Place/Date: San Fracisco, California - May 20th, 2021 at 10:00 am UTC · 4 min read
Contact: Anjali George, Source: APENFT
APENFT will be launching NFT, a native token on May 20th, it will be the first project to go live on the new and improved Huobi Prime. APENFT was born with the mission and purpose to register world-class artworks as non-fungible tokens (NFTs) on the blockchain. Its aim is to establish itself as the ARK Star Fund in the NFT world, building a bridge between renowned artists and the blockchain while nurturing the growth of native crypto artists in the NFT space.
The team behind the APENFT project is composed of experienced thought leaders from the blockchain, finance and art communities. It will be headed by Steve Liu, he has an extensive financial management background, working in Fidelity, Nomura and other top investment banks and institutions. Many of the core advisors of the project are from the traditional art world such as Christie’s and Sotheby’s and other well respected institutions.
APENFT’s objective is to transform art pieces, which once was an elite-exclusive item, to something that belongs to everyone. APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world’s largest distributed storage system Bittorrent File System (BTFS). APENFT and its token NFT run on the Ethereum and TRON public chain under the ERC721/TRC721 standard and are permanently stored in the decentralized storage system BTFS.
NFT, a native token of APENFT, is proposed and governed by the community, and its features are governed by smart contracts, with all information accessible on-chain. Community members will discuss and expand the features of contracts which will be voted on through NFT and executed in accordance with the majority rule. NFT will in the future seek to expand its application in DeFi projects to boost connectivity by using smart contracts and the virtual machine on the TRON public chain. TRON currently has a total number of users exceeding 30 million, with more than 1.8 billion transactions, the world’s largest stablecoin circulation, and a rich and thriving blockchain business ecosystem.
NFT, the digital asset of APENFT, is a TRC721-based token with a total supply of 999,990,000,000,000 and an initial issuing price of $0.00000012. Users can get NFT by participating in commenting, creating, recommending, displaying works in APENFT, providing industry information, policy analysis and other behaviors, or by participating in BTC, ETH, DOGE, TRX, BTT, JST, SUN, WIN liquidity airdrop and mining.
NFT Defi airdrop and mining will be completed in 23 months June 2021 to April 2023. The supply accounts for 19% of the total supply or 189,998,100,000,000 NFT. The Initial release will begin in June 2021, with a total supply of 19,999,800,000,000 NFT; A monthly supply of 7,916,587,500,000 NFT will be released between July 2021 and March 2023; The last release totaling 3,749,962,500,000 NFT will be made in April 2023.
The roadmap is broken down into 4 phases:
Phase 1: Build the infrastructure for the NFT ecosystem
Powered by TRON, one of the world’s top three public chains, and BitTorrent, the world’s largest distributed digital storage system, APENFT adopts a highly-integrated and heavily-invested infrastructure to drive the implementation of ERC721/TRC721 and its supporting facilities.
Phase 2: Achieve a strong circulation of NFT
APENFT is issuing NFT, the project’s native token, on leading exchanges like Huobi to extend and share the benefits with more users. The also implements a democratic and diversified governance through votes and mining, etc.
Phase 3: Enrich the businesses of APENFT
To push the boundaries of the NFT space, expand “friend circles” and enrich its business, the APENFT team will promote the creation and re-creation of top-class artworks and established franchise and custom NFT works with A-list celebrities with massive followings from the entertainment circles.
Phase 4: Secure the key to authorization and confirmation of the digital world
In an effort to promote a wider implementation of blockchain technology, APENFT will, at this stage, build on top of its NFT business, secure the key to authorization and confirmation of the digital world, and make a foray into digital entertainment and brick-and-mortar NFT projects, etc.
APENFT was born with the mission to register world-class artworks as NFTs on blockchain. We aim to build a bridge between top-notch artists and blockchain, and to support the growth of native crypto NFT artists.Like how blockchain democratizes finance like never before, APENFT, by turning top artists and art pieces into NFTs, not only upgrades the way artworks are hosted, but also transforms them from being elite-exclusive items to something that truly belongs to the people and mirrors their aspirations. APENFT is the art for everyone.