I. Chinese Platform Study

_A. Primary Market

_1. BCA

MetaOpus

• Chinese friendly, Chinese artist > English
• 500+ Artists, 80k users. Start from 5.2021
• Acution: 大悲宇宙，张知微
• Artists development, like MCN media, cooporate with emerging artist
• Model: 2/8, no gas fee

Virtual Niche _{Have you ever seen memes in the mirror?}

• The world’s first Cryptoart exhibition
• Featured works include Robert Alice’s “Portraits of a mind”, the first ever NFT artwork sold by Christie’s auction house. In addition, 20 works by artist, Beeple will make their first ever debut appearance in China.
• Aim to showcase artists using blockchain technology as a medium for creating dialogue and connection between the institutional art world and the crypto community.

BCA Gallery

• Online (wechat program) and in-person exhibition (pop-up)

_2. NFTcn

Service

• Mint
• promotion
• Trading
  • Put on SuperRare, Rarible … 
  • Characteristic service 
    • All Chinese
    • No background knowledge needed
    • No digital wallet needed

Process of submitting works

• Application
• Waiting for customer service contacting
• Upload works
• Waiting for the buyer or send it as a gift to collector
• Sold
  • 10% commission fee
  • RMB & Cryptocurrency accepted 

Chinese only problems solving

• Not familiar with blockchain, digital wallets, etc.
• No need to understand blockchain, digital wallets, etc.

• Not familiar with how to generate NFT works on overseas NFT platforms
• Simultaneous sale of overseas NFT platforms

• Lack of exposure and no trading volume after the works are on the chain
• Intelligent matching of potential collectors after the work is on the chain

•  No IP targeting
• Collective promotion makes it easier to be discovered by overseas collectors

• “Expensive” gas fee (around $250)
• No casting gas fee (only ¥300 manual review fee is required for the first review. If the review fails, a full refund will be issued.)

_3. Pinmujian

• Start from March 2021, focused on digital art, but similar model as Cryoto art trading.

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