Thursday, March 31, 2022

Artex

Artex

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What is Artex and who is it for?

Artex is the world’s first blockchain-based exchange platform, ideal for the investing and selling of artwork. It accommodates the art mass market with the objective of making this market less elitist.

Artex platform

The Artex platform allows individuals to manage and trade fine art investments at any time. It comes with smart contracts that allow investors and other individuals to buy and sell from works listed during the pre-sale process. The Artex platform not only promotes transparency but also provides liquidity to the art market. With a democratic distribution channel of finance, this investment platform promotes equality among investors and individuals. The platform also operates a crypto exchange that is based on asset/commodity.

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Benefits for investors.

Investors will benefit from an increase in art prices, which goes hand in hand with the price of the Artex token and, in turn, monetising digital art. Participants will be able to earn more crypto through staking as a source of passive income, as well as a money investment option. With Artex, art becomes a safe investment, guaranteeing earning even when it has not sold completely.

Benefits for listing an artwork on Artex

Listing on Artex is beneficial as it tokenises the entire insurance value of the artwork, while 51% is locked/held on the owner, leaving 49% of the artwork for trading on the platform. As such, you are guaranteed annual returns from the held tokens that cannot go below the starting market cap.

Unique NFT auctions out of real artworks.

The Artex auction system allows art owners to generate income by listing in the auction system. The bid of every participant in the auction and bidding is registered and guaranteed through a smart contract. After the action, the highest bidder becomes the new owner of the artwork and the ownership is registered on the blockchain.

Metaverse art gallery

Artex will allow art owners to make the perfect gallery for their works in the virtual world. On the metaverse, creators will be able to present 3D art pieces with their certified ownership registered on the blockchain, thus providing proof of ownership as well.

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