Sastana is a slow runner
In 2021, Non-Fungible Tokens (NFTs) went mainstream. A few years ago, NFTs were hardly mentioned or heard of and were limited to a small corner of the blockchain-based internet.
Dubai, UAE, Dec. 05, 2022 (GLOBE NEWSWIRE) — By 2021, according to numerous valuations and estimates, when total valuations and market caps for NFTs will be between $25 billion and $41 billion.
In addition to the blockchain-based Web 3 (also known as Web 3.0) and cryptocurrencies, NFTs play a role in numerous industries and economic sectors. NFTs are changing economic models in various sectors, notably arts, finance, creators and games.
What are NFTs and why are they so popular?
NFTs are unique; The key is that they are Not “interchangeable.” Unlike bitcoin or other cryptocurrencies and fiat currencies, you can exchange them for each other, making them “fungible”.
NFTs were originally created – and many still work with them Ethereum Blockchain. Although other blockchains have implemented a way to create and track ownership of NFTs. Once you own an NFT, it’s yours. until you sell it Smart Contracts Proof of ownership, public record of purchase, sale and market capitalization values.
NFTs represent an exciting opportunity for art, artists and creatives to make their work digital, tangible and accessible to millions of people. Create entirely new sources of income. In 2021, NFTs started selling for 6 and 7 figure sums. The NFT, which most people have heard of, is a digital artwork by Beeple that sold at Christie’s for $69 million.
Since NFTs went mainstream, countless startups and blockchain-based companies have started creating and selling digital NFT art collections. Big brands like Nike have generated over $185 million to date (the top performing NFT brand). Dolce & Gabbana has made $25.65 million and Tiffany $25.65 million so far.
NFTs have become a way to create, buy, sell, and trade one-of-a-kind digital works. Anyone can turn anything into an NFT, whether it’s an artwork, music, tweets, videos, or even AI-based brain scans. Many people are now buying and selling NFTs within investment portfolios, and for artists, creators and brands, NFTs are a valuable new revenue stream.
The story goes on
What is AstanaWhat?
Sastanaqqam is a project that started when NFTs became mainstream.
The project started when they were investigating how to move from a traditional business model – in the field of art and art collection – to a decentralized business model using blockchain technologies.
From this vision was born a series of projects to be developed around it, such as: B. Wallet, Native Token (Blue Token), Marketplace, NFT RentalPlace, Virtual Museum, Staking Platform and P2E Games. In this article, we examine each aspect of this project in more detail and show you what you can experience and benefit from on the Sastanaqqam platform.
What is a meetingWhatVision & Goals?
Artwork should be accessible to everyone, and artists should have a much wider audience. At Sastanaqqam, they want to make this vision a reality.
Sastanaqqam is more than just a project, it’s an ecosystem. Within this ecosystem there are five parts. Everything in this ecosystem is connected through the Blue Token – the native crypto token – and the crypto-based wallet. Here are the five parts of the ecosystem, and we’ll explore each of them in more detail below:
Sastanaqqam target for each part of the project, Every single business unit is meant to grow and manage it in a traditional way while leveraging modern technology. They want every aspect of the business to be sustainable on its own, with the goal of becoming profitable within 12 months.
This in turn will strengthen the overall project and make Blue Token viable as a standalone cryptocurrency. Only then will they seek outside investment after reaching growth milestones. Sastanaqqam is building the business in this way to make it more valuable and useful to customers, users, artists, arts patrons, gamers, as well as business customers and partners within the expanding artistic ecosystem.
Description of the SastanaWhat Project
For every aspect of the project, they have a white paper, pitch deck, and articles that cover everything in more detail. So for this article we will give you a quick summary and link to the detailed websites for more information.
#1: Wallet and Blue Token
The Blue Token (BT) is the native token of the Sastanaqqam ecosystem.
