The Art.army network is a recently launched NFT marketplace based on the Binance smart-chain to provide ample opportunities for artists. Generally, the platform has vast services for collectors, investors, art fans, and gallerists.
Art.army’s decision to use the Binance smart-chain as the hub was due to the increasing issues in the Ethereum network. Ethereum, which has served for several years as a smart-contract platform, is facing severe scalability issues. Moreover, the gas prices have in the past months been surging.
However, the BSC option offers scalability and lower fees. Therefore, Art.army users will pay favourable fees to the BSC and enjoy superfast and reliable services. At Art.army, artists, gallerists, and collectors will freely interact by leveraging the Art.army marketplace.
The Auction and Marketplace Feature
Art.army is implanting a new NFT marketplace to help auction and sell the NFT created within the platform. All artists can be part of this great marketplace by filling in the necessary application.
Social media channels are giving more information on how to apply to be a marketplace participant. Moreover, a team of experts will contact the chosen candidates.
The chosen artists will have the freedom of mining NFT tokens, be it videos, audio, and images. All mined NFTs are auctioned at the best price possible as decided by the artist.
Once an auction is live, the bidding process for owning the NFT will commence. Accordingly, the users will bid as from the last highest bid, and each bid will carry a fee of $0.2. The highest bid after the auction ends will win the bid.
Generally, this marketplace will allow artists to display different qualities and formats of their works including, 3D and 2D versions. By providing options to users, the Art.army platform eases the creation and selling of Art.
Since Art.army is based on the Binance smart-chain, participants in the marketplace will pay the network fees. Artists and content creators are part participants in a new business model that helps them market their work.
Currently, many valuable items gain value because of their long-term reputation. For instance, an item like gold has gained its value, not because of its significance but because of reputation.
The idea of society valuing products and services based on reputation is also common in Art. For instance, Art that comes from reputable people always gets a high value. However, Art.army is redefining the art valuation.
Art.army will not base the value of the artwork on reputation. Instead, Art will be owned and sold to persons who truly see their value. The artists in the Art.army network will gain full recognition for their work.
Art.army: For Artists and Fans
Art.army will offer educational opportunities to help market the NFT and blockchain world. This platform will help educate users by providing crypto-related content and personalized tutorials for the artists using the platform.
Accordingly, Art.army will allow the average user to learn more about the artists in the network. Art.army will provide more information about the artist, including reviews, bio, interviews, etc. Therefore this platform will help at marketing both the artwork and the artists behind it.
Art.army has its native token ART that helps in powering up the entire platform. This BSC-based token will provide users with multiple utilities, including the platform’s governance. The token holders can vote on any proposals given for the network.
The total supply of the ART token is 100 thousand, and the platform has already burned 58 thousand ARTs tokens. The current circulating supply of the ARTs token is 42 thousand.
Art.army NFT network has two wallets. It has a deployer wallet used to provide liquidity in decentralized exchanges. The second wallet option is the burning wallet, which has 2 thousand ARTs put aside for burning. Accordingly, 8 thousand ARTs are going to be used for the team and marketing.
The old holders of the ART token will have more privileges than the new holders since they will attend the opening of the Art.army marketplace. Persons holding more than 200 ART when the platform launches are entitled to receive NFT tokens freely. But where can a user purchase the ART token? Currently, the tokens are sold on the BSC-based PancakeSwap Dex, which offers vast opportunities for exchanging tokens. You can visit the page and enjoy the rewards.