How Will CharitiesNFT Work For Canadian First Nations Grassroots Artists? Will NFTs Revolutionize the First Nation Communities?  (Part 3) 

• CharitiesNFT: A kind of digital-twin NFT, promotes NFTizing physical artwork created by grass-root artists, using Hologram and Holo-DKEY for Crypto-Validation. 
• CharitiesDAO: A kind of DANO (Decentralized Autonomous Non-profit Organization) with an ecosystem of charities founders, individual contributors and receivers, project accelerators and incubators. This is building more transparent and efficient decentralized donation chains.
• In a series of articles, I will introduce WHITE PAPER of CharitiesNFT and CharitiesDAO and discuss how they work for Canadian Indigenous Traditional Culture and Grass-root Artists as one of the application scenarios of CharitiesNFT.

CharitiesNFT And CharitiesDAO

In the last two articles, we discuss the potentials of NFT in the art industry and the growing trends of NFT galleries of digital, irreplaceable unique works of art. With the emergence of NFT, the grassroots artists and traditional visual art communities are given the opportunity to enter into a bigger market. In addition, we talked about ‘CharitiesNFT’.  It is a NFT system specialized for NFTizing physical artwork in the Web3.0 Metaverse. It is an exciting and hopeful prospect that can genuinely promote the high appreciation and up-valuation of those traditional grassroots artists and their physical artworks in the future. In addition, CharitiesNFT is a kind of Digital-twin NFT special for NFTizing a traditional physical artwork, mirroring only-one-on-one, eternally non-counterfeited. 

The Infrastructures of CharitiesNFT?

CharitiesNFT will be exclusively in accord with one physical artwork in reality world, for eternal identifiability.  When a physical artwork is traded in reality world, its pairing CharitiesNFT would be changed ownership in Web 3.0 Metaverse accordingly, and all transaction information would be digital recorded on its pairing CharitiesNFT, for eternal traceability. In other words, CharitiesNFT is based on technique of Digital-Twin NFT is one of the best tools for this system. Any traditional physical artwork can be digitally mirrored and linked to its unique NFT on a specific customized blockchain, embedding scarcity and rarity, traceability and identifiability, authenticity and non-counterfeited, high-appreciation and up-valuation. 

How Is a Traditional Physical Artwork Mirrored And Linked to Digital-Twin NFT of CharitiesDAO to be Unique And Stayed in Value?  

CharitiesNFT is a kind of Digital-twin NFT special for NFTizing a traditional physical artwork, mirroring only-one-on-one, eternally non-counterfeited. CharitiesNFT in Web 3.0 will be exclusively in accord with one physical artwork in reality world, for eternal identifiability.  When this physical artwork is traded in reality world, its pairing CharitiesNFT would be changed ownership in Web3.0 Metaverse accordingly, and all transaction information would be digital recorded on its pairing CharitiesNFT. 

In addition, CharitiesNFT is a direct value exchange, allowing artists to earn a greater percentage of profit as value is exchanged through the blockchain network. Artists can benefit proportionally as their artworks circulate through the NFT platforms over time, because percentage-based resale royalties can be baked into the terms of every NFT sale.  The underlying mechanism of NFT trades is the “smart contract,” a set of commands that executes on the blockchain without intervention once objectively verifiable conditions are met.

Popularization of Hologram Technology

Hologram Tech:

• Digital record 3D information of a physical artwork by Holography device.
• Digital record moments-timeline of each creation stages at which the artist exhibit his own esoteric craftsmanship and mysterious tradition and culture embedded behind the artwork.
• Integrate all 4D (3D + Timeline) information and generate a synthetic rainbow hologram combining computer-generated holography with optical holography, in which the whole image is contained within every segment of all 4D information of the physical artwork. 

NFTizing-by-Hologram System:

• Generate an unique Holo-DKEY encrypted through hologram algorithms (random combination of factors of hologram light sources: dimensional degree, light angle, light wavelength etc). 
• Mint all holonomic 4D information of the physical artwork into a Digital-Twin NFT (CharitiesNFT), which acts as an unique verification certificate for Crypto-validation.
• The CharitiesNFT is digital-recorded on a specific customized blockchain of Web3.0, mirroring only-one-on-one to the physical artwork in reality world, eternally traceable and non-counterfeited.
• No matter where, who and when, once reconstructed by the specific hologram light sources by optical decryption with homologous 4D information linking to the CharitiesNFT, authenticity of the physical artwork in the real world can also be verified.

Maturity of NFTizing-by-Hologram system Are The Key For CharitiesNFT and CharitiesDAO

CharitiesNFT, based on the technique of Digital-Twin NFT, is one of the best tools for this system. Any traditional physical artwork can be digitally mirrored and linked to its unique NFT on a specific customized blockchain, embedding scarcity and rarity, traceability and identifiability, authenticity and non-counterfeited, high-appreciation and up-valuation. CharitiesDAO via smart contracts can solve the deadlocks, besetting the traditional charities criticized by the public for many years. Ideally, anyone can supervise and scrutinize, which will minimize unnecessary waste and corruption in the whole donation chain. 

The blockchain contains an artwork’s complete provenance and copyright details, with the potential to add a wide range of surrounding information that could benefit the artist. Should intellectual property disputes arise, an NFT’s entire transaction history can be audited back to its minting, providing unassailable “on-chain” proof of which party’s claims are legitimate.

A good example of   NFTizing-by-Hologram system is how Nike’s “CryptoKicks” platform keeps track of the ownership and verifies the authenticity of sneakers using the blockchain-based system. When a buyer purchases a pair of “CryptoKicks,” you will get a digital code attached to a unique identifier of that sneaker. As a result, there is a digital scarcity of digital assets, as their production is effectively tied to the production of authentic sneakers.

When a buyer purchases a pair of shoes, a digital representation of a show may be generated, linked with the buyer, and assigned a cryptographic token, where the digital shoe and cryptographic token collectively represent a “CryptoKick.” When the sneakers are sold to another person, the ownership can be easily transferred by trading authentic shoes and associated digital assets. These digital assets are stored in a cryptocurrency wallet application.

Summary: Unlimited Potentials

The CharitiesNFT has the potential to promote high-appreciation and up-valuation of those traditional grass-root artists and their physical artworks in the future. CharitiesNFT has galvanized artists to radically restructure how the art market could work if they started from square one. Because in a way, they can. New, decentralized marketplaces can welcome artists and buyers independent of the art establishment’s approval. It will break the norms in art world where the institutions with long histories and pre-existing industry connections wield enormous influence over who gets to participate in a hierarchical system.

In my vision, CharitiesDAO is not simply a “DAO” , but is trans-border integration with traditional charities. It will have distinctive infrastructure that is built with unique protocols and rules, which different with those of other DAOs. In web 3.0, CharitiesDAO will be an overthrowing revolution for traditional charities, which is based on decentralized platforms DAOs making the ability to offer “Share-to-Give” that charity resources can we share best and contribute sustainably to maximize value of charity. 

Bibliography

Beedham, Matthew. “Nike now holds patent for blockchain-based sneakers called ‘CryptoKicks’”.  TNW, 10 December 2019, Digital Data. https://thenextweb.com/news/nike-blockchain-sneakers-cryptokick-patent. Accessed 26 March 2022.

Robertson, Adi. “Nike is testing NFT trademark law by suing a sneaker reseller”.The Verge, 10 February 2022.https://www.theverge.com/2022/2/10/22925252/nike-stockx-shoe-lawsuit-vault-nft-trademark-infringement. Accessed 27 March 2022.

This is an opinion article; the views expressed by me. Follow him on Twitter: @hkpltw And @Terry_Terence97