size. Consumers can create their own works of art using ARTIC’s AI Paint tool and share them on SNS. Alternatively, they can ask experts to create those works of art for them. In addition, consumers can display various works of art in a digital space to determine in advance whether the art matches the space well. Artists can directly sell their artwork at the request of consumers. In addition, through art consultants, artists can receive the necessary professional support to host exhibitions or request that the art consultants sell their artwork on their behalf.

[Tommy]

The art industry is really growing in recent times.

Do you think that we will see constant growth in the Art industry in the coming years?

Meta Exhibition 💙

[Ye Seul Park]

Yes! Simply looking at statistics we can see that the online art market is recognized as an important channel that allows most of the artists or specialized workers to connect and meet new art piece collectors over time. In 2017, 53% of art buyers through the online art market were totally new collectors that had never directly participated in the artwork purchase procedures online, and 41% of them were buyers who had never been to an offline auction house.

[May]

Any closing remarks for the community?

[Ye Seul Park]

Hopefully, I answered most great questions ❤️ visit our community channel so we can talk more!

https://linktr.ee/articfoundation

Please visit us on our social media channels!

[May]

Thank you guest for your time with us today!

[Ye Seul Park]

Thank you, May for your hard work😍

[May]

My pleasure 🥰

It was an enlightening session!

[Ye Seul Park]

❤️

[May]

Our warm regards to the rest of the Artic team at the HQ working to make this project a success! 🥳

You are a super project! 🥳

[Ye Seul Park]

Decentralized Club was the hottest community for us:)

[May]

https://t.me/decentralized_club/848181

Until next time, do have a great day 🥳

The AMA with Artic is now over

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