What Is Gen.Art?
Gen.Art is a unique platform that combines the world of blockchain with art. It uses a decentralized autonomous organization (DAO) to operate a membership and community-driven model.
Background
Gen Art released the platform in 2021.
How It Works
To engage in Gen.Art’s minting processes, users must own a Gen.Art membership pass, available in two types: Gold and Standard. Gold members are always prioritized over Standard members. The platform’s governance token is the GENART token. Additionally, Gen.Art is developing a treasury that aims to utilize DeFi protocols to generate revenue for its members.
The platform offers on-chain NFTs and strives to materialize these digital art pieces into the physical realm. Gen.Art also includes a physical shop where NFT holders can purchase the outputs generated by the platform.
As of August 2023, the protocol is no longer in development.
Key Takeaways
- Gen.Art is a unique platform that combines blockchain technology with art through a decentralized autonomous organization (DAO).
- The platform requires users to hold a membership pass, available in two types (Gold and Standard), to participate in minting processes.
- Gen.Art uses the GENART token for governance and is developing a treasury to generate revenue for its members through DeFi protocols.
- Not only does the platform offer on-chain NFTs, but it also aims to bring these digital art pieces into the physical world.
- As of August 2023, the Gen.Art protocol is no longer in development.
