VECTOR FINE ART EXCHANGE
VECTOR ENABLES ARTISTS TO GENERATE WEALTH
Traveling to different cities - developing Vector projects, we have found that Artists, Curators, and Institutions all over the world are struggling.
The existing systems both in the private and public sectors are not enough to support the global art community. One of the major problems that Artist face is they don’t have a reliable or stable income stream.
Vector is creating an ecosystem to solve this problem by providing a mechanism where artists who are curated into the system can generate an income.
PROOF OF CREATIVITY
We have developed a cross-chain digital platform (Metachain) using a proprietary blockchain based tokenization method that provides authentication, valuation, and royalty tracking for both analog and digital works of art. Once this is built Artist will have an independent mechanism to convert their work directly into a liquid fractionalized tradable asset. Artists will have the power to generate the income they need when they need it.
THE ART WORLD
IN THE ART WORLD
Traveling to different cities, developing Vector projects, we have found that artists, curators, and institutions all over the world are struggling.
No global standard for privately held ledgers of work
Art funds and auction systems are highly restrictive
Varying degrees of reliability in authenticating works of art
No method of royalty distribution
Limited ability for artists to generate income
Lack of security and trust in NFT exchanges
Depleting public funding for the arts
No “globally” adhered to system for valuation
No liquidity in art investments
Limited opportunities for people to invest in art
No reliable way to fractionalize ownership of a single artwork
Can't invest in art without purchasing the underlying asset
FOR THE ART WORLD
Vector is creating an ecosystem to solve this problem by providing a mechanism where artists can generate a reliable income.
Income stream for artists and institutions
Fractional ownership of artwork
Royalty tracking for works of art
Artists can reach a global audience
Investors can make speculate investments
Vector is a “NASDAQ” for the art market
Real time data transparency
A “Library of Alexandria” for the art world
Tokenized art is a liquid asset
Multiple investors in a single work of art
Immutable ledger records chain of ownership
Facilitates cataloging, investment, and discovery
Vector Shares / Ownership Smart Contracts
Vector Investment NFT / Exclusive Membership
Vector Coin / Gas & Dao Token
Digital wallet and exchange
Subscription data services
Shipping and storage services
Vectorspace [Metaverse] / Digital Land, Events
Smart contracts on Vector’s blockchain
HOW IT WORKS
The Vector Art Fund is the store of value for the Vector platform. Artwork is purchased, stored, value assessed, and tokenized into the Vector ecosystem. This process mints Vector Share Tokens. Vector Shares function as fractional ownership of an artwork and are forever associated with it, offering a wide array of functionality.
HOW IT WORKS
This diagram explains how an artwork becomes fractionalized in the Vector ecosystem. A creator hash value identifies the unique artist that created the work, this is the source of their commissions from tradable shares. Vector Shares are separated into two blocks – the ownership block and the tradable block. Information is permanently recorded and saved on our timestamped ledger, which become data points for analysis and reports.
Institutions gain access to a wide range of tools to reach a global audience of investors and collectors.
Ability to turn works of art into a liquid asset that can be fractionalized
Virtual gallery space to host exhibitions and events
Museums & Galleries catalog their art collection in the Vector ledger system
Artwork bought and sold through the Vector platform
Artist’s receive ongoing royalties from tokenized artwork
Cataloging system with greatly refined data collection and organization
Entire stock can be visible to a global audience
Manage inventory and sales in one place
Analyze and record real time data
Artist's gain access to a new and powerful way to monetize their art and build a following.
Artists are curated into Vector
Access to tools to manage their work
Residual tracking, sales data, and listings
Get paid as soon as work is tokenized
Receive ongoing royalties
Access to a global audience
Host shows and events
Interact with their followers
Generates an immutable historical record.
Patrons gain access to our ecosystem which enables them to build and share a collection of art
Purchase Vector Shares, Vector NFT’s, Vector Coin
Purchase shares of the art fund as a whole
Follow artists that you admire
Lowers the barrier of entry into the fine art market
Enables multiple people to own in a single work of art
Gain access to real time data to spot trends and assist with trading
Purchase fractional (or full) ownership of a given work of art
Purchase shares of a differentiated number of artworks, or tokens staked to a specific artist, or work of art.
Vector has an overall plan to meet our funding goals by several different methods.
