[ANN][FRES] FRESCO - Blockchain Art Trust Distribution Network

[nikolayrogov]

The past week witnessed a number of more exciting news. The project is now officially supported by renowned collectors and blue-chip artists from the United States, Switzerland, China, Germany, and UAE, openly acclaimed by founder of Ethereum and director of Bitcoin foundation, and maintaining its record at the top of the art category on all ICO review websites.
https://medium.com/fresco-network/fres-weekly-03-11-2018-3bd8afa5f15b

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[WhiteRed44]

What is the strength of the Fresco project compared to the work of another art social platform?

[bagdanvolkov]

What is the strength of the Fresco project compared to the work of another art social platform?

Usually, social media and online galleries introduce the artworks with the total price but they can not explain how to build the price. Fresco engages wider range of viewers and provides open and logical system of assessing art based on Fres Trust. Then users have the incentive to engage and contribute, thereby generating a comprehensive system of digital provenance. By assigning FRES to an artwork as it is introduced, and then letting it accrue FRES naturally through transactions, assigning value becomes much easier.

[bagdanvolkov]

FRESCO Welcomes New Advisor Ho Jae Kim
https://medium.com/fresco-network/fresco-welcomes-new-advisor-ho-jae-kim-4c0c0ec76e13
https://cdn-images-1.medium.com/max/1000/1*1ZP8oL6ByqSVD5-RwfzYcA.png

Ho Jae Kim’s identity as both artist and art collector is a combination unorthodox to some people. He believes that the art world is divided into two sectors: one of the artists and the other of the art market. As he started pursuing changes as an artist after graduating from Rhode Island School of Design, he shortly saw a limit of how an artist can change the world by oneself. Artists are able to bring awareness and progression to each other and the public, but it is difficult to affect the rules of the market. The mega galleries and auction houses control the mic and speak for their represented artists, promoting their market prices and even institutional appearances.

[bagdanvolkov]

The past week witnessed a number of more exciting news. The project is now officially supported by renowned collectors and blue-chip artists from the United States, Switzerland, China, Germany, and UAE, openly acclaimed by founder of Ethereum and director of Bitcoin foundation, and maintaining its record at the top of the art category on all ICO review websites.
https://medium.com/fresco-network/fres-weekly-03-11-2018-3bd8afa5f15b

How is FRESCO gaining recognition?

In the art industry, FRESCO is expanding its world-class advisory team: Sylvain Levy, the top French collector who holds the DSL Collection, the largest collection of contemporary Chinese art, joined the FRESCO team as the chief art advisor; We also welcomed Joseph Scheer, founder of Institute of Electronic Arts at Alfred University, Benjamin Herndon, professor at Rhode Island School of Design, Ho Jae Kim, New Museum’s star artist, Afra al Dhaheri, Abu Dhabi-based artist and professor at Zayed University as art advisors.

[bagdanvolkov]

The Glorious Revolution in the Art World
https://medium.com/fresco-network/the-glorious-revolution-in-the-art-world-83a5fa71bdf2
Why is provenance so resistant to clarity, and how do art-world insiders employ blockchain technology to say no

Every year thousands of thousands of artworks are sent to appraisal for tax, donation, insurance, and many other purposes. Appraisals are meant to be fair and neutral, indifferent to any related intentions.

Attempts to change are many. Facing the Kafkaesque castle that houses the work of art, few people have till today shaken the foundation of the system, a system that protects the art-world mystery from any curious inquiry. Most of the revolutions were like a feather, adding a tinge of ink to the myriad history of the art market and then floating elsewhere to make changes.

Why are collectors and gallerists so reluctant to share their records? Why are there so many failed projects that aimed high but ended up wretched? Why are even auction records born in public spectacles kept only partially accessible to the general public unless paid for? Why are online art platforms like Artsy still have very few galleries that reveal the prices of their artworks? What is after all so sensitive behind all these walls?

Blockchain technology thrusts our contemporary innovators to reject any gloomy assumption. On blockchain, everything is recorded permanently, kept safe, irreversible, and publicly accessible.

[RayXX18]

How the Fresco confirm that the number of Fres Trust cast for the picture is not created artificially?

[olegklymko]

How the Fresco confirm that the number of Fres Trust cast for the picture is not created artificially?

Fresco will have records for tracing the provenance and this paper trail helps to track who translated their FRES Cash to vote for the picture, and how the owner has changed over the years. It can be used to help decide whether a painting or other artwork is the genuine article, or whether at some point a forgery had been substituted for the original.

