Abdullah Qandeel, a Saudi creator, goes live today with his “Artist Approved Non-Fungible Physical and Digital Tokens (AP-T / AD-T),” which for the first time combine physical and digital assets in one token that only from the original creator Creation can be shaped, as announced in his white paper “The AP / AD Token Standard”, which was co-written by Alex Alexandrov.
His first AP-T / AD-Ts are available exclusively on the decentralized exchange platform ChilliSwap. Qandeel combines the worlds of art and blockchain by making his unique abstract creations available on the new and updated ChilliSwap platform.
The first creation to be minted according to the new AP / AD standard is an AP-T from Ambition Man. As an AP-T, the token is a combination of physical and digital aspects of creation, the IP of which is embedded in the token itself.
The physical aspect of the token is the oil-on-canvas painting, which is 60 “by 40” in size. In addition, the AP-T contains the rights to a unique one-minute video based on the Ambition Man artwork.
The AP / AD standard enables creative energy to be tokenized. Any creation can be embossed as either AP-T or AD-T including paintings, music, sculptures, drawings, videos, etc.
Unlike traditional tokens currently available in the market, tokens minted according to the AP / AD standard are superior in protecting the interests of both the creator and the collector as they have three unique characteristics:
- The IP rights to the creation to be tokenized are embedded in the token itself and passed on to the collector.
- Tokens that were minted according to the AP / AD standard ensure fair remuneration of the original creator through the introduction of an Enhanced Royalty System (ERS).
About Abdullah Qandeel
Mr. Abdullah Qandeel is a 33-year-old Saudi Arabian artist who creates abstract paintings with bold use of colors and linings.
Qandeel is a dedicated creator as well as an ambitious, politically and culturally conscious global citizen. His first creation, embossed according to the AP / AD standard, is now available at ChilliSwap; Please visit the website to see his innovative art.
ChilliSwap is a DEX (Decentralized Exchange) platform and ecosystem for users to trade tokens, earn farms / stakes, and it is also the world’s only AP-T / AD-T marketplace. It is a decentralized multichain platform that enables users to place Ethereum and Binance smart chains without the need for a single owner or operator.
ChilliSwap facilitates peer-to-peer Bitcoin transfers while enforcing strict security rules. Decentralized exchanges exist to solve problems caused by centralized exchanges such as price manipulation, incorrect trading volumes and much more.
To learn more, visit: chilliswap.org
Disclaimer: This is a paid post and should not be treated as news / advice.