Why do we use blockchain ?
Blockchain and more specifically NFT technology is currently the only technology that enable the assignment of ownership right to a digital entity. It also allows us to make each artwork unique to each owner and to prove the ownership of the works. By using this technology, we can make the artworks purchasable, resalable, exchangeable, and rentable. As a result, the artworks have a monetary value, which enables the artist to sell a work and the buyer to own what they have purchased and to resell it if desired. This is particularly meaningful if the artworks are unique and cannot be stolen or counterfeited, as no one would buy an artwork that is available for free on the internet.
The blockchain makes the artworks timeless, if Opus disappears, the artworks will stay yours and they will keep the same utility and characteristic as before. They will also stay exclusive and unique to you and keep their privacy protection unless you give the key to someone else, you will also still be able to resell it somewhere else if desired. Their journey is not limited to Opus, it goes much further and transcends the ages in the same way paintings have done for centuries.
Furthermore, this also allows us to asign them a digital Certificate of Provenance through the blockchain, like a serial number, which will enable us to make each artwork unique and certify their authenticity with our Proof of Authenticity system.
Using blockchain & NFT makes sense specifically in conjunction with our Proof of Authenticity system.This technology is thus an essential part of our system that allows us to provide digital artworks with the same characteristics and utilities as traditional artworks. When you purchase a traditional artwork, you acquire its ownership and exclusivity. The same should be true when you buy a digital painting. The same should be true when you buy digital artwork.
Opus uses this technology for its utility in the ecosystem that no other can currently provide. It is a niche technology, often misused and misunderstood, and we wish to make its properties accessible to all. That’s why all our products will be usable without any blockchain knowledge.
At OpusFrame, our core value isn’t promoting NFTs or this technology, but rather the advancement and enhancing of digital art. We are a digital art platform using NFT technology, not an NFT platform. This is a very important distinction for us.
However, we will make the necessary efforts to educate about this technology and the benefits it brings to our ecosystem.
Our blockchain integration
Each user will be assigned a wallet when creating an account on the Artis app. The Collection tab is where users will find their Artis wallet, a wallet directly integrated into the app. This tab will allow users to see the different artworks/NFTs they own in their Artis wallet. It will also be possible to directly connect a coldwallet/hotwallet to the app; the connected wallet will then appear in the collection tab. You will then be able to display NFTs you already own in your wallet if they are whitelisted and certified by Opus. More information here.
The Artis wallet is the default wallet when you use the marketplace or other blockchain features. You will find your address directly in your user profile.
All the artworks on our marketplace will be in the form of NFTs. Opus Frame use Ternoa’s Layer 2 ZkEVM on Ethereum for all NFTs. Our marketplace has an integrated On-Ramp protocol. The purchase of NFTs on the marketplace will be in fiat currency by default, however, it will be possible to buy them in USDC. Opus’ users will only encounter USDC if they sell or rent out artworks. Opus will never hold funds belonging to you. You can exchange your USDC for fiat currency on the Artis app and have it directly deposited into your bank account at any time.
To understand more about our technolgies, check out our Proof of Authenticity system.