AlgoPainter Token (ALGOP)

AlgoPainter is a decentralized application platform designed to make programmable art in form of NFTs on the blockchain.

Using the platform, you can choose an artist and have your unique and exclusive artworks! Each composition is minted as a non-fungible token (NFT) on the blockchain. An AlgoPainter can be software or a known artist. If it is software, the developer can integrate it into the platform. If it is a known artist, he/she can send the work for auction or receive orders from collectors. Users can create, sell and collect unique artworks and receive commissions for participating in auctions due to the BidBack System.

ALGOP is the native utility token that is used for, but not limited to:

Participating on the PIRs system;Participating on the BidBack System;Buy digital pieces;

AlgoPainter is a platform for creating and selling limited edition artwork. Each unique and exclusive work of art is created by algorithmic painting software or an existing artist and then minted as a non-fungible token (NFT) on the blockchain. Users can create or commission artworks, and buy or sell within our platform with ongoing economic incentives for artists, buyers and bidders in auctions.

The project is designed to support the expanding genre of programmable art and facilitate interaction between developers, artists and collectors, as well as enabling the equitable distribution of rewards for all participants. The protocol resolves the economic inefficiencies within the art marketplace as currently there is an inadequate incentive structure for collectors to bid in art auctions or for artists to set fair prices for their work.

On our platform, the original creator and the collectors of a work of art earn royalties whenever the work is traded. This encourages artists to sell their work and continue creating and motivates buyers to trade their collection, with both buyers and investors knowing that they will continue to benefit as the price of the work rises. Ultimately everyone wins by creating, trading, and collecting on the AlgoPainter platform.