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Artyfact

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Discover Artyfact's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Artyfact?

Artyfact (ARTY) is a native, deflationary cryptocurrency and governance token within the Artyfact ecosystem, a blockchain gaming platform that combines traditional gaming techniques with new blockchain technology. It is used in the platform's "play-and-earn" games, maintaining a constant demand and stimulating the growth of its value.

How is Artyfact used?

Artyfact (ARTY) is the native token of the Artyfact ecosystem, a platform that combines digital art, NFTs, and immersive blockchain gaming. ARTY is used as the primary currency within the ecosystem, facilitating various activities such as creating, collecting, and trading digital art and NFTs.

In the context of gaming, ARTY is earned by playing in different game modes, and it is used to value the crypto tokens and NFTs earned during gameplay. This token plays a central role in the Artyfact metaverse, enabling users to engage in various activities and transactions within the platform.

How do I store Artyfact?

To store Artyfact (ARTY) tokens securely, it is recommended to use cold wallets, which are offline and disconnected from the internet. There are two types of cold wallets:

  1. Paper Wallet: This involves generating a public and private key offline and printing them on a piece of paper. The keys are in the form of QR codes, which can be scanned for future transactions. This method is simple and secure but may not be suitable for large quantities of tokens.

  2. Hardware Cold Wallet: This is a physical device that stores your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person possessing the USB drive can access the assets. Hardware wallets are considered more secure and are often preferred for storing large amounts of tokens. Ledger is a well-known and secure hardware wallet option.

How to buy Artyfact?

To buy Artyfact (ARTY) tokens, follow these steps:

  1. Decide where to buy Artyfact: Choose a reliable cryptocurrency exchange that supports ARTY. Popular options include KuCoin, CoinEx, OKX, Bybit, gate.io, and MEXC. Research each exchange to compare fees, security features, and supported currencies.

  2. Set your investment budget: Determine how much you want to invest in ARTY.

  3. Research your Artyfact investment: Learn about the Artyfact ecosystem, its use cases, and market trends to make an informed investment decision.

  1. Create an account on the chosen exchange: Register a free account on the selected exchange, providing necessary personal information. You may need to complete KYC (Know Your Customer) verification to increase withdrawal limits and unlock additional features.

  2. Make a deposit or buy Artyfact with a credit or debit card: Fund your exchange account using various payment methods, such as bank transfers, credit cards, or debit cards.

  3. Place an Artyfact buy order: Navigate to the ARTY trading pair on the exchange and place a buy order at your desired price.

  1. Store your Artyfact tokens securely: Transfer your ARTY tokens to a cold wallet, such as a paper wallet or a hardware wallet, for long-term storage and security.

  2. Keep track of your Artyfact investment performance: Monitor the ARTY price and market trends to adjust your investment strategy accordingly.

By following these steps, you can successfully buy and manage your Artyfact (ARTY) tokens.

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History of Artyfact

Artyfact (ARTY) is a cryptocurrency token that has been actively traded on various exchanges. The token is part of the Artyfact blockchain gaming platform, which focuses on play-and-earn games and combines traditional video game techniques with blockchain technology.

Price Performance

Artyfact's price has experienced significant fluctuations. The all-time high for ARTY was recorded on December 27, 2023, at BTC0.00007551. Conversely, the all-time low was recorded on April 18, 2024, at BTC0.00001279. The current price is significantly lower than the all-time high, indicating a substantial decline.

Trading and Market Data

ARTY tokens can be traded on several centralized exchanges, including KuCoin, Gate.io, and OKX. The most active trading pair is ARTY/USDT on KuCoin. The token's market capitalization is substantial, ranking it among the top 1,500 cryptocurrencies by market cap.

Community and Development

Artyfact is known for its innovative use of AI technologies in gaming, including AI NPCs, AI content generation, and AI cheat detection. The platform aims to revolutionize the gaming experience and game development process.

Investment and Risks

Investing in Artyfact, like any cryptocurrency, carries significant risks due to market volatility. It is crucial for investors to conduct thorough research on the project's white paper, team background, tokenomics, and market environment before making investment decisions.

Overall, Artyfact is a blockchain gaming platform with a cryptocurrency token that has experienced significant price fluctuations. Its innovative use of AI technologies in gaming sets it apart, but investors should be cautious due to the high risks associated with cryptocurrency investments.

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How Artyfact works

Artyfact (ARTY) is a native deflationary cryptocurrency and governance token that powers the Artyfact ecosystem, a metaverse platform focused on immersive blockchain gaming and digital asset creation. Here's an overview of how it works:

Governance and Decision-Making

Artyfact places decision-making power in the hands of its players, fostering a sense of ownership and collaboration within the community. This ensures that the platform evolves based on the collective input of its users, making it a decentralized and community-driven environment.

Digital Assets and NFTs

Artists and creators can mint their digital assets as non-fungible tokens (NFTs) on the platform. These NFTs can be traded, sold, or collected, providing a unique way for creators to monetize their digital work.

Gaming and Virtual Events

The platform hosts occasional virtual events where players can compete to earn prizes and rating points. Additionally, players can launch battles, engaging in immersive gameplay experiences. This combines traditional gaming with blockchain technology, creating a new era of Play-to-Earn (P2E) gaming.