1) VECTOR EQUITY SHARES
2) VECTOR TOKENS (ICO)
3) VECTOR INVESTMENT TOKENS
These investment strategies will be used in conjunction to fund the initial startup operations, the first two years of business growth, software development, and to build the art fund.
VECTOR EQUITY SHARES
Vector offers equity in exchange for funding, making it an attractive option for venture capital and private equity firms. The amounts and percentages for investment will be determined through private negotiations, ensuring a tailored approach for each investor.
VECTOR TOKENS (ICO)
Vector will launch an ICO with 111,111,111 tokens minted through a smart contract on the Ethereum blockchain. The ICO will feature a private pre-launch investment mechanism for large institutional investors, airdrops for Vector Investment NFT holders, and compensation for the initial pre-launch participants, including artists, institutions, curators, valuators, and the development team.
VECTOR INVESTMENT NFT
Vector will mint 11,111 exclusive NFTs on the Ethereum blockchain, priced at $1111 USD in ETH at launch. To purchase a Vector NFT, an official invitation is required, with all invitees whitelisted to buy up to 11 NFTs. Each investor will also receive three invitations to share with others, expanding the community of NFT holders.
BENEFITS TO HOLDERS
Vector Investment NFT holders enjoy numerous benefits within our ecosystem.
1% reflections from all transactions
5% royalty on NFT transactions
Quarterly NFT airdrop of commissioned original artwork from a Vector Artist
Exclusive opportunity to purchase Vector Shares during our pre-launch event
Advanced level Vector User Account
One-time airdrop of 1,111 tokens.
Exclusive access to the Vector Investor lounge
Free subscription to Vector Media
Holders can expect even more benefits in the future.
The Vector Foundation’s mission is to provide creative and financial support to artists.
We believe passionately that the power of the Artists Vision is a driving force in the evolution of attitudes, ideas, and culture - which must be enhanced to challenge and inspire the world.
The Vector Foundation’s mission is to provide creative and financial support through grants, publications, events, exhibitions, lectures, residencies, non-profit creative blockchain projects, and yet unknown future possibilities.
As the Vector ecosystem grows we will be able to provide grants to: Artists, Fine Art Graduate Programs, Nonprofits, Artists in Residencies, Museums, Artists Run Galleries, and Projects Spaces.
ARTIST IN RESIDENCY
We will have an ongoing Artist in Residence at our headquarters in New York City. We can expand this to our international locations as Vector grows.
We will continue curating and producing our international art events projects: Vector Artist Journal, Vector Video, Sound, Performance, Vector Interview Podcast, and launch Vector Project Spaces in key cities around the world where we can have curated exhibitions of the art fund collection.
ART AND BLOCKCHAIN
The Vector Blockchain will enable smart contracts. With a primary focus on fine and experimental art - we will have a program to help curate and jumpstart creative projects by artists and art institutions using blockchain technology.
Artists can host book projects, journals and periodicals, video, images, and sound.
Scholars and graduate students can host their essays, and thesis writers, poets, and philosophers can host their work.
Institutions can host books and media, categorize their inventory, and host their exhibition press, artist statements, and catalogs.
Publishers can host art reviews, searchable by name and location, and publish critical Essays.
VECTORSPACE - OUR VERSION OF THE METAVERSE
An environment of virtual spaces that will function much like a real world project or gallery space.
Over time as the technology develops, AR and VR users will be able create their own enhancements to their environments.
Artists can have virtual studios where they display their art, create virtual installations, and environments.
Galleries will be able to design a digital representation of their “actual” gallery or design something completely new.
Plots will be based on three dimensional square footage much like the “real” real estate in New York.
AR / VR
The Architecture and Artwork will be displayed in the virtual gallery and user will have a simulated experience.
Groups of Artists, Artist-In-Residency Programs, and MFA Graduate Programs could host their open studios events.
Auction houses and Art Fairs can host a virtual version in parallel that can be attended by people around the world.
Thinking of the needs of the Artworld - these plots will be similar to a gallery or project space in the real world.
Artists and Art Institutions will be able to completely let their creativity guide them. The sky is the limit…
Video Art, Film, Music, Performance, and Sound Art festivals can be hosted in a virtual Environment.
The whole thing will be integrated into our entire ecosystem using our marketplace and the Vector Coin will be at the heart of all of it.