Recapitulation of EdenLoop PROJECT AMA event held at AMA LOVERS CLUB.
Venue: https://t.me/amaloversclub
Date: Thursday, 10th February, 2022
Time: 12:00 Noon UTC
The EdenLoop PROJECT team was represented by @Hana_0817 who judiciously shared with us detailed knowledge and information about EdenLoop PROJECT.
1st Segment: INTRODUCTION
✨✨QUESTION1: Can you please introduce yourselves and your background, also introduce the team working on EdenLoop?
👉ANS: This is Hana here. I am the Marketing Lead of EdenLoop, a WEB 3.0 NFT Platform.
I've came across lots of NFT projects, but EdenLoop was different from the others. I decided to join EdenLoop mainly because of the team. I was inspired with the vision of the project when I first met the team. We shared thoughts and the moment when we clicked, I'm in. They are incredible. We work real good as a team.
So I'm here to dive you into EdenLoop. Are you ready? Let's go!
EdenLoop 1.0 ( NFT Marketplace )
We started with the development of 3D solution and was established since 2013.
Our goal is to lower barriers to approach 3D data where anyone can easily experience and be a part of it.
This has become the spirit of us to begin a blockchain project—the first Ethereum-based marketplace developed in South Korea. Well-known gallery-affiliated artists partnered with us and their artworks are assembled in so EdenLoop is expanded as a NFT art-based marketplace.
Since we are aware of the copyright and abusive usage of NFTs and to secure so, approval is required to mint on EdenLoop, meaning it is a curated marketplace. We created a marketplace where users have easy access to purchase NFTs by cash transaction such as PayPal and Danal.
Our alpha version is built up, and we assure our users with community building through offline exhibitions.
Nonetheless, our technology was developed for the future.
Edenloop 2.0 ( NFT Cryptocurrency exchange )
In EdenLoop 1.0, creators’ artworks are selected and minted on our platform, both cash and Ethereum are usable to do transactions. We even fixed the transaction fee for purchasing an NFT.
Most creators are lack of experience to mint, promote and sell artworks by themselves as it was just the early stage.
Hence, we looked over the flaws of our ecosystem after a few months of operation, since the marketplace’s launching, we have decided to follow the spirit of blockchain, where we gradually shift to such a way that the value of creators and their artworks will be determined by the community.
The three types of logos define the beginning of a decentralized marketplace.
The color of each logo will be determined by NFTs’ DAO transactions.
In such way, artists’ artworks can be tokenized and sold autonomously, and collectors can also own or resale an NFT more intuitively.
We built the environment in such way so that blockchain transactions can be improved and activated easily.
In order to determine the reliability of the seller and creators on our platform, activities by creators, collectors, sellers in our community will be collected and shown in the form of the three logos, which supports users to involve intuitively.
NFTs on EDENLOOP are to be established in this market to perform the essential and expanded value of being feasible and usable in the Metaverse. We are pursuing NFTs that combine visual elements and are applicable in both Metaverse and real economy. Our vision is to build a system that all file formats can be created as NFTs.
Starting with 3D NFTs, which require expertize in this field, we are on our way to digitalize every items in the real-world, and lay the foundation to become a WEB 3.0 platform through trading in EdenLoop.
EdenLoop 3.0 ( NFT Platform WEB 3.0 )
We are pursuing truly decentralized NFT transactions which will be implemented following the BlockLoop System.
The BlockLoop System plays a significant role in connecting NFT ecosystem. This will connect NFTs generated by other blockchain networks, which works similarly to Google’s Web Crawler technology. The system will classify and analyze numerous algorithms in the blockchain network, and the relevant data will be collected, then connect with EdenLoop Platform. Such environment enables NFTs from all around the world built in blockchain to be searched, then trade with various tokens such as ETH, ELT, MATIC, SOL, KLAY, AVAX and more.
Rewards of transactions done by BlockLoop system will be given as ETH, ELT, MATIC, SOL, KLAY, AVAX and more, while royalties will be given as ELT.
We will introduce a staking system soon where sellers, buyers, resellers, and auction traders, owners too, will be rewarded in ELT.
Additionally, we are designing the VisualLoop System combined with WebGL technology to provide various Metaverse service. This is important to serve as a decentralized Metaverse in this growing and expanding centralized Metaverse model.
We are heading to a WEB 3.0-based NFT platform with such efforts.
✨✨QUESTION2: What are the strengths of the Eden Loop platform compared to other projects?
