Fair Compensation for Artists. Equal Opportunity for Collectors.
Clover is a fair distribution protocol designed for artists, companies and art houses to create private events via fair, transparent marketing campaigns.
The Clover Protocol makes high-value art more inclusive and attainable without devaluing or fractionalizing the art. By utilizing Clover Protocol, trusted parties can ensure fair compensation for an item, while still appealing to a broader audience by offering an equal opportunity for collectors.
Clover events hosted on Ēnosys Gallery contribute towards the APY Cloud. Clover is also available as a white-label B2B product.
Mint
The initial stage of a Clover event is the Minting Phase. Once a predetermined amount of NFTs have been minted, a countdown timer will begin before the Draw phase.
Draw
During the Draw phase, any participant can initiate a block countdown after which the revealed NFT properties will be randomly added to the minted editions.
Reveal
Once the Draw has concluded, Clover Event NFT holders have the option to keep the minted artwork as it is, Reveal it to see which Redeemable property it carries, or they can trade their revealed or unrevealed NFT on the marketplace.
Redeem
If you choose to Reveal your minted artwork and find that it contains a Redeemable property for an item you want, you can proceed to Redeeming the physical item.
Mutually Beneficial
The more valuable a piece artwork becomes, the amount of potential buyers also decreases. This can extend the period of time that an artwork is on sale, which may eventually lead to reducing the price or putting to auction - an item that isn’t achieving its asking price. Instead of relying on a single purchase from a small pool of collectors, Clover enables an artist to increase the amount of potential collectors by reducing the barrier to entry while still achieving fair compensation for their work.
For many collectors, high value art is financially unattainable. It can be frustrating seeing a high value piece of art from their favorite artist being beyond their reach. By utilizing Clover, obtaining artwork from your favorite artists can be more inclusive by lowering the barrier to entry and increase the opportunity for fans and collectors to acquire an artists work at an affordable price.
Clover addresses both of these pain points and fosters a mutually beneficial relationship between artists and collectors.
How Does Clover Work
Clover enables the artist to create a collection containing multiple editions of a digital artwork while attaching a redemption property to one or more of the editions. With multiple editions, the barrier to entry is lowered with a reduced cost per item and increases the pool of potential collectors.
Everyone who mints an item will obtain a digital artwork by the artist. Collectors have the option to Reveal the digital artwork that they minted to see if it holds the redemption property. The redemption property allows the collector to redeem the digital counterpart in exchange for the physical item via the Ermis Protocol.
Proceeds from Ēnosys Clover events will be split 80/20 between Team and APY Cloud.
Proceeds from any events run by parenting vendors within the Ēnosys ecosystem (not as a white-labelled product) will be split 80/10/10 between the vendor, Ēnosys and APYCloud accordingly.
Equal Opportunity meets Mutual Benefits
Read About
