FM Gallery x Satoshi Club AMA Recap from 13th of March

FM Gallery x Satoshi Club AMA Recap from 13th of March

Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from FM Gallery. The AMA took place on March 13 and our guests was Feiming Peng.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.


PART 1, INTRODUCTION AND COMMUNITY QUESTIONS

Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with FM Gallery!  Welcome to Satoshi Club. @Florafm welcome here 😀

Flora Peng: Hello, Satoshi Club members. 😄

Mary | Satoshi Club: Please introduce yourself and tell us more about FM Gallery.

Flora Peng: My name is Feiming Peng. I graduated from Tsinghua University and have been active in the traditional art and fashion toys industry for many years. At the beginning of 2018, I started to work in the blockchain industry. Right now, I am the Founder/CEO of FM Gallery. FM Gallery is a blockchain-based platform for NFT artworks and fashion toys.

I have several teams that are working with me: the business development team, marketing team, software engineering team and etc.

D. | Satoshi Club: So project working in both worlds? in digital and in real world?

Flora Peng: Of course. FM Gallery is the digital art gallery that connects the blockchain world and the art world.

Yes. Let me briefly talk about the innovative gameplay that we will release on our platform soon. We just officially announced that: At 10 p.m. ET on March 14, which is also 10 AM UTC on March 15, we’ll be launching our Genesis Blind Box Series. This is an amazing series! It will be available exclusively through our platform, and it is open to global art collectors for a limited time.

The Genesis Blind Box Series includes three packs in different rarities — common, rare and legendary. By opening a pack, users will randomly receive an NFT artwork designed by renowned artists, with an estimated value of up to $42,500, or receive a generous reward box of WAH, FM Gallery’s governance token.

Q1 from Telegram user @Arisabela

Tomorrow you’ll be launching your Genesis Blind Box Series, and it calls my attention that the users will be able to purchase these packs even with credit cards or Paypal, so you’re not only involved with crypto but also with fiat payment methods, how are you going to connect the fiat, the crypto and the NFTs world into one single distribution platform and keeping it secure on the way?

Flora Peng: For the payment methods: We are going to have Paypal, Credit Card and USDT. Our development team is currently testing all the different payment methods to ensure the security. We are very cautious about the security of our platform and will be continuously improving it.

D. | Satoshi Club: USDT on Ethereum?

Flora Peng: Yes. Our platform is Etherum-based.

D. | Satoshi Club: Got it! the first release of Genesis Blind Box Series will be limited? how many boxes will be available? are there any boxes reserved for founders? or you will sell all available boxes?

Mary | Satoshi Club: And which steps should we make to participate in the Sale?

Flora Peng: The first release of Genesis Blind Box Series will be limited. You can preview the artworks and editions of the artworks that are available in each blind box on our official website wah.art. We don’t reserve boxes for founders. The blind boxes are available for purchase globally. So it is a first come, first serve basis. Please do join the sale as early as possible (if you don’t want to miss it.)

To participate in the Sale, simply go to our official website at 10 p.m. ET on March 14, which is also 10 AM UTC on March 15. Click on the button Drops. You will be able to see the three blind boxes there. Btw, we have also prepared community events for the release of the Genesis Blind Box.

Mary | Satoshi Club: As i see i can connect to your website with Metamask, will this function be available for Sale? I mean i just connect and buy?

Flora Peng: We are working on the partnerships with other secondary marketplaces, such as Rarible, Opensea, and etc. The marketplace function will be available once we have finalized the partnerships. Please stay tuned. We will always prioritize the liquidity of the NFTs minted on FM Gallery.

D. | Satoshi Club: I think i have read about this 🤔😄 very generous event, can you tell us more about this?

Flora Peng: Sure. To better prepare for the release of the Gensis Blind Box and contribute to society, we will launch the whitelist event in our English and Chinese communities. Users in both communities can join our whitelist by finishing a series of tasks. After the event, we will draw 1000 lucky members from both Chinese and English communities and divide the reward pool worth $10,000 U

Please join our official Telegram group. You can choose to join the community with your preferred language (English or Chinese) to participate in the whitelist event! https://t.me/fmgalleryofficial https://t.me/fmgalleryeng (English Community)

Q2 from Telegram user @mctrho

In your whitepaper you explain the steps to acquire fragments of NFT’s, users have to open a “blind box” whose content is unknown until it is opened. Are there different types of boxes? Will you launch new types of boxes in the future? Each box has or will it have special characteristics?

