Insights into the use cases of Blockchain impact in Visuals Arts
Blockchain in Visual Arts
Blockchain technology can help democratize the space, making it possible to buy 1/1000th of a Picasso.
The availability of this information within blockchain DLT;
1 .Financialization in Visual Arts.
2. Decentralization of ownships.
3. Improve visibility and compliance thus creating collaborative environment.
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The Art Market 2 0 Blockchain and Financialization in Visual Arts.
Report Summary
Blockchain technology can help democratize the space.
Fine art auctions generate over $65 billion annually, the promise of this technology bringing in investment opportunities to a disenfranchised audience, and using its tokenized model as a means of asserting the artist’s intellectual property.
With the advert non-fungible ERC-721 tokens and the success of CryptoKitties, digital scarcity is a game changer herein and will reinvent the Art Market.
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