SOTA Finance

SOTA (SOTA) is a multi-chain digital content NFT application where users can easily create, sell and buy digital content NFTs. Moreover, users can earn a platform governance token, SOTA, when they participate in platform activities, including login giveaways, buy/sell transactions, and receive NFT contributions. SOTA token holders have the right to farm limited editions of NFTs provided by selected performers, suggest/vote for new features or developments on the platform to receive rewards.

In the past few years, the digital content creation market has seen a huge demand from small businesses and large enterprises. Organizations across industry verticals have adopted digital content formats to promote their brands and products. Moreover, the widespread use of social networks such as Facebook, LinkedIn, Twitter and others has increased the demand for digital content in the modern era. The growing popularity of smartphones, tablets and e-readers has greatly increased the number of viewers viewing digital content. As a result, the e-commerce industry has seen spontaneous growth that has further expanded the use of digital content to display product images, videos, and catalogs online.

The growing demand for digitized content from various business sectors is a key factor that is expected to drive the growth of the global digital content creation market during the forecast period. According to Reportlinker.com's "Global Digital Content Market 2020-2024", the digital content market will grow by $519. $83 billion in 2020-2024 with a CAGR (Compound Annual Growth Rate) of 15% over the period. forecast period.

As you can see, digital technologies are at the heart of significant changes in many areas of our lives, including digital content for e-commerce, social networks, and even in the field of culture, consisting of concrete and material works of art. The development of digital technologies has contributed to the generalization of the process of buying works of art, previously monopolized by regular customers of auction houses.

Online marketplaces that sell affordable digital art assets are emerging and are changing the rules of supply and demand. Thousands of unknown artists now have access to an online marketplace that takes care of all the buying and promotion process.

Many national museums are attempting this technological turnaround by digitizing their collections and archiving them in 3D, a powerful new marketing tool. They will be able to provide easy access to their collections to any customers with Internet access.

Digital art also helps to preserve our cultural heritage.

Digital art is developing at a fast pace, the global digital art board market size is predicted to reach US$460.1 million by 2026, up from US$279.4 million in 2020 at a CAGR of 8.7% during 2021-2026 years (MarketWatch report).

The problem of digital content ownership and how NFTs help find a solution

Creative works such as art, literature, music, and films are protected by copyright law. This is true for both digital works and traditional works, but the effectiveness of these laws in the digital world is limited.

When a digital file is available online, there is usually no metadata about who owns the content, whether the work can be used, any restrictions, and the payment mechanism. At the same time, creators and owners cannot see how, where and how much their work is being used.

Google allows users to search and view images and does not block the ability to copy images. Websites like Youtube, SoundCloud allow users to upload music for others and in certain circumstances the site pays royalties to the creators. The contract process of the website is not transparent. Digital content creators lack visibility into the use of their content.

In the field of art, uniqueness and novelty are generally considered to be fundamental principles of creativity in art. However, these principles are often challenged in the digital art world, where the proliferation of unauthorized digital copies makes it nearly impossible to prove ownership or authorship of the digital content in question.

Threats of copyright infringement in the digital domain have entailed certain preventive measures that ensure the protection of the rights and interests of the owner or creators.

Blockchain technology is a long-awaited solution for the digital art space, giving the ability not only to limit the number of copies as intended by the artist, but also to create unique, non-interchangeable versions of digital masterpieces.

NFT (Non-Fungible-Token) is a new innovative building block of the digital world. Anyone can release digital content such as JPEGs and GIFs in a "new format" called NFT, which is recorded on a public blockchain network.

What makes NFTs different from other digital formats is that the transfer of NFT ownership is recorded on public blockchain networks that are transparent and immutable. Moreover, the blockchain wallet address of the NFT creator is an integral aspect of the NFT. When an artist creates an NFT using their wallet address, that address is attached to the NFT as a "digital signature".

NFTs can be easily transferred from one user to another. The user with the wallet that holds the NFT is the owner of the NFT. All transaction history is recorded and transparent on the public blockchain network.

1. What will I be selling?

Every image you upload to the platform will be digitized into NFTs that contain author information for copyright verification. NFTs are traded on the market using USDT and other currencies.

2. How to sell your creations?

- Select "Create" from the menu bar and upload an image file.

- Fill in the required information, select a category and specify the desired number of copies.

- In the "Post for Sale" section, select the quantity and price at which you want to sell your work on the market.

You can also uncheck "Put for Sale" to create an NFT, but don't sell it right away. After creating an NFT, when you're ready to trade it on the market, go to your profile page, select the NFT and click the "Post for Sale" button.

3. Can I stop selling my work?

Yes. Select the NFT you no longer want to sell and remove it from the sale. The remaining NFTs that have not yet been traded will no longer be traded on the market.

4. What if the NFT I want to buy does not have the price I want?

You can select "Make an offer" and enter the desired price. If the offer is accepted, the transaction will be completed and the NFT will be purchased.

4. What if the NFT I want to buy does not have the price I want?

You can select "Make an offer" and enter the desired price. If the offer is accepted, the transaction will be completed and the NFT will be purchased.

The SOTA token is a platform governance token. The total volume is set at 100 million coins.

SOTA Token Distribution:

40% (40 million) sold (swap);

15% (15 million) per team;

25% (25 million) treasury reserve for future platform maintenance/improvement;

4% (4 million) giveaways / bounties to the community;

6% (6 million) NFT donation creator rewards;

10% (10 million) rewards to platform members for 3 years.