MurAll is a digital canvas that leverages blockchain technology to create a decentralized platform for artistic expression without limitations. The collaborative mural allows anyone to contribute, facilitated by the PAINT token which gives holders the ability to draw two pixels per token. Once used, PAINT tokens are burned, making it a deflationary asset intended to incentivize thoughtful contributions as the supply decreases over time. This approach aims to harness the capabilities of blockchain to establish MurAll as an evolving collective artwork that is preserved indefinitely through decentralized record-keeping. By aligning art and blockchain concepts, MurAll seeks to remove restrictions to access and creativity generally imposed by centralized platforms. The non-fungible nature of contributions provides uniqueness while the decentralized structure allows the mural to grow unbounded based on participation.
The PAINT token is designed as the medium of exchange on the MurAll platform, allowing users to draw on the collaborative digital canvas. Structured as an ERC-20 token on Ethereum, it aims to provide transparency and security through the underlying blockchain technology. The total supply is finite at 22 billion tokens, with each pixel drawn costing 0.5 PAINT, which is then burned to make the token deflationary over time. As the supply decreases with canvas activity, the value of remaining tokens may increase based on market dynamics of scarcity. Distribution focused on making PAINT accessible to artists rather than financial speculators, with no ICO or pre-sale. The rest of the supply is allocated to founder funds, team funds, and incentives for liquidity providers to facilitate ecosystem growth, such as tradable, time-locked liquidity via CryptoBonds on partner networks like SYNC.
MurAll has distributed its native PAINT tokens with a focus on empowering artists and rewarding early NFT holders. Over 80% of the supply was made claimable by recognized artists and ERC721 holders based on 2020 snapshots, demonstrating a commitment to decentralizing access. Allocations were also set aside for the founders and team to enable long-term sustainability through covering operations and growth. PAINT can be traded on exchanges, increasing accessibility. On the platform, artists spend PAINT to draw on the collaborative canvas, burning tokens in the process. This deflationary tokenomics model incentivizes thoughtful contributions and aligns with MurAll's ethos of promoting artistic expression through collaboration. Overall, the distribution and integration of PAINT tokens represent a strategic approach to bootstrap adoption and facilitate participation of the creative community in a sustainable manner.
MurAll operates on both the Ethereum and Polygon blockchains, allowing for interoperability between different blockchain ecosystems. The native token, PAINT, has contract addresses available on each network so users can interact in their preferred environment. While PAINT cannot be staked, it enables liquidity provision to Uniswap pools, allowing holders to contribute to platform liquidity and earn rewards. Through a partnership with SYNC Network, MurAll also introduces CryptoBonds, tradable time-locked liquidity bonds that combine decentralized finance and NFTs. These add utility and potential value to PAINT by enabling another form of liquidity provision that is secured and tradeable. Overall, MurAll’s multi-chain structure, native token, liquidity pools, and CryptoBonds introduce various opportunities for users to engage with and support the platform’s technical infrastructure.
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The information presented in this article is intended solely for general informational purposes. It should not be construed as recommending an investment strategy or as advice to participate in any particular investment. Readers should conduct independent research and/or consult with a financial advisor before making investment decisions. The data cited is drawn from sources believed to be accurate as of this writing, but subject to change without notice. Neither the author nor the publisher has any affiliation with the MurAll project or related entities, and this analysis is provided independently based on publicly available data. Cryptocurrency investment carries inherent risk of capital loss, and readers assume full responsibility for their financial decisions. This article and its publisher disclaim responsibility for any gains or losses resulting from reader investments in MurAll or any other cryptocurrency.
In recent news about MurAll, the platform has seen significant growth and innovation. MurAll is a unique digital canvas that exists on the blockchain, allowing artists to create and alter artwork using a fixed supply token called PAINT. Once used, these tokens cannot be reused, mimicking the permanence of real-life paint.
MurAll has made strides in community engagement and decentralization. They've launched a Decentralized Autonomous Organization (DAO), which allows community members to participate in decision-making processes. This ensures that the platform's future aligns with the collective vision of its users. MurAll has also launched a public beta of its DAO proposal system, further empowering its community.
MurAll has introduced several technological advancements. They've developed a proprietary image encoder/decoder to optimize image data and save costs for artists. They've also introduced an AI feature, Text-to-Image Generation, which allows users to transform their words into visual art. Additionally, MurAll is integrating Chainlink Verifiable Random Function (VRF) for randomized minting of its NFT Frames Collection.
Looking ahead, MurAll has announced the development of MurAll Evolv3, a new digital canvas with advanced features like support for images and videos, full-color capabilities, and DAO-governed paint costs. This development is set to usher in a new era of artistic expression. If you're wondering where to buy MurAll, you can acquire PAINT tokens on the platform to participate in this artistic revolution.