if you are currently looking for information about the All publish art project, this article may be helpful. according to the Title of this Article, I will discuss what advantages if the online art market uses blockchain technology. to find out we will compare the existing online art market with All publish Art platform. please note All publish art is the first online art market platform that uses blockchain technology.
so just start our comparison...
First of all, I am not going to explain the detailed publish art project because there are many articles out there that had explained what it is all publish art, and there is already an official Whitepaper published by All public art directly on their official website. so if you want to know what Project All publish art you can directly read the whitepaper or someone else's article.
the indicators that I will use to do the comparison are:
- Security system
- Transparency
- Payment
There are many art markets online today but I will compare Website Artspace (https://www.artspace.com/), Amazon Art (https://www.amazon.com/Art/), and the All Public Art Platform.
Security System
if you look at the security systems of both websites, there is no doubt that Artspace and Amazon have the same Security - as well. But if we look from the Security at the time of the transaction, we can not know the painting or the statue we bought is the original artwork. There are many recent cases of artwork forgery. Usually fake works of art are works of art made by famous artists or rare items. And Artspace or Amazon does not have the Technology to provide assurance that the items sold on their website are original artworks. So are you still thinking of buying artwork on the website above entirely Safe?
Then what about All Public Art using Blockchain Technology ?, in Platform All publish Art itself, Blockchain Technology has many uses. One is to ensure that the items sold on their Platform are Original. By applying a unique Code in every artwork that will be sold by artists or art collectors in the All Publish Art Platform. Unique codes will be installed in art pieces that are hard to see and not easily removed like the back or bottom of artwork. This unique code will automatically be registered in Blockchain so no one will fake the artwork because every transaction involving the artwork will always be recorded on Blockchain.
Transparency
in the existing Art Market Platform like Artspace and Amazon, we will not find Transaparency. the problem of price manipulation done by people who are irresponsible who just want to get a profit can not be prevented. This is one of the biggest problems that exist in the online art market. The existence of a third party that connects artists with buyers or vice versa. Make the price of the artwork unclear. The result will always be a price game made by a third party (intermediaries).
With Blockchain the problem of price manipulation is likely to be resolved. Because every transaction will be recorded in Blockchain will not be changed or even deleted. Then with Blockchain all transactions will be peer-to-peer there will be no intermediaries that will make it hard for them to sell their work.
Payment
on the Artspace website and also Amazon, I see the payment option using only Paypal or Credit card. For some years backward PayPal may be a good choice for transactions between countries, but paypal has a weakness as the Rate between Dollar Paypal with Fiat Money is much more expensive when compared with the Rate of the issued State bank concerned. Maybe if the value is small we are not too concerned but if it exceeded $1000 or even $10,000 the value of the transcation for myself is too expensive.
With Tokenization done by All Publish Art Platform May be able to help the artists and buyers. Unlike the two platforms above All public art will use their own token named APA to be used as a means of payment for every transaction on their platform. APA token can also be used for payment services on all Public art platforom. Later if the buyer wants to buy the artwork the first thing to do is to exchanges Fiat money to APA token. And if the artists want to get their money first they have to exchange APA Token into Fiat money. For. Buy or exchange APA token you can go to Cryptocurrency exchangers market. The good thing is different from the Paypal Rate by them, the APA token is determined by supply and demand so the price will keep changing according to market demand. For Cryptocurrency transactions Fee classified as very small.
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| https://allpublicart.io/whitepaper.pdf |
So in conclusion Blockchain technology is needed by Market Art online to solve the problems that have happened for many years. With the existence of Blockchain Technology you guys who want to buy artwork no longer afraid of being deceived. APA token will be a tool of payment whose value will continue to grow as the Platform All public Art grows. Be part of the All Public Art Project Development by purchasing an APA token on their ICO show. And get an interesting discount if you buy the Pre-ICO later that started on February 26, 2018.
For more details you can see below:
Pre-Sales Token Phase
The purpose of this phase is to build a token sales momentum in a short period of time, and to encourage investment in the early stages. Bonuses will be issued depending on the number of tokens contributed. A minimum of 35 ETH contributions are required to participate in this phase unless you are a registered artist.
Minimum Contributions and Bonus Details are:
- minimum contribution is 15 $ worth of ETH for Artists 25% bonus.
- Minimum contribution is 10.5k $ worth 25% ETH bonus.
- Minimum contribution is 30k $ ETH worth 30% bonus.
- Minimum contribution is $ 150k $ ETH worth 35% bonus.
- minimum contribution is $ 300k $ ETH worth 45% bonus.
One person can not buy more than 25,000,000 All Public Art tokens, or the equivalent of $ 1,250,000 USD
Pre-sales artists: There is no minimum contribution required when an artist is verified and whitelisted. Whitelisting requirements are Visual Artists registered at All Public Art and have artwork and those registered on the Website will receive a 20% Bonus with a minimum contribution of 0.5 ETH.
Token Sales Stage
Initial participants will receive a token bonus to reward them as they first join the beginning of the sale. The faster you join the automatic bonus you get will be bigger. Just like the Pre-sale stage, one person cannot buy more than 25,000,000 All Public Art tokens, equivalent to $ 1,250,000.
Sales Details are below:
- The first week with a bonus of 20%
- The second week with a bonus of 15%
- The third week with a bonus of 10%
- Week four with bonus of 0%
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| https://allpublicart.io/ |
Give your feedback about this comparison I made. If any errors or mistakes please forgive me. If you like this article you can share this article to your social media.
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