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STREETH is a platform that curates, mints, and conducts auctions for the world's most renowned artists' Street Artworks. Collectors can own, store, and trade these artworks through STREETH.
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Streeth (STREETH) is a token on the Ethereum blockchain that aims to revolutionize the monetization, collection, trade, enjoyment, and preservation of street art.
STREETH operates as a company that collaborates with street artists to transform their real-world street art, such as graffiti and sculptures, into 1:1 non-fungible tokens (NFTs). These NFTs are then auctioned off to buyers, allowing artists to showcase and sell their artwork in digital form. The process involves signing sales contracts with artists and facilitating the auction of their street art as NFTs. Upon purchase, the NFT is minted and transferred to the buyer's Vault (it is unclear whether this refers to the buyer's own Ethereum address).
In addition to the core offering, STREETH has introduced three additional features:
1. Secondary Marketplace: A platform for trading NFT artworks.
2. Museum: STREETH has developed its own digital museum where collectors who hold STREETH NFTs can rent their artworks to the museum and earn rewards. The museum operates on a metaverse concept, with each exhibit featuring the artist's signature, the holder's information, and presented in virtual reality (VR) format.
3. Map + VR: Each NFT piece is associated with a specific location on a map, allowing users to explore the geographical origins of the original graffiti through VR technology.
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