Last Updated：26/10/24
Overview of Zoom Art Services
Provides New Options
Target Collection Items
Accept Any Valuable Collection
We targets collection items that have asset value and are typically auctioned. Even if not listed at an auction, any item deemed valuable in the secondary market is also eligible.
Target Collection Items
Accept Any Valuable Collection
By Depositing Art, You Can Receive Tokens
Tokens are lent based on the appraised value of the artwork deposited in the warehouse. The lent tokens can be used freely for investment or sale.
You Won’t Lose When Withdrawing Art
You can withdraw your artwork by returning the tokens you initially received. Even if the token price drops, returning the original tokens will ensure your artwork remains in its original state, preventing any loss.
*Warehouse storage fees and other related costs will apply.
Increase Tokens Through Staking
By depositing the received tokens into a system called staking, you can increase the tokens at an annual rate of up to 15%. The original tokens will always be returned, and the increased tokens can be used as profit.
*The revenue amount varies depending on the token price.
Cover Warehouse Storage Fees Through Operations
You can use the tokens increased through staking to pay for warehouse storage fees. Depositing alone might have resulted in a negative return, but by depositing with warehouse companies partnered with ZoomArt, you can turn it into a positive return.
*Results vary depending on the amount deposited and market prices.
Comparison with Existing Services
Returns from Operations
ZoomArt maximizes storage environment and security, creating a platform that can maximize returns from operations. While each service has its own merits and demerits, ZoomArt is the only one in the world that enables users to target returns from operations.
Use Cases for Tokens
ZMAT Expand Art Possibilities
ZoomArt maximizes storage environment and security, creating a platform that can maximize returns from operations. While each service has its own merits and demerits, ZoomArt is the only one in the world that enables users to target returns from operations.
Collaborations
ZoomArt’s Partner
between the arts
between the arts is the largest partner of the ZoomArt project. They operate art warehouses primarily in Asia, with total assets under management exceeding 33 billion yen. They are a highly reliable and experienced partner.
Worldwide expansion
ZoomArt’s art warehouse partners are located all over the world. You can participate in this ZoomArt project and contribute to this ecosystem from anywhere in the world. We will improve the liquidity of artworks and collectible items from around the world and create new markets.
How to Use
Usage Flow
STEP
Assessment to partner
Assessment to partner
Please contact your favorite warehouse partner and we will assess the artwork and confirm the storage conditions.
STEP
Deposit contract with partner/receipt of deposited NFTs
After signing a storage contract with our partner, once the deposit is actually completed,
You will receive an NFT from the partner as proof of your deposit.
STEP
Permission to peg deposited NFTs
Permit the received NFT to be peg with the ZoomArt system. By allowing pegage, information such as the assessed amount can be automatically obtained, and the amount of tokens to be granted will be determined.
STEP
Receive tokens according to the evaluation value
Immediately after ③ is completed, tokens will be automatically granted. Tokens can be managed in MetaMask wallets or wallets provided by partners.
STEP
Token operations such as staking
You can increase your income by buying and selling the tokens you actually receive, or you can operate them stably using the staking system.
STEP
Earn rewards
Proceeds from token operations can be returned to legal currency, used to purchase art, etc.
It can be used for various purposes.
FAQs
What is ZoomArt?
ZoomArt is a project that issues tokens using collectible items from around the world as collateral and increases liquidity and value. Collectible items refer to valuable items that can be sold at auction, such as art, watches, branded items, precious metals, and wine. These have a lack of secondary markets and funding methods, resulting in a decline in the liquidity of their holders. In order to solve such issues, we aim to increase liquidity through tokens.
What happens to the token when I withdraw the artwork?
First, this token will be issued using collection items as collateral. The issued tokens will be distributed to each stakeholder according to a predetermined distribution. The depositor also receives a token, but the depositor can withdraw the collection item by returning this token to the system. When you withdraw a collection item, the tokens issued associated with that artwork will be burnt from the system. This maintains a balance between collectible item market capitalization and token market capitalization.
What happens if the price of the token goes down?
In order for the depositor to withdraw the collection item, he/she can keep the collection item by returning the same amount of tokens as the tokens originally granted. Therefore, you will not lose your collection items as long as you do not sell your tokens. Even if the token price falls, it will only reduce the valuation of the token in hand, and if you return the token, there will be no effect on the collection item.
When looking at the ecosystem as a whole, it is problematic that there is a discrepancy between the collateral price and the token market capitalization. We will correct this by conducting a review of the valuation of collection items'' with our partners andadditional procurement of artworks” through token governance.
Will the operation be positive?
The premise is that the costs incurred are “partner service usage (storage fees, etc.)” and the revenue generated is “operation fees from token sales profits and staking.” Unless you manage it yourself, you will basically be charged storage fees, so there is a possibility that operations will be improved from the current situation. However, costs and profits will vary depending on the valuation of the collection item and the market price of the token. Earnings from operation are not guaranteed, and our company will not be responsible for any damage or loss that may occur.
What happens if there is theft or disaster at the art warehouse?
Coverage varies depending on the partner’s own risk measures. ZoomArt is not responsible for any risks incurred by partners. Please see our partner coverage details for more details.
When ZoomArt determines that the artwork is no longer under its control, it will forcibly burn the token.
*This is a general description of the art warehouse’s compensation details for reference. Breakage, damage, staining, etc. caused by theft or poor management are generally covered by compensation, while unavoidable disasters or material problems are often not covered by the warranty.
