World's Most Expensive Artwork - an art project by the German artist Frederick F. Metties. It combines blockchain technology with digital painting and commercial art market principles. It is the first Crypto-artwork to determine its selling price and is always the most expensive piece of art in the world.
Contents:
- Description of World's Most Expensive Artwork
- Economy of the Ethereum project
- Additional information about dapp
Description of World's Most Expensive Artwork
The required programming of the World's Most Expensive Artwork has been implemented in the so-called "smart contracts" of the Ethereum blockchain with the "Solidity" programming language. The digital painting was created by using the Artist software.
In addition, the work of art consists of 1,000,000 crypto tokens that anyone can buy. These crypto tokens serve to preserve the value of the artwork as they are part of the artwork and can be freely traded without having to sell the entire artwork in its entirety. The total cost is ultimately determined by this. Thus, this synthesis consists of digital painting, smart contracts and crypto-tokens, together producing the "World's Most Expensive Artwork."
Economy of the Ethereum project
The algorithms in smart contracts are programmed so, that the price of a work of art is always higher than the price of the most expensive work of art ever sold on the market. In addition, the average price of artwork is becoming more and more expensive. WMEA are tokens that are based on the Ethereum ERC20 standard and are available for free. How does it work:
| The cost | The work consists of 1,000,000 tokens (or coins). The token price has a calculation, based on the current price of the work. |
| Trading fees | It is also possible to buy units smaller than 1 token, for example 0.02 tokens. If you bought the entire 1 million tokens, then the entire work of art will automatically become yours. |
The entire encryption and sales process is part of the artistic creation. You can buy tokens by entering any amount of Ether or WMEA and clicking on the Buy button. To start, you will need:
- install the MetaMask plugin in your browser;
- Coinbase Wallet on mobile phones.
This is so that you can use your Ethereum Wallet to buy tokens. The price of a work of art increases daily, taking into account inflation and rising prices.
Additional information about dapp
At the moment, the project does not use social networks and White paper, but in the next update, the developers will add this data to the platform. You will have the opportunity to choose the required improvement, find out about the terms of the promotions and contact technical support.