As for the interesting news from the world of crypto and from the art world, namely regarding the incorporation of these two things are presented in a platform. Allpublicart is an art market with the trading system of peer-to-peer technology by utilizing the powerful blockchain to eliminate and overcome the existence of counterfeiting and intermediaries who are typically manipulated. Created in December 2015, this platform is ready to capture and follow the development of the online market at the moment. And according to a report from the insurance company Hoscox Ltd, the art of the online market is growing at an annual rate of 24% with an estimated profit of approximately $9.54 billion up to the year 2020. Currently we know that art market's biggest problem, namely counterfeiting and fraud against the products of art.
With this Allpublicart was created to solve these problems by utilizing the technology of blockchain to memalidasi the authenticity of works of art or product you want. In a transparent platform can keep track of the history of the sale of the artwork that you want and this platform also has an important mission for the development of the art world and the world of crypto. The Mission of the platform is to contribute to sustainable growth and global art community in the sphere of the world with the support of the art market and ignite trade between artists to collectors based on the technology of blockchain and contracts Smart. The creation of the ecosystem on Allpublicart professionally so that the platform can serve you even art community or globally and art lovers worldwide. With this platform has helped the development of the art world for many years and in the future.
Does just that, this platform was created as a liaison between the three fields with tremendous potential that is art, blockchain technology and the people who make or art collector like you. Through this merger, the platform makes it as the model of a container of a new art market and were able to penetrate the market in a profitable global and fair between artist and art collector. Using blockchain technology, Allpublicart offers great potential and in accordance with the current art market and allow direct services peer to peer shaped for the artists, sellers, collectors, consumer, while also offering the transparency of the sale. This platform is able to minimize the existence of cases of counterfeit works of art and the manipulation of prices given the intermediate art in the market because it can harm as well as making the current art market downturn.
** And, as we know that buyers and sellers must trust intermediaries such as auction houses, art galleries or art consultant to coordinate the trade. In addition, you also have to pay a Commission by a specified amount on the intermediary. However, by using the Allpublicart platform, you don't have to pay Commission fees and technology blockchain. And as for the full range of benefits you can get by being part of the platform. Among the advantages, you can help improve the quality of the trading process by eliminating middlemen, enable transactions in a transparent and accountable between artists, collectors, sellers and consumers through blockchain. In addition, you can also get in touch directly with the community or those art lovers to artists. As for the wide range of exciting rewards and discounts you can get by being part of the platform. And that's a bit of interesting information about Allpublicart we can convey. Hopefully the above information can be useful and increase your knowledge.**