The interesting news from daunia crypto and from the art world, which is about merging the two things are presented in a platform. Allpublicart is an art market with a strong peer-to-peer trading system that leverages blockchain technology to eliminate and overcome counterfeiting and only intermediaries are typically manipulated. Created in 2015, this platform is ready to capture and track current online market developments. And according to a report from insurance company Hoscox Ltd, the art of online market grew at an annual rate of 24% with an estimated profit of about $ 9.54 billion by 2020. As we know that the biggest problem in the art market is fraud and fraud against existing art products.
With this Allpublicart was created to solve the problem by utilizing blockchain technology to validate the authenticity of the work or art product you want. Transparently this platform can track the history of selling artwork you want and this platform also has an important mission for the development of the art world and the crypto world. The mission of this platform is to contribute to the growth and sustained art globally within the world community by supporting the art market and fueling trade among artists to collectors based on blockchain technology and smart contracts. The creation of ecosystems in Allpublicart professionally so that the platform can serve you even the art community or art lovers globally and worldwide. With this the platform has helped the development of the art world for many years and in the future.
Not only that, this platform is created as a liaison between three fields with a variety of tremendous potentials of art, blockchain technology and people who make or collect art like you. Through this merger, the platform makes it a model of a new arts marketplace and able to penetrate a globally profitable and fair marketplace between artists and art collectors. By using blockchain technology, Allpublicart offers great potential and is in line with the current art market and enables a peer to peer live service for artists, sellers, collectors, consumers, while also offering sales transparency. This platform is able to minimize the existence of forgery cases of artwork and price manipulation provided by art intermediaries in the market because it can harm and make the current art market downturn.
And as we know that buyers and sellers must trust an intermediary like auction house, art consultant or art gallery to coordinate trade. In addition you also have to pay a commission with a certain amount on the intermediary. But by using the Allpublicart platform, you do not have to pay commission fees and blockchain technology. And as for the various benefits that you can get by being part of the platform. Among these advantages, you can help improve the quality of the trading process by eliminating middlemen, activating transparent and accountable transactions between artists, sellers, collectors and consumers through blockchain. In addition you can also connect directly with the community or people art lovers to artists. As for various kinds of awards and attractive discounts that you can get by being part of the platform. And that's a bit of interesting information about Allpublicart that we can deliver.
Hopefully the above information can be useful and increase your knowledge.