3space Art
Crypto Overview
Project Overview
3space Art (PACE) is a cryptocurrency project focused on creating a marketplace for NFTs and digital art. The platform aims to connect artists and collectors while providing tools for NFT creation and trading.
Purpose and Utility
The primary purpose of PACE is to serve as the native token for the 3space Art ecosystem, facilitating transactions within their NFT marketplace. The token is used for purchasing NFTs, paying platform fees, and participating in platform governance.
Business Model Analysis
The platform's business model revolves around NFT trading and digital art transactions, which inherently involves the exchange of real digital assets. The marketplace allows for legitimate ownership transfer of digital artworks, making it fundamentally different from gambling or zero-sum games.
Development and Adoption
The project shows ongoing development activity, with regular updates to their platform and marketplace features. While adoption metrics suggest the platform is still in its early stages, this does not impact its Shariah compliance status.
Token Distribution
The token distribution includes allocations for the team, development, and community. While detailed vesting schedules are not publicly available, the token's primary use case remains focused on facilitating legitimate marketplace transactions.
Crypto Impact
To assign a comfort level investing in 3space Art from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to 3space Art.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.