ARTCOIN – Creating a New Future for Art
One of the most notable changes was the increase in vibrant conversation around blockchain, which is being introduced to broaden the market’s transparency, track ownership and provenance, and provide an infrastructure for the tokenization of fractional artwork sales.
The Art world is in the 18th century. There is no development in every part of its operation. It is still following the 300 year old principles. Even today the authentication, auctioning and buying/selling of Artworks is same as old business model. This creates a lot of inconvenience for participants. The authenticity of Art work is checked with old standards; There are lot of chances that buyers may receive forged pieces. Still the Art market is not open to all talented participants. Young artists struggles a lot to get into the market.
The present Art market is insufficient to provide authenticity and quality assurance to buyers. The today’s Art market benefits auctioneers more than the creators and investors. The presence of intermediaries increases the fee on products. Lack of technological implementation hinders the growth of the market.
While there are many unanswered questions related to regulation, standardization, and governance, there is clearly a heightened interest by various stakeholders and multiple startups aiming to introduce these new technologies. This is prompting a robust discussion regarding their potential to disrupt the market, as well as the inherent challenges they may face.
Going forward, using blockchain and tokenization in this way could allow easier access to the market, diversification of investment, reduced transaction costs, and increased liquidity.
ARTCHAIN AI is a revolution in tracking, protecting and recording artwork accountability. Guiding users through transactions using cryptocurrencies, ArtCoin enables investors to benefit from the increased security and transparency of the Smart Contracts platforms. By pulling together information that everyday investors normally can’t access, ArtCoin democratizes the art market and acts as a direct liaison between investors and the art industry.
ArtCoin has implications that will reach all corners of the art industry. From individual collectors to large institutions, our authentication protocol is the perfect fit. Condition reports are simple and faster than ever before, and works can be tracked and traced with ease, functionalities that insurers and logistics companies can depend on. And individual artists are finally able to benefit financially from resales of their art.
Artcoin will become indispensable for every participant and every professional group in the global art market, since the system-relevant and economically sensible application with its digital technologies is available for use on every commercially available smartphone. This will revolutionize the global art market and set a new global standard in the areas of transparency, provenance and its research, restoration and preservation, copyright and especially in the areas of counterfeit protection and authenticity, as well as the insurance industry.
With the ArtChain technology, the art industry is more transparent than ever. The platform, based on blockchain, is built on tamper-proof profiles of artworks cataloging their provenance, history, and digital fingerprints. Top-level security standards are guaranteed, thanks to smart contracts and decentralization.
Each artwork has a unique digital fingerprint, and by scanning and matching the finest textural details and storing it on the blockchain, the software effectively renders the artwork unforgettable thanks to its unprecedented ability to pinpoint fakes, no matter how sophisticated.
Features of Artcoin Platform
- ArtDNA Fingerprint Services
Authentication of an artwork using state-of-the-art augmented authentication technology that scans, recognizes and validates a “fingerprint” and stores this in the image’s proof-of-life, its “biometric passport”.
- Certification issuance
Using the augmented authentication technology, users are able to validate and document each transaction around an image.
- Data Storage and cataloging
In order for users to get quick and user-friendly access to data sets as well as associated services, data is stored on the cloud. The artwork’s fingerprint and transaction history are securely stored on the blockchain. Each transaction related to an artwork is stored on the blockchain (in compressed form).
- ARTCHAIN Platform as a service
Which helps users maintain their ownership, lending , restoration , transportation and insurance coverage related to an artwork. Users registered as creators (i.e. artists) will be able to gain royalties from re-sales of their artworks.
Presently, a lot of billions of dollars are been invested at risk because art is unable to be verified for originality whenever someone sells or buys art. An additional verification will also be done which costs a lot of money and time.
Artchain help to create a sustainable business model when solving and lowering of the transaction fees that make the tokens to increase in price due to the recurring and growing of the fees (buying of tokens to access and use the Artchain blockchain art gallery system).
These fees shall be paid for transacting, securing, and verifying fine art on the Artchain platform. The token will also be supported by timeless pieces of art which can only be transacted in Artcoin. Thus, a Collateralized Coin Offering is also part of the package, as our coins will be supported by invaluable art pieces.
Why choose ArtCoin?
ARTCOIN creates the future standards that art as a cultural asset preserves and protects the copyright claims of artists or beneficiaries and their heirs, whether institutional or private, the cultural needs, but also the material values, for every artist, art lover, collector, lover, speculator, or even interested layman, not only for contemporary but also for posterity. The resulting system immanence inevitably leads to an ecosystem that no participant of the art market – from the author, through the gallery owner, to the buyer, to the logistics company that transports the works to their destinations, the expert or restaurateur, the curator or insurer, right up to the interested layman – can no longer escape.
- Download ARTCHAINAPP.
- Take the artworkpicture.
- The ART-APP registers the art and provides a registration ID stored in the blockchain together with the user ID.
- Token Name: ARTCOIN
- Token Symbol: ARS
- Token Standard: ERC20
- Jurisdiction: Zurich
- Legal Qualification: Utility Token
- Softcap: 5,000,000 USD
- Hardcap: 100,000,000 USD
- Number of Tokens: 30,000,000,000
- Price Per Token: $ 0.01
- Burn Unsold Token: Yes
- Accepted Currency: ETH, USD, & BTC
- Minimum Contribution: $10,000 Private, $250 Public
- Stage 1
Tokens go on sale at $0.01, by invitation only
Sale lasts until March-15-2019
Only initial investors who are in closecontact with ArtChain can purchase Stage 1 tokens.These investors have a deep involvementin the project and their valued feedback has helped to shape our work. The invitation to the initial offering of tokens at the lowest possible price is a reward in gratitude for their contributions.
- Stage 2
Tokens go on sale for $0.03Starts in April-2019This is the lowest possible price for investors who were not part of the invitation-only Stage 1 offer. They’ll receive the highest return for their investment, and it’s the ideal time to make large-quantity purchases.
- Stage 3
PRE-ICO EARLY BIRD Begins in May-2019
Tokens go on sale for $0.05
A great middle ground for those investors who preferred to ensure the ICO was a success, but don’t want to wait for the public sale as they wish to capitalize on higher bonuses.
- Stage 4
ICO – Tokens go on sale for $0.10
Starts in Sept-2019
The general public gets access to tokens during this most published sale. Support is growing, development is racing ahead, and we’re ready for a large investor influx. The ArtChain app is rolled out, with the first works of art being recorded on the blockchain.
Tokens will be listed on cryptocurrency exchanges following the ICO.
- Stage 5
Post-ICO 30 days EXCHANGE LISTING
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