PRIVACY

We understand the need for privacy is an essential factor in the art market especially in the area of highly valued artworks. Blockchain provides this infrastructure through anonymous transactions, and we understand that high profile acquisitions wish to remain protected and private. The MusesNFT system will not require private information and will enable protection of privacy both for sellers and for buyers.

SMART CONTRACTS

The power of smart contracts will change the way we organize and handle the trade of artworks. Using the MusesNFT cross chain platform and associated smart contracts which will include Binance, Solana, Ethereum and Matic chains, artists and collectors will have unique and unprecedented options in the art market that will change the way we are treating and trading art forever.

If an art piece is traced through verified transactions in a blockchain, then the certification is solved in a transparent, unchangeable and distributed way.

Every art/NFT piece in the system will be given a smart contract functionality that will extend the possibilities of art trade and incorporate additional options in every transaction. It’s like we are creating a regular contract, with additional features, that every buyer and seller signs into.

By creating and verifying an artwork inside the system, artists and owners will set different parameters that will handle the future life of that art piece inside the blockchain network.

Example of smart contract parameters:

• Is the piece on sale and what is the type of sale (regular price, auction, …)

• Value of an art piece

• Sale or auction parameters

• Percentage of profits artist would like to distribute to their collectors upon sale (owners of other artworks created by the same artist)

• Percentage of profits of future sales artist would like to keep (from future reselling of this art piece)

• Time function on point number 2. (percentage of future sales can go higher or lower as the time passes)

• Possibility to bid the owner even if an art piece is not on sale (option to bid for an art piece that has already been sold)

• Digital license rights

• Exploitation other than sale