ARTE is a utility token with a unique buyback-and-burn mechanism, as well as multiple utilities related to the ArtPunks NFT collection. With ARTE, holders will be able to: 

• Upgrade their ArtPunks NFT via the ‘Restoration’ system. 
• Purchase ArtPunks Paint Palettes to change the painting style of ArtPunks. 
• Enter lotteries for physical works of art as well as NFTs. 
• Purchase subscriptions to an educational virtual art gallery. 
• Use it to create "Landscape NFTs" - low supply, upgradeable, gamified NFTs.

In short, the ARTE token will be the fuel of the ArtPunks ecosystem - in all of the above utilities, used ARTE will be burned - reducing its supply and increasing its value.