MADworld (UMAD)

MADworld is a NFT platform for both real world and digital collectibles where the value and provenance of the artist and creator is protected on the multiverse.

Whitepaper

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Interest lvl

Medium

Updated: Nov 30, 2021

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User Rating

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4.5/5 • 2 votes

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Ticker

UMAD

Type

Utility-token

Registration year2021

Launchpads

Mantra DAO ZENDIT

What is MADworld

As more digital assets are produced as NFTs it is becoming more difficult and complex to verify and protect original creation and thereby its true value. MAD proposes a DAO mechanic to ensure that authentic creators are independently verified and validated.

To protect artists in the multiverse, MAD has a decentralized autonomous organization (DAO) of appraisers who evaluate NFT pieces. MAD DAO is comprised of both MAD team and UMAD token holders. Reputable art and NFT organizations including Metapurse, Animoca, etc, are also invited to the DAO to elevate its trustworthiness and to ensure all NFT pieces are well-evaluated.

Together with a collateral mechanism, the independent and community-driven DAO guarantees artists and collectors the value of their art pieces - the collectors will be able to collateralize their NFT to borrow UMAD, maximizing their capital efficiency at the same time. This mechanism ensures the artwork is of a certain value and does not fluctuate due to uncontrollable variables.