Blockchain technology created a valuable gateway for digital artists to showcase their mastery online. There is an ever-growing number of platforms focused on decentralized art as NFTs (Non-Fungible Tokens), especially ERC-721 tokens. KnownOrigin is a unique blockchain-based gallery where users can discover and collect rare digital artwork. Empowered by smart-contract technology, digital artists can showcase and sell their work to demanding art collectors, who prize authentic only art pieces.
A Quick Background
NFTs (Non-Fungible Tokens) are becoming increasingly popular in the blockchain industry, especially after endeavors like Sorare (blockchain-based soccer cards platform) quickly rose in the DeFi rankings.
Further reading: Sorare: Fantasy Soccer Meets Crypto
Scarcity plays an essential role in the concept behind these cryptographic tokens, as they are designed to represent something utterly unique.
When an art piece is tokenized, the author has full ownership over the content until he transfers or sells it for another person.
NFTs can be replicated or printed-on-demand like other money-like tokens, and they are also interchangeable. In the Ethereum blockchain, ERC-721 tokens are the technical standard for minting and creating a Non-Fungible Token.
How Does KnownOrigin Work?
KnownOrigin is an artist-driven platform based on Ethereum that works as an empowered gallery for digital authentic art, where both authors and collectors/buyers can benefit.
The mechanism behind this engine is quite simple to understand. Artists and creative professionals create digital artwork and upload the files to the platform using a web3 wallet, such as MetaMask or Trust Wallet.
As the files and documentation are set into the platform, the artwork goes through a tokenization process via smart contract technology. Once the artwork is turned into an NFT, it is showcased on the KnownOrigin exclusive gallery.
These unique NFTs (non-fungible tokens) minted via KnownOrigin smart contract are displayed on the gallery for sale, and the platform is commissioned according to users’ sales performance.
This feature is programmed directly into the smart contract, so the team doesn’t hold control of the artist’s remuneration throughout the process.
Customers and collectors visit the DApp, searching for authentic artwork. Art pieces that are available in the gallery can be purchased using ETH as the main currency.
The process doesn’t require any sort of middlemen or third-party control, as once the checkout is completed, the buyer’s Ethereum address is immediately captured.
Nobody but artists themselves can access the remuneration for their hard work and effort, which makes KnownOrigin standout amid other similar NFT-based projects.
Start with KnownOrigin for FREE over here!
Dig Into It
Despite some lack of attention from the specialized media, KnownOrigin is one of the fastest-growing art platforms based on Ethereum blockchain.
So far, this unique art gallery reunited more than 330 artists, selling more than 12k digital artworks to this day. The website dashboard is well-designed and causes a good impression at first sight.
Every piece has an exclusive name and a brief description of the authors and the concept behind the idea. When you click on any available option, it shows how much does it cost and how many tokens are still available for purchasing.
Under every piece, there is an option that shows an ERC-721 validator, where users can check why that specific smart contract follows the ERC-721 standard.
KnownOrigin permits viewers to filter art pieces by price, whether they want to see them displayed from low to high or vice-versa. Users’ can also bash the “heart” button under every piece to show authors some support.
Once a collector/buyer decides to acquire any art piece, he/she just needs to click on “Buy Now”, confirm the purchase and that’s it. There is a unique transaction code for every purchase, which is shown while the deal is processing.
Who Is Behind the Idea?
KnownOrigin was co-founded in 2018 by Andy Gray, James Morgan, and David Moore.
Moore (current CEO) has over 10 years of experience in Design and Technology. Now he is solely focused on creating solutions based on blockchain technology. He still continuously improving his skills by creating a seamless design for DApps focused on user-experience.
Gray is an experienced blockchain engineer, now focusing on DApp development. Morgan is also an IT and blockchain veteran, with over 20 years of experience developing high-tech products and most recently, also focused on DApps.
KnownOrigin is 100% artist-driven, so artists can seamlessly upload their artwork and mint NFTs, showcasing their mastery of a unique digital gallery for collectors and buyers. Once an art piece is sold, remuneration is directly sent to the author’s wallet, which remains in control of his funds all the time.
The platform is sustained by a commission mechanism, which is programmed using smart-contract technology. It means KnownOrigin doesn’t handle users’ remunerations or take fees from it.
The idea is to empower both artists and art collectors with an exclusive digital marketplace structured on the Ethereum blockchain, where they can create, purchase, and hold rare digital art pieces.