👉ANS: EdenLoop is not just an NFT Marketplace but also an NFT search engine. In order to serve as a truly decentralized NFT Marketplace, we are developing the ‘BlockLoop System’ (NFT search engine), which searches and collects data of the NFTs generated worldwide. We will build a multichain system that not only support Ethereum-based NFTs but also Klayton, Polygon, Solana, Avalanche NFTs.
Additionally, we want to compose a decentralized autonomous organization (DAO) so as to build our community, which is the core of NFT. Meaning all trading activity that take place in EdenLoop project will be decided by our community. As what have been mentioned earlier, just like the purpose of the 3 logos in our project is to determine the reliability of the seller and creators on our platform, activities by creators, collectors, sellers in our community will be collected and shown in the form of the three logos, which supports users to involve in EdenLoop intuitively.
✨✨QUESTION3: Could you tell us more about your NFT Marketplace? What NFT creations are featured there?
👉ANS: We first launched limited editions of NFT created by famous K-artists affiliated to Korea’s top art gallery “Gana Art”, so as to activate transactions on EdenLoop NFT marketplace. The artworks were displayed at the biggest NFT exhibition in Korea, resulting in shaping and expanding EdenLoop community.
We will launch 3D NFTs with our WebGL 3D solution together with 3D specialists and creators to build our Metaverse. We have launched a community event for our members to create unique works, the selected ones will be minted (no gas fee is required) on our marketplace later. Creators will stand a chance to earn royalties, and more events are coming up.
✨✨QUESTION4: So I learnt about the BlockLoop.
What is the EdenLoop BlockLoop System and what are its features?
👉ANS: Basically the BlockLoop System is similar to Google’s Web Crawler technology. It connects all the NFTs generated around the world.
For example, when you search, only data and information needed will be classified and analyzed from the huge database based on numerous algorithm, then collected and connected to EdenLoop platform. Transactions will take place using ETH, ELT, SOL, MATIC, KLAY, AVAX and other coins when users search NFTs on our platform.
We are planning more events to incentivize our community members. We are building a system where rewards of transactions done will be given as ETH, MATIC, KLAY, SOL, AVAX and other coins, while royalties will be given as ELT.
In that case, EdenLoop will serve as a decentralized marketplace and decentralized exchange (DEX) where users are able to involve intuitively and at the same time monetize all actions done on our platform.
✨✨QUESTION5: Finally on the introduction segment
What are the future plans of your project and platform?
👉ANS: In Q1 2022, BlockLoop System will be updated and we will be starting to activate 3D NFT cryptocurrency transactions.
In Q2, our platform can be used freely as an open source to distribute B2B API primarily, and will end the distribution in Q4.
In Q3, metaverse will be built out through the update on VisualLoop System.
More partnerships are coming up this year to activate the liquidity of ELT ecosystem.
2nd Segment: LIVE Questions
✨✨QUESTION1: Most existing NFT platforms are vulnerable as digital assets can be easily copied. Can you tell us how the Eden Loop Platform will help to protect creators?
👉ANS: By adding a paired authentication key, that gives a function allowing the artworks to be linked with the copyrights of the original creator even for the secondary, tertiary derivative works.
Additionally, we have our Monitor System to monitor and notify with the help of AI agent. Once an artwork is uploaded, it will be under review. This system puts censorship on each uploaded artwork to prevent unauthorized duplication before and after an NFT is generated.
This also allows external services to refer and utilize NFTs and we are associated with Korea Patent Attorneys Association to perform double monitoring. This is how we protect creators’ Intellectual Property Rights and artworks’ owner rights.
✨✨QUESTION2: It strikes me that EdenLoop is doing a Giveaway of Limited NFTs. I would like to know more about this, what is the reward pool? How can we participate and get a limited NFT? What are the benefits of having one of these?
Thanks!
https://twitter.com/Sarawat77/status/1491746936998748162?t=6fjyPbYjDAumQvltyU0sAg&s=19
👉ANS: NFT giveaway is on live now. As mentioned earlier we want our community to involve in our project. Users may create meme, characters, or any other creative ideas relevant to EdenLoop project and submit to us, selected ones will be minted on our marketplace later. No gas fee is required for minting. Of course, creators of the selected works will be rewarded a limited NFT and royalties will be rewarded to the creators.
By staking ELT on EdenLoop, ELT holders will have benefits such as claim airdrops and royalties, exemption from transaction fees and other rewards. You may enjoy benefits while your ELT is staked. We will update our community soon.
