Approved by Apple Co-Founder Steve Wozniak, HUP.LIFE to launch HUP.MARKET, the first NFT platform for visual artists and collectors to fully monetize their NFTs through internationally enforceable copyrights
HUP.MARKET is the world’s premier NFT marketplace for socially conscious artists and collectors to fully validate, protect and monetize their visual art NFTs, which includes licensing their works to third parties such as galleries art and live broadcasters, all through a framework that complies with international copyright and securities law.
The $ HUP Token, a community-run utility token with a new tokenomic that encourages long-term ownership, will serve as the digital currency fueling the HUP.MARKET through which artists around the world can create copyright-protected NFTs. author (ceNFT), enabling creators and collectors to fully monetize works of art through the combined power of blockchain and internationally applicable copyright law.
With an estimated value of $ 12.4 billion, the digital art industry is a compelling and proven market. This is above the non-fungible token market, estimated at $ 2 billion in the first quarter of 2021 only. In its current state, however, this booming sector is severely hampered by the lack of robust solutions built on a framework that complies with international copyright laws and treaties.
When artists produce works of art for sale online, legal differences Related to the artist’s country of origin and the artist’s control over the sale of digital copies create a smokescreen of legal confusion that prevents this otherwise promising industry from reaching its full potential.
HUP.LIFE addresses these challenges by combining copyright ownership and full monetization with a more “traditional” NFT marketplace, resulting in HUP.MARKET, its community-driven NFT marketplace slated to launch in December 2021.
Artists who hit their works as ceNFT on HUP.MARKET will be able to validate the work and fully monetize it through internationally applicable copyright law. The project also invented the concept of “Ghost NFT”, a secondary NFT representing the transfer of all copyright from an underlying work of art to an NFT. Artists can also sell the NFT but retain the copyright (so the Ghost NFT remains with the artist) and license it for reproduction or distribution to interested third parties on a scheduled basis using the HUP.MARKET intended license module.
The $ HUP Token itself is backed by strong tokenomics and a community governance framework allowing holders to vote on platform functionality through the new 1 Wallet, 1 Vote project model.
“I am blown away by the ethics of $ HUP,” says Steve Wozniak, Apple Co-Founder, adding, “This project not only generates real value for creators, but also advances the ethics of social conscience and development. animal welfare – two causes close to my heart – in an open and transparent way.
“This is the reason why today I am pledging to support a project related to NFT, HUP.LIFE and the $ HUP token,” Wozniak said in a pre-recorded video statement.
The project also received sports mentions from comedian Colin Mochrie for a decades-long improvisational television series. Who owns the line anyway, which just finished airing its 17th season in April on The CW.
The two amendments, as well as all the other amendments retained by the project will be posted on the official website of the project.
“We are more than thrilled with the launch of HUP.LIFE, the $ HUP Token and our HUP.MARKET platform which will allow artists to get the full compensation they deserve for their works and collectors to unlock possibilities. unlimited monetization by purchasing not just an NFT, but all of the copyright to the underlying artwork, ”says Harrison Jordan, Founder and President of HUP.LIFE. “While much attention has been paid to the tokenomics and functionality of the $ HUP token itself, our long-term plan for the entire HUP.LIFE ecosystem and ongoing partnerships with third-party projects will change. really gives it for NFTs and the wider. decentralized financial market. We are eager and excited to catapult the world into the next generation of NFT trading through HUP.MARKET. “
HUP.LIFE is a blockchain-based community project that strives to empower artists and collectors to fully monetize their art NFTs through the power of internationally enforceable copyright law. With the ethics of social conscience at the heart of its mission, HUP.LIFE and its HUP.MARKET NFT platform pave the way for visual artists and collectors to take control and fully monetize their NFTs by selling and licensing under license the copyright of the underlying artwork. in all countries of the world.