ARTCOIN.AI, THE WORLD'S FIRST COIN BASED ON ART
Art has always been considered one of the highest forms of aesthetic enjoyment. Moreover, art forms a special form of social awareness through which we can perceive the world of the past as it really was. Many experts say that our world without art would be very boring and uninteresting. Therefore, his mission on earth is extremely important and significant.
Strangely, but the popularity of art is not lost over the years. On the contrary, modern man has the unique opportunity to touch history with various art objects.
problems:
Despite all the pleasant moments, the world of art is experiencing a number of problems today, most of which are related to the preservation of the originals. Every year, tens of thousands of investors suffer from fraudsters and buy counterfeits of known originals. They finance the shadow business of selling fake art objects.
Moreover, the problem with the original products is not the only one, since the art world has a number of shortcomings that ultimately affect the entire industry. Each little thing clings to another and all these circumstances together already form the whole snowball, in which it is difficult to understand who is right and who is guilty ?!
And all because of the fact that:
There is no well-coordinated documentation system through which all necessary documents related to each art object can be preserved, transmitted and studied.
In addition, there are no reliable and affordable authentication systems for a particular product. As practice shows, these are too cumbersome and expensive equipment systems, with the help of this type of test is performed;
It is also difficult to avoid all possible transport risks. Moreover, if they do occur, it is difficult to find the person responsible for the offense, as there are no relevant documents on the responsibility of the executing parties.
In addition, various types of art do not have vital statistics that could symbolize past restoration activities, their history, and the actual state of the product itself.
In addition, artists are often confronted with the restriction of their intellectual property rights, resulting in their being deprived of their legitimate royalties for the resale of their works.
These and a number of other issues are rooted in the modern art industry. To remedy all these shortcomings, a group of activists are looking for a way to find a way out of the situation.
About the project:
The project with which I would like to introduce you today is called - ARTCOIN. This decentralized system is designed to provide the most sustainable solutions for all participants in the industry while eliminating all existing problems.
As you have already understood, this is a symbiosis of modern technologies and tools that not only makes the art market transparent and safe, but also gives it a slightly new look. Thanks to this fact, people will come one step closer to real (real) art.
Features and Benefits:
It is important to know that all major functions are performed by the ARTCOIN application, which can be easily and quickly installed on any smartphone. But to make it clearer how everything works, let's look at a good example.
Let's say that the painting "Sunflowers" by Vincent van Gogh hangs in front of you. You open the application with one click and scan this work, then the system will request your fingerprint to provide biometric authentication, both for further use and to prove your life. After the first two actions have been taken, the data obtained through a smart contract falls into the cloud storage created in the blockchain.
Meanwhile, the data obtained is supported by your birth certificates and other personal documents that make up a DNA scan. All this is assigned to each subsequent art object. The ARTCOIN function is to support, thoroughly analyze and scan the resulting image, as well as checking its authenticity.
All this is achieved through special methods that previously required too much time, effort and money. Now it is much easier and above all faster and safer, excluding any human factor and possibility of error. As soon as the object confirms its original status, an additional passport of the object is created, in which all important components such as time, place of registration, the current user and other important points that form the passport of the art object are registered. In addition, this document is supported by a number of supporting protocols that record information about the origin of the object, its owner's data, and the final insurance protocol that protects the subject from copying.
At first glance, it may seem like nothing out of the ordinary, but the developers claim that such a method is still able to fulfill all of its obligations and both sides protect both the owner and the buyer from force majeure , At the same time, the owner or author of the work must be guaranteed full price for each subsequent resale of his art object.
The details of the ICO:
The coins of the current project have their own responsible task, which ensures not only the verification of a particular art, but also the security of all transactions within ARTCOIN. In simple words, the value of the brands is supported by the pricelessness of the artwork itself.
The coin itself was developed based on the Ethereum Blockchain (ERC20) and bears the name ARS. This token is a utility token that symbolizes that some of the coins are disposed of from time to time or burned at the request of the developers. All this will only happen to increase the value and value of the coin itself.
The number of coins is limited to 30 billion pieces. The initial cost thereof is $ 0.01 for 1 ARS. Overall, the project development founders intend to raise $ 100 million in hard cap. What I think is very ambitious. However, according to the founding team, this is nothing compared to the worldwide sales of the art market, which for a moment is $ 64 billion and only applies to 2017.
The distribution of funds is as follows:
Partner:
Conclusion:
For me as a far-fetched person, I find it difficult to judge this project objectively because I do not personally know all the problems in this area. The people who work on it and the people for whom this area is part of their profession will be pleased to receive such a resource. In addition, ARTCOIN can solve a number of problems simultaneously and make it better and safer for the owner or founder of Kunst, as well as the prospective buyer. I therefore dare to assume that this project resonates with its target group, for whom art is more than just an art object.
At the end of my review, I add links to the links to which you can find more information about the project and its features. In addition, you can ask any question on the official website of the project and in their telegram chat. And that's it until next time!
FOR MORE INFORMATION, VISIT THE WEBSITE BELOW:
WEBSITE: https://artcoin.ai
TELEGRAM: https://t.me/artcoinai
ANN THREAD: https://bitcointalk.org/index.php?topic=5094737
FACEBOOK: https://www.facebook.com/artchain.ai20
TWITTER: https://twitter.com/Artcoinai
MEDIUM: https://medium.com/@artchainai
INSTAGRAM: https://www.instagram.com/artcoin.ai/
PINTEREST: https://www.pinterest.ca/artchain20/pins/
GITHUB: https://medium.com/@artchainai
AUTHOR: Gambangcity
ETH: 0xbd4e6B6E19c55D117badfa5C218Ae03263df6072
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