Anyone can buy Blue Tokens with cryptocurrency or fiat currency with Sastana Wallet, Sastanaqqqam’s no-custodial smart wallet. You can also use this wallet to transfer and exchange Blue Tokens. Users can buy, sell, or rent any artwork for sale or rent on the NFT Marketplace and NFT RentalPlace.
At the same time, you can stake Blue Token on the staking platform, use BTs to make in-game purchases when diving into a play-to-earn (P2E) game, or use the Blue Token to premium exhibits in the virtual enter museum. Although you can do all these things with other cryptocurrencies, users get discounts and benefits for paying for virtual goods or services with the Blue Token.
#2: NFT RentalPlace
The Sastana NFT RentalPlace will be an exclusive platform for experienced, famous and exceptionally talented artists.
SastaRent’s main goal is to make art more accessible. They will accomplish this by providing artists and their patrons with the tools to create high-quality digital versions of remarkable works of art.
At the same time, they will work with luxury and boutique hotels and resorts, high-end restaurants, famous cafes and other venues that would benefit from displaying priceless (digital) artworks. People watching in person or online could then make offers to purchase NFT versions of that art, increasing an artist’s audience and revenue streams. Artists are paid for their work, which is rented out to various venues through RentalPlace.
Imagine being able to rent some of the world’s most famous works of art, like the Mona Lisa, as a digital masterpiece in NFT format for a special event. Making art accessible is Sastanaqqam’s mission.
#3: NFT Marketplace
Another part of this is the NFT Marketplace, a platform for promoting emerging artists, allowing them to build an audience and giving them the tools to sell their artworks at Sastana Art as NFTs.
Sastana builds a platform with user-friendly navigation and user-friendly experience for those who are new to NFTs, crypto or blockchain. Anyone can access every aspect of the platform via apps (iOS and Android).
In doing so, they ensure that there is a high-quality service for digitization. Overcoming the main barrier preventing artists from converting their work into NFTs. Artists can sell physical and digital artworks individually or as a bundle.
#4: Virtual Museum
Next, Sastanaqqam is building a Metaverse-based virtual museum. Artists can exhibit their work as NFTs in this virtual museum. Construction is already underway. A part of the SastArt Virtual Museum is already set up graphically.
They’ll either build this within their own ecosystem or buy land on an already popular Metaverse platform – like Decentraland or The SandBox – and users can access it through Sastanaqqam, one of those platforms, and any VR headset.
#5: Staking Platform and Launchpad (Staking as a Service)
Instead of trying to build another crypto exchange in this highly competitive market, Sastanaqqam is developing a new kind of SaaS: Staking as a Service. Inside is a launchpad for crypto-based startups.
This is an ideal solution for people looking to invest in new crypto and blockchain-based startups and for founders looking to raise funds.
Sastanaqqam’s staking platform and launchpad will offer a range of services, such as for DeFi (decentralized finance) projects.
#6: Blockchain-based P2E games
Blockchain-based P2E gaming is a huge market and will be an integral part of the Sastanaqqam experience.
Each Sasplay P2E game will link directly to the NFT Marketplace as aspects of the games (such as rewards and other features) are tied to the NFT Collections.
Sastanaqqam is currently developing several blockchain-based games, including a casino game, a board game, arcade games, and a game based on an NFT collection (games like Fennec, Falcon, Pixel, Cromanion, and Samurai).
They want to offer users the complete blockchain-based, immersive gaming experience and give them the ability to gamble (responsibly), connect with other users and take advantage of this exciting new gaming environment.
status of the project
Sastanaqqam is an ecosystem of interconnected digital, blockchain-based and real-world projects. They are developing this ecosystem on top of the Polygon blockchain – and will explain more about why in another article.
Various aspects of the project have been in development since 2021, with an experienced global team working on it. Several aspects of the ecosystem are complete and will be ready for beta testing shortly.
Keep in touch with Sastanaqqam online and on social media to find out when they are releasing different parts of the project to the public!
CONTACT: Azzi Mohamed Mbarek Sastanaqqam contact -at- sastanaqqam.io
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