Hey all,
BTCWe are currently introducing Frosty art platform with our Genesis Sale on frosty.app/
These NFTs can only be purchased during The Genesis Period for a BNB contribution between 0.1–2BNB.
BNB contribution value impacts staking rewards i.e. more BNB contributed more $FRST staking rewards.
The Genesis Period ends on October 20th 9pm UTC.
We are seeking the initial liquidity for the $FRST/BNB pancakeswap pool that will be integrated into the FROSTY ecosystem for FROSTY’s liquidity-based functions. The $FRST/BNB pool will also be used for users with staked NFTs to swap their $FRST rewards for USDT, BNB.
FROSTY is the first dedicated Digital-Only Art Auction Exchange Platform and Open Source Digital Art Toolkit. We are bringing new industry standards around digital goods, open digital art licensing, digital supply chain automation, and, we are also addressing core problems around NFT liquidity and stability.
Our vision is driven across multiple core vertices;
- Digital Art Rarity and Exclusivity: Programmable Scarcity.
- Artist and Developer Collaboration Channels.
- Stable NFT Wrappers.
- Synthetic NFT Contracts: Liquid Underwriting of NFT Collateral.
Why Do We Need Digital Art?
It is quite simple.
Art is an age-old industry that has been with our society for thousands of years. And throughout history, humans have always paid attention to the design around them. Art provides a distinct method and channel for enabling self-expression. Self-expression is a core feature of our human nature, and this is a fundamental truth that will never change — not even in a digital environment.
Enabling hyper-realistic digital-only art through both technical and distributive means is going to bring in enormous new value and opportunities. It will unlock enriched digital world interactions and engaging virtual experiences that will allow for us to connect with others and re-create our identities.
Being able to effectively track from the source point to end consumption at this modular pattern level means artists are truly able to engage in a transparent Open Source Digital Art ecosystem that is distributed and protected by an enhanced ownership licensing of unique and original designs, patterns — an artist can now enforce fractional ownership and IP over parts of a digital illustration. Imagine if an artist can create a completely unique abstract and then distribute his through an Open Digital Art License to other artists for it to be used globally. This direct, transparent, trusted, decentralized, automated link for transfer of value between the Open Source Artists and the Collectors (be it individual buyers, entities, developers etc.) creates self-sustaining, decentralized, open source that now enables any digital art artist, no matter where they are based, to be able to access a global marketplace and build a community around their creativity.
Why FROSTY?
The next generation of the art industry is all about adapting and evolving in order to keep up with the exponential rate of technological adoption and innovation. Native digital art that only exists within the virtual worlds of games, VR and other 3D technologies promotes new business opportunities that are completely sustainable, drive innovation for small independent artists and focus on cross-collaboration and open-source. However, in order to properly achieve these concepts on a larger industry-wide scale and unlock the next billions worth of value for the virtual economies of the future, trusted, transparent and dedicated globally native distribution channels must be established.
FROSTY is focused on creating, enabling and scaling these distribution channels for the digital artist. Applications around Non-Fungible Tokens (NFTs) is exactly where we should start. Bringing native NFT applications to digital art enables a huge leap for the industry in terms of beginning to address and solve the current challenges faced around digital ownership, open source innovations, global secure and decentralized marketplace, and multi platform distribution across virtual environments.
We are focusing on multiple vertices across;
Digital Art Rarity and Exclusivity: Programmable Scarcity
- We are bringing the first digital-only art single-edition NFT Auctions. We have partnered with digital artists based globally, who are each creating rare and exclusive digital arts to be listed on FROSTY. This is the first time at a wider scale that digital artists have had access to a completely new market that sees value in rare, exclusive collectibles. It is an amazing new distribution channel that can be scaled into applications across gaming and VR.
Decentralized Digital Art Supply Chain: Creating Digital Pattern, Abstracts Libraries
- We are building the first digital art supply chain, built up of ERC-721 Parent art NFTs and corresponding ERC-1155 Child NFTs, that create digital material, pattern, abstract libraries. This will scale to help streamline the process around the distribution of digital art and build the first tools for enabling a supply chain that is more flexible, more granular, more accurate, and more efficient. This supply chain has a huge use case in finally enabling global Open Source Digital Art Innovation, where effective and authenticated tracking of modular patterns can create a truly transparent ecosystem that is distributed and protected by an enhanced ownership licensing of unique and original digital designs, patterns, abstract.
Wrapped USDT + NFTs: Stability and Intrinsic Value
- There are still fundamental problems and issues faced in unlocking more utility value and transfer-ability in NFTs, especially when it comes to both stability and liquidity. We are introducing a new concept — the Stable NFT. Staked NFTs on the FROSTY platform can have stablecoins, like USDT, wrapped into them for embedding a stable asset that not only adds an element of stability, liquidity but also opens up doors to whole new DeFi use cases.
Syntethic NFT Contracts: Liquid Underwriting of NFT Collateral
- From a theoretical standpoint, using NFTs as collateral acts as the next step in the broader DeFi market movement. All Wrapped USDT+ NFTs on the FROSTY platform can create the Synthetic VR Contract. The broader use case for these contracts is their potential interoperability and wider acceptance with other money markets like NFTfi, AAVE, Compound for use as collateral against loans. For lenders accepting the Synthetic VR Contract, the embedded stablecoin is ultimately able to underwrite and guarantee liquidity on some part of the collateralize NFT in case of a borrower’s inability to effectively close his debt position. The lender is so able to gain from the immediate and guaranteed liquidation of the stablecoin, alleviating effects from the potential inability to sell off the underlying NFT asset on the secondary market during a desired time period.
Our Vision:
Our Vision is all about enabling the development of new digital economies of scale that empower true digital self expression. We believe that digital are is core to achieving this. We are focusing on empowering the digital artists — enabling them with the right technologies and distribution channels to be able to access these new market segments and the future customers of the art industry. We are bringing forward new concepts and tools for democratizing the digital art supply chain, enabling global open source art innovation and connecting artists and developers for cross-collaboration in moving these digital economies forward.
You can refer to our book for more information:
https://frostyart.gitbook.io/frosty 
Join us on telegram: @Frosty_Announcements