More exciting events and rewards are coming up, so stay tuned!
✨✨QUESTION3: One of the key features of your platform is mobile commerce so could you tell me more about your plans in this area? How did you manage to attract brands and companies to your platform? Could retailers use your platform?
https://twitter.com/MmgvsTodos/status/1491747064027533318?s=20&t=tQPGsUuN4C5Lhfu5Xz-v7A
👉ANS: We are joining force to transform into M-commerce (Metaverse-commerce). We have partnered with Gana Art Gallery, Korea’s top K-art gallery, who owns the largest infrastructure in Korea. We also joined force with COEX, the number one exhibition and convention center and co-organized COEX winter NFT festival last year. It was the first and largest NFT exhibition in Korea and we are planning to make this an annual festival.
We are also associated with Korea Artificial Intelligence Association, Korea Patent Attorneys Association, Asan Nanum Foundation to expand our project and solidify our platform.
We will expand our platform service by partnering with fashion brands and more other brands to launch PFP NFT, fashion NFT, sports NFT, entertainment NFT soon using the brands’ IPs, to improve and solidify our business model.
✨✨QUESTION4: How will EDEN LOOP PLATFORM supports many individuals or creators to freely register their own creations and receive IPRS for this creations through NFTs?
https://twitter.com/Taiwoplm/status/1491745551897055236?t=aWBRZorrij8Te7nonou1WQ&s=19
👉ANS: We have 4 systems to support our creators.
1.Monitor System
This helps in double monitoring the registered NFT creations on EdenLoop with the help of AI agent and Korea Patent Attorneys Association. Once an artwork is uploaded, it will be under review.
This system puts censorship on each uploaded artwork to prevent unauthorized duplication before and after an NFT is generated, prevents reckless uploads and duplications that will cause confusion.
This will solve IP rights issue of NFT works in both Metaverse and in real life.
2.Combination System
Plays a role as a helper for helping users to create derivative works by drawing ideas from the original artworks. This will help users to create more NFT creations. This is something like Pop-art.
We encourage and fully support this concept, and besides the royalty rewards for the original creators, this will activate a new reward system.
3.BlockLoop System
Acts as a NFT search engine, similar to Google’s Web Crawler. It connects all the NFTs generated around the world.
For example, when you search, only data and information needed will be classified and analyzed from the huge database based on numerous algorithm, then collected and connected to EdenLoop platform. Transactions will take place using ETH, ELT, SOL, MATIC, AVAX and other coins when users search NFTs on our platform.
4.VisualLoop System
This system enables users to view and utilize 3D data applied NFT works on any devices with the web-based graphic library, which is powered by our WebGL 3D solution, through the interface of Eden Loop platform without any additional processor.
We secure and reward our creators with such systems, to serve as a creator and community-first platform by enjoying the features and events we have on EdenLoop.
✨✨QUESTION5: On your website I noticed about your 3 brands
4D View, Highline 280, Highline LAB
Are these brands created by your team?
And how can these brands will be useful for the Eden Loop Ecosystem?
https://twitter.com/Antonio_2875/status/1491704610708340737?t=_PjIX1Xeyvk5m59mWaJh6g&s=19
👉ANS: 4D view is a service that provides 3D shooting technology and WebGL 3D engine solution.
We have 8 million cumulative users at the moment.
Highline 280, a fashion online shooting top brand, takes 200 thousand cuts every year in the photo shooting market valued 2 trillion korean won.
We are partners with over 1200 medium-sized and big companies, and we are running our shooting business actively.
We provide a prosumer platform, that utilizes IP of the brands we have in our existing data base and our 3D expert users data base.
Everyone can simply create and own NFT works on our platform.
So, the existing business and data base we own build out the ‘prosumer’ platform and also our ecosystem.
👉Follow Us On Our Various Social Media Communities For More Update👇👇👇
EdenLoop Communities
Official Website: https://edenloop.io/
Marketplace: https://edenloop.net/
Medium (EN)_9.3K Followers: https://medium.com/@edenloop
Medium (KR): https://medium.com/@edenloopko
Twitter_21.4K Followers: https://twitter.com/eden_loop
Reddit: https://www.reddit.com/r/EdenLoop/
Telegram (EN): https://t.me/EdenLoopOfficial_Global
Telegram (KR): https://t.me/EdenLoopOfficial
Instagram_90K Followers: https://www.instagram.com/edenloop/
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