Announcing the crowd sale for Artcoin, a blockchain token built on the Ethereum network with the purpose of providing access, authenticity and new markets for fine art, artists and arts institutions.
Art can inspire and captivate whether it’s a new exhibit or a collection of ancient works. It has moved people for millennia, has influenced culture, society and given birth to some of the best human innovations. Though art has played a prominent role historically at the center of our human experience, over the last century, it has become increasingly inaccessible. Less than 1% of the population can afford to participate in a growing art market, pushed out by ballooning prices and records set at auction. At the same time, new artists find it harder to connect with audiences while also being able to provide for themselves and their families. Underlying it all is the utter lack of reliability when it comes to authenticating work.
Artcoin.fund is launching in July, 2017 to try to solve these problems but a pre-sale can be accessed at
http://sale.artcoin.fund/?presale=btArtcoin is a blockchain token built on the Ethereum network with the purpose of democratizing culture. Artcoin will be selling ART, its digital tokens, to raise money in order to begin building a truly decentralized art collection. The company plans to allow token holders to vote for elected arts and economic councils to guide selection of works and to support the health of the token and collection. Token holders will also be given the opportunity to access digital versions of select art within the collection, from investment grade fine art to emerging new artists, all using the ART token. The ownership of each work, voting rights, as well as the ownership of the tokens themselves will be stored and accounted for in a decentralized manner on the blockchain, insuring the records are safe, secure and unstoppably permanent.
The sale will be public on
https://www.artcoin.fund starting June 15th and will close by end of July 2017 or after a cap of $50M USD is raised. 70% of the proceeds will be used to finance the collection itself while the remainder will be used to buildout the consortium’s technology platform. Subsequent sales are expected each quarter, and it is anticipated that ART tokens will be more expensive in future sales as the value of the collection increases.
Artcoin is unique in the sense that it can be used it to vote, to buy amazing artwork and fund the world’s first democratized private collection. It is the first known application of blockchain to be used to build an art collection. The art collection will be loaned to museums and galleries around the world so token holders can view the collection.
We believe Artcoin will be the future of how you buy art.
