Sushi enters the NFT platform! Launching "Shoyu Soy Sauce" in mid-August, introducing exclusive features such as immersive galleries.

SushiSwap's business footprint is expanding, with its core developers set to launch an NFT platform proposal in March, finally coming to fruition in August. This platform, named "Shoyu," which means soy sauce in Japanese, aligns with Sushi's series of Japanese cuisine-themed naming conventions, and reportedly will incorporate many exclusive features.

Platform Addressing Pain Points for Artists and Collectors?

Sushi member LevX is the lead developer of "Shoyu," and he stated that the platform will launch v0 in mid-August, followed by v1 and v2 in the coming months.

LevX outlined many current NFT platforms and the pain points faced by artists and collectors, which "Shoyu" aims to address. The exclusive features of "Shoyu" are expected to include immersive exhibition galleries, creator social tokens for interacting with collectors, a cost-reducing off-chain order book, and various bidding strategies.

Artist Requirements

• Social Tokens: Integratable with MISO token issuance platform, for NFT royalty distribution or supporter rewards exchange or benefits
• Support for Multiple NFT Formats: Artists can upload different types of digital files (AR, 3D, etc.)
• Document Storage: Support for uploads and playback of over 500MB.
• Fragmented Ownership NFT: Sellers can have multiple addresses, with ownership distributed among multiple people according to shares.
• Royalty Distribution: Artists can decide who receives royalties (e.g., charities, file storage funds)
• NFT Tags: Allow for categorizing and tagging NFTs for better search capabilities.
• NFT Search Modes: Users can search for artists based on art style, color, design software, genre, etc.
• Profile Pages: Artists can upload and organize their galleries, including profile pictures, descriptions, galleries, collections, and inbox functions. Artists can follow, message, showcase their artwork, and add collections to their galleries.
• Programmable Art: Exclusive feature allowing artists to sell random NFTs and allow for staking multiple NFTs to generate entirely new unique NFTs.
• Multi-Chain Support: Cheaper minting and environmental factors.
• Usability: Artists new to the NFT space can easily understand the platform and workflow.
• Discoverability: How artists "rank" will be based on analytics, community voting, followers, and who the artists you follow's followers are, etc.
• Statistics/Analysis: Best-selling prices, best-selling series, total sales, monthly sales, gas costs/generation costs, data on your items in the secondary market, etc.
• Artist/Charity Fund: Voting, file storage support

Collector Requirements

• Immersive Gallery Mode: NFTs can be classified in custom gallery spaces, synchronized viewing of multi-chain NFTs, 3D metaverse viewing mode.
• Display Links: Collectors can purchase unique links to customize their galleries.
• Search Functionality: Collectors can search for new artworks: auctions, upcoming releases, special events, styles, colors, genres (search parameters need to be defined).
• Chat: Collectors and artists can freely chat using their MetaMask wallets for identity.
• Statistics/Analysis: Total spent, total unique artists collected, most collected categories, etc.

Fee Structure

1 Protocol Fee: 2.5% of each transaction to xSUSHI holders

2 Operating Costs: 0.5-2.0% of each transaction for operational funds (to be determined)

• Payment of Ethereum transaction fees
• Infrastructure (image/video hosting)
• Assistance to support art projects with significant impact on the arts

3 Royalties: x% of each transaction (up to 25%, set by minters) goes to the original creator

4 Artists can choose to set the recipient of their income as a "charity fund" managed by Shoyu's multisig

Sneak Peek at Design Styles

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