What Is ARTM(ARTM)?
The purpose of this ARTM is to provide the reader with a high-level commercial and
technical overview of ARTM and how they are intending to leverage blockchain technologies
such as NFTs (non-fungible tokens) and FTs (fungible tokens) to power a new generation of web applications and content interactions. As with all investments, in particular those involving cryptocurrencies or blockchain technologies, there are varying degrees of risk associated
which may result in financial loss. Every effort will be made to mitigate risk to the highest degree possible in your implementation. Please ensure that you have read this whitepaper in its entirety so that you may understand your implementation methods.
ARTM Storage Key Points
|Circulating Supply||12.30B ARTM|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Cryptocurrency and Value
First, some background on the value of cryptocurrencies. “Successful currencies have six key attributes—scarcity, divisibility, utility, trans-portability, durability, and counterfeit ability. The cryptocurrency bitcoin has value because it holds up very well when it comes to these six
characteristics, although its biggest issue is its status as a unit of exchange as most businesses have yet to accept it as payment.” (3) What they have observed is that cryptocurrencies which remain a “unit of exchange”, heavily derive value by investor speculation.
ARTM This is not to say that speculation is bad, what it is to say is that these “exchange-only” currencies in themselves have little to no utility purpose. Their sole utility is their ability to be exchanged. So, the question is: How do you break into the crypto space and offer something different enough from what is already available? This is where the ARTM platform comes in.
A company primary mission is to build an easy-to-use software platform that can fuel the cryptographic needs of currently untapped markets. ARTM intend to do this by building a robust platform that allows for the leveraging of blockchain technologies, namely Non-fungible Tokens (NFTs), and Fungible Tokens (FTs), by third-party application and game developers. The ARTM platform will provide the necessary tools, infrastructure, and support to unlock amazing new capabilities for new and existing products. They are building the bridge to facilitate the on boarding of traditional and luxury brands with their next storefront; the metaverse.
One of the major issues they’ve identified with the adoption of blockchain technologies is the extremely steep barrier of entry for most companies. The resources required to bring on experienced blockchain developers, provide any necessary training, properly secure hardware tokens, and build out a full blockchain based project is extensive. The purpose of the ARTM platform is to take the guess work out of building new blockchain projects and to help onboard companies wanting to break into these markets, especially NFT development.
NFTS non-FunGible Tokens
NFTs have paved the way for some incredibly unique capabilities. ARTM Through the use of NFTs, developers can create digital marketplaces and custom ecosystems for users wanting to sell, trade, or use digital assets. A digital asset can be anything from a song, movie, or music video, to a photograph or a piece of digital art. On March 11, 2021, a piece of digital artwork was sold in the form of an NFT for $69 million USD (4). As of this writing, this is the highest priced NFT in existence.
The primary reason developers would implement NFTs over a system of “digital goods”, is that the NFT provides cryptographic proof of ownership, thus preventing fraud. By releasing assets as NFTs, this provides long-term value for the digital and physical assets that the NFT represents. This technology is lightyears beyond simply adding numbers and products in a database to represent “ownership”. The future for all companies dealing in digital assets is the NFT.
Digital image ownership rights
ARTM ability to securely sell and own digital art/ images is now possible through the use of
NFTs. Artists and content creators will be able to license or sell their work through the use of
ARTM NFTs as they see fit. In the use case of licensing, NFTs can also provide the potential for time-based access to images and digital media. NFTs can be designed to “expire”, requiring the licensee to purchase a new license in order to legally display an image on a website or within a mobile app. The sky is the limit.