The Museum offers collectors the opportunity to gather real artwork, NFTs, and photos. By lending their collections to the Museum for display, collectors can immediately receive 20% of the buying price. This feature is available exclusively for selected (or high-value) artworks circulating on the SEED.Photo platform. The lent artwork will be showcased on the Museum’s page for a period of 12 months.
Photographers can utilize blockchain technology to alter the value of their artwork in various ways. By submitting their artwork and photos on the platform, they register through the blockchain, which grants them a certificate of authenticity for their work. Additionally, they can use the platform to sell NFTs.
Similar to staking cryptocurrency to earn more crypto, individuals can stake their NFTs to receive lucrative rewards. However, while the concept is promising, it does not work fairly for NFTs. Many platforms can easily manipulate the value of NFTs, making staking NFTs largely unsuccessful.
SEED.Photo has decided to explore the potential of staking and disrupt the market with an innovative mechanism. When a user purchases an NFT on the platform, they are also acquiring the real photograph, a genuine artwork with authentic value. Consequently, the concept of staking a photo through an NFT gains substantial significance in this context. This initiative is named “The Museum”.
What Is The Museum?
- The Museum introduces a revolutionary approach to NFT artwork. SEED.Photo has redefined the idea of staking to align with its platform, supporting a thriving community. When collectors lend their NFT artwork to the Museum, they receive 20% of the buying price immediately. This unique opportunity allows the collectors to support the Museum while earning rewards.
- The artwork is lent for a period of 12 months, with the option to extend the lending period for another 12 months if desired. This flexibility ensures that collectors can continue to benefit from the Museum's reward program. After 12 months, the NFT artwork will be released from the Museum and sent back to the collector's wallet, ensuring they retain ownership and control.
- Collectors will receive their reward not in USD currency, but in the same currency used to purchase the NFT photograph. For instance, if BNB was used to buy the artwork, collectors will receive 20% of the purchase value directly to their BNB wallets, allowing them to gain rewards in a familiar and potentially more valuable form.
