3space Art

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.