All.Art Protocol
Crypto Overview
Overview
All.Art Protocol is a blockchain-based platform designed to facilitate the creation, trading, and management of NFTs (Non-Fungible Tokens) in the art world. The AART token serves as the native utility token of the platform.
Purpose and Utility
The stated purpose of AART is to serve as a governance token for the All.Art ecosystem and provide utility for various platform functions including NFT minting, marketplace transactions, and participation in platform governance decisions. The token is currently being used primarily for these intended purposes within the platform's ecosystem.
Business Model Evaluation
The platform's business model appears to focus on legitimate art-related transactions and NFT infrastructure. The core activities involve real asset ownership and transfer through NFTs, with clear utility in facilitating digital art transactions.
Development and Adoption
The project shows ongoing development activity, with regular updates to the platform and integration of new features. While adoption metrics are still developing, this is not a concern from a Sharia compliance perspective as the fundamental utility remains valid.
Token Distribution
The token distribution includes allocations for development, marketing, and community initiatives. While specific vesting schedules exist for team tokens, this aspect does not impact the fundamental halal nature of the token's utility.
Crypto Impact
To assign a comfort level investing in All.Art Protocol 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 All.Art Protocol.
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.