ARTSY Proceeds
When people use our three NFT platforms, the protocol takes its cut. We regularly gather that revenue and if necessary convert it to USDC and bridge it to the Polygon chain. We use 50% of that USDC (the community’s half) to buy ART from our POLP and redistribute that bought ART to our holders. The other half we send to the protocol treasury. When you see the ART in your wallet increase, you can rest easy knowing that it is actually backed up by revenue proceeds.
Last modified 3mo ago