Clout.art breaks Launchpool Fundraising Records in run-up to IDO - GlobeNewswire | Canada News Media
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Clout.art breaks Launchpool Fundraising Records in run-up to IDO – GlobeNewswire

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Ljubljana, Slovenia, Oct. 03, 2021 (GLOBE NEWSWIRE) — A Web 3.0 social media protocol and NFT marketplace, Clout.art’s upcoming IDO has been bolstered by a record-breaking fundraising on Launchpool. With over $8.4m staked in their allocation mining event – and $250k available – their original target was exceeded by a factor of 30.

What is Clout.art?

Clout.art is a specialized NFT minting and marketplace platform, and the first dApp built on the Sway Social Protocol. Already driving the creator economy, Clout.art specializes in turning social media users’ most valuable content into unique NFTs. With the model already proven by the sale of Jack Dorsey’s first ever tweet to a Malaysian businessman for $2.5 million in March 2021, Clout.art is starting with Instagram posts. TikTok, Twitter and other social media platforms will soon also be in their sights. With social capital rapidly becoming an asset class in its own right, Clout.art helps social media users build out their crypto portfolio and passive income streams.

Alphabit Partnership

One of the major crypto asset funds, Alphabit has already noticed their huge potential. They will be leading a $1.4 million strategic investment round for Clout.art. Alphabit is joined by strategic investors including AU21, 01 Capital, LucidBlue Ventures, 0rigin Ventures, and others.

Clout.art has already validated their wisdom, raising the highest amount ever in total value locked (TVL) and staked on Launchpool. To power the creator economy, they made $250k available to the Launchpool community. However, they ended up breaking their previous record with over $8.4 million LPOOL staked in their signature allocation mining event (AME). At 30 times the ask, this shows not only that NFTs are still in demand, but also the market’s confidence and belief in Clout.art’s approach.

“We are delighted to be partnering with Clout.art – a true pioneer in the NFT world, and laser focused on building the creator economies of tomorrow. We analyzed the market thoroughly, as we do for all our investments, and Clout.art demonstrated exactly the approach we were looking for,” explains Shane McQuillan, VP Strategy at Alphabit and Executive Sponsor at the Launchpool Web 3 Techstars Accelerator.

What is the SWAY token?

The Clout.art SWAY token is the basic functional unit of the platform. It is used for voting, incentivizing positive actions, utility, and staking. The token is aimed at coordinating the network between NFT tokenization and a creator economy staking platform. 

SWAY is staked by holders to pools owned by their favorite content creators. It represents a crucial step towards the creation and recognition of social capital as an asset class.

Token Features

  • Content creators establish individual pools for their NFTs.
  • Users stake SWAY tokens to the pools (content creators) they wish to support.
  • Staked SWAY tokens share in the revenue generated from their specific pools.

The initial issuance of SWAY is 100 million, with a further 100 million to be distributed as incentives for platform adoption. The issuance of new tokens, up to the 200 million cap, relies solely on content creators joining the platform and creating pools, thereby expanding the ecosystem.

IEO/IDO announcement

The platform is scheduled to launch in advance of the SWAY token generation event, giving everyone the chance to see the platform’s capabilities before Clout.art’s IDO offering. The IEO/IDO is scheduled for launch in October. For more details on how to take part, check the links below.

About Clout.art

Clout.art turns your most valuable content, such as your most successful Instagram posts, into unique NFTs. Your content becomes part of a valuable collection of assets and a source of income. 

Visit us: https://clout.art/

Learn More: https://twitter.com/cloutdotart?lang=en

Connect with us: https://t.me/cloutdotart

Medium: https://medium.com/@clout.art 

About Launchpool

Launchpool leverages communities, knowledge, expertise, contacts, and capital to provide crypto projects with the best possible start to life, maximizing their chances for success in this fast-moving & dynamic space.

Website: https://launchpool.xyz/

Twitter: https://twitter.com/launchpoolxyz

Telegram: https://t.me/launchpoolxyz

Media Details
Company: Clout Art
Contact Person: Bojan Semen
Email: info@clout.art
Website: https://clout.art/ 

Disclaimer: All investment strategies and investments involve the risk of loss. Nothing contained in this article should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

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Calvin Lucyshyn: Vancouver Island Art Dealer Faces Fraud Charges After Police Seize Millions in Artwork

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In a case that has sent shockwaves through the Vancouver Island art community, a local art dealer has been charged with one count of fraud over $5,000. Calvin Lucyshyn, the former operator of the now-closed Winchester Galleries in Oak Bay, faces the charge after police seized hundreds of artworks, valued in the tens of millions of dollars, from various storage sites in the Greater Victoria area.

Alleged Fraud Scheme

Police allege that Lucyshyn had been taking valuable art from members of the public under the guise of appraising or consigning the pieces for sale, only to cut off all communication with the owners. This investigation began in April 2022, when police received a complaint from an individual who had provided four paintings to Lucyshyn, including three works by renowned British Columbia artist Emily Carr, and had not received any updates on their sale.

