Question 1

What is APENFT (NFT)?

Accepted Answer

APENFT, officially registered in Singapore on 29 March 2021, is a blockchain-based art platform that utilises NFTs to make high-value art more accessible. The project operates primarily on the Ethereum and TRON blockchains, using ERC-721 and TRC-721 token standards to digitise, authenticate, and store art records. By merging traditional art with blockchain technology, APENFT seeks to bridge the gap between established artists and the NFT space, supporting both traditional and native NFT artists.

The platform also uses the BTFS (BitTorrent File System), a decentralised storage solution, to ensure that tokenised digital artwork and metadata are securely stored and accessible, increasing transparency, security, and decentralisation within the art market. APENFT states that its mission is to democratise art ownership, making it accessible to a broader audience and allowing ownership of high-value pieces from both physical and digital worlds​.

Question 2

What is APENFT (NFT) used for?

Accepted Answer

APENFT addresses three main challenges of the traditional art market: inaccessibility, counterfeiting, and transaction transparency. The project’s utility spans the following areas:

**Tokenisation of Artworks:** APENFT digitises and registers artworks, creating ERC-721 and TRC-721 tokens that represent ownership and authenticity. This allows collectors to securely hold digital versions of high-value artwork while guaranteeing the authenticity and transaction history on the blockchain, mitigating issues related to art forgery.

**Decentralised Governance:** The “NFT” governance token allows holders to vote on important ecosystem decisions, such as acquiring new works, exhibiting pieces in virtual museums, and distributing funds to artistic initiatives. Token holders also have access to participation rewards, including airdrops, DeFi mining, and activity-based incentives.

**Support for Artists and Institutions:** APENFT invests in NFT platforms and supports both emerging NFT and traditional artists through incubation and sponsorships. The project collaborates with renowned institutions, such as Christie’s and Sotheby’s, and features iconic artists like Beeple, Warhol, and Picasso. Efforts include exhibitions, awards, and sponsored collections to build an inclusive platform that fosters the growth and recognition of NFTs.

**Decentralised Art Market:** APENFT facilitates high-liquidity, secure NFT trading. Beyond direct sales, APENFT also uses innovative business models like NFT auctions and “mystery box” sales, which increase the circulation of digital art in the market and encourage engagement from a broad audience​.

Question 3

Who created APENFT (NFT)?

Accepted Answer

APENFT was founded by Steve Z. Liu, who has an extensive background in finance and technology, holding degrees in Electrical Engineering and Finance. Liu has over 20 years of experience in capital markets, with prior roles at firms like Fidelity International and Ant Financial Group. APENFT’s team includes experts from major auction houses and engineers with backgrounds in blockchain and cryptography from leading internet companies​.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	NFT-USDT NFT-USDT	okex	A	0.0₆2407USDT	-0.25%	201,710,592,431.00NFT	802	0.0₆2413USDT	0.0₆2474USDT
2	NFT-USDT NFT-USDT	kucoin	BB	0.0₆2409USDT	0.12%	146,232,936,828.80NFT	2,820	0.0₆2406USDT	0.0₆2447USDT
3	NFT-USDT NFTUSDT	bybit	A	0.0₆2418USDT	0.54%	60,417,827,008.00NFT	329	0.0₆2405USDT	0.0₆2448USDT
4	NFT-TRX NFT-TRX	kucoin	BB	0.0₆7190TRX	0.28%	49,280,309,691.39NFT	916	0.0₆7170TRX	0.0₆7260TRX
5	NFT-USDT NFT_USDT	gateio	A	0.0₆2401USDT	-0.08%	47,668,665,079.00NFT	453	0.0₆2403USDT	0.0₆2464USDT
6	NFT-USDT NFTUSDT_SPBL	bitget	BB	0.0₆2412USDT	0.04%	19,132,984,570.00NFT	745	0.0₆2411USDT	0.0₆2472USDT
7	NFT-USD APENFTUSD	kraken	AA	0.0₆2401USD	0.67%	1,640,883,711.39NFT	28	0.0₆2385USD	0.0₆2430USD
8	NFT-USDC NFTUSDC	cexio	BB	0.0₆2400USDC	0.00%	180,612,000.00NFT	2	0.0₆2400USDC	0.0₆2400USDC
9	NFT-USD NFTUSD	cexio	BB	0.0₆2400USD	4.35%	124,560,000.00NFT	1	0.0₆2300USD	0.0₆2400USD
10	NFT-USDT NFTUSDT	cexio	BB	0.0₆2427USDT	1.25%	75,107,079.00NFT	3	0.0₆2398USDT	0.0₆2427USDT
11	NFT-EUR APENFTEUR	kraken	AA	0.0₆2259EUR	0.00%	0NFT	0	0.0₆2259EUR	0.0₆2259EUR
12	NFT-USDT NFT_USDT	poloniex	C	0.0₆2413USDT	0.45%	10,577,603,798,955.00NFT	36,739	0.0₆2402USDT	0.0₆2432USDT
13	NFT-USDT nftusdt	huobipro	C	0.0₆2409USDT	0.42%	9,230,002,821,008.41NFT	16,897	0.0₆2399USDT	0.0₆2424USDT
14	NFT-USDT NFTUSDT	mexc	C	0.0₆2407USDT	0.00%	234,457,697,102.00NFT	3,230	0.0₆2407USDT	0.0₆2469USDT
15	NFT-USDT NFT_USDT	bydfi	-	0.0₆2407USDT	0.00%	213,120,172,266.62NFT	3,313	0.0₆2407USDT	0.0₆2469USDT
16	NFT-USDT NFTUSDT	bitrue	D	0.0₆2409USDT	-0.08%	160,050,305,785.00NFT	4,752	0.0₆2411USDT	0.0₆2472USDT
17	NFT-USDT nft_usdt	digifinex	D	0.0₆2413USDT	0.00%	88,697,924,144.00NFT	222	0.0₆2413USDT	0.0₆2472USDT
18	NFT-KRW NFT_KRW	bithumbkorea	-	0.0₃4000KRW	33.33%	38,678,899,099.01NFT	59	0.0₃2999KRW	0.0₃4000KRW
19	NFT-USDT NFTUSDT	latoken	D	0.0₆2405USDT	0.17%	37,039,207,745.00NFT	642	0.0₆2401USDT	0.0₆2462USDT
20	NFT-INR NFTINR	coindcx	-	0.0₄2425INR	-0.27%	616,029,261.19NFT	59	0.0₄2431INR	0.0₄2443INR
21	NFT-BRL NFT-BRL	mercadobtc	C	0.0₅1280BRL	0.79%	352,674,492.00NFT	12	0.0₅1270BRL	0.0₅1280BRL
22	NFT-KRW NFT_KRW	coinone	C	0.0₃2999KRW	-25.00%	59,000,000.00NFT	3	0.0₃4000KRW	0.0₃4000KRW
23	NFT-USDT NFTUSDT	hitbtc	E	0.0₆2393USDT	0.00%	0NFT	0	0.0₆2393USDT	0.0₆2393USDT
24	NFT-USDT NFT_USDT	bitunix	C	0.0₆4467USDT	0.00%	0NFT	0	0.0₆4467USDT	0.0₆4467USDT