Stellar Community Fund

By ART Club

ART Club: Meaningful Utility

SCF #26

$40.0K

Legacy v5.0 Activation Award

Awarded

ART Club, sponsored by the Swedish Arts Committee, connects creators with funders and brings discounts to daily shopping.

Products & Services

What the Product Is: ART Club is a digital platform, partly funded by the Swedish Arts Committee and Arvidsjaur Municipality, designed to bridge the gap between creative minds and the wider community and a link to local businesses. It connects creators with backers and businesses, facilitating the funding of artistic projects through a blockchain-based ecosystem. By utilizing ART credits tokens, the platform transforms creative ideas funding via tokenization into projects and offers backers tangible secured rewards and discounts for their daily shopping. It will use Sweden as a test bed for further expansion.

Problems It Solves and Benefits:

For Creators: ART Club addresses the challenge of securing funding and exposure for creative projects. By offering a direct link to backers and businesses interested in supporting the arts, creators gain access to a wider audience and a reliable source of funding. The benefit lies in enabling creators and artists to focus on their work without the constraints of traditional funding mechanisms, fostering a thriving creative community.

For Backers: The platform offers backers the opportunity to support the arts while receiving rewards in the form of discounts on everyday purchases. It solves the problem of finding meaningful projects to back by providing a curated selection of creative endeavors. This empowers backers to contribute to the arts and creativity in a way that also benefits their daily life, creating a cycle of support and reward.

For Businesses: Businesses, in particular local small businesses and/or direct competitors businesses, can benefit, attract new customers and engage with their own community by offering discounts redeemable through ART credits. This not only supports the creative economy but also provides businesses with limited resources an improved way to enhance their marketing strategies and build customer loyalty.

How It Works and How It Uses Stellar and/or Soroban: ART Club leverages the Stellar blockchain for secure, fast, and low-cost financial transactions and the Soroban platform for deploying smart contracts. This combination ensures a robust and scalable infrastructure for:

Funding Creative Projects: Creators can list their projects on the platform, and backers can fund these projects using XLM, USDC or EURC, facilitated by Stellar's blockchain technology for transparency and efficiency. Soroban smart contracts manage the project campaigns.

Reward System and Marketplace Offers: Backers immediately receive ART credits as rewards for their support, which can be redeemed for discounts at participating businesses. Soroban smart contracts manage the businesses markets and the circulation of ART credits, ensuring a secure and automated rewards system.

Governance and Expansion: The platform includes a governance model that allows ART credit holders to participate in decision-making processes, such as selecting projects for funding from the launchpad pool. This democratizes the operation of the platform and aligns with the principles of a decentralized, community-driven ecosystem.

The ART Club platform represents a different approach to supporting the arts and creative projects through blockchain technology, providing a "win-win-win" solution for creators, backers, and businesses alike. The integration with Stellar and Soroban (with ART credits) ensures a secure, fair, transparent, and efficient system that is poised for growth and provides meaningful utility.

Confirmed Sponsors:

Kulturbryggan - Swedish Arts Committee

https://www.konstnarsnamnden.se/stipendier-och-bidrag/kulturbryggan/ https://www.konstnarsnamnden.se/en/stipendier-och-bidrag/kulturbryggan/lar-kanna-projektagarna/art-clubcard/

Arvidsjaur Municipality

https://www.arvidsjaur.se