BeArt: A platform focused on global high-value art RWA and WEB3 encrypted asset issuance and trading. The first Genesis NFT series is coming soon!

9 min readApr 17, 2024

Introduction

It has been quite some time since the explosive growth of NFTs in 2021. In today’s crypto market, the excitement around NFTs in various applications like GameFi, SocialFi, and other blue-chip projects in 2024 has dwindled significantly compared to the previous year.

However, people certainly cannot forget the creative explosion in the art field brought about by NFTs, which is still remarkable and nostalgic to recall today. We cannot forget the auction price of over $60 million for “Everydays: The First 5000 Days” or the frenzy ignited by CryptoPunks in the early days of NFTs.

At that time, the rise of the NFT craze shifted mainstream perspectives on the crypto industry, presenting it in a more accepted form — crypto art. Despite the subsequent crypto market downturn, the NFT bubble eventually burst and never returned to its peak market values.

Nevertheless, public awareness of NFTs as a form of artistic expression continues to this day, providing new directions for various industries such as luxury goods, art, and intellectual property in the realm of derivative economies.

Among these emerging trends is the rise of RWA (Real-World Assets) in recent years, primarily applied in various art derivative fields. Given its technical resemblance to NFTs, RWA can be understood as a different variant of the same type of crypto asset.

This article introduces BeArt, a platform dedicated to the issuance and trading of RWA assets, with a primary focus on physical art categories.

About BeArt

BeArt is a platform dedicated to the issuance and trading of high-value art RWA (Real-World Assets) and Web3 encrypted assets globally. Through a combination of technology and financial innovation, BeArt has achieved the mapping of real-world artworks in crypto space. Leveraging its patented CATALOGUE Authentication System, BeArt has introduced a comprehensive suite of NFT-like encrypted assets known as RWA, along with derivative asset RWAD based on protocols similar to ERC721 and ERC1155.

RWA represents an innovation distinct from traditional NFT artworks. BeArt employs a proprietary technology deeply rooted in the intrinsic value of real artwork and a 100% mapping standard. While RWA shares similarities in form with NFTs, they utilize different blockchain technology standards and have distinguishing characteristics, with RWA offering a more comprehensive mapping of real artworks.

While some traditional art auction houses are also venturing into issuing RWA assets, these are often lightly derivative of the artworks themselves, akin to various brand licensing activities, without significant differences in essence.

In contrast, BeArt positions RWA as its primary business, striving for a 100% on-chain mapping of physical artwork through its patented CATALOGUE Authentication System. BeArt has developed various application scenarios and platform economic governance models around RWAD.

Artworks themselves possess added value due to cultural, religious, and aesthetic factors, making them a category of heavy asset investment with relatively high market entry barriers. Leveraging blockchain technology innovations such as perpetual storage, decentralization, and transaction circulation, artworks naturally lend themselves to being forms of real art derivatives. Therefore, BeArt has chosen to leverage this innovative technology.

CATALOGUE Authentication System

The CATALOGUE Authentication System, introduced by BeArt, is a patented technology focused on achieving a 100% real-world mapping of artwork in crypto space. It can be understood as the “forging system” for art RWA (Real-World Assets) assets.

The CATALOGUE system comprises two fundamental functionalities:

Authentication: Utilizing blockchain and interdisciplinary science, this system provides identity authentication and authenticity verification for artworks.

Art Genome Card: This represents the data credential and visual presentation results of the CATALOGUE system, serving as a unique identification RWA asset card (record). It assists collectors in quickly understanding or sharing the “past and present” and “DNA information” of an artwork and its derivatives.

BeArt RWA Asset Standard

BeArt’s primary RWA asset standard incorporates a series of advanced technologies, including optical scanning, image recognition, 3D modeling, photogrammetry, as well as detailed material and color analysis. These technologies collaborate to construct an accurate three-dimensional genetic image and data down to the micron level. This not only records the basic sequence information of the artwork but also includes a detailed presentation of its three-dimensional structure.

Meta Space

In addition to basic RWA asset issuance, BeArt has introduced a modular integrated product called the RWA Collection Bank to facilitate the circulation and economic augmentation of RWAD.

The core of this initiative is to enhance the efficiency of funds and transactions for both buyers and sellers, expand into more commercial scenarios, create additional value, provide financial derivative services for art collectibles, and offer value-added financial services to users.

The RWA Collection Bank includes the following components:

RWA Collection: Carefully crafted by BeArt using advanced CATALOGUE authentication technology. This aims to provide a unique collection series based on the genetic identity of physical artworks. This certification ensures not only the uniqueness of the artwork but also overcomes obstacles to physical space limitations, enabling collections to freely circulate globally.

RWA Derivatives (RWAD):

The RWAD series includes RWA Option and RWA Fractions product lines, based on the foundational value assets of RWA Collection, providing options and fractional ownership investment opportunities.
RWA Option inherits features from traditional financial options, allowing investors to buy or sell artwork at a predetermined price in the future to hedge market volatility risks and promote value discovery in the NFT market.
RWA Fractions represent a unique innovation in the blockchain space, allowing users to participate in high-value art investments with minimal investments by combining and dividing ownership rights of one or a group of artworks, enjoying high returns and low risks associated with art investments.
Art RWA Insurance: By conducting precise art value assessments, this service provides comprehensive insurance coverage for collectors, reducing investment risks. This not only protects user investments but also brings more stability and prosperity to the entire art market.

Additionally, BeArt’s future roadmap includes the BeArt Artverse, a Meta Space design. For more details, please visit the official website: BeArt.

