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NFT Platform Arago: A Curated Photography Platform In Which NFTs Also Include Image Licensing

Arago is built on Tezos and is aiming to go live soon. Arago is a digital photography studio/gallery as opposed to a mass marketplace or Instagram-like platform. Selling an NFT on the platform also includes a transfer of rights to the photography that the NFT holds. This isn’t just limited to printing rights, but also publishing rights.

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Arago

Arago is built on Tezos and is aiming to go live soon. Arago is a digital photography studio/ gallery as opposed to a mass marketplace or instagram-like platform.

“Arago is the world’s first studio fully dedicated to the distribution and promotion of tokenized art photography.

The platform is curated and only selected photographers will publish their photographs on the platform. Additionally, all NFTs will have a maximum of 8 editions from which 1 NFT will go to the photographer.

The photographer signs a contract that prohibits minting more editions of the photograph, nor the production and sale of a similar photo.

Selling an NFT on the platform also includes a transfer of rights to the photography that the NFT holds. This isn’t just limited to printing rights, but also publishing rights.

“Each token includes a license that allows the collector to display or stream the photo on a certain number of digital screens or virtual spaces.

These representation rights will allow the reproduction of the photo on multiple media in a non-commercial sense. Arago will facilitate the technical connection and digital distribution of collected photos through an API (apps, frame art TV, metaverse, virtual galleries….).

Each token also includes the right for a single physical print.

“The ownership of the NFT has the right to a single authenticated print of the photo. This print is sold as an additional service (technical fees are added on top of the NFT price), and the photographer will control the perfect quality of the printing process (size, settings, paper, etc.).

This print is certified by a unique code attached to the token. In the event of the resale of the token, the unique printed code will be revoked hence rendering the print as valueless – in reality nothing more than a poster.

A second printing is then possible and with the new code, now becomes the original with the associated value. The technical costs of this will be borne by the buyer.”

 Drops

The Arago team actively pursues clients and has already selected the first series of drops for the end of 2021. They aim to drop one exhibition per week and eventually scale up to two drops per day with about 500 exhibitions per year. 

The selection of photographers will go through three channels:

  1. A direct selection by Arago via a global and ongoing awareness
  2. Curators who will be commissioned to set up exhibitions
  3. “Traditional” galleries who will develop a new distribution channel for artists

It is recommended for anyone that would like to know more about the Arago platform in detail to read the extensive whitepaper.

Follow Arago on Twitter.  

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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