LiveArt claims that its X Card will bring the end to "NFT flipping and speculations."
LiveArt, a Web3 art trading platform founded by Christie’s and Sotheby’s veterans, is launching a non-fungible token (NFT) membership card dubbed LiveArt X Card.
Based on the announcement shared on March 15th, the card will bring an end to "NFT flipping and speculations" and will give its holders access to exclusive NFT drops.
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For the launch, LiveArt partnered with IV Gallery, whose team includes artists like Pak, Beeple, BossLogic, and WhIsBe.
LiveArt X Card holders will gain access to curated art, token gate communities, and art market analytics data generated using Artificial Intelligence (AI). It will help holders buy digital art they can trust.
LiveArt X Card gives holders access to live auction streaming and peer-to-peer art exchange. Additionally, it will offer digital art collection protection from scammers and fraudsters.
According to LiveArt, while the traditional art market understands how to protect long-term value, the digital art world lacks this ability. Through the card, LiveArt hopes to bring the experience of the traditional art market into the digital world. In its blog post, LiveArt noted:
The LiveArt X Card is our next step towards building a community of dedicated art collectors and making LiveArt the platform of choice for top artists and their communities.
The LiveArt X Platform launched in April 2022 with investors' support, including Binance, KuCoin Labs, Animoca Brands, and others. Its X Card is secured on the Ethereum network and will be available for presale starting April 4th. A public sale will launch on April 5th with a total supply of 3,500 editions.
The platform is powered by the $ART token, a utility token designed for creators and collectors. $ART can be used to buy physical and digital art on the platform. For creators, $ART can be utilized to share artwork across the LiveArt social media channels to boost their visibility.