All.Art Protocol

## What Is All.Art Protocol (AART)?

The All.Art Protocol marks an advance in digital assets and NFT technology. It innovatively combines enhanced standards, embedded license rights, and creator economies, aiming to fuel digital asset adoption and redefine digital ownership. By storing industry-specific metadata on-chain, All.Art Protocol introduces superior NFT standards that set the stage for widespread NFT usage across various industries.

The $AART token, exhibiting utility since its inception, serves as the powerhouse across all ALL.ART products. When staked on [SolSea NFT marketplace](https://solsea.io/), $AART not only unlocks gold listings but also reduces trading fees. It also serves as the main currency within the metaverse, powering all user transactions. This dual functionality provides holders with a tangible benefit and an incentive to engage with the ecosystem.

All.Art Protocol runs on the Solana blockchain, offering high-speed, low-cost transactions with Layer 1 scalability, minimal energy consumption, and upgradable smart contracts.

### Who Are the Founders of All.Art Protocol?

Established in 2018 by Vitomir Jevremovic, [VR All Art](https://vrallart.com/) laid the groundwork for the development of the All.Art protocol. Serving artists, galleries, and museums, the platform overcomes physical and temporal boundaries in the art space. This innovative strategy led to the incorporation of blockchain-based art trading in virtual exhibitions, denoting a key evolution in the All.Art protocol.
The platform has since evolved and incorporated blockchain technology after its successful development during the [Solana seasonal Hackathon in 2021.](https://solana.com/news/announcing-winners-of-the-solana-season-hackathon)

### What Makes All.Art Protocol Unique?

All.Art Protocol is distinguished by its comprehensive range of products, tools, and features that empower creators to build and manage distinctive ecosystems across diverse industries. A defining aspect of the protocol is its cutting-edge approach to on-chain intellectual rights management. This ensures that digital assets are safeguarded and appropriately handled.
As metaverses rise in prominence, NFTs become instrumental in redefining digital ownership. Unique to our protocol are NFTs embedded with licenses. This innovative feature emphasizes the paradigm shift in digital asset ownership and management.
		
### How Many AART Coins Are There In Circulation?

With a total supply of 5 billion $AART tokens scheduled for release over six years, the protocol prioritizes long-term stability. All tokens are designed to undergo extensive locking or vesting periods to ensure a measured distribution. Currently, tokens are allocated as follows: 19.5% for the ecosystem, 2% for public sale, 5% for liquidity, 5% for advisors, 22.5% for the team, 16.7% for the private round, and a notable 29.3% for the treasury.
	


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