Art Definance exceeds 10 billion won in 6 weeks through seeding

Art Definance exceeds 10 billion won in 6 weeks through seeding


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Art Definance exceeds 10 billion won in 6 weeks through seeding

Art DeFinance achieved great results by building a Web3 art infrastructure based in Switzerland. In particular, after Art DeFinance launched Seeding, an artist sponsorship platform, the cumulative participation amount exceeded approximately 10 billion won in just 6 weeks.

Based on these achievements, Art DeFinance signed an exclusive partnership with Arshexa, the largest storage facility at Incheon Airport. As a result, Art DeFinance achieved success in various fields.

Seeding is a protocol that supports artists by staking (depositing) Art DeFinance's own token, $ADF, so that users receive compensation for their support and artists raise funds to continue their art work. Through this novel system, Art DeFinance is rapidly accumulating participation funds through seeding.

Art DeFinance currently has more than 50 partner artists, and these artists are active in various fields. For example, treeskultown is a member of ArtCrush Gallery and NFT Factory and a French GIF artist at BrawHaus, as well as plastic artist Mo Jun-seok, whose works have been exhibited at the National Museum of Modern and Contemporary Art, Asakura Sculpture Museum, American rapper 50 Cent, Meek Mill, Glorilla, and others. INVSBL, a stage video producer and graphic designer who worked with R&B artist Omarion, and Jun.K, a media art curator and artist who has been exhibited at Art Basel and the New York Times Square billboard, are participating.

The number of users exceeded approximately 5,640, and a total of 139,821 $ADF (worth approximately 440 million won) were distributed as rewards to users who participated in seeding for a week from the 24th to the 31st of last month. In addition, the ‘Platform Launch Boosting Event’ is in full swing, and an event is currently being held where a prize of $90,000 ADF will be paid out three times.

Art Definance is active in supporting artists' artistic activities, including offline exhibitions as well as Web3. We successfully completed a collaborative exhibition with the Seoul Design Foundation (DDP), participation of numerous exhibition party supporters, and the ‘MINT IT’ exhibition with Ion Studio, a web 3.0 creative specialist. In addition, we are also holding an ‘Artist Call’ event with KOLLECTOR, which has a pool of 300 artists.

An official from Art DeFinance said, “In order to resolve the entry barrier to Web 3, we are focusing on coins and RWAs based on real world assets that tokenize traditional assets such as artwork and gold based on blockchain technology. “We will take on a wide range of business categories,” he said. “We will continue to think about products and services that focus on providing many promotional opportunities for artists and convenience and compensation for users.”
Source - www.investing.com

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