Blockchain technology is empowering everyday people by opening new opportunities to them.
Secure decentralization is providing people the platform needed to compete against corporate juggernauts; ICOs have made it possible for anyone to raise money and pursue his or her dreams; tokenization is paving the way for functional fractional ownership, thereby allowing anyone to potentially invest in anything. Blockchain technology is aiding the masses through a myriad ways.
The rise of this technology has opened the doors to everyone to pursue what they want and it has even leveled the floors with respect to investment opportunities. However, till now, one asset class, that is almost exclusively accessible to the wealthy, has not been opened for the masses. Arts & Collectibles are a multi-trillion dollar market and the sheer entry barrier keeps it out of the reach of everyday people. As Arts & Collectibles tend to appreciate at a pace, on average, far greater than the inflation rate, this asset class remains a popular choice among the wealthy.
The average price of most Arts & Collectibles is quite high; so, most people cannot buy an item is this asset class. Instead, a new means to invest in this market will surface soon, one that is affordable to all.
Everyone can Invest in Arts & Collectibles
Codex Protocol is going to allow the A&C market to seamlessly adopt the benefits of blockchain technology. The Codex serves a ledger that stores immutable records of any item's identity and chain of ownership, which is termed as the item's Providence.
An art piece of collectible item is only valuable with the proper Providence that proves its authenticity. While this feature is the primary benefit of the Codex, the Protocol can be extended to make investments in Arts & Collectibles an accessible investment channel.
As Codex Protocol will be serving the A&C market, the CodexCoins will give a direct exposure to the aggregate growth faced by the A&C market. CodexCoins are purchasable by anyone and as even a fraction of a coin can be bought, they are also affordable by all. This immediately opens an investment opportunity, that directly corresponds with the A&C market, to the masses.
A more complex way to make any specific art piece or collectible item an investment opportunity for anyone is also possible. Integration of the Codex into the A&C market not only provides a record for the item's chain of ownership, but also a means to invest in it with cryptocurrency. This makes it possible for any item to be tokenized while simultaneously having a record of its owners. Thus, an easy and simple mean of fractional ownership can make its way into the A&C market and can allow anyone to have a stake in the appreciation of any specific A&C asset.
Wrap-Up: Arts & collectibles are a major asset class that will soon be open to investments from everyday people. Codex Protocol integrates into the A&C market, thus CodexCoins provide a direct exposure to the gains made by the market. Additionally, the protocol makes the tokenization of A&C assets a near reality.
Codex Protocol Essential Links
🌐 Website: https://codexprotocol.com/
💡 Whitepaper: https://codexprotocol.com/#whitepaper
👨 ANN Thread: https://bitcointalk.org/index.php?topic=4494244.0
💻 Telegram: https://t.me/codexprotocol
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