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Platform Architecture

PreviousSUPERLUXE.io $LUXX TokenNextToken Benefits of $ARTX & $LUXX

Last updated 1 month ago

The SUPERLUXE Flywheel represents the relationship between the various elements of our ecosystem.

Our Art Platform architecture comprises several key components:

  • A ‘Phygital’ Art Marketplace: In both physical and digital formats. SUPERLUXE.io is a decentralised marketplace offering customers access to all SUPERLUXE & Partners art collections (currently managing $50M in art), built on the Solana blockchain. Users can buy Physical and Digital Art (NFTs) using $ARTX tokens, other crypto-currency or fiat. The SUPERLUXE.io art marketplace features an intuitive interface, a gallery experience and seamless wallet integration to streamline the buying process. Each physical artwork is also registered on the blockchain using Tamper-proof DNA Tags, and the related Tag code is attached to the physical artwork

  • The Solana Network: $ARTX is minted on the Solana blockchain to their NFT standards, an ecosystem lead by Metaplex’s Digital Asset Standard and program library. The more recent updates to the Solana Program Library standard includes increased metadata capacity, custom logic within a transfer and fictionalisation of a token

  • Tokenisation or ‘Minting’: SUPERLUXE.io uses the latest network standards to create NFTs for selected artists on the Platform.

  • This allows SUPERLUXE.io to include structured and composable schema definitions for digital asset components (e.g. images, configurable royalty percentages, collections) into the NFT Smart Contract and thus not rely on a third-party. SUPERLUXE & Partners, and the associated artist, receive a small fee on every secondary transaction, which can take place on any Solana-enabled decentralised exchange

Asset Types & Schemas:

Non-Fungible Token

A Solana based token that limits supply to 1

Fungible Asset

A Solana based token with metadata that can also have attributes - Semi-Fungible

Fungible Token

A Solana based token with simple metadata

  • $ARTX Token Issuance: As part of the $ARTX Token creation process, a corresponding $LUXX token will be issued, representing a collection of wallets of digital artworks or collections. These tokens are airdropped to registered $ARTX holders at a future date when the wallet infrastructure is operational and a price discovery mechanism is functioning using the Solana block explorer.

  • $ARTX will have a governance mechanism on distributions, via an airdrop of $ARTX, from the sale NFTs held in the $LUXX associated wallet

  • Price Discovery Mechanism: The platform incorporates a sophisticated price discovery mechanism powered by metadata analytics and pricing of associated NFT transactions. By monitoring the creator wallets specified in the metadata of SUPERLUXE minted NFTs, the algorithm can log price related data points which is used to create an indicative current price. The indicative current price, the purchase price and the simple singular volume for each NFT in a wallet gives the $ARTX an indicative token value which can be tracked in real time. The mechanism ensures fair, quantifiable and transparent pricing of $ARTX tokens, enhancing liquidity and market efficiency

THE SUPERLUXE ECOSYSTEM
The Crypto Payment stage on SUPERLUXE.io