Foster Marketplace

Foster Marketplace is designed and developed to support a larger pool of digital creators and art mediums. The application centers around simplicity and lowers the entry barriers for new web3 users by offering a seamless onboarding experience.

The Foster Protocol aims to advance the utility of NFTs from an asset class to a framework that enables art as a service. As a mobile application, Foster interacts with modern digital mediums, such as smart TVs and digital frames, to create new opportunities for creators and collectors to showcase, monetize, and experience NFTs in the real world. Our mission is to redefine how artists interact and engage with their fans.

Foster's mission is to connect the world in a shared art experience. Our ecosystem and social platform channels serve to connect creators, builders, designers, collectors, and investors of digital art.

The Foster Protocol uses a distributed revenue-sharing model to incentivize ecosystem contributors. Artists earn a claim on LIFT token issuance based on the marketplace streams they generate.

LIFT is the native utility token that supports the protocol and has various prongs of utility to align financial incentives, increase protocol usage, and create long-term protocol value.

The LIFT token is the medium used to exchange value on Foster Marketplace and will serve as collateral to unlock access to exclusive features and value-added services.

If there is an excessive supply of LIFT in the market, a token burn mechanism will be used to increase the scarcity of the token and trigger price appreciation for the circulating supply. Ecosystem participants can stake their LIFT tokens for higher reward rates, premium creator tools, and discounted marketplace fees.