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Standard Analysis: $SHM Coin as a Token for Securing Intellectual Property in Decentralized Art Platforms The art industry has undergone significant transformations in recent years, particularly with the rise of digital art and NFTs. While blockchain technology has played a crucial role in offering solutions for digital ownership and authenticity, there remain pressing concerns about intellectual property (IP) protection and fair compensation for artists. $SHM Coin, a native token of the Shardeum blockchain, could present a promising solution to securing intellectual property (IP) in decentralized art platforms. These platforms allow creators to directly engage with their audience, bypassing traditional gatekeepers like galleries or auction houses. Through smart contracts and tokenization, $SHM Coin can become an essential part of protecting artistic rights, managing royalties, and fostering fair trade in the decentralized art world. Challenges in the Art Industry IP Theft and Plagiarism: With the rise of digital art, the issue of IP theft and unauthorized copying has escalated. Artists face difficulty protecting their work from being stolen or used without compensation. Lack of Transparency in Royalties: Traditional art platforms often fail to ensure that artists receive fair compensation. In many cases, artists receive only a fraction of the proceeds when their work is resold, and royalty tracking is often opaque. Authentication Issues: As more artwork is created and sold digitally, authenticating ownership becomes a challenge. Fraudulent reproductions of art can undermine an artist’s reputation and financial earnings. Limited Access to Art Marketplaces: Many emerging artists struggle to break into the art market due to gatekeepers, such as galleries and auction houses, that control access to the wider audience. This limits their ability to showcase and sell their work. How $SHM Coin Can Address These Challenges $SHM Coin can be integrated into decentralized art platforms to provide solutions to these persistent challenges. Here's how it can benefit artists, collectors, and the broader art ecosystem: 1. Secure and Transparent IP Protection By using blockchain technology, $SHM Coin can secure artistic ownership rights through tokenization. When an artist uploads their artwork to a decentralized platform, the artwork can be linked to a non-fungible token (NFT), which is then tied to the $SHM Coin network. Verification: The NFT can contain metadata detailing the artist's identity, creation date, and other essential details, ensuring that the intellectual property of the artwork is authenticated and traceable. Immutable Records: Since blockchain records are immutable, any changes in ownership or usage of the artwork are permanently recorded. This prevents unauthorized use and ensures the artist’s rights are protected. 2. Fair Royalties and Automatic Payments One of the most significant benefits of using $SHM Coin in decentralized art platforms is its ability to automate royalty payments. Through smart contracts, artists can receive real-time compensation whenever their work is bought, sold, or licensed. Smart Contracts: These can be programmed to automatically distribute a percentage of each transaction to the original creator every time the artwork is resold, ensuring fair compensation for the artist. Transparent and Secure Transactions: Because transactions are recorded on a public ledger, both the artists and collectors have full visibility into the royalty structures, eliminating any confusion or disputes. 3. Verifiable Ownership and Authentication $SHM Coin can enable the creation of verifiable certificates of ownership for digital art. Each artwork can be represented as an NFT backed by $SHM Coin, and the NFTs serve as the official certificate of ownership. No Forgery: These NFTs cannot be copied or forged, providing undeniable proof of ownership. Traceable History: The entire transaction history of the NFT can be accessed on the blockchain, providing a complete record of ownership and enhancing the credibility of the artwork. 4. Direct Artist-Collector Engagement By utilizing $SHM Coin in a decentralized platform, the need for intermediaries such as galleries and auction houses is eliminated, which gives artists direct access to a global audience. $SHM Coin facilitates peer-to-peer transactions between artists and collectors, ensuring that the artist keeps a more significant portion of the proceeds. Global Marketplace: Artists can reach buyers from around the world, promoting their work in a borderless marketplace. No Middlemen: The removal of middlemen in the transaction process allows artists to keep more of the revenue from sales. 5. Empowering Emerging Artists Many emerging artists face barriers in accessing traditional art markets. $SHM Coin, in combination with decentralized art platforms, provides a level playing field, allowing these artists to: Showcase their works globally without needing representation or access to traditional galleries. Receive fair compensation through transparent payment mechanisms, while having the ability to directly interact with their audience. With the ability to sell their works digitally and securely through decentralized platforms, new artists can more easily break into the art market and build their careers. Benefits of $SHM Coin in Decentralized Art Platforms IP Protection and Authentication: Artists can secure their intellectual property rights and prove ownership of their work through blockchain-backed NFTs tied to $SHM Coin. Fair and Transparent Royalties: Smart contracts facilitate fair compensation by ensuring that artists receive royalties every time their work is sold, resold, or licensed. Decentralized Marketplaces: By eliminating intermediaries, $SHM Coin allows artists and collectors to transact directly, reducing costs and improving accessibility. Global Reach for Artists: Decentralized platforms powered by $SHM Coin enable artists to access global audiences without the limitations imposed by traditional art institutions. Incentivized Innovation: Artists can be incentivized to create more by participating in a fairer and more transparent system, leading to the growth and innovation of the digital art industry. Risks and Considerations Regulatory Hurdles: The intersection of intellectual property and blockchain raises legal challenges, particularly in ensuring that digital art ownership is recognized by traditional IP laws. Market Volatility: While blockchain technology offers great promise, the volatility of tokens like $SHM Coin could pose a challenge for artists looking for stable compensation. Adoption and Awareness: To fully realize its potential, artists and collectors must understand the advantages of using $SHM Coin and decentralized platforms. Adoption of this system may take time and effort. Security Risks: Although blockchain offers secure transactions, cybersecurity remains a concern, particularly when managing high-value digital art assets. Conclusion $SHM Coin could significantly change the way the art world operates, offering decentralized solutions to the challenges of intellectual property protection, fair compensation, and market access. By leveraging blockchain technology, $SHM Coin ensures that artists retain control over their work, receive transparent and fair royalties, and engage directly with global audiences. The future of art could be brighter, more equitable, and more secure, thanks to the integration of $SHM Coin in decentralized art platforms.

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$PI Network’s Open Mainnet is now live, bringing exciting real-world utilities to the ecosystem. During the PiFest event, which took place from March 14 to March 21, 2025, over 100,000 businesses worldwide began accepting Pi as a form of payment. This marked a significant milestone in Pi Network’s journey to bridge the gap between cryptocurrency and everyday transactions. In addition to the PiFest, Pi Network has rolled out several new platform level utilities, such as the Pi Ad Network and Pi Domains Auction. The Pi Ad Network, launched in March 2024, allows advertisers to place ads within Pi Apps using Pi tokens. The Pi Domains Auction, launched on March 14, 2025, gives users the chance to secure customized .pi domains, adding to the growing digital identity infrastructure within the Pi ecosystem. With these developments, Pi Network is continuously expanding its use cases, encouraging Pioneers to stay engaged and explore the growing number of features available. The future of Pi looks bright, and as the network continues to grow, so do the opportunities for real world applications of Pi tokens. Stay tuned for more updates as Pi Network continues to evolve.