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APENFT —— A Project Committed to Linking World-Class Artworks with Blockchain
**Website Explorer Whitepaper**
Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world's largest distributed storage system Bittorrent File System (BTFS) to deliver the mission of registering world-class artworks as NFTs on the blockchain.
Core businesses of APENFT include: investing in top NFT platforms and artworks, incubating leading NFT artists to build a bridge between world-class artists and the NFT world; sponsoring galleries, organizing art exhibitions or publications, and setting up awards to support art creation and criticism; establishing art collections, etc.
The establishment of APENFT is based on the background that NFT has become an upsurge in the industry, blockchain technology continues to develop in depth, and is integrated into the real world to establish deeper and deeper links. There are now three major use cases in the blockchain industry, namely value exchange, collaboration, and record-keeping. The unique NFT fits in all three of the use cases. It is not only a hot trend in the blockchain industry but also a critical element that is very likely to revolutionize the industry and take it to the next level.
By applying blockchain technology into the NFT world, APENFT expands the use cases of blockchain. APENFT purchases well-known traditional and NFT artworks as underlying assets, and works to improve the NFT trading standard. It provides support to government agencies, universities, lawyers and industry elites in issuing policies that govern the healthy development of the industry.
NFT, as the sole token issued by APENFT, is a decentralized digital currency developed in compliance with the ERC-20/TRC-20 protocol, and also serves as a proof of stake of the foundation. NFT holders can vote, share profits and participate in community events.
The president of APENFT, Steve Z. Liu, holds a bachelor in Electrical Engineering from Zhejiang University and an MBA in Finance from Columbia Business School. He has extensive experience in the international capital markets, previously spent over 20 years working for major financial institutions including Fidelity International, Salomon Smith Barney, Nomura International, Ant Financial Group, etc. Steve has successfully established and managed institutional equity business for a number of Chinese securities firms.
Most of the APENFT team members are experts from the traditional art industry with experience in renowned art institutions, such as Christie's and Sotheby's. Our core members include professional engineers with blockchain and cryptography related experience from leading internet companies such as BAT. APENFT is a leading player in the NFT field both in terms of its team and technical capacity.
APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world's largest distributed storage system Bittorrent File System (BTFS) to deliver the mission of registering world-class artworks as NFTs on the blockchain.
The technical logic to realize artworks NFTs is: After the directly generated digital works and traditional artworks are digitized, the relevant information, such as the author, creation time, the work itself, etc., are packaged and written into the BTFS decentralized storage system. Then write the stored address into the smart contract in the ERC721/TRC721 standard on the blockchain to generate a unique token. Because the creator and the digital file are permanently linked together, the uniqueness and authenticity are guaranteed.
Since its founding, APENFT has entered into partnerships with Christie's, Sotheby's and Nifty Gateway, the world's largest NFT auction houses, as well as Beeple, the well-known NFT artist, with the user base of the two top public chains, which lays a solid ground for expanding its market influence.