ALLOVR Economy

ALLOVR introduces a token economy consisting of three types of tokens: (i) Artist token, (ii) Artwork token and (iii) ALLOVR ecosystem token (Ticker: AOVR). Each token type serves specific needs in the ALLOVR ecosystem. Artist tokens give artists and gallerists the opportunity to efficiently incentivize their community of collectors and supporters. They are fungible, minted by the artist or gallerist and provide revenue sharing in Artwork token sales as its core feature. Artwork tokens are digital equivalents of physical or digital pieces of art. They are non-fungible, minted by the artist or gallerist and provide ownership verification, provenance tracking and transparency of ownership transfers. The AOVR tokens are the governance and ecosystem tokens of the ALLOVR network. They are fungible, minted by the ovr-program and used as a network internal method of payment, for community voting and community incentivization.