Question 1

What is LiveArt?

Accepted Answer

LiveArt is an RWA (real-world asset) protocol focused on cultural assets—fine art, luxury watches, classic cars, wine and other collectibles. It converts selected assets into ERC-20 compatible fractions for primary distribution via Initial Asset Offerings (IAOs) and secondary trading on a marketplace/DEX.
The pipeline combines off-chain verification (provenance, condition, custody), smart contracts for issuance, transfer and buyout logic, and a data layer using AI models and oracles for discovery, valuation signals and custody status updates.
Assets are stored with specialist custodians (e.g., freeports) under an institutional framework, while on-chain records link token fractions to the underlying item and track supply and ownership. The protocol is multi-chain and is positioned as “RWAfi”, integrating DeFi functions such as trading, liquidity and collateralisation around tokenised cultural assets.

Question 2

What is LiveArt (ART) token used for?

Accepted Answer

- **Governance:** ART holders can vote on protocol matters such as feature priorities, asset curation parameters and upgrade proposals.

- **Access & participation:** ART is required for entry to premium IAOs and for unlocking selected platform features, including AI-supported analytics and data tools.

- **Staking & rewards:** Staking ART activates “Staking Power”, a multiplier that influences leaderboard rank and seasonal reward allocation. Rewards are distributed in defined seasons based on activity such as trading, liquidity provision and IAO participation. Unstaking is permitted; longer commitments increase the multiplier.

- **Ecosystem incentives:** Additional uses can include fee tiers or discounts, contributor rewards, data-submission incentives and other programme benefits determined by governance.

Question 3

Who created LiveArt (ART)?

Accepted Answer

LiveArt was co-founded by Boris Pevzner, Adam Chinn and John Auerbach. The team combines backgrounds in technology, art markets and operations.