1155Tech is a new art platform that puts creators first, protects royalties, boosts discovery, and makes art markets liquid.
There are three problems in NFT markets today:
Creators cannot enforce royalties.
Royalties are easy to avoid so most collectors do not pay royalties.
Distribution of new art is hard.
There are few free platforms to share and distribute art. X is unreliable because ranking algorithms change often.
Creators struggle with distribution and reaching new audiences. Collectors find it difficult to discover fresh and innovative art.
It can be difficult to buy or sell art on the secondary market.
Art markets are often only liquid hours after mint, or during good market conditions. Over time, it can become hard for existing collectors to find a buyer, or for a buyer to find a seller.
How It Works: Collect Keys, Unlock Art
Artists create a new art market by launching their art collection. Collectors can collect “keys” to each art market. Keys are used to mint NFTs.
Buy a key to an art market.
Keys unlock the ability to mint the NFT it represents. 1 key unlocks 1 NFT.
Keys can be bought and sold at any time through a bonding curve.
Key collectors earn fees on an art market proportional to the number of keys they own.
1155Tech Protects Royalties for Creators
Creators earn in two ways on 1155Tech:
Creators earn fees on every sale of their art markets’ keys.
Creators earn fees every time collectors use their keys to mint NFTs or redeem their NFTs for keys.
Every transaction generates a fee on an art market. The smaller the edition size, the bigger the fee will be. 1155Tech dynamically adjusts the fee onchain so it is at the optimal level for any given edition size. This fee is split 3 ways:
1/3rd protocol fees
1/3rd to market creator
1/3rd split with all collectors proportional to the number of keys they own
1155Tech Boosts Discovery for New Art
1155Tech is a place for collectors to discover art and for creators to find fans.
Leaderboard ranks what others are collecting. New work can rise on a leaderboard in realtime as collectors buy.
Collectors can share artwork with others since each collection has an unlimited supply of art.
1155Tech Creates Liquid Art Markets
Bonding curves reserve capital to support liquidity for all traders, forever. Buyers can always buy art from and sellers can always sell into the bonding curve. The supply of each art collection increases when collectors buy and decreases when collectors sell.