HeartX, previously known as ArteX, is a web3 NFT marketplace and community platform aimed at various stakeholders in the web3 space, including artists, collectors, art consultants, and enthusiasts. The platform offers a secure environment to explore the value of digital art, with a built-in art evaluation system that follows a “vote-to-earn” model, which lets users vote on art pieces and earn tokens for their participation. This functionality is designed to foster an interactive and dynamic online art community. The platform is currently in the closed beta phase.
The platform has two types of tokens: $HTX, which is a governance token, and $HNX, which is a utility token that unlocks opportunities for growth and profitability. The platform also has a ranking system that rewards users, creators, and collectors, creating a positive feedback loop that encourages ongoing participation in the ecosystem.
During the closed beta phase, users can only access the platform through invitation codes, which were given to HeartX’s Twitter followers and through Discord events. Users will not have access to the NFT trading feature and are advised to hold onto their $HNX tokens, as the company indicated that the tokens could be used for various purposes on the platform in the future, including boost-to-earn, level-up, and in-app purchases.
HeartX collects a 10% trade fee on the first sale and a 2.5% trade fee as well as a 2.5% royalty on the second sale. It has stated that taxes and fees collected will be used for artist support, project development, and buyback.
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