Ether-arts is an ERC721 standard backed art lottery ticket, which combines art and games. Based on the Ethereum blockchain, this new collectible can provide direct Ethereum compensation to the participants. Applying blockchain ensures that the user’s data and ownership are safe and the value of the digital collectible is protected as its issue volume is limited.

Whether a user wins or loses in the lottery, the card is re-used in the next winner’s draw endlessly.

Each card has its own color property. Although the paintings/artwork might be different, cards with the same color property will have the same price and publishing amount. The color properties are listed below.

Special Cards [Amber, Silver, Gold, Emerald, Sapphire, Ruby, Diamond] are not for sale and are listed only for marketing purpose. Each special card has two recipe cards and a player with two recipe cards can get that particular special card for free. However, the supply is limited.

Purchasing a card

Each Ether-arts card’s price and supply amount is unique based on its color property and can be purchased at a fixed price from the website. Additionally, 50% of the purchase amount is accumulated in the reward fund.

Small probability game at 50% discounted price

If a user wishes to play but feels that the cards are too expensive, they can opt for a small probability game that allows them to pay 50% of the price of each card. The smart contract will then decide if the user can get the card or not based on a fair and transparent random number.

Winner Selection

With this new blockchain game, players can get rewarded by the periodic lottery system, where every 10 days [days ending with 5, such as 5th, 15th, 25th], the smart contract chooses the 2 winner cards. Players holding these selected cards are given Ethereum rewards under a predefined policy.

The lottery algorithm receives random numbers from an external trustworthy source like wolfram alpha. What makes the external source more reliable is that the random number generated within the blockchain ecosystem can be unsafe and predictable, making the external source fair, provable, and transparent.

Reward Policies

Players who own both the winner cards will be the “first prize winners”. The first winners will share 45% of the total rewards fund and the reward is equally divided if there is more than 1 winner. A player will be considered as the “second prize winner” if they own either of the two winner cards selected, with a shared reward of 35% of the prize pool.

As there are only 2 winner cards, the 2nd prize winners are divided into two group and the second prize money can vary from user to user depending on the total supply of the cards owned and the number of people falling under this category.

For instance, cards A and B are winners. Group A, consisting of players who owned only card A will share 17.5% of the rewards fund, and group B, consisting of players who owned only card B will share 17.5% of the rewards fund. As 45% of the reward fund is shared by the first prize winners and 35% is shared by the second prize winners, the remaining 20% of the reward fund is transferred to the next round’s prize pool. This acts as a small motivator for new customers and ensures that the reward fund of the next round is not zero. Additionally, if there is no second prize winner, the 17.5% awarded to that card will also be credited to the next game’s fund.

User-to-user card exchange market

Integrated into the website, the user-to-user card transaction functionality helps the players sell an ether-arts card that they no longer need, at a favorable price of their choice. The prize is required to be registered at the “my collection” menu. All cards, even if they are up for sale, will be owned by the original owner until the cards are sold. Additionally, before the cards are sold, the original owner can also claim the mission rewards. The reward is assigned to the owner’s wallet address, not to the ether-arts card itself.

Copyright of a picture

Ether-arts respects the artists’ copyright and has entered into a copyright contract with 12 artists from around the world, as of February 2019, for using their artworks in the card design. The artists are paid a royalty of 10% of the total amount of the cards sold.

Furthermore, Ether-arts also has its own artwork created by the team’s own deep-learning algorithm. The special cards tagged with the artist name  “ether-arts.io” use the artwork generated by AI and the copyright of these pictures belongs to the ether-arts.io team.

In the case of classical paintings, 70 years after the artist’s death, the copyright expires in most of the countries and ether-arts uses these artworks as their commercial use is then allowed.

Collectibles as a new asset class

Ether-Arts is a new type of collectibles that combines art and game. This collection is also a type of investment asset that can provide a direct Ethereum compensation to the participants. The more cards you have, the greater the chance of reward you will have. The rarer card you have, the greater the amount of reward you will receive once selected as a winner. Try to join our brand-new game to get Ethereum rewards securely and transparently. This is a lottery card that never expires. If you own this card, you will also have an infinite opportunity to get Ethereum rewards. Ether-arts is a safe and exciting digital asset combining art and lottery.

Links

Website

Whitepaper [English]

Medium

Telegram community

Bitcointalk Announcement

The post World’s first collectible art lottery card [ETHER-ARTS] will give direct Ethereum reward to its owners appeared first on AMBCrypto.

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