ARQx - a fusion for AI, Web3 and luxury Jewelry

3 months ago

AI is really pushing the limits of what is possible with little or no human input. The world of fashion and luxury jewelry is about to experience a revolution with this unique project called ARQx. The main mission of the project is to democratize and incentivize the entire process of making and owing luxury Jewelry utilizing the amazing capabilities of AI.

The problem of luxury Jewelry Industry

Today, almost everyone wears some form of jewelry. The industry is a billion-dollar behemoth. Just like most other industries today, the luxury jewelry industry is monopolized by a few brands that control the market. Hence, it is difficult for new startups to break into the market and claim any share. This is not the only challenge though.

The process of making luxury jewelry is exclusive to the few top brands that control the market. They keep the secrets of their creation process, giving them the ultimate ownership of the design and its value. Thus the customers are just consumers who are not involved at all in the design process. Even when they buy a piece of luxury jewelry, the company still owns exclusive rights to its design concept and are free to reproduce, sale and make more profits from the design.

ARQx decentralizes Jewelry design and ownership

ARQx is driving a revolution in the jewelry industry using AI technology and blockchain. The platform believes that everyone owns the ability to create and design unique jewelry of their own or one that could be put up for sale. Powered by AI technology, ARQx has tools that turns every user into a jewelry designer.

The platform also tokenizes the jewelry designs, allowing the creator to own digital tokens (the ARQX token) each time their designs are bought from the store. This is one way to reward creativity from the community. Finished designs are converted into NFTs which could be sold in the store or moved on to actual production if the user wants to own it.

Apart from earning tokens from the AI powered creative jewelry designs, any form of meaningful contribution to the brand and economy is rewarded with the ARQX tokens.

How to be part of the ARQX economy

ARQX is built for the community. Every aspect or activity on the platform is rewarded with a token. This is the very idea of web3 - participation and rewards. So there are many ways to earn ARQX tokens. They include the following ways:

Purchasing jewelry: When a user buys jewelry off the store, they are rewarded for the purchase by being included in a future airdrop of ARQX tokens. This is a smart way to onboard the new user to web3 and incentivize more purchase of jewelry.
Creating Designs: The platform is powered by AI and give users the tool needed to create jewelry designs. The new design is transformed into an NFT and placed on the store forsale. If the design is sold, the creator earns some ARQX tokens as a commission from their creative work.
Staking: Users that hold ARQX tokens can earn more if they stake them. It means the tokens would be locked up and unlocked at the end of the staking period. More tokens are earned for each staking done in the platform.
Purchasing the token: Users can also purchase ARQX tokens in order to qualify for special privileges in the ecosystem. As a decentralized network, they can participate in governance, and exclusive access to events and premium collections.

As a project that is fully web3, each sale of Jewelry leads to the sharing of benefits to all participants including the buyer. Check out the image below to see the flow of earnings from the moment a customer pays for jewelry.

source

ARQX - Why so special?

The project is changing everything about jewelry-making and ownership in line with the core principles of web3 - decentralization and sovereign ownership. With top brands controlling the luxury jewelry industry, it is a closed system only large corporations are milking. Now ARQX is opening up the opportunity for everyone to get involved, get creative and earn digital tokens.

Besides the rewards, jewelry is going to be an awesome asset and not just for fashion. With tokens tied up to each shiny metal, users will now see more value in purchasing and owing jewelry.