AFOMA Protocol is a decentralized Web3 platform that utilizes blockchain and AI to create a marketplace for artisans and artists, ensuring that 90% of consumer payments directly benefit the creators. By facilitating NFT minting and promoting local craftsmanship, AFOMA addresses the lack of access and financial support for creators in developing regions, fostering a sustainable creative economy.
Funding
Funding not disclosed
Founders
Product
Problem
Artisans and artists in developing regions often lack access to markets and financial support, hindering their ability to sustain their craft and benefit fairly from their work. Existing marketplaces may not ensure that a significant portion of consumer payments directly reaches the creators, impacting their economic well-being.
Solution
AFOMA Protocol is a Web3 platform that leverages blockchain and AI to create a decentralized ecosystem for artisans and artists, ensuring a larger share of consumer payments goes directly to the creators. The protocol facilitates the minting of NFTs to promote artists from developing regions, providing them with opportunities in the digital art space. AFOMA aims to foster a sustainable creative economy by providing a marketplace for handmade products and building a metaverse for cultural experiences. The platform incentivizes good business practices and community contributions through its utility token, promoting a purpose-driven and socially impactful ecosystem.
Target Audience
The primary target audience includes artisans and artists in developing regions seeking access to global markets and fair compensation, as well as consumers interested in supporting a sustainable creative economy.
Features
- Multi-vendor marketplace (SELLITIC) for artisans to sell handmade products
- NFT minting and marketplace (ORUVAN) for artists to showcase and sell digital art
- Utility token (OMA) to incentivize creators, customers, and community members
- Staking and liquidity pool rewards for token holders
- Grant program for partners aligned with social impact initiatives
- Community incentives for developers, microworkers, and other contributors
- Governance mechanism to enable artists and artisans to have a voice in the ecosystem
- Support for United Nations Sustainable Development Goals through donations and initiatives