AIRTIST
  • GETTING STARTED
    • Welcome
    • Official Links
    • Background
    • What is AIRTIST?
      • Why AIRTIST?
  • AIRTIST ECOSYSTEM
    • Outline
    • Inception
      • Creation of MASTER
      • Creation of the MAESTRO
      • Storage of DNN and Minting of the NFT
    • Manifestation
    • Proliferation
    • Other Technical Features
  • OVERALL CONSIDERATION
    • Why Blockchain?
    • Why MATRIX?
    • Why Ethereum?
      • Why Fractional NFT
    • AIRTIST as a Decentralised Ecosystem
      • Distributed Training
      • Distributed computing
      • Distributed storage
  • TOKENOMICS
    • AIRT Token
    • Token Distribution
    • Token Release Schedule and Rules for the Ecosystem
    • AIRT Mining
    • Utility of AIRTs
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  1. OVERALL CONSIDERATION

Why Blockchain?

AIRTIST is an NFT ecosystem of digital arts that are generated with AI algorithms. The essence of an NFT is the smart contract with a smart contract ID that marks the ownership of the digital asset. But simply using distributed training and distributed storage is not sufficient to create a decentralised NFT ecosystem as we also need to introduce blockchain and decentralised governance mechanisms to ensure:

(1) The ownership of NFT is confirmed and recorded on the Blockchain

(2) NFT transactions are executed by smart contracts on the Blockchain

(3) Essential activities such as changing system parameters and making essential decisions be managed through the consensus mechanism on the Blockchain

(4) Implementation of an incentive system for the participants and contributors

Consequently, the AIRTIST community can also be governed with a DAO architecture in the long run.

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Last updated 2 years ago