Flora Peng: Let me explain briefly about the art fragments. In addition to the three boxes (common, rare, and legendary,) we have also included an exciting bonus. Different packs may contain fragments of an artist’s entire artwork. For example, there is a series of artworks called Kali Yuga in our rare pack, which is composed of 6 different pieces. Our users can open the blind box and collect the six pieces in the Kali Yuga series. Once successfully collected the six pieces, the user can get a mysterious gift from us.

One more amazing fact: The digital version of Kali Yuga is obtained from the physical oil painting by NFN Kalyan.

D. | Satoshi Club: So how many packs i have to open to collect all 6 pieces?

Flora Peng: Depends on how lucky you will be. What I can say is that our blind boxes are very user-friendly. I am pretty sure you will like it!

Mary | Satoshi Club: So, this fragments will be just like bonus?

Flora Peng: NFN Kalyan is an Indian-American artist living and working in Miami. Kalyan participated in the earliest drops on Nifty Gateway, where his works enjoyed great popularity. As he continues to expand his influence in crypto arts, his drops have always sold out in less than a second. At auctions, the bids for his pieces could increase 30–40 times the original prices.

Yes this is a new gameplay that we wanted to implement on our platform. And you were absolutely right on the fact that we will be promoting more types of Blind Boxes.

D. | Satoshi Club: Cool facts 👍 yep, Nifty Gateway is very popular NFT market.

Flora Peng: For example, personal blind boxes (A lot of artists are in the discussion with us regarding this).

Hope that our users will really enjoy it. Additionally, Kali Yuga is not the only series of artworks that we put in our blindbox. We have also included Qiao Shan’s Seven Deadly Sins. Let me show you.

Shan Qiao is an award-winning artist who has worked with some of the biggest companies in video game and film production, including Blizzard Entertainment, Riot Games and Tencent. His work can be seen in top games, such as Overwatch, CrossFire and League of Legends. Shan is currently a concept artist with Sony’s Santa Monica Studio, where he is working on the famous God of War series.

Mary | Satoshi Club: Wow! So mysterious art! I see you prepared a lot of surprises for your users🚀

Flora Peng: Yes haha, I definitely wanted to promote our most expensive piece from Chad Knight.

I am pretty sure a lot of people are Chad Knigh’s fans. Chad Knight is a 3D Instagram artist whose work has gone viral, starting a pervasive internet rumor that his art was a real-life place in Japan. He recently sold a record-breaking $400,000 worth of art on the NFT platform Nifty Gateway.

Q3 from Telegram user @chzrles

What are the characteristics of physical artwork? It is mentioned that they will have an NFC chip, but how can this guarantee authenticity? Also, must they meet specific dimensions? If the user lives in a country different than where the artwork/artist is, can the artwork be ship worldwide? Finally, what does the tamper-proof technology consist of and how can it prevent damage to physical artwork?

Flora Peng: We have hosted several Clubhouse events with our artists during the last two weeks. We have received great feedback from the audience.

The general idea for the NFC Chip: the user will be able to scan the chip to verify the authenticity of the artwork once they received the physical item. We are still preparing the launch of the NFC chips. More details will be announced soon in our official telegram community.

D. | Satoshi Club: Okay got it, so all info about the chip is secret for now?

Flora Peng: hahah you can view it that way now :p, For the Genesis Blind Box, all the artworks inside are digital artworks.

Q4 from Telegram user @Carlcrip

If I am an artist and I am interested in selling my art collections with you, how can I contact you and what requirements do I need to be able to sell at FM Gallery. Also, how safe would it be to expose my work without it being copied through the internet, do you offer a copyright contract?

