KuCoin AMA With Artfi (ARTFI) — Revolutionizing Art Investment with Blockchain and AI

2024/06/18 09:57:03

Dear KuCoin Users,

Time: June 17, 2024, 12:00 PM - 1:16 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session featuring the Founder and CEO of Artfi, Asif Kamal, in the KuCoin Exchange Group.

Official Website:
Whitepaper: Click to view

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Q&A from KuCoin to Artfi

Q: How does Artfi utilize blockchain technology to revolutionize the art market?

Asif: We are bringing the historic blue chip art business on blockchain. It has the amazing capacity to get it accessible to a common man. Through blockchain, I believe it’s a revolution itself.

Q: What role does fractionalization play in democratizing the art market according to Artfi?

Asif: It’s so simple. It makes it accessible to a common man before which was only accessible to the wealthy beings. Isn’t it smart?

Q: How does Artfi integrate AI vision into its platform to facilitate smarter investment decisions?

Asif: We believe AI is what makes things easier. So, we are AI-enabled with backend tech., with humans and business we believe in human touch. At the end of the day, as we all know AI is made by humans. AI is power.

Q: What barriers to entry does Artfi claim to eliminate in the fine art market?

Asif: Bridging tech. That’s the biggest thing.

Q: What benefits do collectors gain from participating in Artfi's platform compared to traditional art ownership?

Asif: They get the paperless ownership with the beautifully secured blockchain technology enabled asset. Which is like the easiest and the strongest ownership available in human history.

PS: When your art is sold further you always attract the % reward. It’s like an artist is getting a profit no matter how many times it’s being sold. That’s amazing isn’t it?

Q: Can you explain the significance of Artfi's token launch in the context of art investing and Web3?

Asif: Yes, we have a clear visible use case. Our art is our asset. Assets always have a value, and that value keeps going up with time. Our token is depicting that value proposition which I just explained. Isn’t it amazing?

Q: What role does Artfi envision for itself within the broader art market ecosystem in the coming years?

Asif: We’re getting all the world class assets and art on the Blockchain.

Free-Ask from the KuCoin Community to Artfi

Q: Almost 80% of investors are focused purely on the price of a token in the short term of understanding the real value and health of the project. Could you tell us the motivations and benefits for investors to hold your token in the long term?

Asif: Hey that’s a nice question! It’s a long term game. It’s art. In this business, one has to believe in the journey of the artist and the art. So yes, it’s a long term game.

Q: How does the Artfi project ensure the authenticity and provenance of digital artworks on its platform, and what mechanisms are in place to protect the interests of artists and collectors?

Asif: That’s where we play our expertise. We do this with our next gen. Tech and blockchain technology. We are combining it and making sure that it is secure.

Q: What is the vision and mission of your project? How do you plan to achieve them?

Asif: We are making it one of a kind and please know that we are building a blockchain university too.

Q: Can you please provide information about your current primary objectives and target audience? Are you planning to expand your project globally or focus on specific regions initially?

Asif: We are expanding. Currently, we are yet to launch on major exchanges and we are planning to grow further with our community.

Q: What are the upcoming milestones and developments we can expect from Artfi in the near future?

Asif: Follow us! We have a lot of big collaborations, new announcements with the ecosystem of art and finance. There is a new collaboration with someone very special soon. Stay tuned!

KuCoin Post AMA Activity — Artfi

🎁 Participate in the Artfi AMA quiz now for a chance to win $10 in ARTFI!

The form will remain open for five days from publishing this AMA recap.

Artfi AMA - ARTFI Giveaway Section

KuCoin and Artfi have prepared a total of $2,000 in ARTFI to give away to AMA participants.

1. Pre-AMA activity: $800 in ARTFI

2. Free-ask section: $50 in ARTFI

3. Flash mini-game: $400 in ARTFI

4. Post-AMA quiz: $750 in ARTFI

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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