Economy and Governance

BeArt’s business model primarily targets sellers and bidders, gradually serving three stages of users over time and development, providing core services in the following three areas:

BeArt Labs: Provides services for the authentication, conversion, and casting of physical collections into RWAs, digitizing traditional artworks.
Collection Trading and Financial Services: Offers comprehensive support for collection trading and additional financial services to facilitate the circulation and value realization of artworks.
Platform-wide Subscription Services: Targeted at VIP users, providing exclusive subscription services including advanced access and customized offerings.

BeArt Token

The BeArt Token serves as both a medium of exchange within and outside the ecosystem and as a connector between various participant users and platform sectors, playing a dual role in governance and utility.

Utility: The token enables users to participate in ecosystem activities such as art trading, service acquisition, and community voting, serving as a primary tool for value circulation within the ecosystem.
Governance: Token holders can participate in BeArt’s ecosystem governance, voting on key decisions regarding ecosystem development direction, rule changes, and ensuring democratic and transparent governance of the ecosystem.

Genesis NFT

The BeArt Visionary Club NFT represents the platform’s initial original NFT series, consisting of 9,999 tokens, based on the BVC blockchain, and will be publicly available for sale on the Opensea platform.

Specific entitlements include:

Top 100–10% Revenue Sharing: As a Genesis NFT holder, users will enjoy a commission sharing from transactions involving the top 100 RWA Collection artworks, providing a direct reward for your identity and investment value.
5% BeArt Dividend Pool: Holding a Genesis NFT also means users will receive a portion of BeArt profits, serving as a reward for long-term support.
20% Transaction Fee Discount: When trading crypto assets or art assets on the BeArt platform, holders will benefit from an additional commission discount, reducing transaction costs.
Discounts/Free VIP Tickets for Offline/Online Art Exhibitions: Genesis NFTs offer VIP experiences for both online and offline art exhibitions, including discounted or free tickets, allowing you to experience the charm of art up close.
Priority Rights to Personal Art Galleries: Users will have the opportunity to gain priority access to owning a personal art gallery (Artverse & Art Space) on the BeArt platform to showcase their art collection.
Other Exciting Features: Genesis NFTs will continuously develop and introduce more novel and interesting features, providing holders with a unique art world experience.

Note: The Visionary Club NFT series will undergo perpetual storage after sale, and holders of this series can participate in subsequent RWA asset-related gameplay and enjoy additional entitlements. Any unsold NFTs at the end of the sale period will be permanently destroyed.

Roadmap

Previous Roadmap

2018: BeArt Web3 project officially launched, core team formed.
2019: BeArt strategic direction and technology roadmap established, technical development commenced; CATALOGUE System in development, exploring the implementation logic of Genetic NFT standards, determining on-chain technical solutions.
2020: Experimental-level demo completed under Genetic standards.
2021: BeArt Web3 product design and economic model design; CATALOGUE System MVP validated, commercial-level demo completed under Genetic standards.
2021: dWeb 1.0 product design and UI design; BeArt dApp 1.0 product design.
2022: BeArt Gallery dWeb 1.0 version in beta testing, BeArt Gallery dWeb 2.0 in beta testing; BeArt dApp 1.0 version in beta testing.
2022: Reached first BeArt Spaces collaboration, joint efforts with top global university labs to advance BeArt Genetic NFT standards, establish the CATALOGUE Authentication System.
2023: RWA Collection product demo design completed; on-chain data testing completed; BVC NFT design work completed.
2023: Collaboration with international artists and collectors, collecting top art across multiple categories, planning to create RWA; simultaneous beta testing of BeArt dWeb 3.0.

Current Roadmap

2024, Q1: BeArt Website V4.0 public beta launch, seed round financing completed; continuous updates and upgrades to various website functions, achieving on-chain minting for RWA Collection.
2024, Q2: BeArt whitepaper release, official launch of marketing and promotion activities, completion of angel round financing, official launch of RWA Gallery, release of Genesis NFT series. Concurrently, Auction Center feature officially (test) launched, allowing users to bid on desired RWA assets.
2024, Q3: BeArt Token airdrop and benefits landing phase.
2024, Q4: BeArt Token TGE (Token Generation Event), BeArt platform officially supports Token trading, consumption, and circulation; launch of BeArt dApp public beta version with Artverse functionality.

Event Preview

BeArt will launch a special participation event on Galxe platform on April 19th, where users can earn Genesis NFT OAT rewards by completing specified tasks. The Galxe event is linked to community social media tasks with relatively low participation difficulty.

Participants can access the BeArt Genesis NFT OAT page through various login methods, including X, Discord, and Telegram community social media tasks. Participation requires joining various official project communities. OAT rewards from this event will qualify for whitelist or airdrop benefits in the subsequent Genesis NFT sale process.

Media Channels

Official BeArt media channels are as follows:

Website: https://beart.one/
Discord: https://discord.gg/CQdNVsjybW
Telegram: https://t.me/BeArt_rwa
Twitter: https://twitter.com/BeArt_RWA
Medium: https://medium.com/@beartrwa
Gitbook: https://beart.gitbook.io/beart-whitepaper/
NFT Mint: https://opensea.io/collection/beart-visionary-club/overview

Conclusion

The encrypted assets introduced by BeArt represent the latest path combining traditional physical artworks with the crypto industry. Although the NFT trend may have waned, traditional artworks in the form of RWA encrypted assets, coupled with the endorsement of the CATALOGUE Authentication System, are expected to gain widespread acceptance in future bilateral markets.

After all, the value of art lies in the enduring duality of spirit and matter, and their combination will bring about many new changes.