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Introducing Teia

Introducing Teia: a sustainable, decentralized NFT marketplace on the Tezos blockchain, evolved from the Hic et Nunc platform.

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Teia

When Hic et Nunc hit the NFT space in March 2021, it sparked a revolution for digital artists across the globe.

Built on the incredibly energy-efficient Tezos blockchain, the Brazilian-based platform not only provided an easy and cheap way for artists to experiment with NFT distribution, but also established an ethical framework by focusing on global equity, environmental concerns, and inclusion.

With a trade volume of 10.9 million Tezos (approx. $ 50 million) in less than a year, the marketplace quickly became a significant player in the NFT field, despite the lack of wider media attention.

The artists, developers, and collectors on the platform were not only users, but developed into a social and artistic global community where young and upcoming creators moved side by side with renowned veteran digital artists.

The website, hicetnunc.xyz, was taken down by its owner in November 2021, but the decentralized core – the NFTs, the smart contracts, and the artworks themselves – remained accessible.

These building blocks provided the opportunity for the orphaned community to reinvent itself.

In the 2.5 months after the discontinuation of the original platform, countless lively discussions between community members – often in overlapping roles as artists, developers, and collectors – took place.

These conversations ranged from firmly acknowledging ethical pillars to solving technical issues, implementing new features such as collaboration-contracts, and taking steps to erect a DAO (Decentralized Autonomous Organization).

The first community vote on the blockchain was aimed at finding a new name, resulting in Teia, meaning ‘net’ or ‘web’ in Portuguese, and referencing the Brazilian roots of the first Tezos marketplace.

Teia is best described as a global, artist-run space; it provides room for experimentation with an emphasis on the arts, and its decentralized nature empowers the voices of its users.

In many ways, it’s quite different from the more well-known, purely commercial NFT marketplaces operating on the Ethereum blockchain.

A symbol for Teia’s commitment to fluidity, inclusivity, and equity is the current rotation system for user-designed logos, to which everyone can contribute: see also the header image of this document. Teia is a work-in-progress.

Teia soft-launched in the first week of February, but keep an eye out for a celebratory event on 22.02.2022 (February 22)!

Visit teia.art to explore the platform, engage with the community on Discord, and follow Teia on Twitter: @TeiaCommunity.

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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