Fuse Networks leading NFT marketplace Artrific is partnering with Universal Basic Income provider GoodDollar to take digital art to the next level. By listing listing NFTs on Artrific, 5% of sales made in G$ will go directly to GoodDollar’s UBI distribution contract on Fuse, which dispenses funds to qualified recipients via its Web3 wallet.


This Christmas may be one to remember for reasons not usually associated with the holiday season. However, looking past the doom and gloom, there are ways to cheer yourself up, try something new, and give something back at this vital time. 

This is precisely how two Fuse Network dapps are looking at it. Although entirely separate in their services, they find a way to combine creativity, doing good, and digital collectibles while furthering their respective projects.  

NFT creators can upload their digital masterpieces to Artrific and set the sale in G$. If and when a sale occurs, 5% of the proceeds will be allocated to GoodDollar’s Universal Basic Income (UBI) distribution contract on Fuse. Sellers can even promote the fact that buyers will be helping people by purchasing their digital art. 


Win/Win Scenario

By incentivizing NFT listings with G$, Artrifc wants to expand its global reach and increase the number of NFT collections on its platform. At the same time, transactions happening in GoodDollar’s native token, G$, are good for them, while simultaneously, the deal adds more funds to the UBI pot on GoodDollar to be claimed by eligible people. 

Check this handy guide for a complete guide to getting set up on Artrific, from creating an account to adding a collection of NFTs. Once you have created an NFT, it can be promoted on GoodDollar’s GoodMarkets with the link from Artrific if the team like the art and concept. 


What Is Artrific NFT Marketplace? 

Artrific is the native leading NFT marketplace on the Fuse Network and home to the legendary Cosy Cosmanaughts collection. It has various digital assets available, and users can sign up and browse for free. It also supports creators by offering an easy-to-use NFT minting process at lower costs than on Ethereum digital collectibles marketplaces like OpenSea.  

Artrific is also set up for expansion, having already categorized markets into art, trading cards, music, sports, domain names, and more. By navigating to NFT rankings on Artrific, it’s possible to see which collections launched and already sell in G$. 

Artrific NFT Marketplace

 

What is GoodDollar? 

Founded by Yoni Assia, the co-founder, and CEO of eToro, Europe’s most prominent social investment network, GoodDollar is based on Assia’s theory of social money, first presented in 2008. In a nutshell, the GoodDollar economy revolves around two primary user types: Claimers and Supporters. 

Claimers claim a daily basic income in the form of G$ coins. Vitally, their unique identity must be verified. Supporters are individuals or institutions that believe in basic income and bottom-up growth and fund the supply of G$ coins by staking their capital to support the GoodDollar economy. 

Watch the full AMA with Growth Lead Jessica Salama at GoodDollar 



What is UBI? 

The idea of a universal basic income has been discussed for years. However, there appeared to be no complete infrastructure to deliver it. As more countries explore the idea, frameworks are in place to deliver on old plans. For example, furlough packages rolled out in the UK amidst the pandemic. 

UBI, by definition, is financial support a government provides in the form of standard payments to individuals without needing means testing. In the Web3 world, and with GoodDollar, there is no need for a central authority or government. Instead, the UBI pot consists of interest generated by others placing their funds in staking. 

Adults with less than $10,000 form 56.6% of the world’s population but hold less than 2% of global wealth. While in the wake of the coronavirus outbreak, over 71% of Europeans now support basic income provision. There are undoubtedly many compelling cultural, economic, and ethical reasons platforms like GoodDollar find traction as people find themselves struggling. 

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