[olegklymko]

The Glorious Revolution in the Art World
https://medium.com/fresco-network/the-glorious-revolution-in-the-art-world-83a5fa71bdf2
Why is provenance so resistant to clarity, and how do art-world insiders employ blockchain technology to say no

Every year thousands of thousands of artworks are sent to appraisal for tax, donation, insurance, and many other purposes. Appraisals are meant to be fair and neutral, indifferent to any related intentions.

Attempts to change are many. Facing the Kafkaesque castle that houses the work of art, few people have till today shaken the foundation of the system, a system that protects the art-world mystery from any curious inquiry. Most of the revolutions were like a feather, adding a tinge of ink to the myriad history of the art market and then floating elsewhere to make changes.

Why are collectors and gallerists so reluctant to share their records? Why are there so many failed projects that aimed high but ended up wretched? Why are even auction records born in public spectacles kept only partially accessible to the general public unless paid for? Why are online art platforms like Artsy still have very few galleries that reveal the prices of their artworks? What is after all so sensitive behind all these walls?

Blockchain technology thrusts our contemporary innovators to reject any gloomy assumption. On blockchain, everything is recorded permanently, kept safe, irreversible, and publicly accessible.

Some go for a direct shot. Verisart is one, an early pioneer in enabling owners of artwork to verify their art on the blockchain. Ascribe takes a similar approach to make the provenance retrievable through a digital ID. Codex, offering a safe store for the collectible and sellable, has already made its voice heard among collectors.

[olegklymko]

The past week witnessed a number of more exciting news. The project is now officially supported by renowned collectors and blue-chip artists from the United States, Switzerland, China, Germany, and UAE, openly acclaimed by founder of Ethereum and director of Bitcoin foundation, and maintaining its record at the top of the art category on all ICO review websites.
https://medium.com/fresco-network/fres-weekly-03-11-2018-3bd8afa5f15b

How is FRESCO gaining recognition?

In the art industry, FRESCO is expanding its world-class advisory team: Sylvain Levy, the top French collector who holds the DSL Collection, the largest collection of contemporary Chinese art, joined the FRESCO team as the chief art advisor; We also welcomed Joseph Scheer, founder of Institute of Electronic Arts at Alfred University, Benjamin Herndon, professor at Rhode Island School of Design, Ho Jae Kim, New Museum’s star artist, Afra al Dhaheri, Abu Dhabi-based artist and professor at Zayed University as art advisors.

In the blockchain industry, Bitcoin Foundation director Brock Pierce retweeted FRESCO on Twitter and commented that “It will be revolutionized for the benefits of artists.” Charles Hoskinson, one of the founders of Ethereum and chairman of IOHK, also retweeted FRESCO and saying he “would love to see more innovations in the art industry.” Moreover, Dr. Jin Di, a computer science expert at the Massachusetts Institute of Technology, is now on board as technical advisor and will be responsible for supervising the technical team.

[olegklymko]

FRESCO Welcomes New Advisor Ho Jae Kim
https://medium.com/fresco-network/fresco-welcomes-new-advisor-ho-jae-kim-4c0c0ec76e13
https://cdn-images-1.medium.com/max/1000/1*1ZP8oL6ByqSVD5-RwfzYcA.png

Ho Jae Kim’s identity as both artist and art collector is a combination unorthodox to some people. He believes that the art world is divided into two sectors: one of the artists and the other of the art market. As he started pursuing changes as an artist after graduating from Rhode Island School of Design, he shortly saw a limit of how an artist can change the world by oneself. Artists are able to bring awareness and progression to each other and the public, but it is difficult to affect the rules of the market. The mega galleries and auction houses control the mic and speak for their represented artists, promoting their market prices and even institutional appearances.

Kim partnered with an art collector and started to acquire blue-chip artworks, a Rauschenberg being one of them. His current art project “The Erased Rauschenberg” appeared in various news media, including some of the most watched ones such as artnet. It fired up a debate over the legitimacy of who should write the history — which side of the art industry, the mega galleries and auctions houses or the artists, overrides the other regarding the pricing power.

[Marriot]

How FRESCO plans to protect user’s transactions when Fres Cash is sent to an artwork?

[romangor]

How FRESCO plans to protect user’s transactions when Fres Cash is sent to an artwork?

Every Fres Cash transaction will have a unique hash ID serving as the blockchain record of this transaction. When you send the the amount of Fres Cash from wallet, it will temporarily lock and system will show pending status of transaction until this transaction is confirmed in the network.

[romangor]

FRESCO Welcomes New Advisor Afra Al Dhaheri
https://medium.com/fresco-network/fresco-welcomes-new-advisor-afra-al-dhaheri-ac06b991627
https://cdn-images-1.medium.com/max/1000/1*WPsTDOb2cSLu7SjomxxW4Q.jpeg

[romangor]

The past week witnessed a number of more exciting news. The project is now officially supported by renowned collectors and blue-chip artists from the United States, Switzerland, China, Germany, and UAE, openly acclaimed by founder of Ethereum and director of Bitcoin foundation, and maintaining its record at the top of the art category on all ICO review websites.
https://medium.com/fresco-network/fres-weekly-03-11-2018-3bd8afa5f15b

How is FRESCO gaining recognition?

