Online governance rewards: NFT will be used to reward holders of TRX, BTT, JUST, SUN and other tokens who participate in APENFT. The governance rewards will be distributed as appropriate to expand the coverage of the project and interact with other ecosystems.

This represents the core value of the decentralized blockchain to a great extent. We have seen such a vision back when the white paper of Bitcoin was released, but a project that actually works to turn this vision into reality is a rare sight. The intrinsic strength of the governance token NFT lies in its close association with art. I've mentioned that art is created by people and belongs to people. With its governance token, namely NFT, APENFT is able to truly "make artworks accessible to all". This also explains why I'm optimistic about this project.

Thank you for clarification, my fifth question is: What does APENFT Foundation mean to the TRON ecosystem?

It is known that the TRON public chain was launched in 2017, and it is the only chain developed in China among the top three public chains across the globe. We have been devoted to building the infrastructure for the next-generation global finance and internet. TRON public chain boasts a diverse blockchain ecosystem covering the public chain, exchange, DApps and DeFi with over 33 million users on our MainNet and over 1.8 billion transactions in total.

The underlying technology of APENFT Foundation is also provided by TRON. TRON can use its strengths to help its partner APENFT to rapidly take up the NFT market. At the same time, it is also a good attempt for us to expand TRON's scope of business. As the representative in the innovation of "blockchain + art", NFT powers TRON to make another endeavour to "building the next generation of global financial infrastructure". The cooperation also benefits TRON's business, further enlarging the application value of TRON’s public chain.

Great news, my sixth question is: What early preparations has TRON made to enter the NFT race?

TRON has decided to expand into the NFT market both because of the industry trends and our inherent advantages. We have made preparations from the following four aspects:

First, technical strength. We are backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world's largest distributed storage system BitTorrent and the newly-launched TRC-721 protocol to improve both security and the global artworks' market efficiency.

Second, heavy investment. Focusing on only top-notch artists and artworks, APENFT ‘s first collections include Femme nue couchée au collier (Pablo Picasso), Three Self-Portrait (Andy Warhol), Ocean’s Front (crypto artist Beeple) and a whole NFT set (crypto artist Pak), with a total value of over ￥200 million.

Third, market cultivation. TRON now boasts over 33 million users and over 1.8 billion transaction count, leading the race on both fronts. Since its founding, APENFT has entered into partnerships with Christie's, Sotheby's and Nifty Gateway, the world's top three NFT auction houses, further expanding its market influence.

Fourth and an obvious one, TRON partners with APENFT and provides it with the underlying technology (TRON blockchain) and the storage service (BTFS), further enhancing its own ecosystem.

Awesome, lets move on to seventh question: Just now you mentioned TRON's public chain and the TRC721 protocol. We'd like to know what preparations have been made to register artworks as NFTs?

We are able to mint unique TRC-721 tokens for all NFT artworks. The tokens will be stored in the ERC20/TRC20 smart contracts of NFT tokens, and the rights and interests of the underlying artworks belong to NFT holders. Corresponding information of the TRC-721 token and the records of the artwork will be permanently stored on the BTFS network (BitTorrent File System) while files will be permanently stored on the Internet.

Dear #TRONICS - This is TRON Russian community group. For English speaking users please go to Official English group

Thank you Justin, my last question is: Last but not least, how do you view the future of the entire NFT industry? What's your prediction?

In 2020, the overall trading value of NFT tripled, reaching $250 million. In March 2021 alone, the total sales of NFT surpassed $220 million. We estimate that in the next decade, 50% of the world's top 100 artists and artworks will be registered as NFTs. It's a booming industry, with more miracles on the way. I believe our efforts will pay off.

APENFT’s team members come from world-renowned auction houses such as Christie’s and Sotheby’s who are also active in the NFT industry. Our members have rich experience in both traditional and digital arts. Their participation will enable us to keep discovering NFT artists around the world, better empower APENFT, and fuel APENFT’s rise in the crypto art world.

Registering artworks as NFTs ushers in a new era where traditional artworks are aligned with crypto technology. It is just the beginning of a splendid chapter with the founding of APENFT as the prelude. A great journey where “artworks are accessible for all” has now begun.

That's it for AMA today. Thank you Justin for coming! Follow twitter.com/justinsuntron on twitter for more information!

Thank you everyone for listening to my sharing today.