Further investigation by the Saanich Police Department revealed that this was not an isolated incident. Detectives found other alleged victims who had similar experiences with Winchester Galleries, leading police to execute search warrants at three separate storage locations across Greater Victoria.

Massive Seizure of Artworks

In what has become one of the largest art fraud investigations in recent Canadian history, authorities seized approximately 1,100 pieces of art, including more than 600 pieces from a storage site in Saanich, over 300 in Langford, and more than 100 in Oak Bay. Some of the more valuable pieces, according to police, were estimated to be worth $85,000 each.

Lucyshyn was arrested on April 21, 2022, but was later released from custody. In May 2024, a fraud charge was formally laid against him.

Artwork Returned, but Some Remain Unclaimed

In a statement released on Monday, the Saanich Police Department confirmed that 1,050 of the seized artworks have been returned to their rightful owners. However, several pieces remain unclaimed, and police continue their efforts to track down the owners of these works.

Court Proceedings Ongoing

The criminal charge against Lucyshyn has not yet been tested in court, and he has publicly stated his intention to defend himself against any pending allegations. His next court appearance is scheduled for September 10, 2024.

Impact on the Local Art Community

The news of Lucyshyn’s alleged fraud has deeply affected Vancouver Island’s art community, particularly collectors, galleries, and artists who may have been impacted by the gallery’s operations. With high-value pieces from artists like Emily Carr involved, the case underscores the vulnerabilities that can exist in art transactions.

For many art collectors, the investigation has raised concerns about the potential for fraud in the art world, particularly when it comes to dealing with private galleries and dealers. The seizure of such a vast collection of artworks has also led to questions about the management and oversight of valuable art pieces, as well as the importance of transparency and trust in the industry.

As the case continues to unfold in court, it will likely serve as a cautionary tale for collectors and galleries alike, highlighting the need for due diligence in the sale and appraisal of high-value artworks.

While much of the seized artwork has been returned, the full scale of the alleged fraud is still being unraveled. Lucyshyn’s upcoming court appearances will be closely watched, not only by the legal community but also by the wider art world, as it navigates the fallout from one of Canada’s most significant art fraud cases in recent memory.

Art collectors and individuals who believe they may have been affected by this case are encouraged to contact the Saanich Police Department to inquire about any unclaimed pieces. Additionally, the case serves as a reminder for anyone involved in high-value art transactions to work with reputable dealers and to keep thorough documentation of all transactions.

As with any investment, whether in art or other ventures, it is crucial to be cautious and informed. Art fraud can devastate personal collections and finances, but by taking steps to verify authenticity, provenance, and the reputation of dealers, collectors can help safeguard their valuable pieces.

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Ukrainian sells art in Essex while stuck in a warzone – BBC.com

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Ukrainian sells art in Essex while stuck in a warzone  BBC.com



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Somerset House Fire: Courtauld Gallery Reopens, Rest of Landmark Closed

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The Courtauld Gallery at Somerset House has reopened its doors to the public after a fire swept through the historic building in central London. While the gallery has resumed operations, the rest of the iconic site remains closed “until further notice.”

On Saturday, approximately 125 firefighters were called to the scene to battle the blaze, which sent smoke billowing across the city. Fortunately, the fire occurred in a part of the building not housing valuable artworks, and no injuries were reported. Authorities are still investigating the cause of the fire.

Despite the disruption, art lovers queued outside the gallery before it reopened at 10:00 BST on Sunday. One visitor expressed his relief, saying, “I was sad to see the fire, but I’m relieved the art is safe.”

The Clark family, visiting London from Washington state, USA, had a unique perspective on the incident. While sightseeing on the London Eye, they watched as firefighters tackled the flames. Paul Clark, accompanied by his wife Jiorgia and their four children, shared their concern for the safety of the artwork inside Somerset House. “It was sad to see,” Mr. Clark told the BBC. As a fan of Vincent Van Gogh, he was particularly relieved to learn that the painter’s famous Self-Portrait with Bandaged Ear had not been affected by the fire.

Blaze in the West Wing

The fire broke out around midday on Saturday in the west wing of Somerset House, a section of the building primarily used for offices and storage. Jonathan Reekie, director of Somerset House Trust, assured the public that “no valuable artefacts or artworks” were located in that part of the building. By Sunday, fire engines were still stationed outside as investigations into the fire’s origin continued.

About Somerset House

Located on the Strand in central London, Somerset House is a prominent arts venue with a rich history dating back to the Georgian era. Built on the site of a former Tudor palace, the complex is known for its iconic courtyard and is home to the Courtauld Gallery. The gallery houses a prestigious collection from the Samuel Courtauld Trust, showcasing masterpieces from the Middle Ages to the 20th century. Among the notable works are pieces by impressionist legends such as Edouard Manet, Claude Monet, Paul Cézanne, and Vincent Van Gogh.

Somerset House regularly hosts cultural exhibitions and public events, including its popular winter ice skating sessions in the courtyard. However, for now, the venue remains partially closed as authorities ensure the safety of the site following the fire.

Art lovers and the Somerset House community can take solace in knowing that the invaluable collection remains unharmed, and the Courtauld Gallery continues to welcome visitors, offering a reprieve amid the disruption.

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