The mission of The Art Suite is as unique as it is challenging:
We aim to provide artists and creatives with a new means of creating revenue by digitalising their work and sell it as a Cardano NFT while at the same time supporting a range of social impact projects around the world.
At The Art Suite we believe the future is interoperable and that the digital and physical will work hand in hand.
The arrival of the Cardano blockchain provides never-before-seen technology which makes this transition that much easier and more enjoyable.
Take for example painters, photographers, writers. Or even musicians and graffiti artists.
Up to very recently the only way to sell their work was in its physical shape. The recent arrival on the scene of NFTs (non-fungible tokens) has changed all that.
HOW IS The ART SUITE MISSION DIFFERENT FROM EXISTING PLATFORMS?
The Mission of The Art Suite is to create a platform where Culture meets Charity in the form of the sale of NFTs that are minted on the Cardano blockchain.
The platform gives artists a stage, musicians a microphone, writers a window to the digital world. Not only are creatives given the possibility to sell their work in digital form on TheArtSuite.io, but also to support the charitable cause of their choice, thus helping in making the world a slightly better place.
FINDING THE ART YOU LIKE
TheArtSuite.io is divided into a variety of different categories such as painters, writers, photographers, 3D artists, musicians and other types of creatives.
In order to help the client find what they are looking for, the main categories can be divided into sub-categories. For example in the category Music, you may see subcategories like "Rock and Roll", "Jazz", etc.
Visitors of the portal will also see the NFTs presented in different categories such as "Coming Soon", "New", "Sold Recently" or "Featured Artists or also by price range.
ONBOARDING THE ARTISTS
Joining The Art Suite is a very easy and straightforward process which any artist is able to execute in very little time.
The creatives that apply to join the platform are verified by the The Art Suite content team.
Once approved, the creative sends personal information and a selection of his material to The Art Suite and a decision is made on which material to choose for sale.
Additionally, other conditions such as quantity, time-period of sale, or launch date will be decided in common agreement with the content producer.
The Art Suite provides artist agents which can help creatives join the platform if they are too busy. In this scenario the creatives will allocate a percentage of their revenues to the agent.
HOW PAYMENTS WORK
The Art Suite is a Non-Custodial platform, and works as follows: payments are split and sent to all respective wallets at the exact moment the sale of an NFT occurs.
The creatives receive 80 percent of the proceedings of the sale.
The Art Suite receives a fee of 15% and a social impact project receives a minimum of 5%.
(*The creative can decide to increase the percentage to be destined to the social impact project. Any such increase will come out of the original 80%)
All NFTs are up for sale in ADA, the cryptocurrency of Cardano. .
HOW DOES THE ART SUITE SUPPORT SOCIAL IMPACT PROJECTS?
When an artist joins the platform they choose which social impact project they wish to support and what percentage should go to the project. This information is stored on the blockchain and when a sale of their NFT occurs, a donation automatically occurs into the ADA wallet of the project of their choice.
WHICH ARE THE SOCIAL IMPACT PROJECTS?
The social impact projects that are supported by The Art Suite are chosen by the The Art Suite core team.
It is our preference to support small projects that are somehow already linked to the Cardano ecosystem. To be accepted , every project has to provide The Art Suite with a Cardano wallet address as automatic payment is made in ADA, at the exact moment an NFT is sold.
We select projects which either are, or have the potential to, over time, become self --sustainable.
COMPANY FINANCIAL STRUCTURE
The 15 percent of the sale price that constitute the The Art Suite fees are stored in the company treasury (wallet)
Part of the funds in the The Art Suite treasury will be re-invested in marketing the platform to a global audience of buyers and content producers.
In order to make this possible, part of the ADA in the treasury will be occasionally converted into EURO.
Takings and expenses will be calculated quarterly and a report is issued to the shareholders of the company.
Treasury funds are delegate to various stakepools to help decentralization of the Cardano network as well as to earn estimated dividends between 4 and 5 percent annually.
Dividends will be paid out to shareholders of the company annually.
TECHNICAL SET UP
TheArtSuite.io is developed on the Shopify platform and minting and payment technology are provided by our partner NFTMaker PRO.
The platform will be updated regularly as new and improved technology becomes available.
Marketing of the project will be through our various social media channels such as twitter, Facebook, Instagram and Discord. Marketing will also Include artist interviews on the The Art Suite playlists of the Cardano Hotel Podcast on YouTube
The Art Suite targets a global audience so marketing will take place in multiple languages.