After greater than a year of preparation, from ideation to execution, we at Galaxart Studios are proud to present, the Galaxart Litepaper. The litepaper provides a brief, but powerful view into what makes Galaxart what it is today, and why the world of traditional art, and crypto-native art, expressed as NFTs, are ready to merge more seamlessly than ever, with you, our community, at the forefront of Galaxart.

Before the existence of Bitcoin

AND, SOON AFTER, ETHEREUM...

...Humans were never really able to own something that was completely digital. We passed around videos and motion graphics, repurposing and reposting them, but there wasn’t this current opportunity to automatically assume complete, concrete ownership over a digital file or artwork. The rise of NFTs changes this, allowing artists and creators the authority to rent digital artworks out, sell them, or display them in whatever way they wish.

Today, blockchain and NFTs are revolutionizing the way we consume, experience, and share art. Tomorrow, the Metaverse will wrap all of those changes into immersive virtual worlds. Art is no exception to the power of this digital revolution. We intend to take ordinary art to the next level by cultivating the intersection of traditional and digital art, and culture, into immersive Galaxart experiences for our collectors.

Galaxart is the universe where you will find one-of-a-kind art featuring artists and creators hailing from the physical world. We magnify the elements of traditional and physical art, bringing it to the lives of both those in the digital, and physical world for their collection and curation, to enjoy no matter where in the world they may be.

The Future of NFTs & Art

GALAXART IS AN EXCLUSIVE NFT-LAB FOR NEXT GENERATION ART

At Galaxart, our sole mission is to bring artists and creators to the forefront of both the digital and physical world. We do this by managing everything ‘Web3’ on behalf of the artist or creator, from transformation of the physical art to a digital piece represented using ERC-721 technology, as an NFT, immortalizing their work.

We believe that NFTs have profoundly changed notions of ownership, authentication, monetization, and traceability. In time, NFTs and cryptocurrencies will become inexorably linked to how we trade almost all goods and services. Combined with Web3, NFTs have made it possible for more and more people to make a living off their art in a fully transparent manner.

By leveraging our vast experience navigating these markets, our artists and creators never have to make the leap and summit the large learning curve that currently exists in onboarding to anything Web3 related today.

The benefits in artists and creators working with Galaxart significantly reduce the logistical needs typically associated with bringing ones art on-chain without significant know-how, such as, but not limited to:

No constraints to a specific gallery or geographic area
Full-service account management
Increased profit verifiable on-chain due to infinite and trackable royalties
Access to our team consisting of legal, graphic design, and content specialists.
Immediate access to a worldwide audience through our digital presence

The Galaxart Founders Pass

& $GXRT TOKEN

The Galaxart Founders Pass represents the backbone of the entire Galaxart ecosystem. It acts as the pinnacle of the Galaxart flywheel.

→ Trading volume of all Galaxart collections, including Founders Pass

→ POL ($GXRT/ETH) liquidity

→ Galaxart revenue

The $GXRT token powers all of Galaxart activity by giving users the privilege to mint Galaxart collections at a discounted rate if they hold $GXRT, and will act as an incentive for Galaxart Founders Pass stakers, aligning incentives between $GXRT token holders, Founders Pass stakers, and Galaxart collectors.

Total supply of $GXRT will be capped at 10,000,000

→ 10% (1,000,000) of GXRT will be airdropped to minters of the Galaxart Founders Pass that stake.

→ 20% (2,000,000) of GXRT will be reserved for seed investors in Galaxart Studios after a cliff of 3 months and vesting of 3 years.

→ 20% (2,000,000) of GXRT will be distributed to Galaxart Studios after a cliff of 6 months and vesting of 4 years.

→ 50% (5,000,000) of GXRT will be distributed to the treasury over vesting of 12 months, with the initial distribution at TGE.

Ethos of Galaxart

Galaxart’s sole purpose is to ensure that artists of every background and geographic location are given the opportunity to display their work to the world, beginning by using Ethereum, and the ERC-721 standard, that has allowed for having a worldwide audience to become a standard, not just a luxury, without having to change the way our artists and creators express themselves through their art.

Galaxart has been in the works for well over a year, while being carefully designed with its artists, creators, stakeholders, and most importantly, the overall community in mind and in heart. Without the support of the community, none of what Galaxart does would be possible nor sustainable.