In the art industry, FRESCO is expanding its world-class advisory team: Sylvain Levy, the top French collector who holds the DSL Collection, the largest collection of contemporary Chinese art, joined the FRESCO team as the chief art advisor; We also welcomed Joseph Scheer, founder of Institute of Electronic Arts at Alfred University, Benjamin Herndon, professor at Rhode Island School of Design, Ho Jae Kim, New Museum’s star artist, Afra al Dhaheri, Abu Dhabi-based artist and professor at Zayed University as art advisors.

In the blockchain industry, Bitcoin Foundation director Brock Pierce retweeted FRESCO on Twitter and commented that “It will be revolutionized for the benefits of artists.” Charles Hoskinson, one of the founders of Ethereum and chairman of IOHK, also retweeted FRESCO and saying he “would love to see more innovations in the art industry.” Moreover, Dr. Jin Di, a computer science expert at the Massachusetts Institute of Technology, is now on board as technical advisor and will be responsible for supervising the technical team.

In the financial industry, Wendy Li, managing director of China Renaissance, joined as financial advisor. She will advise on the financial issues based on her 10 years of experience in investment and art collection.

[romangor]

We can get our fingers crossed for a revolution led by artists and collectors, yet people might still wonder how such projects differ from previous attempts, or more generically, what role blockchain technology plays in solving the problem when owners of art are already willing to contribute their data.
https://medium.com/fresco-network/the-glorious-revolution-in-the-art-world-83a5fa71bdf2

[flexnbit]

What is the value of Fres Trust?

[olehrazin]

What is the value of Fres Trust?

Art Trust Value combines the comprehensive academic and market value of that artwork in the intricate art environment.

[olehrazin]

We can get our fingers crossed for a revolution led by artists and collectors, yet people might still wonder how such projects differ from previous attempts, or more generically, what role blockchain technology plays in solving the problem when owners of art are already willing to contribute their data.
https://medium.com/fresco-network/the-glorious-revolution-in-the-art-world-83a5fa71bdf2

Crowd-funding is another way. Maecenas, “the decentralized art gallery,” attempts to approach the sensitive issues by envisioning fractional ownership for the art and thus propose an art investment “in the most transparent and efficient way.” Through this method, people have to passively give out their provenance and market prices since the record is in itself public.

[olehrazin]

The past week witnessed a number of more exciting news. The project is now officially supported by renowned collectors and blue-chip artists from the United States, Switzerland, China, Germany, and UAE, openly acclaimed by founder of Ethereum and director of Bitcoin foundation, and maintaining its record at the top of the art category on all ICO review websites.
https://medium.com/fresco-network/fres-weekly-03-11-2018-3bd8afa5f15b

How is FRESCO gaining recognition?

In the art industry, FRESCO is expanding its world-class advisory team: Sylvain Levy, the top French collector who holds the DSL Collection, the largest collection of contemporary Chinese art, joined the FRESCO team as the chief art advisor; We also welcomed Joseph Scheer, founder of Institute of Electronic Arts at Alfred University, Benjamin Herndon, professor at Rhode Island School of Design, Ho Jae Kim, New Museum’s star artist, Afra al Dhaheri, Abu Dhabi-based artist and professor at Zayed University as art advisors.

In the blockchain industry, Bitcoin Foundation director Brock Pierce retweeted FRESCO on Twitter and commented that “It will be revolutionized for the benefits of artists.” Charles Hoskinson, one of the founders of Ethereum and chairman of IOHK, also retweeted FRESCO and saying he “would love to see more innovations in the art industry.” Moreover, Dr. Jin Di, a computer science expert at the Massachusetts Institute of Technology, is now on board as technical advisor and will be responsible for supervising the technical team.

In the financial industry, Wendy Li, managing director of China Renaissance, joined as financial advisor. She will advise on the financial issues based on her 10 years of experience in investment and art collection.

Who are behind FRESCO?

FRESCO, the world’s first ecosystem serving art collectors, practitioners, and institutions, breaks the boundaries of technology, finance, and art.

FRESCO’s operational and advisory team combines solid expertise and exclusive resources. The team is composed of top talents from the blockchain industry and world-renowned artists, collectors, curators, and scholars. Its technical team has extensive experience in developing blockchain projects, with educational backgrounds from top institutions in the realm of science and engineering.

The art world has always been lagged behind in terms of technological innovations.