Flora Peng: For potential collaboration, please send an email with your information to [email protected]. A business development manager will contact you once we received your email. For the requirements: FM Gallery is very selective in terms of artists and artworks. We have an artwork committee to evaluate the incoming artworks.

Mary | Satoshi Club: And a question from my side as customer, do you know that exist a possibility for NFT creator to change image? I saw one guy did this trick if i remember correctly with his nfts on OpenSea.

Flora Peng: For the artwork safety, we have detailed the guidelines of the copyright in the terms of use on our website. Please check it out if you have any questions regarding that.

Mary | Satoshi Club: He put images of rugs instead of previous. It’s fun for the first time. But not sure that this will be fun in the future.

Flora Peng: No, once the NFT is minted on the blockchain. The information is locked in the metadata. You can’t reverse or tamper with information on the blockchain. That is the main reason why people use blockchain. Because it is safe and transparent.

Q5 from Telegram User @yellowchamp

The FM Gallery NFT Staking features is currently underdevelopment and honestly it is the first time I heard about staking NFT and maybe many others too. So can you give us an overview about how to stake NFT in your platform? How does it work? What is the difference and advantage of staking Non-Fungible Tokens than staking a normal tokens? For your own opinion to give knowledge to people, which is more profitable and preferable staking NFT or staking tokens? Thank you

Flora Peng:Temporarily, we are still fleshing out the technical details of the NFT Staking. The main idea for NFT staking is to allow users to earn reward while they hold our NFTs. Please stay tuned with our updates regarding NFT Staking. Once we have confirmed the exact launch date, I will be able to provide more precise answers regarding the NFT staking feature.

Mary | Satoshi Club:Thank you! Do you have any deadlines for this features?

Flora Peng: The earliest I would aim for April since we wanted to prioritize the development for the market place first. Liquidity for NFTs is the first priority.

Mary | Satoshi Club: Great! Not so many time left, so we will patiently wait.

Flora Peng: Will keep our users updated since we wanted to be very transparent about our process.

Q6 from Telegram user @lzamg

One of the goals of Phase 3 of your roadmap is establishing the brand and influence of FM Gallery in the Chinese art ecosystem. Can you tell us exactly how this will be accomplished? Do you think that for July-December 2021 the presence of FM Gallery will be strong enough to stand out in the Chinese art ecosystem?

Flora Peng: The several key components that will allow FM Gallery to stand out:

  1. I will utilize my organic fans traffic and combine it with our artists’ fan community to promote the artworks on our platform. i have more than 1M+ fans across social media channels in the Chinese market.
  2. The innovative gameplay. As I mentioned earlier, we are implementing a lot of new gameplays, such as blind box on our platform. Those gameplays will automatically draw a lot of attention from the users.
  3. We are very ambitious in terms of our marketing planning. We are deeply connected with the KOLs in both the US and Chinese market. We will be launching intensive marketing campaigns soon. We will significantly increase our community users with those marketing strategies.
  4. We have always kept user experience in our mind. We have already created our official communities on different channels, including Telegram, Discord, Wechat, Facebook, Twitter and etc. If any users have questions/suggestions regarding our product, they can reach out to us easily.

Our goal is to build a welcoming community for our users and our artists. With the four elements above, I am confident that we will gain decent market shares in both the US and Chinese NFT market.


PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS

The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.

Q1 from Telegram User @ronaldo_super

There is a part on your website says drops. Is it standing for airdrops? Do you make airdrop?

Flora Peng: Yes. We do make airdrops. For updates regarding the airdrops, please join our official telegram group, you will be able to know the details there. Please don’t forget to join our whitelist to earn the prize!

Q2 from Telegram User @NataliyaKil

You are partnering with Peterchanart to submit their NFT works to FM Gallery.  Besides them, what other major NFT artists and artists do you collaborate with?  What do you expect from such a partnership in the first place?

