NFT
LiveArt, an online platform for art trading and analysis, will soon launch its LiveArt X Card. The non-fungible token (NFT), which grants holders exclusive curated artwork, token-gated communities, and market insights powered with artificial intelligence (AI), is a non-fungible token.
The platform was created by ex-executives from Sotheby’s as well as Christie’s. It offers market insight and art pricing data to its users, along with live auction streaming or peer-to–peer art trading.
The LiveArtX Card integrates Web3 in art-collecting. It provides holders with free access to the digital art market, airdrops, access to LiveArt AI-generated artist insights, rewards and a ART token. VIP access is also available to real-world events. The platform’s ART token can be used to purchase digital and physical art.
LiveArt claims that its NFT membership card was created to end speculation and flipping of NFTs by encouraging collectors not to sell their art.
LiveArt posted a medium post saying that the traditional art world understood long-term value and yet, much of digital art still rugs itself. The LiveArt X Card protects the new breed digital collectors from fraud, scams and flips while also granting them exclusive access to new digital artworks.
The Ethereum-based collection is available for pre-sale starting on April 4, and the public sale on April 5. The total number of editions will be 3,500.
LiveArt launched the LiveArt X NFT platform on April 20, 2022. Investors include Binance, KuCoin Labs, Animoca Brands and many others.
NFT marketplaces continue their battle for market share during an extended crypto-winter. As a result, the market caters more towards investors than artists or creators. Some platforms have introduced features that encourage long-term collecting and refocus attention on NFTs being art. SuperRare’s NFT marketplace launched RarePass in November. It offers curated crypto art once per month and airdrops it to its subscribers.