EngineNEAR: Fuel a creative Engine, get paid from its output.
EngineNEAR is a revolutionary smart contract investment and funding platform specifically tailored for the creative sector. It operates on a foundation that guarantees transparency and precision in transactions made to artists, investors, venues, and event promoters.
EngineNEAR empowers artists and creatives to gather microinvestments through a crowdfunding approach, seamlessly connecting them with a community of enthusiastic investors. It also empowers venues and event promoters by ensuring that their businesses are met with proper financing, equitable payouts, and confidence in event production.
This platform fosters a vibrant ecosystem where artists can pitch their projects (i.e. "Engines") with confidence, knowing that investors can come along and put money into their fund (i.e. "Fuel). After an event takes place, smart contract technology will ensure fair and accurate distribution of payments from the venue and promoters to the artists and their respective investors. It's a system where trust is built into the code—every transaction, every pledge, and every profit share is recorded on an immutable ledger in the NEAR ecosystem.
Investors on EngineNEAR don't just fund creativity, they become integral stakeholders in the artistic process and share in the success. As events unfold and profits are generated, investors receive a proportion of the earnings, creating a symbiotic relationship between the artist's vision and the investor's support. This "Direct Artist Equity" (DAE) allows all involved to form "Decentralized Autonomous Organizations" (DAOs) where future events, creative ideas, venue suggestions, profit-sharing, project mapping, and everything else can be agreed upon based on that DAO's governance model.
EngineNEAR stands at the intersection of art and technology, providing a dynamic platform where the financial scaffolding of the creative world is as innovative and robust as the art it supports. It's a place where passion meets practicality, and where the future of creative funding is being reimagined and realized.