Flora Peng: We have signed many great artists. There are two types of artists that we will sign: 1. The artists have already established their reputation in the NFT market, for example, Chad Knight, Peter Mohrbacher, Klarens Malluta 2. The uprising artist that has not started their NFT journey yet but have real talents, for example Shan Qiao, Xin Liu, and etc. We are willing to promote and nurture the uprising artists.

Q3 from Telegram User @highpee

I can see that you have prepared three packs: (COMMON, RARE and LEGENDARY) for your Genesis Blind Box Series. Are there any differences between them in terms of their value or what they represent? Can I decide on the one to get when I open these boxes?

Flora Peng: You can view the details about each blind box on our official website wah.art. You can also join our telegram group https://t.me/fmgalleryeng to discuss with other buyers. I have seen lot of great conversations in that group.

Q4 from Telegram User @atillayeni

You say you will also provide a liquidity mining feature on the system so using the liquidity mining can I earn NFT’s?

Flora Peng: Yes Liquidity Mining function will be coming soon. Users will be able to earn WAH tokens through liquidity mining.

Q5 from Telegram User @rogerass

How can FM gallery make your NFT project have a high or unique selling value and easily attract many investors?

Flora Peng: The key factors for impacting the NFT price: the artwork value behind the NFT, the liquidity of the NFT. As I mentioned, we are very selective in terms of the artists and artworks. We will have our art commitee to review all the artworks before the release. For the liquidity, we are in discussion with different platforms, such as Bounce, Rarible, and Opensea regarding potential partnership. We want to make sure that our NFTs will have good price in the secondary market.

Q6 from Telegram User @csgonub

Are there only metamask support on your website?

Flora Peng: For the current release, we have only integrated Metamask. However, we are working very hard on the integrations with other wallets. For updates, please join our official telegram group.

Q7 from Telegram User @JuanSB07

In “DROPS” you will find the “Blind Boxes” area where they offer various packages classified into Legendary Pack ($ 1000), Rare Pack ($ 400) and Common Pack ($ 150). What is the function of these packages and how can I get one? Can it be purchased with any token / cryptocurrency?

Flora Peng: The Genesis Blind Box Series includes three packs in different rarities — common, rare and legendary. By opening a pack, users will randomly receive an NFT artwork designed by renowned artists, with an estimated value of up to $42,500, or receive a generous reward box of WAH, FM Gallery’s governance token.  For this release, you will be able to purchase the blindbox with Paypal, Credit Card or USDT.

Q8 from Telegram User @NataliyaKil

To celebrate the launch of your platform and Genesis Blind Box Series, you are inviting users to join your whitelist and split the $ 10,000 reward pool.  To do this, you must fill out a form in which there is an item: “Send our poster above in Telegram groups with over 200 active users and upload screenshot.” Did you think it would look like spam on my part and is it possible to bypass this point to get into your whitelist?

Flora Peng: To join the whitelist, you will need to fill out a form that we have prepared. To get the accurate form, please join our official telegram group and contact our user support there. They will be able to point you to the right form so that you don’t need to worry about the spam problem. https://t.me/fmgalleryeng

Q9 from Telegram User @Derazy

Do you agree that the NFT and the community are inseparable? as an NFT platform how does FM gallery plan to involve the community in developing this project? Does FM gallery have any community engagement programs?

Flora Peng: Yes. The community is a very essential part for the NFT market and we are well aware of that. This is exactly the reason why that we are spending so much effort on community development. Our goal is to realize DAO and fan autonomy in the art community via DeFi. For example, we will launch voting events to engage artists and inspire them to invent new gameplays.

Q10 from Telegram User @centoscu

Can I buy one piece from every artwork and sell them to collectors with profit?

Flora Peng: Once the secondary market is ready. Users will be able to re-sell the NFTs. I truly believe that the NFTs on our platform will have a huge secondary market potential.


PART 3, QUIZ AND INFO

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about FM Gallery. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club

Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish

Telegram Channel: https://t.me/satoshi_club_channel

Website: https://esatoshi.club/

Twitter: https://twitter.com/esatoshiclub 

Our Partners:

FM Gallery Telegram: https://t.me/fmgalleryeng

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