ByteNext is an AvatarArt NFT marketplace for artists that aims to build the AvatarArt platform to support art creators around the world to make their NFT paintings on Binance Smart Chain, conduct auctions and transactions globally.
What is ByteNext (BNU)?
ByteNext is an ecosystem made up of many DApps aiming to solve all of life’s problems by applying the superiority of Blockchain technology. At the same time, with the aim of promoting Blockchain technology to be applied systematically.
ByteNext was established in Singapore, with offices at 163 Tras Street, #10-5 Lian Huat Building, Singapore. ByteNext is a technology company that has many Blockchain products, systems and software, making everything transparent and complete. As a global technology company, ByteNext believes that continuous development is the project’s biggest competitive advantage.
How does ByteNext (BNU) work?
ByteNext (BNU) aims to build AvatarArt with an extremely simple user interface. In addition, there is a direct support team that guides new users to access NFT in the simplest and fastest way.
AvatarArt will establish escrow centers as well as preserve painting works at a certain point. For each real work after being evaluated and deposited at the center, AvatarArt will generate a unique NFT for the valuable work that is anchored according to the real work. This will help the value of the NFT work to have real value and not some ambiguity. The works are auctioned online without having to go to the auction site. Because the real work was protected and sealed in the center with a unique NFT code. Proving ownership has also become simpler. Blockchain application in auction and transfer transactions
Artists around the world can create AvatarArt accounts by connecting to the Binance Smart Chain wallet. They will take pictures of your paintings and provide basic information about themselves, their work, prices… to submit to AvatarArt. AvatarArt will automatically generate an NFT Token for that image. However, in order to trade this Token, the artist needs to bring their work to a certain AvatarArt location. Once the center receives the work, experts will assess and confirm the NFT release.
What is ByteNext trying to achieve?
ByteNext is a blockchain incubation hub that aims to make the Metaverse Economy a reality. They believe it is a network of NFT projects, connected through an ecosystem that provides Openness, Sustainability, Immersion.
To do this, they established an ecosystem consisting of NFT marketplace, DEX, Launchpad that supports INO and futuristic features like Extended Reality Metaverse and Yield Guild. ByteNext focuses on developing highly applicable DeFi products to solve life’s problems. Currently, ByteNext has launched BVote – a Blockchain voting and rating app that is being widely applied in life. ByteNext is currently developing AvatarArt – a product that helps NFT artists transform their work.
AvatarArt provides artists with an ecosystem to NFTize their work for participation in exhibitions and auctions around the world. AvatarArt will be a diverse ecosystem for thousands of artists with many works of art. Auctions will take place on a continuous and proactive basis. Transactions are made in the most flexible and convenient way to promote and develop the art market to the next level.
AvatarArt — NFT Marketplace for Artists
A diverse ecosystem for thousands of artists and even more paintings, AvatarArt gives artists a platform to turn their work into NFTs to participate in exhibitions and auctions frequently. The forum will allow all transactions to be carried out more dynamically and conveniently to promote and develop the paint market to a new level and more efficiently.
Simply put, the AvatarArt ecosystem includes:
- a support system for artists so that their works become NFT and create tokens
- a system with NFT exchanges and auctions
- a DD expert system
- a virtual reality exhibition system with simulated works
- a system of conservation painting centers
Key features of the AvatarArt ecosystem:
- NFT support system
- Art Preservation Center
- Due Diligence Specialists
- 3D virtual reality space to organize exhibitions and auctions
- NFT Auction System
- Forum for art lovers and speculators
- A platform for creative artists
- NFT transaction system
BNU token
There is an outstanding supply of 17.250.000 BNU Tokens and a maximum supply of 200.000.000 BNU coins.
Token use case:
- BNU Token is used to participate in auctions and trade NFTs
- Used to buy seats on the virtual reality exhibition platform
- Used to pay royalties to each author when there is a successful sale
- Use to create liquidity pools
- Use for staking/cultivation
- Use to be able to pay fees in the ecosystem
Final Thought
AvatarArt will bring real value to the NFT space and will establish storage and preservation centers in certain locations. Once any piece of painting is verified and stored at the centers, AvatarArt will create NFT for each piece of art, ensuring its value is equal to the real thing.