Legendary Characters and Avatars

Artyfact introduces legendary characters that act as avatars, catering to both traditional gamers and crypto enthusiasts. These avatars enhance the gaming experience and provide a sense of identity within the metaverse.

Tokenomics and Deflationary Nature

As a deflationary cryptocurrency, the ARTY token is designed to decrease in supply over time. This mechanism helps maintain the token's value and incentivizes users to participate in the ecosystem, contributing to its growth and sustainability.

Overall Ecosystem

The Artyfact ecosystem is built around the ARTY token, which serves as the primary currency for transactions, governance, and interactions within the platform. By combining blockchain gaming, digital asset creation, and community-driven governance, Artyfact creates a unique and immersive experience for its users.

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Artyfact's strengths

The token Artyfact (ARTY) has several strengths that contribute to its potential success:

  1. Dynamic Economy: ARTY powers a dynamic economy within the Artyfact ecosystem, which includes gaming, events, and an NFT marketplace. This economy is driven by the token, ensuring a constant demand and stimulating its value growth.

  2. Play-and-Earn Model: The play-and-earn model allows users to engage with the ecosystem and receive rewards in ARTY and exclusive NFTs. This model encourages user participation and fosters a sense of community.

  3. Governance: ARTY serves as a governance token, giving users increased voting power in the Artyfact DAO when staked. This promotes community engagement in the platform's governance and decision-making processes.

  1. Deflationary Supply: The total supply of ARTY is capped at 25,000,000, which adds a deflationary aspect that enhances its value over time.

  2. Multifaceted Experience: Artyfact offers a wide range of activities, including AAA quality GameFi games, NFT trading, virtual events, and socializing opportunities. This diverse experience attracts a broad user base and increases the token's utility.

  3. Security and Transparency: The project has undergone security audits and team KYC, ensuring a high level of security and transparency within the ecosystem.

These strengths collectively contribute to the potential growth and success of the ARTY token within the Artyfact ecosystem.

Artyfact's risks

Artyfact (ARTY), a cryptocurrency project, is exposed to various financial risks that can impact its value and stability. These risks include:

  1. Market Liquidity Risk: ARTY's market liquidity risk arises from the possibility that there may not be enough buyers or sellers to facilitate transactions at a fair price. This can lead to significant losses for investors if they are unable to sell their tokens quickly enough or at a desirable price.

  2. Speculative Risk: ARTY, like any other cryptocurrency, is susceptible to speculative risks. This occurs when investors make decisions based on uncertain outcomes, such as market trends or price predictions. If these predictions do not materialize, investors may incur significant losses.

  3. Currency Risk: As ARTY is a cryptocurrency, it is exposed to currency risks. Changes in interest rates, monetary policies, and market prices can affect the value of ARTY, leading to potential losses for investors.

  1. Default Risk: ARTY's value can be impacted if the project's developers or associated parties default on their debt obligations. This can lead to a loss of investor confidence and a decline in the token's value.

  2. Operational Risk: Poor management or flawed financial reasoning within the Artyfact project can lead to operational risks. This includes the possibility of technical failures, security breaches, or inefficient use of resources, all of which can negatively impact ARTY's value.

  3. Volatility Risk: Cryptocurrencies are known for their volatility, and ARTY is no exception. Sudden changes in market sentiment or global economic conditions can cause significant price swings, leading to potential losses for investors.

  1. Regulatory Risk: ARTY is subject to regulatory risks as governments and financial institutions continue to develop and refine their policies on cryptocurrencies. Changes in regulations can impact the token's value and usability.

  2. Liquidity Risk: ARTY's liquidity risk is also influenced by its availability on exchanges and the ability of investors to easily buy and sell the token. If liquidity is low, investors may face difficulties in converting their tokens to other assets or cash.

  3. Project Risk: The success of ARTY is closely tied to the success of the Artyfact project. If the project fails to deliver on its promises or experiences significant setbacks, the value of ARTY can decline.

  1. Investment Risk: Investing in ARTY, like any other cryptocurrency, carries inherent risks. Investors should be aware that they may lose some or all of their investment if the token's value declines.

It is essential for investors to thoroughly understand these risks and conduct thorough research before investing in ARTY or any other cryptocurrency.

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Artyfact's ecosystem

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Artyfact’s team

  • Oleg Boytsov (CEO & Founder): Claims to have worked on multiple Fintech/Blockchain projects from Europe, and is the founder of the cryptocurrency hedge fund 'X8 fund'. He is the CEO and creator of the idea behind Artyfact, a GameFi metaverse with an NFT economy.
  • Cameron Pino (CMO): Has 20+ years of experience in building businesses across several sectors, including communications, media, and online sales. He is also the co-founder and blockchain advisor at York St Capital, an incubator, accelerator, and venture fund for blockchain.
  • Gaurav Solanke (CTO): Has 5+ years of experience in blockchain development and is the co-founder of an Indian-based blockchain software development company called SDLC Corp. His company is involved in building the game for Artyfact.
  • Shankar Langote (Senior Developer): Leads the development team and has the necessary credentials and experience to execute the technology side of the project.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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