Decentralized artists' collective and an experiment in an art-based economy.

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RATS Introduction

RATS: Rapid Art Token Swap is a Decentralized CryptoArt Trading Portal based on the Ethereum Network. Users can swap NFTs in a decentralised cryptoartists’ collective or opt to “mine” $RATS tokens.

The RATS tokens are mined through “Proof of ArtWork”. RATS tokens are created when an artists sends in a work of art to ensure that each token is backed 1:1 by NFTs.

The tokens can be exchanged for NFTs from the constantly evolving collection of CryptoArt, creating a unique opportunity to build a decentralised art gallery. Tokens are burned upon redemption. Once 1,000 TOKENS are claimed a new user can only mint a new $RATS token when another $RATS token is burned and redeemed.

The cryptoart in the NFT Swap serves as the medium of expression for the artists’ collective becoming a part of the artwork, while the smart contract functions as the cryptoart gallery where the participants are the curators. Participants work collaboratively together to develop an art-based economy.

RATS is a free service with no added fees for cryptoartists and collectors. If you enjoy using RATS please tip ETH to support the project! Thanks for sharing your art, ideas and, helping the project grow!

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