Frequently Asked Questions
What is Web3?
Web3 is a new way of using the internet that gives more control to users — not big companies. It’s built on blockchain technology, which allows people to send, receive, and track digital value or information in a safe, transparent way.
Unlike older versions of the internet (where a few large companies control websites, ads, and data), Web3 is decentralized. That means no single organization owns the system — it’s shared across many computers around the world.
In Web3, people can:
Own digital tokens (like ARTScoin)
Donate or trade directly without banks or middlemen
See where their money goes, thanks to public tracking on the blockchain
Help shape the future of a project by participating in community-led decisions
For nonprofits and artists, Web3 offers a powerful alternative to traditional fundraising — one that is transparent, global, and designed to share value across a whole network of institutions.What is ARTScoin?
ARTScoin is a digital token created to support arts organizations and nonprofits. It runs on the Polygon blockchain and can be used like digital currency — but with one key difference: it's designed exclusively for the arts, not for speculation or profit by early investors.
Who can receive ARTScoin?
Only verified arts nonprofits and institutions are eligible to receive ARTScoin for free. These include museums, orchestras, community arts programs, and more. Individuals cannot apply for direct allocations.
Why is it given away for free?
ARTScoin was designed to flip the typical crypto model on its head. Instead of enriching private investors or venture capitalists, we give ARTScoin directly to cultural institutions so that value flows to the arts — not away from it.
How does ARTScoin gain value?
As more organizations, donors, and supporters use and hold ARTScoin, its visibility and demand grow. This network effect can increase increase its cultural visibility and practical utility across the nonprofit community — meaning your support of one organization can indirectly support many others. ARTScoin is not designed as an investment vehicle; any value change is incidental to community-driven use.
How can I donate ARTScoin?
Once ARTScoin is trading publicly, you’ll be able to:
Buy ARTS on a supported exchange
Send it directly to a nonprofit’s wallet
Receive a receipt for tax purposes if the nonprofit is a 501(c)(3)
We’ll provide step-by-step instructions when live.
Is ARTScoin tax-deductible?
Yes, if you donate ARTScoin to a registered 501(c)(3) nonprofit, you may be eligible for a tax deduction based on its fair market value. Be sure to consult your tax advisor and request a donation receipt.
What if I don’t understand crypto?
That’s okay — we’re here to help. ARTScoin is designed for non-technical users and traditional arts supporters. We’ll provide simple guides on how to:
Set up a wallet
Buy or receive ARTS
Donate or trade it
Track your impact
We also plan to offer onboarding support for participating nonprofits.
Is ARTScoin safe and transparent?
Yes. ARTScoin runs on the Base blockchain, a secure and efficient Ethereum Layer 2 network developed by Coinbase. Base offers low fees, fast transactions, and inherits Ethereum’s robust security.
All ARTScoin activity is public and verifiable on-chain, and our smart contract is fully open-source and will be independently audited. Transparency is at the core of everything we do.
Will ARTScoin become a DAO?
Yes — we plan to evolve into a decentralized autonomous organization (DAO) where token holders (especially nonprofits) can vote on key decisions like future distributions, grants, and community initiatives.
Can I use ARTScoin for anything besides donating?
Eventually, yes. As adoption grows, ARTScoin may be used by nonprofits to:
Trade or exchange for other cryptocurrencies
Save as a long-term fund
Collaborate with partners using ARTS for tickets, services, or grants
But the core mission remains: supporting the arts ecosystem, not fueling speculation.
