> For the complete documentation index, see [llms.txt](https://artskyglobal.gitbook.io/wp/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://artskyglobal.gitbook.io/wp/guides/abstract.md).

# Abstract

Financial-based decentralization has now been proven by bitcoin, ethereum and all their derivative products. The development that was initially only based on asset delivery, has now expanded to other business worlds.

Call it DeFi (Decentralized Financial) which is a decentralized development in the financial world that is open source and non-custodial liquidity protocol for earning interest on deposits and borrowing assets.

Then it developed again towards the NFT Marketplace which is the forerunner of a new world for graphic design artists who can sell works directly on the platform without the involvement of third parties who usually take a margin of at least 10% on the work of others.

Further developments will lead to the Metaverse, which is a vast network of 3D worlds and real-time simulations that are continuously rendered and support the continuity of identities, objects, history, payments, and rights, and can be experienced simultaneously by an unlimited number of users. effectively, each sense of presence with the individual.’

So then at some point all will be interconnected with each other using the concept of decentralization that is connected to open finance and peer to peer network.&#x20;

Artsky is a vital part of our ecosystem dealing with NFT'S. Non-fungible tokens (NFTs) are unique, non-interchangeable assets, minted on-chain. These Coins can be linked to anything from digital Artsky to physical assets.

The core attributes of NFTs give them unique value and categorically separate them from other types of assets. These properties include being verifiably unique and indivisible. The transparent nature of the underlying code means that the scarcity and ownership of any given token are evident without the need for a trusted intermediary.

We view the emergence of NFTs as a continuation of a paradigm shift from centralized to decentralized systems. This framework is now unlocking fresh business models for the creators of digital and physical collectibles.

Artsky is a widely known NFT project. The underlying token for each Some encodes a unique genome that defines its appearance, traits, and hereditary linage. Artsky cannot be replicated and cannot be transferred without the user's permission.


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